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EMPLOYEE BENEFIT PLAN OF LONG ISLAND FINANCIAL MANAGEMENT SERVICES 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF LONG ISLAND FINANCIAL MANAGEMENT SERVICES
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF LONG ISLAND FINANCIAL MANAGEMENT SERVICES 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.
  • 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.
  • 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

LONG ISLAND FINANCIAL MANAGEMENT SERVICES has sponsored the creation of one or more 401k plans.

Company Name:LONG ISLAND FINANCIAL MANAGEMENT SERVICES
Employer identification number (EIN):271905997
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF LONG ISLAND FINANCIAL MANAGEMENT SERVICES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SUSAN RICH2024-11-11 SUSAN RICH2024-11-11
0012022-01-01SUSAN RICH2023-08-16
0012021-01-01SUSAN RICH2022-03-17
0012021-01-01SUSAN RICH2022-03-25
0012020-01-01SUSAN RICH2021-03-25
0012020-01-01SUSAN RICH2022-03-25
0012020-01-01SUSAN RICH2021-03-17
0012019-01-01SUSAN RICH2020-04-06
0012018-01-01SUSAN RICH2019-04-08

Financial Data on EMPLOYEE BENEFIT PLAN OF LONG ISLAND FINANCIAL MANAGEMENT SERVICES

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF LONG ISLAND FINANCIAL MANAGEMENT SERVICES 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-260
Total liabilities as of the end of the plan year2025-06-260
Total liabilities as of the beginning of the plan year2025-06-260
Total expenses incurred by plan in this plan year2025-06-2615
Net assets as of the end of the plan year2025-06-26837133
Total assets as of the beginning of the plan year2025-06-26601558
Value of plan covered by a fidelity bond2025-06-2660000
Participant contributions to plan in this plan year2025-06-2689929
Other expenses paid from plan in this plan year2025-06-260
Other contributions to plan in this plan year2025-06-260
Other income to plan in this plan year2025-06-26108745
Plan net income in this plan year2025-06-26235575
Net assets as of the end of the plan year2025-06-26837133
Net assets as of the beginning of the plan year2025-06-26601558
Employer contributions to plan in this plan year2025-06-2636916
Fees paid to broker by Benefit Provider2025-06-26113
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-2615
Total transfers to/from plan in this plan year2025-06-250
Total liabilities as of the end of the plan year2025-06-250
Total liabilities as of the beginning of the plan year2025-06-250
Total expenses incurred by plan in this plan year2025-06-2515
Net assets as of the end of the plan year2025-06-25837133
Total assets as of the beginning of the plan year2025-06-25601558
Value of plan covered by a fidelity bond2025-06-2560000
Participant contributions to plan in this plan year2025-06-2589929
Other expenses paid from plan in this plan year2025-06-250
Other contributions to plan in this plan year2025-06-250
Other income to plan in this plan year2025-06-25108745
Plan net income in this plan year2025-06-25235575
Net assets as of the end of the plan year2025-06-25837133
Net assets as of the beginning of the plan year2025-06-25601558
Employer contributions to plan in this plan year2025-06-2536916
Fees paid to broker by Benefit Provider2025-06-25113
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-2515
2024 : EMPLOYEE BENEFIT PLAN OF LONG ISLAND FINANCIAL MANAGEMENT SERVICES 2024 401k financial data
Total transfers to/from plan in this plan year2024-11-110
Total liabilities as of the end of the plan year2024-11-110
Total liabilities as of the beginning of the plan year2024-11-110
Total expenses incurred by plan in this plan year2024-11-110
Net assets as of the end of the plan year2024-11-11601558
Total assets as of the beginning of the plan year2024-11-11367026
Value of plan covered by a fidelity bond2024-11-1140000
Participant contributions to plan in this plan year2024-11-1194524
Other expenses paid from plan in this plan year2024-11-110
Other contributions to plan in this plan year2024-11-113721
Other income to plan in this plan year2024-11-1198968
Plan net income in this plan year2024-11-11234532
Net assets as of the end of the plan year2024-11-11601558
Net assets as of the beginning of the plan year2024-11-11367026
Employer contributions to plan in this plan year2024-11-1137319
Fees paid to broker by Benefit Provider2024-11-1172
Expensese paid to adminstrative service provicers from plan in this plan year2024-11-110

Potentially related plans

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