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WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameWORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN
Plan identification number 001

WORLD CLASS TAE KWON DO CENTER 401(K) 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.
  • 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

WORLD CLASS TAE KWON DO CENTER has sponsored the creation of one or more 401k plans.

Company Name:WORLD CLASS TAE KWON DO CENTER
Employer identification number (EIN):161582493
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ALISA MERTENS2024-04-14
0012011-01-01MICHAEL J MERTENS2012-04-16
0012010-01-01MICHAEL MERTENS2011-07-21
0012009-01-01MICHAEL J MERTENS
0012009-01-01MICHAEL J MERTENS

Plan Statistics for WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN

Measure Date Value
2025: WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-0753
Total number of particpants at end of year2025-04-0764
Number of Participants With Account Balances2025-04-075
2024: WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-04-1457
Total number of particpants at end of year2024-04-1451
Number of Participants With Account Balances2024-04-144
2009: WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0125
Total number of active participants reported on line 7a of the Form 55002009-01-0125
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-013
Total of all active and inactive participants2009-01-0128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0128
Number of participants with account balances2009-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-070
Total liabilities as of the end of the plan year2025-04-070
Total liabilities as of the beginning of the plan year2025-04-070
Total expenses incurred by plan in this plan year2025-04-0710856
Net assets as of the end of the plan year2025-04-07967530
Total assets as of the beginning of the plan year2025-04-07805818
Value of plan covered by a fidelity bond2025-04-0785000
Participant contributions to plan in this plan year2025-04-0725855
Value of participant loans at end of plan year2025-04-0745619
Other expenses paid from plan in this plan year2025-04-070
Other contributions to plan in this plan year2025-04-0720231
Other income to plan in this plan year2025-04-07121848
Plan net income in this plan year2025-04-07161712
Net assets as of the end of the plan year2025-04-07967530
Net assets as of the beginning of the plan year2025-04-07805818
Employer contributions to plan in this plan year2025-04-074634
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-0710856
2024 : WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-140
Total liabilities as of the end of the plan year2024-04-140
Total liabilities as of the beginning of the plan year2024-04-140
Total expenses incurred by plan in this plan year2024-04-14518
Net assets as of the end of the plan year2024-04-14805818
Total assets as of the beginning of the plan year2024-04-140
Value of plan covered by a fidelity bond2024-04-1485000
Participant contributions to plan in this plan year2024-04-1429343
Other expenses paid from plan in this plan year2024-04-140
Other contributions to plan in this plan year2024-04-14730700
Other income to plan in this plan year2024-04-1443098
Plan net income in this plan year2024-04-14805818
Net assets as of the end of the plan year2024-04-14805818
Net assets as of the beginning of the plan year2024-04-140
Employer contributions to plan in this plan year2024-04-143195
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-14518
2009 : WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN

2009: WORLD CLASS TAE KWON DO CENTER 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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