Sumitomo Electric Group 401(K) Plan — Form 5500 plan (Sumitomo Electric U.S.A Holdings, 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, Sumitomo Electric Group 401(K) Plan is a benefit plan reported by Sumitomo Electric U.S.A Holdings, Inc. under EIN 56-1646307 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,451 participants and $177,936,422 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sumitomo Electric U.S.A Holdings, Inc.
- EIN
- 56-1646307
- Plan number
- 001
- Plan type
- 2
- Location
- New York, NY
- Latest filing year
- 2023
- Participants
- 1,451
- End-of-year plan assets
- $177,936,422
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,451 | H, C | 20241010124730NAL0020988993001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $177,936,422
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $177,936,422
- Net assets (BOY)
- $158,104,022
Income & contributions
- Employer contributions
- $4,030,938
- Participant contributions
- $7,713,589
- Total contributions
- $13,266,939
- Total income / additions
- $37,341,173
Expenses & distributions
- Benefits paid
- $17,218,426
- Administrative expenses
- $215,758
- Total expenses
- $17,508,773
- Net increase / (decrease)
- $19,832,400
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $148,486 | $0 | 2023 |
| The Wagner Law Group | NONE | $52,983 | not reported in the loaded dataset | 2023 |
| Capfinancial Partners LLC Dba Captr | OTHER | $15,635 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Sumitomo Electric U.S.A Holdings, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in New York, NY
- Empower Annuity Insurance Company O — Schedule C compensation
- The Wagner Law Group — Schedule C compensation
- Capfinancial Partners LLC Dba Captr — Schedule C compensation