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PMI RETIREMENT PLAN 401k Plan overview

Plan NamePMI RETIREMENT PLAN
Plan identification number 001

PMI RETIREMENT PLAN 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
  • 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

PRAYER MINISTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:PRAYER MINISTRIES, INC.
Employer identification number (EIN):222414234
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PMI RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-09-01

Financial Data on PMI RETIREMENT PLAN

Measure Date Value
2025 : PMI RETIREMENT PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-1331075
Net assets as of the end of the plan year2025-10-13384745
Total assets as of the beginning of the plan year2025-10-13122134
Value of plan covered by a fidelity bond2025-10-1350000
Participant contributions to plan in this plan year2025-10-1329268
Other contributions to plan in this plan year2025-10-13220405
Other income to plan in this plan year2025-10-1330831
Plan net income in this plan year2025-10-13262611
Net assets as of the end of the plan year2025-10-13384745
Net assets as of the beginning of the plan year2025-10-13122134
Employer contributions to plan in this plan year2025-10-1313182
Fees paid to broker by Benefit Provider2025-10-132964
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-137663
2024 : PMI RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-232764
Net assets as of the end of the plan year2024-09-23122134
Total assets as of the beginning of the plan year2024-09-2372135
Value of plan covered by a fidelity bond2024-09-2350000
Participant contributions to plan in this plan year2024-09-2322218
Other contributions to plan in this plan year2024-09-235737
Other income to plan in this plan year2024-09-2313150
Plan net income in this plan year2024-09-2349999
Net assets as of the end of the plan year2024-09-23122134
Net assets as of the beginning of the plan year2024-09-2372135
Employer contributions to plan in this plan year2024-09-2311658
Fees paid to broker by Benefit Provider2024-09-23933
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-232764
2022 : PMI RETIREMENT PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-2814450
Net assets as of the end of the plan year2022-09-2888387
Total assets as of the beginning of the plan year2022-09-2860920
Value of plan covered by a fidelity bond2022-09-2850000
Participant contributions to plan in this plan year2022-09-2817749
Other contributions to plan in this plan year2022-09-281481
Other income to plan in this plan year2022-09-288963
Plan net income in this plan year2022-09-2827467
Net assets as of the end of the plan year2022-09-2888387
Net assets as of the beginning of the plan year2022-09-2860920
Employer contributions to plan in this plan year2022-09-2813724
Fees paid to broker by Benefit Provider2022-09-282757
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-282757

Potentially related plans

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