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STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 401k Plan overview

Plan NameSTATEN ISLAND YACHT SALES, INC. 401(K) PLAN
Plan identification number 001

STATEN ISLAND YACHT SALES, INC. 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.
  • 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

STATEN ISLAND YACHT SALES, INC. has sponsored the creation of one or more 401k plans.

Company Name:STATEN ISLAND YACHT SALES, INC.
Employer identification number (EIN):132514283
NAIC Classification:441222
NAIC Description:Boat Dealers

Additional information about STATEN ISLAND YACHT SALES, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1964-12-29
Company Identification Number: 182586
Legal Registered Office Address: 222 MANSION AVE
Richmond
STATEN ISLAND
United States of America (USA)
10308

More information about STATEN ISLAND YACHT SALES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATEN ISLAND YACHT SALES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01JACQUELINE KUHFAHL
0012023-01-01
0012023-01-01JACQUELINE KUHFAHL
0012022-01-01
0012022-01-01JACQUELINE KUHFAHL
0012021-01-01
0012021-01-01JACQUELINE KUHFAHL
0012020-01-01
0012019-01-01
0012018-01-01FRANK BONGIORNO2019-05-02
0012017-01-01FRANK BONGIORNO2018-07-06
0012016-01-01FRANK BONGIORNO2017-07-19
0012015-01-01FRANK BONGIORNO2016-06-01
0012014-01-01FRANK BONGIORNO2015-06-26
0012013-01-01FRANK BONGIORNO2014-10-03
0012012-01-01FRANK BONGIORNO2013-07-31
0012011-01-01FRANK BONGIORNO2012-07-30
0012010-01-01FRANK BONGIORNO2011-10-17 FRANK BONGIORNO2011-10-17

Plan Statistics for STATEN ISLAND YACHT SALES, INC. 401(K) PLAN

401k plan membership statisitcs for STATEN ISLAND YACHT SALES, INC. 401(K) PLAN

Measure Date Value
2023: STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0140
Total number of active participants reported on line 7a of the Form 55002023-01-0110
Number of other retired or separated participants entitled to future benefits2023-01-0115
Total of all active and inactive participants2023-01-0125
Total participants2023-01-0125
Number of participants with account balances2023-01-0117
2022: STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0133
Total number of active participants reported on line 7a of the Form 55002022-01-0137
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-013
Total of all active and inactive participants2022-01-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0140
Number of participants with account balances2022-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0128
Total number of active participants reported on line 7a of the Form 55002021-01-0130
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-013
Total of all active and inactive participants2021-01-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0133
Number of participants with account balances2021-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0129
Total number of active participants reported on line 7a of the Form 55002020-01-0124
Number of other retired or separated participants entitled to future benefits2020-01-014
Total of all active and inactive participants2020-01-0128
Total participants2020-01-0128
Number of participants with account balances2020-01-0119
2019: STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0136
Total number of active participants reported on line 7a of the Form 55002019-01-0126
Number of other retired or separated participants entitled to future benefits2019-01-013
Total of all active and inactive participants2019-01-0129
Total participants2019-01-0129
Number of participants with account balances2019-01-0117

Financial Data on STATEN ISLAND YACHT SALES, INC. 401(K) PLAN

Measure Date Value
2023 : STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$332,827
Expenses. Total of all expenses incurred2023-12-31$1,091,690
Benefits paid (including direct rollovers)2023-12-31$1,085,657
Total plan assets at end of year2023-12-31$833,369
Total plan assets at beginning of year2023-12-31$1,592,232
Value of fidelity bond covering the plan2023-12-31$450,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$144,570
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$188,257
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$-758,863
Net plan assets at end of year (total assets less liabilities)2023-12-31$833,369
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,592,232
Assets. Value of participant loans2023-12-31$0
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$6,033
2022 : STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$3
Total income from all sources2022-12-31$-85,360
Expenses. Total of all expenses incurred2022-12-31$8,475
Benefits paid (including direct rollovers)2022-12-31$1,614
Total plan assets at end of year2022-12-31$1,592,232
Total plan assets at beginning of year2022-12-31$1,686,070
Value of fidelity bond covering the plan2022-12-31$450,000
Total contributions received or receivable from participants2022-12-31$184,872
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-270,232
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-93,835
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,592,232
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,686,067
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$6,861
2021 : STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$3
Total plan liabilities at beginning of year2021-12-31$7
Total income from all sources2021-12-31$301,503
Expenses. Total of all expenses incurred2021-12-31$27,929
Benefits paid (including direct rollovers)2021-12-31$23,772
Total plan assets at end of year2021-12-31$1,686,070
Total plan assets at beginning of year2021-12-31$1,412,500
Value of fidelity bond covering the plan2021-12-31$450,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$154,730
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$146,773
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$273,574
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,686,067
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,412,493
Assets. Value of participant loans2021-12-31$0
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$0
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$4,157
2020 : STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$7
Total plan liabilities at beginning of year2020-12-31$23
Total income from all sources2020-12-31$259,508
Expenses. Total of all expenses incurred2020-12-31$505,558
Benefits paid (including direct rollovers)2020-12-31$499,350
Total plan assets at end of year2020-12-31$1,412,500
Total plan assets at beginning of year2020-12-31$1,658,566
Value of fidelity bond covering the plan2020-12-31$450,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$128,142
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$131,366
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-246,050
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,412,493
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,658,543
Assets. Value of participant loans2020-12-31$0
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$0
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$6,208
2019 : STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$23
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$386,698
Expenses. Total of all expenses incurred2019-12-31$411,535
Benefits paid (including direct rollovers)2019-12-31$405,352
Total plan assets at end of year2019-12-31$1,658,566
Total plan assets at beginning of year2019-12-31$1,683,380
Value of fidelity bond covering the plan2019-12-31$450,000
Total contributions received or receivable from participants2019-12-31$107,607
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$279,091
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$-24,837
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,658,543
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,683,380
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$6,183

Form 5500 Responses for STATEN ISLAND YACHT SALES, INC. 401(K) PLAN

2023: STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: STATEN ISLAND YACHT SALES, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberGH0262
Policy instance 1

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