Southern Fabricators Inc. 401(K) Plan — Form 5500 plan (Southern Fabricators 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, Southern Fabricators Inc. 401(K) Plan is a benefit plan reported by Southern Fabricators Inc. under EIN 56-0928892 and plan number 001. The latest loaded filing year is 2023. The filing reports 140 participants and $5,534,290 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$5.5MPlan net assets, end of year$5,534,290
Participants140Covered participants reported
Assets / participant$39.5KComputed: assets ÷ participants$39,531 (computed)
Provider compensation$13.1K2 Schedule C provider row(s)$13,083
Plan sponsor
Southern Fabricators Inc.
EIN
56-0928892
Plan number
001
Plan type
2
Location
Polkton, NC
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    140 participants · 2Sch HSch C
    View filing →
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)$5.5M total assets
Net assets$5.5MLiabilities$0
Money in vs. money out
Total income / additions$1.3M
Total expenses$489.4K
Benefits paid / distributions$485.9K
Contributions
Employer$189.5K
Participant$274.6K
Full reported line items

Net assets

Total assets (EOY)
$5,534,290
Total liabilities (EOY)
$0
Net assets (EOY)
$5,534,290
Net assets (BOY)
$4,680,285

Income & contributions

Employer contributions
$189,535
Participant contributions
$274,576
Total contributions
$464,111
Total income / additions
$1,343,433

Expenses & distributions

Benefits paid
$485,878
Administrative expenses
$3,550
Total expenses
$489,428
Net increase / (decrease)
$854,005
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.

Contribution share (employer vs. participant)
Employer 41%Participant 59%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income36%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    SERVICE PROVIDER · Direct $0 · Indirect $9.5K
  2. 2
    SERVICE PROVIDER · Direct $3.5K · Indirect $0

What to inspect next

Frequently asked questions

Who sponsors the Southern Fabricators Inc. 401(K) Plan?
Southern Fabricators Inc. 401(K) Plan is reported as sponsored by Southern Fabricators Inc. (EIN 56-0928892, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Southern Fabricators Inc. 401(K) Plan?
The latest Form 5500 filing year loaded for Southern Fabricators Inc. 401(K) Plan is 2023.
How many participants does Southern Fabricators Inc. 401(K) Plan report?
Southern Fabricators Inc. 401(K) Plan reports 140 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Southern Fabricators Inc. 401(K) Plan?
Southern Fabricators Inc. 401(K) Plan reports $5,534,290 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages