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THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC. 401k Plan overview

Plan NameTHE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC.
Plan identification number 001

THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC. 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

ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC. has sponsored the creation of one or more 401k plans.

Company Name:ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC.
Employer identification number (EIN):221923699
NAIC Classification:624100
NAIC Description: Individual and Family Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01AARON SOTO2021-05-07
0012018-01-01AARON SOTO2019-04-10
0012017-01-01AARON SOTO2018-04-10
0012017-01-01AARON SOTO2018-04-24
0012016-01-01AARON SOTO2017-03-29
0012015-01-01AARON SOTO2016-04-05
0012014-01-01AARON SOTO2015-04-14
0012013-01-01AARON SOTO2014-04-21
0012012-01-01AARON SOTO2013-03-15
0012011-01-01AARON SOTO2012-04-26
0012010-01-01AARON SOTO2011-03-14

Plan Statistics for THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC.

401k plan membership statisitcs for THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC.

Measure Date Value
2022: THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC. 2022 401k membership
Total participants, beginning-of-year2022-01-01125
Total number of active participants reported on line 7a of the Form 55002022-01-01120
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0114
Total of all active and inactive participants2022-01-01134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01135
Number of participants with account balances2022-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC. 2021 401k membership
Total participants, beginning-of-year2021-01-01127
Total number of active participants reported on line 7a of the Form 55002021-01-01110
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0114
Total of all active and inactive participants2021-01-01124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01125
Number of participants with account balances2021-01-0165
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC.

Measure Date Value
2022 : THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC. 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-53,690
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$112,529
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$91,626
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$143,343
Value of total assets at end of year2022-12-31$1,218,009
Value of total assets at beginning of year2022-12-31$1,384,228
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$20,903
Total interest from all sources2022-12-31$3,845
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$18,220
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$80,244
Participant contributions at end of year2022-12-31$87,050
Participant contributions at beginning of year2022-12-31$60,138
Participant contributions at beginning of year2022-12-31$21
Other income not declared elsewhere2022-12-31$1,100
Total non interest bearing cash at end of year2022-12-31$6,245
Total non interest bearing cash at beginning of year2022-12-31$24,465
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-166,219
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,218,009
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$1,384,228
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$1,061,615
Value of interest in pooled separate accounts at beginning of year2022-12-31$1,230,541
Interest on participant loans2022-12-31$3,845
Net investment gain/loss from pooled separate accounts2022-12-31$-201,978
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$63,099
Employer contributions (assets) at end of year2022-12-31$63,099
Employer contributions (assets) at beginning of year2022-12-31$69,063
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$91,626
Contract administrator fees2022-12-31$2,683
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31WITHUMSMITH & BROWN
Accountancy firm EIN2022-12-31222027092
2021 : THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC. 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$278,412
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$54,601
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$48,497
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$163,322
Value of total assets at end of year2021-12-31$1,384,228
Value of total assets at beginning of year2021-12-31$1,160,417
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$6,104
Total interest from all sources2021-12-31$3,343
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31No
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$94,259
Participant contributions at end of year2021-12-31$60,138
Participant contributions at beginning of year2021-12-31$70,385
Participant contributions at end of year2021-12-31$21
Other income not declared elsewhere2021-12-31$505
Total non interest bearing cash at end of year2021-12-31$24,465
Total non interest bearing cash at beginning of year2021-12-31$27,941
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$223,811
Value of net assets at end of year (total assets less liabilities)2021-12-31$1,384,228
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,160,417
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$1,230,541
Value of interest in pooled separate accounts at beginning of year2021-12-31$1,003,257
Interest on participant loans2021-12-31$3,343
Net investment gain/loss from pooled separate accounts2021-12-31$111,242
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$69,063
Employer contributions (assets) at end of year2021-12-31$69,063
Employer contributions (assets) at beginning of year2021-12-31$58,834
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$48,497
Contract administrator fees2021-12-31$6,104
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31WITHUMSMITH & BROWN
Accountancy firm EIN2021-12-31222027092

Form 5500 Responses for THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC.

2022: THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC. 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE 401(K) PROFIT SHARING PLAN OF THE ASSOCIATION FOR THE MULTIPLE IMPAIRED BLIND, INC. 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number100433
Policy instance 1
Insurance contract or identification number100433
Number of Individuals Covered62
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $4,448
Total amount of fees paid to insurance companyUSD $1,695
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees1695
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number100433
Policy instance 1
Insurance contract or identification number100433
Number of Individuals Covered65
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $4,519
Total amount of fees paid to insurance companyUSD $1,398
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $4,519
Insurance broker organization code?3
Amount paid for insurance broker fees1398

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