Southern Spring and Stamping, Inc.Profit-sharing plan
SOUTHERN SPRING AND STAMPING, INC. PROFIT SHARING PLAN · VENICE, FL · plan year 2023
Southern Spring and Stamping, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $5,723,857 across 129 participant accounts, with employer contributions averaging $5,095 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 2 years on file its reported administrative ratio rose from 0.00% to 0.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Florida (2,370th of 3,644), and 10,838th of 13,661 in manufacturing.
Southern Spring and Stamping, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 590816257 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.