2023 Form 5500 filing — Samet Corporation 401(K) Profit Sharing 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 20240801153814NAL0036386912001) for Samet Corporation 401(K) Profit Sharing Plan, reported by Samet Corporation under EIN 56-0794883 and plan number 001. It reports 567 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240801153814NAL0036386912001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Samet Corporation
- EIN
- 56-0794883
- Plan number
- 001
- Location
- Greensboro, NC
- Participants
- 567
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $33,972,328
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $33,972,328
- Employer contributions
- $1,121,903
- Participant contributions
- $3,680,945
- Total income / additions
- $11,662,590
- Benefits paid
- $2,669,595
- Administrative expenses
- $69,179
- Total expenses
- $2,818,648
- Net increase / (decrease)
- $8,843,942
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Co | CONTRACT ADMINISTRATOR | $40,719 | $0 |
| Global Retirement | INVESTMENT ADVISORY | $28,500 | not reported in the loaded dataset |
| Strategic Ret Administration LLC | THIRD PARTY ADMINISTRATO | $0 | $13,687 |