2023 Form 5500 filing — Sovereign Distributors, Inc. T/A Avalon Flooring 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 20241014134333NAL0026303601001) for Sovereign Distributors, Inc. T/A Avalon Flooring 401(K) Plan, reported by Sovereign Distributors, Inc. T/A Avalon Flooring under EIN 22-2985143 and plan number 001. It reports 441 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014134333NAL0026303601001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sovereign Distributors, Inc. T/A Avalon Flooring
- EIN
- 22-2985143
- Plan number
- 001
- Location
- Cherry Hill, NJ
- Participants
- 441
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,822,639
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,822,639
- Employer contributions
- $11,940
- Participant contributions
- $1,739,491
- Total income / additions
- $5,347,169
- Benefits paid
- $2,342,049
- Administrative expenses
- $106,680
- Total expenses
- $2,448,729
- Net increase / (decrease)
- $2,898,440
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $60,001 | not reported in the loaded dataset |
| Cbiz Investment Advisory Services | ADVISOR | $31,679 | not reported in the loaded dataset |
| Capaldi Reynolds & Pelosi, P.A. | ACCOUNTANT/AUDITOR | $15,000 | not reported in the loaded dataset |