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RICHARD M. BRAVERMAN PROFIT SHARING PLAN 401k Plan overview

Plan NameRICHARD M. BRAVERMAN PROFIT SHARING PLAN
Plan identification number 001

RICHARD M. BRAVERMAN PROFIT SHARING PLAN 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Plan covering Self-Employed individuals.
  • 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

BRAVERMAN FINANCIAL ASSOCIATES has sponsored the creation of one or more 401k plans.

Company Name:BRAVERMAN FINANCIAL ASSOCIATES
Employer identification number (EIN):232897998
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RICHARD M. BRAVERMAN PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RICHARD BRAVERMAN2024-07-30
0012022-01-01RICHARD BRAVERMAN2023-07-24
0012021-01-01RICHARD BRAVERMAN2022-09-22
0012020-01-01RICHARD BRAVERMAN2021-10-13
0012019-01-01
0012018-01-01RICHARD M. BRAVERMAN
0012017-01-01RICHARD M. BRAVERMAN
0012016-01-01RICHARD M. BRAVERMAN
0012015-01-01RICHARD M. BRAVERMAN
0012014-01-01RICHARD M. BRAVERMAN
0012013-01-01RICHARD M. BRAVERMAN
0012012-01-01RICHARD M. BRAVERMAN
0012011-01-01RICHARD M. BRAVERMAN
0012010-01-01RICHARD M. BRAVERMAN
0012009-01-01RICHARD M. BRAVERMAN

Financial Data on RICHARD M. BRAVERMAN PROFIT SHARING PLAN

Measure Date Value
2025 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-09-260
Total liabilities as of the end of the plan year2025-09-260
Total liabilities as of the beginning of the plan year2025-09-260
Total expenses incurred by plan in this plan year2025-09-267944
Net assets as of the end of the plan year2025-09-263044687
Total assets as of the beginning of the plan year2025-09-262439181
Value of plan covered by a fidelity bond2025-09-26250000
Participant contributions to plan in this plan year2025-09-2672808
Other expenses paid from plan in this plan year2025-09-260
Other contributions to plan in this plan year2025-09-260
Other income to plan in this plan year2025-09-26424423
Plan net income in this plan year2025-09-26605506
Net assets as of the end of the plan year2025-09-263044687
Net assets as of the beginning of the plan year2025-09-262439181
Employer contributions to plan in this plan year2025-09-26116219
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-267944
2024 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-300
Total liabilities as of the end of the plan year2024-07-300
Total liabilities as of the beginning of the plan year2024-07-300
Total expenses incurred by plan in this plan year2024-07-305256
Net assets as of the end of the plan year2024-07-302439181
Total assets as of the beginning of the plan year2024-07-302023475
Value of plan covered by a fidelity bond2024-07-30250000
Participant contributions to plan in this plan year2024-07-3065985
Other expenses paid from plan in this plan year2024-07-300
Other contributions to plan in this plan year2024-07-300
Other income to plan in this plan year2024-07-30270573
Plan net income in this plan year2024-07-30415706
Net assets as of the end of the plan year2024-07-302439181
Net assets as of the beginning of the plan year2024-07-302023475
Employer contributions to plan in this plan year2024-07-3084404
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-305256
2019 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$258,599
Expenses. Total of all expenses incurred2019-12-31$2,834
Total plan assets at end of year2019-12-31$1,645,527
Total plan assets at beginning of year2019-12-31$1,389,762
Value of fidelity bond covering the plan2019-12-31$250,000
Total contributions received or receivable from participants2019-12-31$50,407
Noncash contributions received2019-12-31$159,462
Net income (gross income less expenses)2019-12-31$255,765
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,645,527
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,389,762
Assets. Value of assets in partnership/joint-venture interests2019-12-31$225,956
Total contributions received or receivable from employer(s)2019-12-31$48,730
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$2,834
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$-48,046
Expenses. Total of all expenses incurred2018-12-31$1,267
Total plan assets at end of year2018-12-31$1,389,762
Total plan assets at beginning of year2018-12-31$1,439,075
Value of fidelity bond covering the plan2018-12-31$250,000
Total contributions received or receivable from participants2018-12-31$48,547
Other income received2018-12-31$-143,287
Net income (gross income less expenses)2018-12-31$-49,313
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,389,762
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,439,075
Assets. Value of assets in partnership/joint-venture interests2018-12-31$174,388
Total contributions received or receivable from employer(s)2018-12-31$46,694
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$1,267
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$210,768
Expenses. Total of all expenses incurred2017-12-31$158
Benefits paid (including direct rollovers)2017-12-31$158
Total plan assets at end of year2017-12-31$1,439,075
Total plan assets at beginning of year2017-12-31$1,228,465
Value of fidelity bond covering the plan2017-12-31$250,000
Total contributions received or receivable from participants2017-12-31$41,474
Other income received2017-12-31$123,880
Net income (gross income less expenses)2017-12-31$210,610
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,439,075
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,228,465
Assets. Value of assets in partnership/joint-venture interests2017-12-31$130,836
Total contributions received or receivable from employer(s)2017-12-31$45,414
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2016 401k financial data
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$107,902
Expenses. Total of all expenses incurred2016-12-31$6,194
Benefits paid (including direct rollovers)2016-12-31$6,194
Total plan assets at end of year2016-12-31$1,228,465
Total plan assets at beginning of year2016-12-31$1,126,757
Value of fidelity bond covering the plan2016-12-31$250,000
Total contributions received or receivable from participants2016-12-31$45,459
Other income received2016-12-31$15,470
Net income (gross income less expenses)2016-12-31$101,708
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,228,465
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,126,757
Assets. Value of assets in partnership/joint-venture interests2016-12-31$141,127
Total contributions received or receivable from employer(s)2016-12-31$46,973
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$40,581
Expenses. Total of all expenses incurred2015-12-31$21
Total plan assets at end of year2015-12-31$1,126,757
Total plan assets at beginning of year2015-12-31$1,086,197
Value of fidelity bond covering the plan2015-12-31$250,000
Total contributions received or receivable from participants2015-12-31$40,687
Expenses. Other expenses not covered elsewhere2015-12-31$21
Other income received2015-12-31$-43,982
Net income (gross income less expenses)2015-12-31$40,560
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,126,757
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,086,197
Assets. Value of assets in partnership/joint-venture interests2015-12-31$77,670
Total contributions received or receivable from employer(s)2015-12-31$43,876
2014 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$112,836
Expenses. Total of all expenses incurred2014-12-31$1,128
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$1,086,197
Total plan assets at beginning of year2014-12-31$974,489
Value of fidelity bond covering the plan2014-12-31$250,000
Total contributions received or receivable from participants2014-12-31$31,500
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$36,692
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$111,708
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,086,197
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$974,489
Assets. Value of assets in partnership/joint-venture interests2014-12-31$100,675
Total contributions received or receivable from employer(s)2014-12-31$44,644
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$1,128
2013 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$166,637
Expenses. Total of all expenses incurred2013-12-31$157
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$974,489
Total plan assets at beginning of year2013-12-31$808,009
Value of fidelity bond covering the plan2013-12-31$250,000
Total contributions received or receivable from participants2013-12-31$29,200
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$97,304
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$166,480
Net plan assets at end of year (total assets less liabilities)2013-12-31$974,489
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$808,009
Assets. Value of assets in partnership/joint-venture interests2013-12-31$168,283
Total contributions received or receivable from employer(s)2013-12-31$40,133
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$157
2012 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2012 401k financial data
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$123,562
Expenses. Total of all expenses incurred2012-12-31$21,988
Benefits paid (including direct rollovers)2012-12-31$21,976
Total plan assets at end of year2012-12-31$808,009
Total plan assets at beginning of year2012-12-31$706,435
Value of fidelity bond covering the plan2012-12-31$250,000
Total contributions received or receivable from participants2012-12-31$23,500
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$59,109
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$101,574
Net plan assets at end of year (total assets less liabilities)2012-12-31$808,009
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$706,435
Assets. Value of assets in partnership/joint-venture interests2012-12-31$169,161
Total contributions received or receivable from employer(s)2012-12-31$40,953
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$12
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$27,565
Expenses. Total of all expenses incurred2011-12-31$0
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$706,435
Total plan assets at beginning of year2011-12-31$678,870
Value of fidelity bond covering the plan2011-12-31$250,000
Total contributions received or receivable from participants2011-12-31$22,000
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-31,736
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$27,565
Net plan assets at end of year (total assets less liabilities)2011-12-31$706,435
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$678,870
Assets. Value of assets in partnership/joint-venture interests2011-12-31$164,495
Total contributions received or receivable from employer(s)2011-12-31$37,301
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
2010 : RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$90,274
Expenses. Total of all expenses incurred2010-12-31$0
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$678,870
Total plan assets at beginning of year2010-12-31$588,596
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$22,000
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$39,516
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$90,274
Net plan assets at end of year (total assets less liabilities)2010-12-31$678,870
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$588,596
Assets. Value of assets in partnership/joint-venture interests2010-12-31$167,167
Total contributions received or receivable from employer(s)2010-12-31$28,758
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0

Form 5500 Responses for RICHARD M. BRAVERMAN PROFIT SHARING PLAN

2019: RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
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 – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: RICHARD M. BRAVERMAN PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: RICHARD M. BRAVERMAN PROFIT SHARING 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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