Spartanburg Steel Products, Inc. Savings And Investment Plan — Form 5500 plan (Spartanburg Steel Products, 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, Spartanburg Steel Products, Inc. Savings And Investment Plan is a benefit plan reported by Spartanburg Steel Products, Inc. under EIN 31-1039895 and plan number 003. The latest loaded filing year is 2023. The filing reports 129 participants and $7,979,262 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$8MPlan net assets, end of year$7,979,262
Participants129Covered participants reported
Assets / participant$61.9KComputed: assets ÷ participants$61,855 (computed)
Provider compensation$64.2K4 Schedule C provider row(s)$64,188
- Plan sponsor
- Spartanburg Steel Products, Inc.
- EIN
- 31-1039895
- Plan number
- 003
- Plan type
- 2
- Location
- Spartanburg, SC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 129 | H, C | 20241015070741NAL0028904257001 |
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)$8M total assets
Net assets$8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $7,979,262
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,979,262
- Net assets (BOY)
- $6,939,800
Income & contributions
- Employer contributions
- $309,909
- Participant contributions
- $633,183
- Total contributions
- $1,216,129
- Total income / additions
- $2,525,695
Expenses & distributions
- Benefits paid
- $1,443,561
- Administrative expenses
- $56,852
- Total expenses
- $1,511,640
- Net increase / (decrease)
- $1,014,055
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Co | RECORDKEEPER | $36,254 | $0 | 2023 |
| Capfinancial Partners, LLC | INVESTMENT ADVISOR | $13,354 | not reported in the loaded dataset | 2023 |
| Cbiz Benefits & Ins Services | CONTRACT ADMIN | $0 | $7,322 | 2023 |
| Empower Advisory Group LLC | INVESTMENT MANAGEMENT | $7,258 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Spartanburg Steel Products, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in SC
- 401(k) and benefit plan filings in Spartanburg, SC
- Empower Annuity Insurance Co — Schedule C compensation
- Capfinancial Partners, LLC — Schedule C compensation
- Cbiz Benefits & Ins Services — Schedule C compensation
- Empower Advisory Group LLC — Schedule C compensation