2023 Form 5500 filing — American Systems Corporation Employee Savings And Security 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 20241009100407NAL0032382464001) for American Systems Corporation Employee Savings And Security 401(K) Plan, reported by American Systems Corporation under EIN 54-0962497 and plan number 002. It reports 2,372 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009100407NAL0032382464001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- American Systems Corporation
- EIN
- 54-0962497
- Plan number
- 002
- Location
- Chantilly, VA
- Participants
- 2,372
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $209,439,407
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $209,439,407
- Participant contributions
- $15,437,206
- Total income / additions
- $54,512,042
- Benefits paid
- $23,004,851
- Administrative expenses
- $241,640
- Total expenses
- $23,246,840
- Net increase / (decrease)
- $31,265,202
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $222,496 | $0 |
| Sageview Advisory Group, | CONTRACT ADMINISTRATOR | $19,144 | not reported in the loaded dataset |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |