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MICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN 401k Plan overview

Plan NameMICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN
Plan identification number 001

MICHAEL J. HUNYADY, INC., PROFIT SHARING 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.
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

MICHAEL J. HUNYADY, INC. has sponsored the creation of one or more 401k plans.

Company Name:MICHAEL J. HUNYADY, INC.
Employer identification number (EIN):232593539
NAIC Classification:454390
NAIC Description:Other Direct Selling Establishments

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MICHAEL HUNYADY2024-10-14
0012022-01-01MICHAEL HUNYADY2023-07-27
0012021-01-01MICHAEL HUNYADY2022-05-23
0012020-01-01MICHAEL HUNYADY2021-03-04
0012019-01-01MICHAEL HUNYADY2020-07-30
0012018-01-01MICHAEL J. HUNYADY2019-03-24 MICHAEL J. HUNYADY2019-03-24
0012017-01-01MICHAEL J. HUNYADY2018-07-16 MICHAEL J. HUNYADY2018-07-16
0012016-01-01MICHAEL J. HUNYADY2017-05-04 MICHAEL J. HUNYADY2017-05-04
0012015-01-01MICHAEL J. HUNYADY2016-07-29 MICHAEL J. HUNYADY2016-07-29
0012013-01-01MICHAEL HUNYADY2014-07-10
0012012-01-01MICHAEL HUNYADY2013-07-25
0012011-01-01MICHAEL HUNYADY2012-07-30
0012010-01-01MICHAEL HUNYADY2011-07-19

Plan Statistics for MICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN

401k plan membership statisitcs for MICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN

Measure Date Value
2025: MICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-0810
Total number of particpants at end of year2025-10-0810
Number of Participants With Account Balances2025-10-089
2024: MICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-1410
Total number of particpants at end of year2024-10-1410
Number of Participants With Account Balances2024-10-1410
2022: MICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-05-2310
Total number of particpants at end of year2022-05-2310
Number of Participants With Account Balances2022-05-2310

Financial Data on MICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN

Measure Date Value
2025 : MICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-080
Total liabilities as of the end of the plan year2025-10-080
Total liabilities as of the beginning of the plan year2025-10-080
Total expenses incurred by plan in this plan year2025-10-08241863
Net assets as of the end of the plan year2025-10-082785781
Total assets as of the beginning of the plan year2025-10-082645077
Value of plan covered by a fidelity bond2025-10-08300000
Participant contributions to plan in this plan year2025-10-08142553
Other expenses paid from plan in this plan year2025-10-080
Other contributions to plan in this plan year2025-10-080
Other income to plan in this plan year2025-10-08203809
Plan net income in this plan year2025-10-08140704
Net assets as of the end of the plan year2025-10-082785781
Net assets as of the beginning of the plan year2025-10-082645077
Employer contributions to plan in this plan year2025-10-0836205
Fees paid to broker by Benefit Provider2025-10-08383
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-0848
2024 : MICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-140
Total liabilities as of the end of the plan year2024-10-140
Total liabilities as of the beginning of the plan year2024-10-140
Total expenses incurred by plan in this plan year2024-10-1446
Net assets as of the end of the plan year2024-10-142645077
Total assets as of the beginning of the plan year2024-10-142273429
Value of plan covered by a fidelity bond2024-10-14250000
Participant contributions to plan in this plan year2024-10-14136488
Other expenses paid from plan in this plan year2024-10-140
Other contributions to plan in this plan year2024-10-140
Other income to plan in this plan year2024-10-14197246
Plan net income in this plan year2024-10-14371648
Net assets as of the end of the plan year2024-10-142645077
Net assets as of the beginning of the plan year2024-10-142273429
Employer contributions to plan in this plan year2024-10-1437960
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-1446
2022 : MICHAEL J. HUNYADY, INC., PROFIT SHARING 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-05-230
Total liabilities as of the end of the plan year2022-05-230
Total liabilities as of the beginning of the plan year2022-05-230
Total expenses incurred by plan in this plan year2022-05-2347
Net assets as of the end of the plan year2022-05-232311184
Total assets as of the beginning of the plan year2022-05-231999634
Value of plan covered by a fidelity bond2022-05-23200000
Participant contributions to plan in this plan year2022-05-2340230
Other expenses paid from plan in this plan year2022-05-2347
Other contributions to plan in this plan year2022-05-230
Other income to plan in this plan year2022-05-23244446
Plan net income in this plan year2022-05-23311550
Net assets as of the end of the plan year2022-05-232311184
Net assets as of the beginning of the plan year2022-05-231999634
Employer contributions to plan in this plan year2022-05-2326921
Fees paid to broker by Benefit Provider2022-05-234063

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