System Freight Inc. 401(K) Profit Sharing Plan — Form 5500 plan (System Freight, 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, System Freight Inc. 401(K) Profit Sharing Plan is a benefit plan reported by System Freight, Inc. under EIN 22-2063135 and plan number 001. The latest loaded filing year is 2023. The filing reports 491 participants and $13,475,513 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
System Freight, Inc.
EIN
22-2063135
Plan number
001
Plan type
2
Location
Jamesburg, NJ
Latest filing year
2023
Participants
491
End-of-year plan assets
$13,475,513

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023491H, C20241011142913NAL0022932161001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$13,475,513
Total liabilities (EOY)
$348,471
Net assets (EOY)
$13,127,042
Net assets (BOY)
$10,738,043

Income & contributions

Employer contributions
$429,461
Participant contributions
$1,245,307
Total contributions
$1,901,616
Total income / additions
$3,776,281

Expenses & distributions

Benefits paid
$1,305,416
Administrative expenses
$75,345
Total expenses
$1,387,282
Net increase / (decrease)
$2,388,999

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Usi Consulting GroupRECORDKEEPER$52,621$02023
Usi AdvisorsADVISORS$22,724$02023

Related Form 5500 pages