Salient Corporation 401(K) Profit Sharing Plan — Form 5500 plan (Salient Corporation)
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, Salient Corporation 401(K) Profit Sharing Plan is a benefit plan reported by Salient Corporation under EIN 16-1303574 and plan number 001. The latest loaded filing year is 2023. The filing reports 162 participants and $25,465,064 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Salient Corporation
- EIN
- 16-1303574
- Plan number
- 001
- Plan type
- 2
- Location
- Horseheads, NY
- Latest filing year
- 2023
- Participants
- 162
- End-of-year plan assets
- $25,465,064
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 162 | H, C | 20240917153419NAL0003011009001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,465,064
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $25,465,064
- Net assets (BOY)
- $22,774,763
Income & contributions
- Employer contributions
- $542,716
- Participant contributions
- $1,122,815
- Total contributions
- $1,669,365
- Total income / additions
- $5,701,291
Expenses & distributions
- Benefits paid
- $2,998,222
- Administrative expenses
- $12,768
- Total expenses
- $3,010,990
- Net increase / (decrease)
- $2,690,301
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Alerus Financial, N.A. | NONE | $12,765 | not reported in the loaded dataset | 2023 |