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NEW HOPE FIRE DEPARTMENT OF ORANGE COUNTY NC 401(K) PLAN 401k Plan overview

Plan NameNEW HOPE FIRE DEPARTMENT OF ORANGE COUNTY NC 401(K) PLAN
Plan identification number 001

NEW HOPE FIRE DEPARTMENT OF ORANGE COUNTY NC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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 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

NEW HOPE VOLUNTEER FIRE DEPARTMENT OF has sponsored the creation of one or more 401k plans.

Company Name:NEW HOPE VOLUNTEER FIRE DEPARTMENT OF
Employer identification number (EIN):237374528
NAIC Classification:813930
NAIC Description:Labor Unions and Similar Labor Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW HOPE FIRE DEPARTMENT OF ORANGE COUNTY NC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ALLISON BRECHER2024-10-03

Financial Data on NEW HOPE FIRE DEPARTMENT OF ORANGE COUNTY NC 401(K) PLAN

Measure Date Value
2025 : NEW HOPE FIRE DEPARTMENT OF ORANGE COUNTY NC 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-100
Total liabilities as of the end of the plan year2025-10-100
Total liabilities as of the beginning of the plan year2025-10-100
Total expenses incurred by plan in this plan year2025-10-1090281
Net assets as of the end of the plan year2025-10-1057471
Total assets as of the beginning of the plan year2025-10-10101805
Value of plan covered by a fidelity bond2025-10-1050000
Participant contributions to plan in this plan year2025-10-1017523
Value of participant loans at end of plan year2025-10-100
Other expenses paid from plan in this plan year2025-10-100
Other contributions to plan in this plan year2025-10-101982
Other income to plan in this plan year2025-10-107416
Plan net income in this plan year2025-10-10-44334
Net assets as of the end of the plan year2025-10-1057471
Net assets as of the beginning of the plan year2025-10-10101805
Employer contributions to plan in this plan year2025-10-1019026
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-101671
2024 : NEW HOPE FIRE DEPARTMENT OF ORANGE COUNTY NC 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-0379097
Net assets as of the end of the plan year2024-10-03101805
Total assets as of the beginning of the plan year2024-10-030
Value of plan covered by a fidelity bond2024-10-0350000
Participant contributions to plan in this plan year2024-10-0312104
Other contributions to plan in this plan year2024-10-03140578
Other income to plan in this plan year2024-10-0310683
Plan net income in this plan year2024-10-03101805
Net assets as of the end of the plan year2024-10-03101805
Net assets as of the beginning of the plan year2024-10-030
Employer contributions to plan in this plan year2024-10-0317537
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-03898

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