2023 Form 5500 filing — Sungwon Distributor LLC 401(K) 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 20240724113951NAL0012903329001) for Sungwon Distributor LLC 401(K) Plan, reported by Sungwon Distributor LLC under EIN 27-3400399 and plan number 001. It reports 425 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240724113951NAL0012903329001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sungwon Distributor LLC
- EIN
- 27-3400399
- Plan number
- 001
- Location
- Jessup, MD
- Participants
- 425
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,106,330
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,106,330
- Employer contributions
- $289,398
- Participant contributions
- $427,161
- Total income / additions
- $839,989
- Benefits paid
- $68,125
- Administrative expenses
- $15,319
- Total expenses
- $83,444
- Net increase / (decrease)
- $756,545
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock Life Insurance Company | not reported in the loaded dataset | $0 | not reported in the loaded dataset |