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NEW WORLD FREIGHT SYSTEM 401(K) PLAN 401k Plan overview

Plan NameNEW WORLD FREIGHT SYSTEM 401(K) PLAN
Plan identification number 001

NEW WORLD FREIGHT SYSTEM 401(K) 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

PROFES NWFS INC has sponsored the creation of one or more 401k plans.

Company Name:PROFES NWFS INC
Employer identification number (EIN):208980338
NAIC Classification:488510
NAIC Description:Freight Transportation Arrangement

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW WORLD FREIGHT SYSTEM 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01NICK RICE2024-09-02
0012022-07-01SHIRLEY HORNER2023-09-10

Financial Data on NEW WORLD FREIGHT SYSTEM 401(K) PLAN

Measure Date Value
2025 : NEW WORLD FREIGHT SYSTEM 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-1830714
Net assets as of the end of the plan year2025-07-18293481
Total assets as of the beginning of the plan year2025-07-18166780
Value of plan covered by a fidelity bond2025-07-1817000
Participant contributions to plan in this plan year2025-07-1878811
Value of participant loans at end of plan year2025-07-189082
Other income to plan in this plan year2025-07-1832316
Plan net income in this plan year2025-07-18126701
Net assets as of the end of the plan year2025-07-18293481
Net assets as of the beginning of the plan year2025-07-18166780
Employer contributions to plan in this plan year2025-07-1846288
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-182960
2024 : NEW WORLD FREIGHT SYSTEM 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-0216284
Net assets as of the end of the plan year2024-09-02166780
Total assets as of the beginning of the plan year2024-09-0238294
Value of plan covered by a fidelity bond2024-09-024000
Participant contributions to plan in this plan year2024-09-0276027
Value of participant loans at end of plan year2024-09-022857
Other income to plan in this plan year2024-09-0219107
Plan net income in this plan year2024-09-02128486
Net assets as of the end of the plan year2024-09-02166780
Net assets as of the beginning of the plan year2024-09-0238294
Employer contributions to plan in this plan year2024-09-0249636
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-022367

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