Systel Business Equipment Co., Inc. 401(K) Psp — Form 5500 plan (Systel Business Equipment Co., 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, Systel Business Equipment Co., Inc. 401(K) Psp is a benefit plan reported by Systel Business Equipment Co., Inc. under EIN 56-1313968 and plan number 001. The latest loaded filing year is 2023. The filing reports 264 participants and $15,881,140 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Systel Business Equipment Co., Inc.
- EIN
- 56-1313968
- Plan number
- 001
- Plan type
- 2
- Location
- Fayetteville, NC
- Latest filing year
- 2023
- Participants
- 264
- End-of-year plan assets
- $15,881,140
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 264 | H, C | 20240530121414NAL0013458129001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,881,140
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,881,140
- Net assets (BOY)
- $13,577,082
Income & contributions
- Employer contributions
- $124,447
- Participant contributions
- $757,770
- Total contributions
- $1,062,635
- Total income / additions
- $3,188,097
Expenses & distributions
- Benefits paid
- $838,524
- Administrative expenses
- $45,515
- Total expenses
- $884,039
- Net increase / (decrease)
- $2,304,058
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $41,299 | $0 | 2023 |
| Stifel Nicolaus & Co Inc | BROKER/ADVISER | $0 | $29,120 | 2023 |
| Qrps, Inc. | CONTRACT ADMIN | $1,250 | $10,000 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $2,966 | not reported in the loaded dataset | 2023 |
| Gwfs Equities Inc | RECORDKEEPER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Systel Business Equipment Co., Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Fayetteville, NC
- Empower Annuity Insurance Company — Schedule C compensation
- Stifel Nicolaus & Co Inc — Schedule C compensation
- Qrps, Inc. — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Gwfs Equities Inc — Schedule C compensation