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BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN 401k Plan overview

Plan NameBENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN
Plan identification number 001

BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

BENEFITS MANAGEMENT, INC. has sponsored the creation of one or more 401k plans.

Company Name:BENEFITS MANAGEMENT, INC.
Employer identification number (EIN):222940440
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about BENEFITS MANAGEMENT, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1988-11-17
Company Identification Number: 1307009
Legal Registered Office Address: 355 Packett's Landing
Monroe
Fairport
United States of America (USA)
14450

More information about BENEFITS MANAGEMENT, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MICHAEL A. GALLAGHER2024-09-24
0012022-01-01MICHAEL A. GALLAGHER2023-10-05
0012021-01-01MICHAEL A. GALLAGHER2022-10-04
0012020-01-01MICHAEL A. GALLAGHER2021-09-28
0012019-01-01MICHAEL A. GALLAGHER2020-10-13
0012018-01-01MICHAEL A. GALLAGHER2019-10-14
0012017-01-01MICHAEL A. GALLAGHER2018-10-11
0012016-01-01MICHAEL A. GALLAGHER2017-10-16
0012015-01-01MICHAEL A. GALLAGHER2016-10-14
0012014-01-01MICHAEL A. GALLAGHER2015-10-15
0012013-01-01MICHAEL A. GALLAGHER2014-10-14
0012012-01-01MICHAEL A. GALLAGHER2013-10-14
0012011-01-01MICHAEL A. GALLAGHER2012-10-09
0012010-01-01MICHAEL A. GALLAGHER2011-10-14
0012009-01-01MICHAEL A GALLAGHER MICHAEL A GALLAGHER2010-04-07

Plan Statistics for BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN

401k plan membership statisitcs for BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN

Measure Date Value
2025: BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-064
Total number of particpants at end of year2025-06-062
Number of Participants With Account Balances2025-06-062
2024: BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN 2024 401k membership
Total number of particpants at beginning of year2024-09-244
Total number of particpants at end of year2024-09-244
Number of Participants With Account Balances2024-09-243
2022: BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN 2022 401k membership
Total number of particpants at beginning of year2022-10-044
Total number of particpants at end of year2022-10-044
Number of Participants With Account Balances2022-10-044
2009: BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-014
Total number of active participants reported on line 7a of the Form 55002009-01-014
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-014
Number of participants with account balances2009-01-014

Financial Data on BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN

Measure Date Value
2025 : BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-060
Total liabilities as of the end of the plan year2025-06-060
Total liabilities as of the beginning of the plan year2025-06-060
Total expenses incurred by plan in this plan year2025-06-06701063
Net assets as of the end of the plan year2025-06-06117361
Total assets as of the beginning of the plan year2025-06-06822792
Value of plan covered by a fidelity bond2025-06-06230000
Participant contributions to plan in this plan year2025-06-060
Other expenses paid from plan in this plan year2025-06-060
Other contributions to plan in this plan year2025-06-060
Other income to plan in this plan year2025-06-06-4368
Plan net income in this plan year2025-06-06-705431
Net assets as of the end of the plan year2025-06-06117361
Net assets as of the beginning of the plan year2025-06-06822792
Employer contributions to plan in this plan year2025-06-060
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-0625
2024 : BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-09-240
Total liabilities as of the beginning of the plan year2024-09-240
Total expenses incurred by plan in this plan year2024-09-24409226
Net assets as of the end of the plan year2024-09-24822792
Total assets as of the beginning of the plan year2024-09-24942711
Value of plan covered by a fidelity bond2024-09-24230000
Participant contributions to plan in this plan year2024-09-240
Other expenses paid from plan in this plan year2024-09-240
Other contributions to plan in this plan year2024-09-240
Other income to plan in this plan year2024-09-24289307
Plan net income in this plan year2024-09-24-119919
Net assets as of the end of the plan year2024-09-24822792
Net assets as of the beginning of the plan year2024-09-24942711
Employer contributions to plan in this plan year2024-09-240
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-2425
2022 : BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN 2022 401k financial data
Total liabilities as of the end of the plan year2022-10-040
Total liabilities as of the beginning of the plan year2022-10-040
Total expenses incurred by plan in this plan year2022-10-041273941
Net assets as of the end of the plan year2022-10-041371583
Total assets as of the beginning of the plan year2022-10-042297185
Value of plan covered by a fidelity bond2022-10-04230000
Participant contributions to plan in this plan year2022-10-044800
Other expenses paid from plan in this plan year2022-10-040
Other contributions to plan in this plan year2022-10-040
Other income to plan in this plan year2022-10-04328684
Plan net income in this plan year2022-10-04-925602
Net assets as of the end of the plan year2022-10-041371583
Net assets as of the beginning of the plan year2022-10-042297185
Employer contributions to plan in this plan year2022-10-0414855
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-04280

Form 5500 Responses for BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN

2009: BENEFITS MANAGEMENT, INC. PROFIT SHARING & SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
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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