Scott Smith & Son, Inc. Employees Profit Sharing 401(K) Plan And Trust — Form 5500 plan (Scott Smith & Son, Inc.)

Plain-English plan 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, Scott Smith & Son, Inc. Employees Profit Sharing 401(K) Plan And Trust is a benefit plan reported by Scott Smith & Son, Inc. under EIN 16-1017618 and plan number 001. The latest loaded filing year is 2023. The filing reports 29 participants and $2,463,203 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$2.5MPlan net assets, end of year$2,463,203
Participants29Covered participants reported
Assets / participant$84.9KComputed: assets ÷ participants$84,938 (computed)
Provider compensationNone reported
Plan sponsor
Scott Smith & Son, Inc.
EIN
16-1017618
Plan number
001
Plan type
2
Location
Owego, NY
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202329I20240516073645NAL0085656514001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$2.5M total assets
Net assets$2.5MLiabilities$0
Money in vs. money out
Total income / additions$606.5K
Total expenses$24.5K
Benefits paid / distributions$10.7K
Contributions
Employer$83.6K
Participant$115.9K
Full reported line items

Net assets

Total assets (EOY)
$2,463,203
Total liabilities (EOY)
$0
Net assets (EOY)
$2,463,203
Net assets (BOY)
$1,881,235

Income & contributions

Employer contributions
$83,572
Participant contributions
$115,938
Total income / additions
$606,497

Expenses & distributions

Benefits paid
$10,745
Administrative expenses
$13,784
Total expenses
$24,529
Net increase / (decrease)
$581,968
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 42%Participant 58%
Total expenses ÷ net assets1%Computed ratio
Benefits paid ÷ total income2%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages