Samet Corporation 401(K) Profit Sharing Plan — Form 5500 plan (Samet Corporation)
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, Samet Corporation 401(K) Profit Sharing Plan is a benefit plan reported by Samet Corporation under EIN 56-0794883 and plan number 001. The latest loaded filing year is 2023. The filing reports 567 participants and $33,972,328 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Samet Corporation
- EIN
- 56-0794883
- Plan number
- 001
- Plan type
- 2
- Location
- Greensboro, NC
- Latest filing year
- 2023
- Participants
- 567
- End-of-year plan assets
- $33,972,328
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 567 | H, C | 20240801153814NAL0036386912001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $33,972,328
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $33,972,328
- Net assets (BOY)
- $25,128,386
Income & contributions
- Employer contributions
- $1,121,903
- Participant contributions
- $3,680,945
- Total contributions
- $6,854,123
- Total income / additions
- $11,662,590
Expenses & distributions
- Benefits paid
- $2,669,595
- Administrative expenses
- $69,179
- Total expenses
- $2,818,648
- Net increase / (decrease)
- $8,843,942
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Co | CONTRACT ADMINISTRATOR | $40,719 | $0 | 2023 |
| Global Retirement | INVESTMENT ADVISORY | $28,500 | not reported in the loaded dataset | 2023 |
| Strategic Ret Administration LLC | THIRD PARTY ADMINISTRATO | $0 | $13,687 | 2023 |