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POWERS & SULLIVAN 401(K) PLAN & TRUST 401k Plan overview

Plan NamePOWERS & SULLIVAN 401(K) PLAN & TRUST
Plan identification number 001

POWERS & SULLIVAN 401(K) PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan covering Self-Employed individuals.
  • 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.

401k Sponsoring company profile

POWERS & SULLIVAN, LLC has sponsored the creation of one or more 401k plans.

Company Name:POWERS & SULLIVAN, LLC
Employer identification number (EIN):043106286
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POWERS & SULLIVAN 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01RICHARD L. SULLIVAN2015-09-28
0012013-01-01RICHARD L. SULLIVAN, CPA2014-05-05
0012012-01-01RICHARD L. SULLIVAN, CPA2013-05-31
0012011-01-01RICHARD L. SULLIVAN, CPA2012-06-11
0012010-01-01RICHARD L. SULLIVAN, CPA2011-04-12

Financial Data on POWERS & SULLIVAN 401(K) PLAN & TRUST

Measure Date Value
2024 : POWERS & SULLIVAN 401(K) PLAN & TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-298525525
Net assets as of the end of the plan year2024-07-290
Total assets as of the beginning of the plan year2024-07-297774185
Value of plan covered by a fidelity bond2024-07-29500000
Participant contributions to plan in this plan year2024-07-2922929
Other income to plan in this plan year2024-07-29728411
Plan net income in this plan year2024-07-29-7774185
Net assets as of the end of the plan year2024-07-290
Net assets as of the beginning of the plan year2024-07-297774185
Employer contributions to plan in this plan year2024-07-290
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-2939362
2022 : POWERS & SULLIVAN 401(K) PLAN & TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-2078534
Net assets as of the end of the plan year2022-09-206967724
Total assets as of the beginning of the plan year2022-09-205524072
Value of plan covered by a fidelity bond2022-09-20500000
Participant contributions to plan in this plan year2022-09-20286589
Value of participant loans at end of plan year2022-09-20769
Other income to plan in this plan year2022-09-201057228
Plan net income in this plan year2022-09-201443652
Net assets as of the end of the plan year2022-09-206967724
Net assets as of the beginning of the plan year2022-09-205524072
Employer contributions to plan in this plan year2022-09-20178369
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-2040571

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