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CONCEPTS IN FREIGHT MANAGEMENT INC 401k Plan overview

Plan NameCONCEPTS IN FREIGHT MANAGEMENT INC
Plan identification number 001

CONCEPTS IN FREIGHT MANAGEMENT INC 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

CONCEPTS IN FREIGHT LOGISTICS has sponsored the creation of one or more 401k plans.

Company Name:CONCEPTS IN FREIGHT LOGISTICS
Employer identification number (EIN):260723809
NAIC Classification:488510
NAIC Description:Freight Transportation Arrangement

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CONCEPTS IN FREIGHT MANAGEMENT INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01GEORGES SABA2024-10-15
0012022-01-01GEORGES SABA2023-12-06
0012021-01-01GEORGES SABA2022-07-01
0012020-01-01GEORGES SABA2022-03-08
0012019-01-01GEORGES SABA2020-10-15
0012018-01-01GEORGES SABA2019-06-17
0012017-01-01GEORGES SABA2018-06-07
0012016-01-01GEORGES SABA2017-10-10
0012015-01-01GEORGES SABA2016-11-03

Financial Data on CONCEPTS IN FREIGHT MANAGEMENT INC

Measure Date Value
2024 : CONCEPTS IN FREIGHT MANAGEMENT INC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-15180017
Net assets as of the end of the plan year2024-10-15412054
Total assets as of the beginning of the plan year2024-10-15484295
Value of plan covered by a fidelity bond2024-10-1549000
Participant contributions to plan in this plan year2024-10-1530926
Value of participant loans at end of plan year2024-10-1547
Other income to plan in this plan year2024-10-1576850
Plan net income in this plan year2024-10-15-72241
Net assets as of the end of the plan year2024-10-15412054
Net assets as of the beginning of the plan year2024-10-15484295
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-15840
2022 : CONCEPTS IN FREIGHT MANAGEMENT INC 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-01115216
Net assets as of the end of the plan year2022-07-01547176
Total assets as of the beginning of the plan year2022-07-01516129
Value of plan covered by a fidelity bond2022-07-0152000
Participant contributions to plan in this plan year2022-07-0168932
Value of participant loans at end of plan year2022-07-017628
Other income to plan in this plan year2022-07-0177331
Plan net income in this plan year2022-07-0131047
Net assets as of the end of the plan year2022-07-01547176
Net assets as of the beginning of the plan year2022-07-01516129
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-01235

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