Sietsema Farms 401(K) Plan — Form 5500 plan (Sietsema Farms 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, Sietsema Farms 401(K) Plan is a benefit plan reported by Sietsema Farms Inc. under EIN 38-3001620 and plan number 001. The latest loaded filing year is 2023. The filing reports 234 participants and $13,093,631 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sietsema Farms Inc.
- EIN
- 38-3001620
- Plan number
- 001
- Plan type
- 3
- Location
- Allendale, MI
- Latest filing year
- 2023
- Participants
- 234
- End-of-year plan assets
- $13,093,631
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 234 | H, C | 20240930091532NAL0002523587001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,093,631
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,093,631
- Net assets (BOY)
- $10,528,388
Income & contributions
- Employer contributions
- $309,598
- Participant contributions
- $429,327
- Total contributions
- $738,925
- Total income / additions
- $3,064,826
Expenses & distributions
- Benefits paid
- $454,383
- Administrative expenses
- $31,045
- Total expenses
- $499,583
- Net increase / (decrease)
- $2,565,243
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Macatawa Bank | TRUSTEE/RK/ ADVISOR | $31,045 | not reported in the loaded dataset | 2023 |