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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
  • 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.

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
0202023-01-01MELISSA VERSNIK2024-06-14
0202022-01-01MELISSA VERSNIK2023-06-23
0202021-01-01NEIL SHIFMAN2022-06-27
0202020-01-01NEIL SHIFMAN2021-05-19

Plan Statistics for

401k plan membership statisitcs for

Measure Date Value
2025: 2025 401k membership
Total number of particpants at beginning of year2025-07-1032
Total number of particpants at end of year2025-07-1030
Number of Participants With Account Balances2025-07-1027
2024: 2024 401k membership
Total number of particpants at beginning of year2024-06-1439
Total number of particpants at end of year2024-06-1431
Number of Participants With Account Balances2024-06-1423
2022: 2022 401k membership
Total number of particpants at beginning of year2022-06-2732
Total number of particpants at end of year2022-06-2733
Number of Participants With Account Balances2022-06-2721

Financial Data on

Measure Date Value
2025 : 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-1018155
Net assets as of the end of the plan year2025-07-10663758
Total assets as of the beginning of the plan year2025-07-10498881
Value of plan covered by a fidelity bond2025-07-1050000
Participant contributions to plan in this plan year2025-07-1070413
Value of participant loans at end of plan year2025-07-1050685
Other income to plan in this plan year2025-07-1069594
Plan net income in this plan year2025-07-10164877
Net assets as of the end of the plan year2025-07-10663758
Net assets as of the beginning of the plan year2025-07-10498881
Employer contributions to plan in this plan year2025-07-1043025
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-105294
2024 : 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-1449626
Net assets as of the end of the plan year2024-06-14498881
Total assets as of the beginning of the plan year2024-06-14346084
Value of plan covered by a fidelity bond2024-06-1450000
Participant contributions to plan in this plan year2024-06-1484320
Other income to plan in this plan year2024-06-1466217
Plan net income in this plan year2024-06-14152797
Net assets as of the end of the plan year2024-06-14498881
Net assets as of the beginning of the plan year2024-06-14346084
Employer contributions to plan in this plan year2024-06-1451886
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-143841
2022 : 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-276048
Net assets as of the end of the plan year2022-06-27280782
Total assets as of the beginning of the plan year2022-06-27145004
Value of plan covered by a fidelity bond2022-06-2750000
Participant contributions to plan in this plan year2022-06-2765973
Other income to plan in this plan year2022-06-2733390
Plan net income in this plan year2022-06-27135778
Net assets as of the end of the plan year2022-06-27280782
Net assets as of the beginning of the plan year2022-06-27145004
Employer contributions to plan in this plan year2022-06-2742463
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-271688

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