2023 Form 5500 filing — Salem Electric Company Retirement Savings 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 20240911121343NAL0012300320001) for Salem Electric Company Retirement Savings Plan, reported by Salem Electric Company, Inc under EIN 56-0633616 and plan number 001. It reports 173 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240911121343NAL0012300320001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Salem Electric Company, Inc
- EIN
- 56-0633616
- Plan number
- 001
- Location
- Winston-Salem, NC
- Participants
- 173
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,677,728
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,677,728
- Employer contributions
- $585,133
- Participant contributions
- $761,974
- Total income / additions
- $3,417,581
- Benefits paid
- $1,502,263
- Administrative expenses
- $57,940
- Total expenses
- $1,560,203
- Net increase / (decrease)
- $1,857,378
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ascensus LLC | NONE | $33,945 | $0 |
| One Digital Investment Advisors | NONE | $21,686 | not reported in the loaded dataset |
| Nextcapital Group, Inc. | NONE | $1,131 | not reported in the loaded dataset |