2023 Form 5500 filing — Sarat Ford Sales, Inc. 401(K) 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 20250113154044NAL0010741187001) for Sarat Ford Sales, Inc. 401(K) Savings Plan, reported by Sarat Ford Sales, Inc. under EIN 04-2385735 and plan number 001. It reports 116 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250113154044NAL0010741187001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sarat Ford Sales, Inc.
- EIN
- 04-2385735
- Plan number
- 001
- Location
- Agawam, MA
- Participants
- 116
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,915,806
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,915,806
- Employer contributions
- $81,109
- Participant contributions
- $502,330
- Total income / additions
- $3,207,426
- Benefits paid
- $907,708
- Administrative expenses
- $13,058
- Total expenses
- $920,766
- Net increase / (decrease)
- $2,286,660
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Compass 360, LLC | RECORDKEEPER | $11,022 | $94 |
| Royal Alliance Associates, Inc. | BROKER | $0 | $2,690 |
| Transamerica Life Insurance Company | RECORDKEEPER | $2,036 | $0 |