Southern Ionics Incorporated 401(K) Profit Sharing Plan — Form 5500 plan (Southern Ionics Incorporated)
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 Ionics Incorporated 401(K) Profit Sharing Plan is a benefit plan reported by Southern Ionics Incorporated under EIN 63-0800759 and plan number 001. The latest loaded filing year is 2023. The filing reports 365 participants and $65,387,298 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Southern Ionics Incorporated
- EIN
- 63-0800759
- Plan number
- 001
- Plan type
- 2
- Location
- West Point, MS
- Latest filing year
- 2023
- Participants
- 365
- End-of-year plan assets
- $65,387,298
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 365 | H, C | 20241010164308NAL0010276083001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $65,387,298
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $65,387,298
- Net assets (BOY)
- $54,744,176
Income & contributions
- Employer contributions
- $1,825,473
- Participant contributions
- $2,834,164
- Total contributions
- $5,281,118
- Total income / additions
- $16,602,171
Expenses & distributions
- Benefits paid
- $5,937,336
- Administrative expenses
- $21,713
- Total expenses
- $5,959,049
- Net increase / (decrease)
- $10,643,122
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Strategic Advisors, Inc. | ADVISOR | $40,763 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | -$19,050 | $0 | 2023 |