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LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 401k Plan overview

Plan NameLAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN
Plan identification number 001

LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 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
  • 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 covering Self-Employed individuals.
  • 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

LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. has sponsored the creation of one or more 401k plans.

Company Name:LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C.
Employer identification number (EIN):272958166
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01TIMOTHY F. MCGOUGHRAN2023-06-22 TIMOTHY F. MCGOUGHRAN2023-06-22
0012021-01-01TIMOTHY F. MCGOUGHRAN2022-06-03 TIMOTHY F. MCGOUGHRAN2022-06-03
0012020-01-01TIMOTHY F. MCGOUGHRAN2021-02-26 TIMOTHY F. MCGOUGHRAN2021-02-26
0012019-01-01TIMOTHY F. MCGOUGHRAN2020-07-15 TIMOTHY F. MCGOUGHRAN2020-07-15

Plan Statistics for LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN

401k plan membership statisitcs for LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN

Measure Date Value
2022: LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-017
Total number of active participants reported on line 7a of the Form 55002022-01-017
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-017
Number of participants with account balances2022-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-015
Total number of active participants reported on line 7a of the Form 55002021-01-016
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-011
Total of all active and inactive participants2021-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-017
Number of participants with account balances2021-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011
2020: LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-017
Total number of active participants reported on line 7a of the Form 55002020-01-015
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-015
Number of participants with account balances2020-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011
2019: LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-015
Total number of active participants reported on line 7a of the Form 55002019-01-015
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-015
Number of participants with account balances2019-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN

Measure Date Value
2022 : LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2022 401k financial data
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$23,339
Expenses. Total of all expenses incurred2022-12-31$3,552
Benefits paid (including direct rollovers)2022-12-31$3,552
Total plan assets at end of year2022-12-31$160,598
Total plan assets at beginning of year2022-12-31$140,811
Value of fidelity bond covering the plan2022-12-31$10,000
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-16,661
Net income (gross income less expenses)2022-12-31$19,787
Net plan assets at end of year (total assets less liabilities)2022-12-31$160,598
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$140,811
Total contributions received or receivable from employer(s)2022-12-31$40,000
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$55,260
Expenses. Total of all expenses incurred2021-12-31$0
Total plan assets at end of year2021-12-31$140,811
Total plan assets at beginning of year2021-12-31$85,551
Value of fidelity bond covering the plan2021-12-31$10,000
Other income received2021-12-31$15,260
Net income (gross income less expenses)2021-12-31$55,260
Net plan assets at end of year (total assets less liabilities)2021-12-31$140,811
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$85,551
Total contributions received or receivable from employer(s)2021-12-31$40,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources2020-12-31$45,651
Expenses. Total of all expenses incurred2020-12-31$100
Total plan assets at end of year2020-12-31$85,551
Total plan assets at beginning of year2020-12-31$40,000
Value of fidelity bond covering the plan2020-12-31$10,000
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$5,651
Net income (gross income less expenses)2020-12-31$45,551
Net plan assets at end of year (total assets less liabilities)2020-12-31$85,551
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$40,000
Total contributions received or receivable from employer(s)2020-12-31$40,000
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$100
2019 : LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$40,000
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$40,000
Total plan assets at beginning of year2019-12-31$0
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Net income (gross income less expenses)2019-12-31$40,000
Net plan assets at end of year (total assets less liabilities)2019-12-31$40,000
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Total contributions received or receivable from employer(s)2019-12-31$40,000
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0

Form 5500 Responses for LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN

2022: LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: LAW OFFICE OF TIMOTHY F. MCGOUGHRAN, L.L.C. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01First time form 5500 has been submittedYes
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

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