401k Plan data: PEARSON AND PEARSON INC 401(K) PROFIT SHARING PLAN & TRUST plan

PEARSON AND PEARSON INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan Name	PEARSON AND PEARSON INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number	001

PEARSON AND PEARSON INC 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan Type

Defined 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.
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

PEARSON AND PEARSON INC has sponsored the creation of one or more 401k plans.

Company Name: PEARSON AND PEARSON INC

Employer identification number (EIN): 271584618

NAIC Classification: 722511
NAIC Description: Full-Service Restaurants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PEARSON AND PEARSON INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 DANIEL PEARSON 2023-02-12
001 2021-01-01 CAROL L. PEARSON 2022-04-01
001 2020-01-01 CAROL PEARSON 2021-04-16
001 2019-01-01 CAROL PEARSON 2020-04-07

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	DANIEL PEARSON	2023-02-12
001	2021-01-01	CAROL L. PEARSON	2022-04-01
001	2020-01-01	CAROL PEARSON	2021-04-16
001	2019-01-01	CAROL PEARSON	2020-04-07

Plan Statistics for PEARSON AND PEARSON INC 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for PEARSON AND PEARSON INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2022: PEARSON AND PEARSON INC 401(K) PROFIT SHARING PLAN & TRUST 2022 401k membership
Total number of particpants at beginning of year 2022-04-01 8
Total number of particpants at end of year 2022-04-01 5
Number of Participants With Account Balances 2022-04-01 5

Measure	Date	Value
2022: PEARSON AND PEARSON INC 401(K) PROFIT SHARING PLAN & TRUST 2022 401k membership
Total number of particpants at beginning of year	2022-04-01	8
Total number of particpants at end of year	2022-04-01	5
Number of Participants With Account Balances	2022-04-01	5

Financial Data on PEARSON AND PEARSON INC 401(K) PROFIT SHARING PLAN & TRUST

Measure	Date	Value
2022 : PEARSON AND PEARSON INC 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total transfers to/from plan in this plan year	2022-04-01	0
Total liabilities as of the end of the plan year	2022-04-01	0
Total liabilities as of the beginning of the plan year	2022-04-01	0
Total expenses incurred by plan in this plan year	2022-04-01	2816
Net assets as of the end of the plan year	2022-04-01	12276
Total assets as of the beginning of the plan year	2022-04-01	12466
Value of plan covered by a fidelity bond	2022-04-01	20000
Participant contributions to plan in this plan year	2022-04-01	680
Other expenses paid from plan in this plan year	2022-04-01	0
Other contributions to plan in this plan year	2022-04-01	0
Other income to plan in this plan year	2022-04-01	1521
Plan net income in this plan year	2022-04-01	-190
Net assets as of the end of the plan year	2022-04-01	12276
Net assets as of the beginning of the plan year	2022-04-01	12466
Employer contributions to plan in this plan year	2022-04-01	425
Expensese paid to adminstrative service provicers from plan in this plan year	2022-04-01	1586

Potentially related plans

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Company Name:	PEARSON AND PEARSON INC
Employer identification number (EIN):	271584618
NAIC Classification:	722511
NAIC Description:	Full-Service Restaurants