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401K PLAN BY DESIGN 401k Plan overview

Plan Name401K PLAN BY DESIGN
Plan identification number 002

401K PLAN BY DESIGN 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CANFIELD BUSINESS INTERIORS, INC. has sponsored the creation of one or more 401k plans.

Company Name:CANFIELD BUSINESS INTERIORS, INC.
Employer identification number (EIN):263958495
NAIC Classification:442110
NAIC Description:Furniture Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 401K PLAN BY DESIGN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01MARY BUSTOS2024-07-08
0022022-01-01MARY BUSTOS2023-07-13
0022021-01-01MARY BUSTOS2022-07-01
0022020-01-01STEPHANIE CANFIELD2021-05-14
0022019-01-01
0022018-01-01STEPHANIE CANFIELD
0022017-01-01STEPHANIE CANFIELD
0022016-01-01STEPHANIE CANFIELD
0022015-01-01STEPHANIE CANFIELD
0022015-01-01STEPHANIE CANFIELD
0022015-01-01STEPHANIE CANFIELD

Financial Data on 401K PLAN BY DESIGN

Measure Date Value
2025 : 401K PLAN BY DESIGN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-07-100
Total expenses incurred by plan in this plan year2025-07-1010953
Net assets as of the end of the plan year2025-07-101077192
Total assets as of the beginning of the plan year2025-07-10838455
Value of plan covered by a fidelity bond2025-07-1071436
Participant contributions to plan in this plan year2025-07-1080321
Value of participant loans at end of plan year2025-07-1028599
Other contributions to plan in this plan year2025-07-1033192
Other income to plan in this plan year2025-07-10136177
Plan net income in this plan year2025-07-10238737
Net assets as of the end of the plan year2025-07-101077192
Net assets as of the beginning of the plan year2025-07-10838455
Value of contributions failed to transmitted timely2025-07-105000
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-1010953
2024 : 401K PLAN BY DESIGN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-0851357
Net assets as of the end of the plan year2024-07-08838455
Total assets as of the beginning of the plan year2024-07-08714360
Value of plan covered by a fidelity bond2024-07-0871436
Participant contributions to plan in this plan year2024-07-0851298
Value of participant loans at end of plan year2024-07-0812319
Other income to plan in this plan year2024-07-08124154
Plan net income in this plan year2024-07-08124095
Net assets as of the end of the plan year2024-07-08838455
Net assets as of the beginning of the plan year2024-07-08714360
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-085665
2019 : 401K PLAN BY DESIGN 2019 401k financial data
Transfers to/from the plan2019-12-31$129,735
Total income from all sources2019-12-31$52,681
Expenses. Total of all expenses incurred2019-12-31$220,378
Benefits paid (including direct rollovers)2019-12-31$213,729
Total plan assets at end of year2019-12-31$1,213,392
Total plan assets at beginning of year2019-12-31$1,251,354
Value of fidelity bond covering the plan2019-12-31$125,135
Total contributions received or receivable from participants2019-12-31$64,577
Other income received2019-12-31$-11,896
Net income (gross income less expenses)2019-12-31$-167,697
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,213,392
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,251,354
Assets. Value of participant loans2019-12-31$12,069
Assets. Value of assets in partnership/joint-venture interests2019-12-31$6,699
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$6,649
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : 401K PLAN BY DESIGN 2018 401k financial data
Total income from all sources2018-12-31$-26,537
Expenses. Total of all expenses incurred2018-12-31$80,512
Benefits paid (including direct rollovers)2018-12-31$73,360
Total plan assets at end of year2018-12-31$1,251,354
Total plan assets at beginning of year2018-12-31$1,358,403
Value of fidelity bond covering the plan2018-12-31$135,840
Total contributions received or receivable from participants2018-12-31$82,414
Other income received2018-12-31$-108,951
Net income (gross income less expenses)2018-12-31$-107,049
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,251,354
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,358,403
Assets. Value of participant loans2018-12-31$6,168
Assets. Value of assets in partnership/joint-venture interests2018-12-31$11,526
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$7,152
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : 401K PLAN BY DESIGN 2017 401k financial data
Total income from all sources2017-12-31$294,416
Expenses. Total of all expenses incurred2017-12-31$133,901
Benefits paid (including direct rollovers)2017-12-31$127,160
Total plan assets at end of year2017-12-31$1,358,403
Total plan assets at beginning of year2017-12-31$1,197,888
Value of fidelity bond covering the plan2017-12-31$119,788
Total contributions received or receivable from participants2017-12-31$71,549
Contributions received from other sources (not participants or employers)2017-12-31$91,938
Other income received2017-12-31$130,929
Net income (gross income less expenses)2017-12-31$160,515
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,358,403
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,197,888
Assets. Value of participant loans2017-12-31$43,860
Assets. Value of assets in partnership/joint-venture interests2017-12-31$1,400
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$6,741
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : 401K PLAN BY DESIGN 2016 401k financial data
Total income from all sources2016-12-31$146,448
Expenses. Total of all expenses incurred2016-12-31$48,259
Benefits paid (including direct rollovers)2016-12-31$42,326
Total plan assets at end of year2016-12-31$1,197,888
Total plan assets at beginning of year2016-12-31$1,099,699
Value of fidelity bond covering the plan2016-12-31$119,788
Total contributions received or receivable from participants2016-12-31$76,618
Other income received2016-12-31$69,830
Net income (gross income less expenses)2016-12-31$98,189
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,197,888
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,099,699
Assets. Value of participant loans2016-12-31$54,683
Assets. Value of assets in partnership/joint-venture interests2016-12-31$1,400
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$5,933
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : 401K PLAN BY DESIGN 2015 401k financial data
Transfers to/from the plan2015-12-31$1,099,699
Total income from all sources2015-12-31$0
Expenses. Total of all expenses incurred2015-12-31$0
Total plan assets at end of year2015-12-31$1,099,699
Total plan assets at beginning of year2015-12-31$0
Value of fidelity bond covering the plan2015-12-31$109,969
Net income (gross income less expenses)2015-12-31$0
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,099,699
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Assets. Value of participant loans2015-12-31$72,280
Assets. Value of assets in partnership/joint-venture interests2015-12-31$84,416
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0

Form 5500 Responses for 401K PLAN BY DESIGN

2019: 401K PLAN BY DESIGN 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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: 401K PLAN BY DESIGN 2018 form 5500 responses
2018-01-01Type of plan entityMulitple 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: 401K PLAN BY DESIGN 2017 form 5500 responses
2017-01-01Type of plan entityMulitple 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: 401K PLAN BY DESIGN 2016 form 5500 responses
2016-01-01Type of plan entityMulitple 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: 401K PLAN BY DESIGN 2015 form 5500 responses
2015-01-01Type of plan entityMulitple employer plan
2015-01-01Submission has been amendedYes
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

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