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RICHARD M. CROSSAN INC. 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameRICHARD M. CROSSAN INC. 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

RICHARD M. CROSSAN INC. 401(K) PROFIT SHARING PLAN & TRUST 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
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

RICHARD M CROSSAN INC has sponsored the creation of one or more 401k plans.

Company Name:RICHARD M CROSSAN INC
Employer identification number (EIN):231649419
NAIC Classification:238220
NAIC Description:Plumbing, Heating, and Air-Conditioning Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RICHARD M. CROSSAN INC. 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01BRYAN M CROSSAN2022-03-30
0012020-01-01BRYAN M CROSSAN2021-10-08
0012019-01-01BRYAN M CROSSAN2020-07-08
0012018-01-01BRYAN M CROSSAN2020-01-02
0012017-01-01BRYAN M CROSSAN2018-07-13
0012012-01-01RICHARD M CROSSAN INC

Financial Data on RICHARD M. CROSSAN INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025 : RICHARD M. CROSSAN INC. 401(K) PROFIT SHARING PLAN & TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-05-080
Total liabilities as of the end of the plan year2025-05-083508
Total liabilities as of the beginning of the plan year2025-05-081108
Total expenses incurred by plan in this plan year2025-05-08250305
Net assets as of the end of the plan year2025-05-081887775
Total assets as of the beginning of the plan year2025-05-081812496
Value of plan covered by a fidelity bond2025-05-08170000
Participant contributions to plan in this plan year2025-05-0882357
Value of participant loans at end of plan year2025-05-0819112
Other income to plan in this plan year2025-05-08212084
Plan net income in this plan year2025-05-0872879
Net assets as of the end of the plan year2025-05-081884267
Net assets as of the beginning of the plan year2025-05-081811388
Employer contributions to plan in this plan year2025-05-0828743
Fees paid to broker by Benefit Provider2025-05-085668
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-0812520
2024 : RICHARD M. CROSSAN INC. 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-03-110
Total liabilities as of the end of the plan year2024-03-111108
Total expenses incurred by plan in this plan year2024-03-11964683
Net assets as of the end of the plan year2024-03-111812496
Total assets as of the beginning of the plan year2024-03-112398227
Value of plan covered by a fidelity bond2024-03-11170000
Participant contributions to plan in this plan year2024-03-1179163
Value of participant loans at end of plan year2024-03-1127997
Other contributions to plan in this plan year2024-03-110
Other income to plan in this plan year2024-03-11271116
Plan net income in this plan year2024-03-11-586839
Net assets as of the end of the plan year2024-03-111811388
Net assets as of the beginning of the plan year2024-03-112398227
Employer contributions to plan in this plan year2024-03-1127565
Fees paid to broker by Benefit Provider2024-03-113647
Expensese paid to adminstrative service provicers from plan in this plan year2024-03-1112268
2012 : RICHARD M. CROSSAN INC. 401(K) PROFIT SHARING PLAN & TRUST 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$-70,241
Expenses. Total of all expenses incurred2012-12-31$72,272
Benefits paid (including direct rollovers)2012-12-31$71,994
Total plan assets at end of year2012-12-31$971,055
Total plan assets at beginning of year2012-12-31$1,113,568
Value of fidelity bond covering the plan2012-12-31$0
Total contributions received or receivable from participants2012-12-31$58,242
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$-150,979
Net income (gross income less expenses)2012-12-31$-142,513
Net plan assets at end of year (total assets less liabilities)2012-12-31$971,055
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,113,568
Assets. Value of participant loans2012-12-31$23,711
Total contributions received or receivable from employer(s)2012-12-31$22,496
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$278
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0

Form 5500 Responses for RICHARD M. CROSSAN INC. 401(K) PROFIT SHARING PLAN & TRUST

2012: RICHARD M. CROSSAN INC. 401(K) PROFIT SHARING PLAN & TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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