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PAUL D. SAKSON ASSOCIATES 401(K) PLAN 401k Plan overview

Plan NamePAUL D. SAKSON ASSOCIATES 401(K) PLAN
Plan identification number 001

PAUL D. SAKSON ASSOCIATES 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

PAUL D. SAKSON ASSOCIATES, INC. has sponsored the creation of one or more 401k plans.

Company Name:PAUL D. SAKSON ASSOCIATES, INC.
Employer identification number (EIN):223555896
NAIC Classification:541330
NAIC Description:Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PAUL D. SAKSON ASSOCIATES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01PAUL SAKSON2024-05-24
0012022-01-01PAUL SAKSON2023-07-19 PAUL SAKSON2023-07-19

Plan Statistics for PAUL D. SAKSON ASSOCIATES 401(K) PLAN

401k plan membership statisitcs for PAUL D. SAKSON ASSOCIATES 401(K) PLAN

Measure Date Value
2025: PAUL D. SAKSON ASSOCIATES 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-05-134
Total number of particpants at end of year2025-05-134
Number of Participants With Account Balances2025-05-134
2024: PAUL D. SAKSON ASSOCIATES 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-244
Total number of particpants at end of year2024-05-244
Number of Participants With Account Balances2024-05-244

Financial Data on PAUL D. SAKSON ASSOCIATES 401(K) PLAN

Measure Date Value
2025 : PAUL D. SAKSON ASSOCIATES 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-05-130
Total expenses incurred by plan in this plan year2025-05-130
Net assets as of the end of the plan year2025-05-131893524
Total assets as of the beginning of the plan year2025-05-131666538
Value of plan covered by a fidelity bond2025-05-13200000
Participant contributions to plan in this plan year2025-05-1336266
Other income to plan in this plan year2025-05-13170687
Plan net income in this plan year2025-05-13226986
Net assets as of the end of the plan year2025-05-131893524
Net assets as of the beginning of the plan year2025-05-131666538
Employer contributions to plan in this plan year2025-05-1320033
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-130
2024 : PAUL D. SAKSON ASSOCIATES 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-05-240
Total expenses incurred by plan in this plan year2024-05-242
Net assets as of the end of the plan year2024-05-241666538
Total assets as of the beginning of the plan year2024-05-241359445
Value of plan covered by a fidelity bond2024-05-24200000
Participant contributions to plan in this plan year2024-05-2436433
Other income to plan in this plan year2024-05-24251213
Plan net income in this plan year2024-05-24307093
Net assets as of the end of the plan year2024-05-241666538
Net assets as of the beginning of the plan year2024-05-241359445
Employer contributions to plan in this plan year2024-05-2419449
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-240

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