Simco Profit Sharing 401(K) Plan — Form 5500 plan (Simco Electronics)
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, Simco Profit Sharing 401(K) Plan is a benefit plan reported by Simco Electronics under EIN 94-1617912 and plan number 001. The latest loaded filing year is 2023. The filing reports 502 participants and $26,164,675 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Simco Electronics
- EIN
- 94-1617912
- Plan number
- 001
- Plan type
- 2
- Location
- Santa Clara, CA
- Latest filing year
- 2023
- Participants
- 502
- End-of-year plan assets
- $26,164,675
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 502 | H, C | 20241009092825NAL0009072595001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $26,164,675
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,164,675
- Net assets (BOY)
- $21,927,630
Income & contributions
- Employer contributions
- $192,121
- Participant contributions
- $1,663,364
- Total contributions
- $1,943,083
- Total income / additions
- $5,490,725
Expenses & distributions
- Benefits paid
- $1,170,386
- Administrative expenses
- $77,556
- Total expenses
- $1,253,680
- Net increase / (decrease)
- $4,237,045
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $63,555 | $0 | 2023 |
| Abbott, Stringham & Lynch | ACCOUNTANT | $14,000 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |