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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
  • 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.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DAVID MALKIN2024-10-10
0012022-01-01DAVID MALKIN2023-08-01
0012021-01-01DAVID MALKIN2022-04-27
0012020-01-01DAVID MALKIN2021-05-13

Plan Statistics for

401k plan membership statisitcs for

Measure Date Value
2024: 2024 401k membership
Total number of particpants at beginning of year2024-10-102
Total number of particpants at end of year2024-10-102
Number of Participants With Account Balances2024-10-102
2022: 2022 401k membership
Total number of particpants at beginning of year2022-04-273
Total number of particpants at end of year2022-04-272
Number of Participants With Account Balances2022-04-272

Financial Data on

Measure Date Value
2024 : 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-100
Total liabilities as of the end of the plan year2024-10-100
Total liabilities as of the beginning of the plan year2024-10-100
Total expenses incurred by plan in this plan year2024-10-109339
Net assets as of the end of the plan year2024-10-10427177
Total assets as of the beginning of the plan year2024-10-10285640
Participant contributions to plan in this plan year2024-10-1052500
Other expenses paid from plan in this plan year2024-10-100
Other contributions to plan in this plan year2024-10-100
Other income to plan in this plan year2024-10-1058776
Plan net income in this plan year2024-10-10141537
Net assets as of the end of the plan year2024-10-10427177
Net assets as of the beginning of the plan year2024-10-10285640
Employer contributions to plan in this plan year2024-10-1039600
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-100
2022 : 2022 401k financial data
Total transfers to/from plan in this plan year2022-04-270
Total liabilities as of the end of the plan year2022-04-270
Total liabilities as of the beginning of the plan year2022-04-270
Total expenses incurred by plan in this plan year2022-04-275947
Net assets as of the end of the plan year2022-04-27257041
Total assets as of the beginning of the plan year2022-04-27187105
Participant contributions to plan in this plan year2022-04-2726000
Other expenses paid from plan in this plan year2022-04-270
Other contributions to plan in this plan year2022-04-270
Other income to plan in this plan year2022-04-2720063
Plan net income in this plan year2022-04-2769936
Net assets as of the end of the plan year2022-04-27257041
Net assets as of the beginning of the plan year2022-04-27187105
Employer contributions to plan in this plan year2022-04-2729820
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-270

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