Southern States Packaging 401(K) Plan — Form 5500 plan (Southern States Packaging, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Southern States Packaging 401(K) Plan is a benefit plan reported by Southern States Packaging, Inc. under EIN 57-0401494 and plan number 001. The latest loaded filing year is 2023. The filing reports 185 participants and $10,178,275 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$10.1MPlan net assets, end of year$10,129,343
Participants185Covered participants reported
Assets / participant$55KComputed: assets ÷ participants$55,018 (computed)
Provider compensation$22.7K1 Schedule C provider row(s)$22,729
- Plan sponsor
- Southern States Packaging, Inc.
- EIN
- 57-0401494
- Plan number
- 001
- Plan type
- 2
- Location
- Spartanburg, SC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 185 | H, C | 20240813140936NAL0005828163001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$10.2M total assets
Net assets$10.1MLiabilities$48.9K
Full reported line items
Net assets
- Total assets (EOY)
- $10,178,275
- Total liabilities (EOY)
- $48,932
- Net assets (EOY)
- $10,129,343
- Net assets (BOY)
- $7,939,901
Income & contributions
- Employer contributions
- $106,370
- Participant contributions
- $681,011
- Total contributions
- $787,381
- Total income / additions
- $2,441,731
Expenses & distributions
- Benefits paid
- $229,560
- Administrative expenses
- $22,729
- Total expenses
- $252,289
- Net increase / (decrease)
- $2,189,442
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
14%86%
Employer 14%Participant 86%
Total expenses ÷ net assets2%Computed ratio
Benefits paid ÷ total income9%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Alerus Financial, N.A. | NONE | $22,729 | $0 | 2023 |