Demco 401(K) Retirement Savings & Investment Plan — Form 5500 plan (Demco New York Corp.)
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, Demco 401(K) Retirement Savings & Investment Plan is a benefit plan reported by Demco New York Corp. under EIN 16-1375424 and plan number 002. The latest loaded filing year is 2023. The filing reports 171 participants and $10,657,708 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Demco New York Corp.
- EIN
- 16-1375424
- Plan number
- 002
- Plan type
- 2
- Location
- East Syracuse, NY
- Latest filing year
- 2023
- Participants
- 171
- End-of-year plan assets
- $10,657,708
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 171 | H, C | 20241007101648NAL0008779139001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,657,708
- Net assets (EOY)
- $10,657,708
- Net assets (BOY)
- $10,172,905
Income & contributions
- Employer contributions
- $121,045
- Participant contributions
- $428,907
- Total contributions
- $549,952
- Total income / additions
- $2,062,382
Expenses & distributions
- Benefits paid
- $1,506,311
- Administrative expenses
- $69,784
- Total expenses
- $1,577,579
- Net increase / (decrease)
- $484,803
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Actuarial Pension Analysts | THIRD PARTY ADMINISTRATO | $6,640 | not reported in the loaded dataset | 2023 |
| John Hancock New York | RECORDKEEPER | $660 | not reported in the loaded dataset | 2023 |