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EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC.
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC. 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.
  • 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

NEW START GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW START GROUP, INC.
Employer identification number (EIN):113283794
NAIC Classification:624200

Additional information about NEW START GROUP, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1995-09-22
Company Identification Number: 1958713
Legal Registered Office Address: 575-577 GRAND AVENUE
Kings
BROOKLYN
United States of America (USA)
11238

More information about NEW START GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-07-01MICHELLE HIDALGO2023-10-30 MICHELLE HIDALGO2023-10-30
0012020-07-01ALFRED THOMPSON2022-02-23 ALFRED THOMPSON2022-02-23
0012019-07-01ALFRED THOMPSON2021-03-30 ALFRED THOMPSON2021-03-30
0012018-07-01ALFRED THOMPSON2020-04-10 ALFRED THOMPSON2020-04-10
0012017-07-01ALFRED THOMPSON2019-04-08 ALFRED THOMPSON2019-04-08
0012016-07-01ALFRED THOMPSON2017-09-26 ALFRED THOMPSON2017-09-26
0012015-07-01ALFRED THOMPSON2017-04-13 ALFRED THOMPSON2017-04-13
0012014-07-01ALFRED THOMPSON2016-01-21 ALFRED THOMPSON2016-01-21
0012013-07-01ALFRED THOMPSON2015-01-29 ALFRED THOMPSON2015-01-29
0012012-07-01ALFRED THOMPSON2013-11-13 ALFRED THOMPSON2013-11-13
0012011-07-01ALFRED THOMPSON2012-12-10 ALFRED THOMPSON2012-12-10
0012010-07-01ALFRED THOMPSON2011-12-06 ALFRED THOMPSON2011-12-06
0012009-07-01ALFRED THOMPSON
0012008-07-01ALFRED THOMPSON
0012007-07-01ALFRED THOMPSON

Plan Statistics for EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC.

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC.

Measure Date Value
2009: EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC. 2009 401k membership
Total participants, beginning-of-year2009-07-0112
Total number of active participants reported on line 7a of the Form 55002009-07-015
Number of retired or separated participants receiving benefits2009-07-010
Number of other retired or separated participants entitled to future benefits2009-07-015
Total of all active and inactive participants2009-07-0110
Total participants2009-07-0110
Number of participants with account balances2009-07-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-011
2008: EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC. 2008 401k membership
Total participants, beginning-of-year2008-07-0112
Total number of active participants reported on line 7a of the Form 55002008-07-017
Number of retired or separated participants receiving benefits2008-07-010
Number of other retired or separated participants entitled to future benefits2008-07-015
Total of all active and inactive participants2008-07-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-07-010
Total participants2008-07-0112
Number of participants with account balances2008-07-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-07-011
2007: EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC. 2007 401k membership
Total participants, beginning-of-year2007-07-0113
Total number of active participants reported on line 7a of the Form 55002007-07-015
Number of retired or separated participants receiving benefits2007-07-010
Number of other retired or separated participants entitled to future benefits2007-07-015
Total of all active and inactive participants2007-07-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-07-010
Total participants2007-07-0110
Number of participants with account balances2007-07-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-07-010

Financial Data on EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC.

Measure Date Value
2009 : EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC. 2009 401k financial data
Total plan liabilities at end of year2009-06-30$0
Total plan liabilities at beginning of year2009-06-30$0
Total income from all sources2009-06-30$14,998
Expenses. Total of all expenses incurred2009-06-30$120
Total plan assets at end of year2009-06-30$106,383
Total plan assets at beginning of year2009-06-30$91,505
Value of fidelity bond covering the plan2009-06-30$500,000
Total contributions received or receivable from participants2009-06-30$2,026
Expenses. Other expenses not covered elsewhere2009-06-30$21
Contributions received from other sources (not participants or employers)2009-06-30$1,323
Other income received2009-06-30$1,044
Net income (gross income less expenses)2009-06-30$14,878
Net plan assets at end of year (total assets less liabilities)2009-06-30$106,383
Net plan assets at beginning of year (total assets less liabilities)2009-06-30$91,505
Total contributions received or receivable from employer(s)2009-06-30$10,605
Expenses. Administrative service providers (salaries,fees and commissions)2009-06-30$99
2008 : EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC. 2008 401k financial data
Total plan liabilities at end of year2008-06-30$0
Total plan liabilities at beginning of year2008-06-30$0
Total income from all sources2008-06-30$16,617
Expenses. Total of all expenses incurred2008-06-30$28,828
Benefits paid (including direct rollovers)2008-06-30$27,912
Total plan assets at end of year2008-06-30$91,505
Total plan assets at beginning of year2008-06-30$103,716
Value of fidelity bond covering the plan2008-06-30$500,000
Total contributions received or receivable from participants2008-06-30$2,971
Expenses. Other expenses not covered elsewhere2008-06-30$808
Contributions received from other sources (not participants or employers)2008-06-30$1,063
Other income received2008-06-30$2,464
Net income (gross income less expenses)2008-06-30$-12,211
Net plan assets at end of year (total assets less liabilities)2008-06-30$91,505
Net plan assets at beginning of year (total assets less liabilities)2008-06-30$103,716
Total contributions received or receivable from employer(s)2008-06-30$10,119
Expenses. Administrative service providers (salaries,fees and commissions)2008-06-30$108
2007 : EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC. 2007 401k financial data
Total plan liabilities at end of year2007-06-30$0
Total plan liabilities at beginning of year2007-06-30$0
Total income from all sources2007-06-30$22,952
Expenses. Total of all expenses incurred2007-06-30$37,553
Benefits paid (including direct rollovers)2007-06-30$33,629
Total plan assets at end of year2007-06-30$103,716
Total plan assets at beginning of year2007-06-30$118,317
Value of fidelity bond covering the plan2007-06-30$500,000
Total contributions received or receivable from participants2007-06-30$3,821
Expenses. Other expenses not covered elsewhere2007-06-30$3,789
Contributions received from other sources (not participants or employers)2007-06-30$2,168
Other income received2007-06-30$4,742
Net income (gross income less expenses)2007-06-30$-14,601
Net plan assets at end of year (total assets less liabilities)2007-06-30$103,716
Net plan assets at beginning of year (total assets less liabilities)2007-06-30$118,317
Total contributions received or receivable from employer(s)2007-06-30$12,221
Expenses. Administrative service providers (salaries,fees and commissions)2007-06-30$135

Form 5500 Responses for EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC.

2009: EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC. 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedNo
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)No
2009-07-01Plan is a collectively bargained planNo
2009-07-01Plan funding arrangement – InsuranceYes
2009-07-01Plan benefit arrangement – InsuranceYes
2008: EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC. 2008 form 5500 responses
2008-07-01Type of plan entitySingle employer plan
2008-07-01Submission has been amendedNo
2008-07-01This submission is the final filingNo
2008-07-01This return/report is a short plan year return/report (less than 12 months)No
2008-07-01Plan is a collectively bargained planNo
2008-07-01Plan funding arrangement – InsuranceYes
2008-07-01Plan benefit arrangement – InsuranceYes
2007: EMPLOYEE BENEFIT PLAN OF NEW START GROUP, INC. 2007 form 5500 responses
2007-07-01Type of plan entitySingle employer plan
2007-07-01Submission has been amendedNo
2007-07-01This submission is the final filingNo
2007-07-01This return/report is a short plan year return/report (less than 12 months)No
2007-07-01Plan is a collectively bargained planNo
2007-07-01Plan funding arrangement – InsuranceYes
2007-07-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number054493K
Policy instance 1
Insurance contract or identification number054493K
Number of Individuals Covered10
Insurance policy start date2006-07-01
Insurance policy end date2007-06-30
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $100
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees62
Additional information about fees paid to insurance brokerCOMPENSATION
Insurance broker organization code?3
Insurance broker nameVINCENT DRAGONE

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