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JOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN 401k Plan overview

Plan NameJOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN
Plan identification number 001

JOHN P. PAONE, JR., P.C. PROFIT SHARING 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

JOHN P PAONE, JR, PC has sponsored the creation of one or more 401k plans.

Company Name:JOHN P PAONE, JR, PC
Employer identification number (EIN):222949852
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JOHN PAONE2024-07-02
0012022-01-01JOHN PAONE2023-07-05
0012021-01-01JOHN PAONE2022-03-27
0012020-01-01JOHN PAONE2021-07-23
0012019-01-01JOHN PAONE2020-04-24
0012018-01-01JOHN PAONE2019-07-19
0012017-01-01JOHN PAONE2018-07-18
0012016-01-01JOHN PAONE2017-07-25
0012015-01-01JOHN PAONE2016-06-26
0012014-01-01JOHN PAONE2015-04-23 JOHN PAONE2015-04-23
0012013-01-01JOHN P PAONE2014-03-27 JOHN P PAONE2014-03-27
0012012-01-01JOHN PAONE2013-07-26 JOHN PAONE2013-07-26
0012011-01-01JOHN PAONE2012-07-27 JOHN PAONE2012-07-27
0012010-01-01JOHN P. PAONE, JR., PC2011-08-02 JOHN P. PAONE, JR., PC2011-08-02

Plan Statistics for JOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN

401k plan membership statisitcs for JOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN

Measure Date Value
2025: JOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-238
Total number of particpants at end of year2025-04-238
Number of Participants With Account Balances2025-04-238
2024: JOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-028
Total number of particpants at end of year2024-07-028
Number of Participants With Account Balances2024-07-028
2022: JOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-03-279
Total number of particpants at end of year2022-03-279
Number of Participants With Account Balances2022-03-279

Financial Data on JOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN

Measure Date Value
2025 : JOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-230
Total liabilities as of the end of the plan year2025-04-230
Total liabilities as of the beginning of the plan year2025-04-230
Total expenses incurred by plan in this plan year2025-04-2313578
Net assets as of the end of the plan year2025-04-233436119
Total assets as of the beginning of the plan year2025-04-232645511
Value of plan covered by a fidelity bond2025-04-230
Participant contributions to plan in this plan year2025-04-23111029
Value of participant loans at end of plan year2025-04-2316283
Other expenses paid from plan in this plan year2025-04-230
Other contributions to plan in this plan year2025-04-230
Other income to plan in this plan year2025-04-23630682
Plan net income in this plan year2025-04-23790608
Net assets as of the end of the plan year2025-04-233436119
Net assets as of the beginning of the plan year2025-04-232645511
Employer contributions to plan in this plan year2025-04-2362475
Fees paid to broker by Benefit Provider2025-04-230
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-2313578
2024 : JOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-020
Total liabilities as of the end of the plan year2024-07-020
Total liabilities as of the beginning of the plan year2024-07-020
Total expenses incurred by plan in this plan year2024-07-021082246
Net assets as of the end of the plan year2024-07-022645511
Total assets as of the beginning of the plan year2024-07-022795393
Participant contributions to plan in this plan year2024-07-0297879
Value of participant loans at end of plan year2024-07-0216283
Other expenses paid from plan in this plan year2024-07-020
Other contributions to plan in this plan year2024-07-020
Other income to plan in this plan year2024-07-02775050
Plan net income in this plan year2024-07-02-149882
Net assets as of the end of the plan year2024-07-022645511
Net assets as of the beginning of the plan year2024-07-022795393
Employer contributions to plan in this plan year2024-07-0259435
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-0210769
2022 : JOHN P. PAONE, JR., P.C. PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-03-270
Total liabilities as of the end of the plan year2022-03-270
Total liabilities as of the beginning of the plan year2022-03-270
Total expenses incurred by plan in this plan year2022-03-27388971
Net assets as of the end of the plan year2022-03-273621873
Total assets as of the beginning of the plan year2022-03-273352215
Value of plan covered by a fidelity bond2022-03-270
Participant contributions to plan in this plan year2022-03-2794362
Value of participant loans at end of plan year2022-03-2716283
Other expenses paid from plan in this plan year2022-03-270
Other contributions to plan in this plan year2022-03-270
Other income to plan in this plan year2022-03-27509199
Plan net income in this plan year2022-03-27269658
Net assets as of the end of the plan year2022-03-273621873
Net assets as of the beginning of the plan year2022-03-273352215
Employer contributions to plan in this plan year2022-03-2755068
Fees paid to broker by Benefit Provider2022-03-270
Expensese paid to adminstrative service provicers from plan in this plan year2022-03-2715209

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