Swanson Industries, Inc. Pension Plan — Form 5500 plan (Swanson 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, Swanson Industries, Inc. Pension Plan is a benefit plan reported by Swanson Industries, Inc. under EIN 55-0770512 and plan number 001. The latest loaded filing year is 2023. The filing reports 305 participants and $8,453,411 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$8.4MPlan net assets, end of year$8,448,166
Participants305Covered participants reported
Assets / participant$27.7KComputed: assets ÷ participants$27,716 (computed)
Provider compensation$20.3K1 Schedule C provider row(s)$20,333
- Plan sponsor
- Swanson Industries, Inc.
- EIN
- 55-0770512
- Plan number
- 001
- Plan type
- 2
- Location
- Morgantown, WV
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 305 | H, C | 20250211070625NAL0009818979001 |
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)$8.5M total assets
Net assets$8.4MLiabilities$5.2K
Full reported line items
Net assets
- Total assets (EOY)
- $8,453,411
- Total liabilities (EOY)
- $5,245
- Net assets (EOY)
- $8,448,166
- Net assets (BOY)
- $8,087,429
Income & contributions
- Employer contributions
- $159,000
- Participant contributions
- $0
- Total contributions
- $159,000
- Total income / additions
- $1,260,401
Expenses & distributions
- Benefits paid
- $879,331
- Administrative expenses
- $20,333
- Total expenses
- $899,664
- Net increase / (decrease)
- $360,737
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.
100%
Employer 100%Participant 0%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income70%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| United Wealth Management | NONE | $20,333 | not reported in the loaded dataset | 2023 |