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NEW WAY SERVICES, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameNEW WAY SERVICES, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

NEW WAY SERVICES, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

NEW WAY SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW WAY SERVICES, INC.
Employer identification number (EIN):020575649
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about NEW WAY SERVICES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1977-04-06
Company Identification Number: 531522
Legal Registered Office Address: 5793 STONE RIDGE COURT

ORLANDO

32809

More information about NEW WAY SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW WAY SERVICES, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01LUPE HENRY2017-05-22
0012015-01-01
0012014-01-01LUPE HENRY2015-10-08
0012013-01-01LUPE HENRY2014-05-27
0012012-01-01LUPE HENRY2013-07-31
0012011-01-01LUPE HENRY2012-10-07
0012010-01-01LUPE HENRY2011-10-17

Financial Data on NEW WAY SERVICES, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2025 : NEW WAY SERVICES, INC. 401K PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-05-010
Total expenses incurred by plan in this plan year2025-05-01310
Net assets as of the end of the plan year2025-05-011779029
Total assets as of the beginning of the plan year2025-05-011522959
Value of plan covered by a fidelity bond2025-05-01150000
Participant contributions to plan in this plan year2025-05-0154829
Value of participant loans at end of plan year2025-05-0129224
Other income to plan in this plan year2025-05-01175717
Plan net income in this plan year2025-05-01256070
Net assets as of the end of the plan year2025-05-011779029
Net assets as of the beginning of the plan year2025-05-011522959
Employer contributions to plan in this plan year2025-05-0125834
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-01310
2024 : NEW WAY SERVICES, INC. 401K PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-04-0349342
Net assets as of the end of the plan year2024-04-031522959
Total assets as of the beginning of the plan year2024-04-031305691
Value of plan covered by a fidelity bond2024-04-03150000
Participant contributions to plan in this plan year2024-04-0349260
Value of participant loans at end of plan year2024-04-0314097
Other income to plan in this plan year2024-04-03196256
Plan net income in this plan year2024-04-03217268
Net assets as of the end of the plan year2024-04-031522959
Net assets as of the beginning of the plan year2024-04-031305691
Employer contributions to plan in this plan year2024-04-0321094
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-03570

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