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THE RICHARD FRANCO AGENCY, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE RICHARD FRANCO AGENCY, INC. PROFIT SHARING PLAN
Plan identification number 002

THE RICHARD FRANCO AGENCY, INC. 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.

401k Sponsoring company profile

THE RICHARD FRANCO AGENCY, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE RICHARD FRANCO AGENCY, INC.
Employer identification number (EIN):132546025
NAIC Classification:424400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RICHARD FRANCO AGENCY, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01KEVIN TEEVAN2024-06-21
0022022-01-01KEVIN TEEVAN2023-07-18
0022021-01-01JAMES GANGUZZA2022-07-25
0022020-01-01JAMES GANGUZZA2021-06-25
0022019-01-01JAMES GANGUZZA2020-07-25
0022018-01-01JAMES GANGUZZA2019-06-21
0022017-01-01JAMES GANGUZZA2018-05-21
0022016-01-01JAMES GANGUZZA2017-06-21
0022015-01-01JAMES GANGUZZA2016-06-07
0022014-01-01JAMES GANGUZZA2015-06-26
0022013-01-01GREG PARA2014-07-25
0022012-01-01GREG PARA2013-07-26
0022011-01-01MARC ROSENBLATT2012-06-20
0022010-01-01MARC ROSENBLATT2011-06-28

Financial Data on THE RICHARD FRANCO AGENCY, INC. PROFIT SHARING PLAN

Measure Date Value
2025 : THE RICHARD FRANCO AGENCY, INC. PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-26744112
Net assets as of the end of the plan year2025-06-269220857
Total assets as of the beginning of the plan year2025-06-267972938
Value of plan covered by a fidelity bond2025-06-26500000
Participant contributions to plan in this plan year2025-06-26317017
Value of participant loans at end of plan year2025-06-2612662
Other income to plan in this plan year2025-06-261383133
Plan net income in this plan year2025-06-261247919
Net assets as of the end of the plan year2025-06-269220857
Net assets as of the beginning of the plan year2025-06-267972938
Employer contributions to plan in this plan year2025-06-26291881
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-2627614
2024 : THE RICHARD FRANCO AGENCY, INC. PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-21245854
Net assets as of the end of the plan year2024-06-217972938
Total assets as of the beginning of the plan year2024-06-216288063
Value of plan covered by a fidelity bond2024-06-21500000
Participant contributions to plan in this plan year2024-06-21325340
Value of participant loans at end of plan year2024-06-2119573
Other income to plan in this plan year2024-06-211332682
Plan net income in this plan year2024-06-211684875
Net assets as of the end of the plan year2024-06-217972938
Net assets as of the beginning of the plan year2024-06-216288063
Employer contributions to plan in this plan year2024-06-21272707
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-2120940

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