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PARK ENTERPRISES/SYSTEMS PROFIT SHARING PLAN 401k Plan overview

Plan NamePARK ENTERPRISES/SYSTEMS PROFIT SHARING PLAN
Plan identification number 002

PARK ENTERPRISES/SYSTEMS PROFIT SHARING PLAN 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PARK ENTERPRISES OF ROCHESTER, INC. PARK SYSTEMS OF NEW YORK, INC. has sponsored the creation of one or more 401k plans.

Company Name:PARK ENTERPRISES OF ROCHESTER, INC. PARK SYSTEMS OF NEW YORK, INC.
Employer identification number (EIN):161386617
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARK ENTERPRISES/SYSTEMS PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01HYOSIK PARK2024-09-25
0022022-01-01HYOSIK PARK2023-04-17
0022021-01-01HYOSIK PARK2022-07-12

Financial Data on PARK ENTERPRISES/SYSTEMS PROFIT SHARING PLAN

Measure Date Value
2025 : PARK ENTERPRISES/SYSTEMS PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-020
Total liabilities as of the end of the plan year2025-10-020
Total liabilities as of the beginning of the plan year2025-10-020
Total expenses incurred by plan in this plan year2025-10-0248991
Net assets as of the end of the plan year2025-10-021547318
Total assets as of the beginning of the plan year2025-10-021292507
Value of plan covered by a fidelity bond2025-10-02155000
Participant contributions to plan in this plan year2025-10-0279033
Other expenses paid from plan in this plan year2025-10-020
Other contributions to plan in this plan year2025-10-020
Other income to plan in this plan year2025-10-02224769
Plan net income in this plan year2025-10-02254811
Net assets as of the end of the plan year2025-10-021547318
Net assets as of the beginning of the plan year2025-10-021292507
Employer contributions to plan in this plan year2025-10-020
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-026541
2024 : PARK ENTERPRISES/SYSTEMS PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-09-250
Total liabilities as of the beginning of the plan year2024-09-250
Total expenses incurred by plan in this plan year2024-09-255725
Net assets as of the end of the plan year2024-09-251292507
Total assets as of the beginning of the plan year2024-09-251016326
Value of plan covered by a fidelity bond2024-09-25500000
Participant contributions to plan in this plan year2024-09-2571661
Other expenses paid from plan in this plan year2024-09-250
Other contributions to plan in this plan year2024-09-250
Other income to plan in this plan year2024-09-25210245
Plan net income in this plan year2024-09-25276181
Net assets as of the end of the plan year2024-09-251292507
Net assets as of the beginning of the plan year2024-09-251016326
Employer contributions to plan in this plan year2024-09-250
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-255725

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