Simplex Industries, Inc. 401(K) Plan — Form 5500 plan (Simplex Industries 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, Simplex Industries, Inc. 401(K) Plan is a benefit plan reported by Simplex Industries Inc under EIN 23-1739146 and plan number 001. The latest loaded filing year is 2023. The filing reports 197 participants and $8,131,119 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$8.1MPlan net assets, end of year$8,131,119
Participants197Covered participants reported
Assets / participant$41.3KComputed: assets ÷ participants$41,275 (computed)
Provider compensation$66.3K3 Schedule C provider row(s)$66,315
- Plan sponsor
- Simplex Industries Inc
- EIN
- 23-1739146
- Plan number
- 001
- Plan type
- 2
- Location
- Scranton, PA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 197 | H, C | 20241010144628NAL0011622307001 |
Schedule H · 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)$8.1M total assets
Net assets$8.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $8,131,119
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,131,119
- Net assets (BOY)
- $7,021,281
Income & contributions
- Employer contributions
- $91,308
- Participant contributions
- $448,080
- Total contributions
- $539,388
- Total income / additions
- $1,624,061
Expenses & distributions
- Benefits paid
- $451,816
- Administrative expenses
- $57,315
- Total expenses
- $514,223
- Net increase / (decrease)
- $1,109,838
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.
17%83%
Employer 17%Participant 83%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income28%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $35,636 | $0 | 2023 |
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISORY | $21,679 | not reported in the loaded dataset | 2023 |
| Snyder & Clemente | ACCOUNTANT | $0 | $9,000 | 2023 |