Orbis 401(K) Retirement Plan — Form 5500 plan (Orbis Sibro, 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, Orbis 401(K) Retirement Plan is a benefit plan reported by Orbis Sibro, Inc. under EIN 57-1109339 and plan number 001. The latest loaded filing year is 2023. The filing reports 422 participants and $25,041,134 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Orbis Sibro, Inc.
EIN
57-1109339
Plan number
001
Plan type
2
Location
Charleston, SC
Latest filing year
2023
Participants
422
End-of-year plan assets
$25,041,134

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023422H, C20241011145436NAL0039100528001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$25,041,134
Total liabilities (EOY)
$0
Net assets (EOY)
$25,041,134
Net assets (BOY)
$16,850,021

Income & contributions

Employer contributions
$1,167,820
Participant contributions
$2,782,674
Total contributions
$4,231,722
Total income / additions
$7,502,673

Expenses & distributions

Benefits paid
$1,596,816
Administrative expenses
$90,256
Total expenses
$1,689,819
Net increase / (decrease)
$5,812,854

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Merrill Lynch Pierce Fenner & SmithCONSULTANT$45,920$2352023
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$44,336$02023

Related Form 5500 pages