2023 Form 5500 filing — American Systems Corporation 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 20241009094344NAL0010494963001) for American Systems Corporation Employee Stock Ownership Plan, reported by American Systems Corporation under EIN 54-0962497 and plan number 003. It reports 3,717 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009094344NAL0010494963001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- American Systems Corporation
- EIN
- 54-0962497
- Plan number
- 003
- Location
- Chantilly, VA
- Participants
- 3,717
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $331,314,714
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $331,314,714
- Employer contributions
- $579,054
- Total income / additions
- $65,838,145
- Benefits paid
- $26,028,624
- Administrative expenses
- $277,104
- Total expenses
- $26,305,728
- Net increase / (decrease)
- $39,532,417
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal | RECORDKEEPER/BOOKKEEPER | $131,086 | not reported in the loaded dataset |
| Ti Trust | TRUSTEE | $75,000 | not reported in the loaded dataset |
| Stout Risius Ross | VALUATION SERVICES | $42,925 | not reported in the loaded dataset |
| Cohn Reznick | ACCOUNTANT | $21,000 | not reported in the loaded dataset |
| Direct Connect Group | RECORDKEEPER/BOOKKEEPER | $6,827 | not reported in the loaded dataset |