Scott Electric Company, Inc. Profit Sharing 401(K) Plan — Form 5500 plan (Scott Electric Company, 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, Scott Electric Company, Inc. Profit Sharing 401(K) Plan is a benefit plan reported by Scott Electric Company, Inc. under EIN 64-0476728 and plan number 001. The latest loaded filing year is 2023. The filing reports 15 participants and $232,604 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$232.6KPlan net assets, end of year$232,604
Participants15Covered participants reported
Assets / participant$15.5KComputed: assets ÷ participants$15,507 (computed)
Provider compensationNone reported
Plan sponsor
Scott Electric Company, Inc.
EIN
64-0476728
Plan number
001
Plan type
2
Location
Greenville, MS
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202315I20240711095926NAL0015985921001
Schedule I · 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)$232.6K total assets
Net assets$232.6KLiabilities$0
Money in vs. money out
Total income / additions$79.1K
Total expenses$563.2K
Benefits paid / distributions$561.3K
Contributions
Employer$7.5K
Participant$6.6K
Full reported line items

Net assets

Total assets (EOY)
$232,604
Total liabilities (EOY)
$0
Net assets (EOY)
$232,604
Net assets (BOY)
$716,678

Income & contributions

Employer contributions
$7,531
Participant contributions
$6,583
Total income / additions
$79,102

Expenses & distributions

Benefits paid
$561,291
Administrative expenses
$1,885
Total expenses
$563,176
Net increase / (decrease)
-$484,074
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 53%Participant 47%
Total expenses ÷ net assets242%Computed ratio
Benefits paid ÷ total income710%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages