Incentive Profit Sharing Plan for Employees of Sealing Devices Inc.

What the Filing Says About Incentive Profit Sharing Plan for Employees of Sealing Devices Inc.

Incentive Profit Sharing Plan for Employees of Sealing Devices Inc. is a 401(k) retirement plan sponsored by Sealing Devices Inc., headquartered in New York. As of the 2023 Form 5500 filing, the plan reports $41M in total end-of-year assets and covers 174 participants across the Wholesale Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 160902968, and the plan has been effective since 1966-10-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $34M at the beginning of 2023 to $41M at year-end — a gain of 20.4%. Net assets (after liabilities) closed the year at $41M, with reported net income of $7M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.