2023 Form 5500 filing — Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240418065345NAL0004876320001) for Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan, reported by Salem Fabrication Technologies Group, Inc. under EIN 56-1018012 and plan number 002. It reports 94 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$20.9MReported net assets$20,902,788
Participants94
Provider compensationNone reported
Schedules filedSchedule ILoaded schedules
- EFAST2 acknowledgement
- 20240418065345NAL0004876320001
- Plan sponsor
- Salem Fabrication Technologies Group, Inc.
- EIN
- 56-1018012
- Plan number
- 002
- Location
- Winston Salem, NC
- Received date
- not reported in the loaded dataset
How to read this filing
- This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
- Schedule chips (Sch H / I / C) show which schedules this filing includes.
- Net assets = total assets minus total liabilities (Schedule H/I).
- Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
- For the plan's full history, open the plan profile.
Schedule I · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$26M total assets
Net assets$20.9MLiabilities$5.1M
Full reported line items
- Total assets (EOY)
- $26,004,205
- Total liabilities (EOY)
- $5,101,417
- Net assets (EOY)
- $20,902,788
- Employer contributions
- $991,201
- Total income / additions
- $6,721,091
- Benefits paid
- $1,687,172
- Administrative expenses
- $566
- Total expenses
- $1,787,934
- Net increase / (decrease)
- $4,933,157
Frequently asked questions
- What does EFAST2 acknowledgement 20240418065345NAL0004876320001 cover?
- It is the 2023 Form 5500 filing for Salem Fabrication Technologies Group, Inc. Employee Stock Ownership Plan, reported by Salem Fabrication Technologies Group, Inc. (EIN 56-1018012).
- Which Form 5500 schedules are attached to this 2023 filing?
- Attached schedules in the loaded dataset include Schedule I (small plan financials).