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LAW OFFICES OF RICHARD PALUMBO, LLC 401(K) PLAN 401k Plan overview

Plan NameLAW OFFICES OF RICHARD PALUMBO, LLC 401(K) PLAN
Plan identification number 001

LAW OFFICES OF RICHARD PALUMBO, LLC 401(K) 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.
  • 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

LAW OFFICES OF RICHARD PALUMBO, LLC has sponsored the creation of one or more 401k plans.

Company Name:LAW OFFICES OF RICHARD PALUMBO, LLC
Employer identification number (EIN):043806546
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAW OFFICES OF RICHARD PALUMBO, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RICHARD PALUMBO2024-10-10 RICHARD PALUMBO2024-10-10
0012022-01-01RICHARD E PALUMBO JR2023-10-16 RICHARD E PALUMBO JR2023-10-16
0012021-01-01RICHARD PALUMBO2022-10-08 RICHARD PALUMBO2022-10-08
0012021-01-01RICHARD PALUMBO2022-10-08 RICHARD PALUMBO2022-10-08
0012020-01-01RICHARD PALUMBO2021-10-12 RICHARD PALUMBO2021-10-12
0012019-01-01RICHARD PALUMBO2020-10-14 RICHARD PALUMBO2020-10-14
0012018-01-01RICHARD PALUMBO2019-10-08 RICHARD PALUMBO2019-10-08
0012017-01-01RICHARD PALUMBO2018-09-17 RICHARD PALUMBO2018-09-17
0012016-01-01RICHARD PALUMBO2017-10-05 RICHARD PALUMBO2017-10-05
0012015-01-01RICHARD PALUMBO2016-10-12 RICHARD PALUMBO2016-10-12
0012014-01-01RICHARD PALUMBO2015-07-28 RICHARD PALUMBO2015-07-28

Plan Statistics for LAW OFFICES OF RICHARD PALUMBO, LLC 401(K) PLAN

401k plan membership statisitcs for LAW OFFICES OF RICHARD PALUMBO, LLC 401(K) PLAN

Measure Date Value
2025: LAW OFFICES OF RICHARD PALUMBO, LLC 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-1424
Total number of particpants at end of year2025-10-1423
Number of Participants With Account Balances2025-10-1423
2024: LAW OFFICES OF RICHARD PALUMBO, LLC 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-1022
Total number of particpants at end of year2024-10-1020
Number of Participants With Account Balances2024-10-1020

Financial Data on LAW OFFICES OF RICHARD PALUMBO, LLC 401(K) PLAN

Measure Date Value
2025 : LAW OFFICES OF RICHARD PALUMBO, LLC 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-10-140
Total expenses incurred by plan in this plan year2025-10-1488647
Net assets as of the end of the plan year2025-10-141314377
Total assets as of the beginning of the plan year2025-10-141023704
Value of plan covered by a fidelity bond2025-10-14250000
Participant contributions to plan in this plan year2025-10-14149658
Other income to plan in this plan year2025-10-14129279
Plan net income in this plan year2025-10-14290673
Net assets as of the end of the plan year2025-10-141314377
Net assets as of the beginning of the plan year2025-10-141023704
Employer contributions to plan in this plan year2025-10-14100383
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-142275
2024 : LAW OFFICES OF RICHARD PALUMBO, LLC 401(K) PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-10-100
Total expenses incurred by plan in this plan year2024-10-10511831
Net assets as of the end of the plan year2024-10-101023704
Total assets as of the beginning of the plan year2024-10-101158684
Value of plan covered by a fidelity bond2024-10-10250000
Participant contributions to plan in this plan year2024-10-10105166
Other income to plan in this plan year2024-10-10172365
Plan net income in this plan year2024-10-10-134980
Net assets as of the end of the plan year2024-10-101023704
Net assets as of the beginning of the plan year2024-10-101158684
Employer contributions to plan in this plan year2024-10-1099320
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-10400

Potentially related plans

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