2023 Form 5500 filing — Saipem America, Inc. Employee Retirement 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 20241011113416NAL0044140162001) for Saipem America, Inc. Employee Retirement Plan, reported by Saipem America, Inc. under EIN 76-0310017 and plan number 001. It reports 249 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011113416NAL0044140162001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Saipem America, Inc.
- EIN
- 76-0310017
- Plan number
- 001
- Location
- Houston, TX
- Participants
- 249
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $21,945,071
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,945,071
- Employer contributions
- $764,957
- Participant contributions
- $1,566,116
- Total income / additions
- $5,552,709
- Benefits paid
- $1,219,226
- Administrative expenses
- $99,952
- Total expenses
- $1,319,178
- Net increase / (decrease)
- $4,233,531
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $87,527 | $0 |
| B. Riley Wealth Advisors, Inc. | INVESTMENT ADVISORY | $0 | $12,547 |
| Robertson & Robertson | ACCOUNTANT | $12,425 | not reported in the loaded dataset |
| B Riley Wealth Management Inc | INVESTMENT ADVISORY | $0 | $11,602 |