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SCOTT & SALMANOWITZ LLP 401-K PROFIT SHARING PLAN 401k Plan overview

Plan NameSCOTT & SALMANOWITZ LLP 401-K PROFIT SHARING PLAN
Plan identification number 001

SCOTT & SALMANOWITZ LLP 401-K 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
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

SCOTT & SALMANOWITZ LLP has sponsored the creation of one or more 401k plans.

Company Name:SCOTT & SALMANOWITZ LLP
Employer identification number (EIN):273450071
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCOTT & SALMANOWITZ LLP 401-K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01JOHN SALMANOWITZ2022-05-24
0012020-01-01JOHN SALMANOWITZ2021-04-07
0012019-01-01
0012018-01-01JOHN SALMANOWITZ2019-04-22
0012017-01-01JOHN SALMANOWITZ2018-04-11
0012016-01-01JOHN SALMANOWITZ2017-07-27
0012015-01-01JOHN SALMANOWITZ2016-04-15
0012014-01-01JOHN SALMANOWITZ2015-07-06
0012013-01-01JOHN SALMANOWITZ2014-07-31
0012012-01-01JOHN SALMANOWITZ2013-06-19
0012011-01-01JOHN SALMANOWITZ2012-08-20

Plan Statistics for SCOTT & SALMANOWITZ LLP 401-K PROFIT SHARING PLAN

401k plan membership statisitcs for SCOTT & SALMANOWITZ LLP 401-K PROFIT SHARING PLAN

Measure Date Value
2022: SCOTT & SALMANOWITZ LLP 401-K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-014
Total number of active participants reported on line 7a of the Form 55002022-01-014
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 participants2022-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-014
Number of participants with account balances2022-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2019: SCOTT & SALMANOWITZ LLP 401-K 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 55002019-01-014
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-011
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 SCOTT & SALMANOWITZ LLP 401-K PROFIT SHARING PLAN

Measure Date Value
2022 : SCOTT & SALMANOWITZ LLP 401-K PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources2022-12-31$-224,493
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$2,434,728
Total plan assets at beginning of year2022-12-31$2,659,221
Value of fidelity bond covering the plan2022-12-31$100,000
Total contributions received or receivable from participants2022-12-31$81,000
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-429,903
Net income (gross income less expenses)2022-12-31$-224,493
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,434,728
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,659,221
Assets. Value of assets in partnership/joint-venture interests2022-12-31$500,000
Total contributions received or receivable from employer(s)2022-12-31$124,410
2019 : SCOTT & SALMANOWITZ LLP 401-K PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$541,149
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$1,952,935
Total plan assets at beginning of year2019-12-31$1,411,786
Value of fidelity bond covering the plan2019-12-31$100,000
Total contributions received or receivable from participants2019-12-31$75,000
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$146,171
Other income received2019-12-31$203,305
Net income (gross income less expenses)2019-12-31$541,149
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,952,935
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,411,786
Assets. Value of assets in partnership/joint-venture interests2019-12-31$50,001
Total contributions received or receivable from employer(s)2019-12-31$116,673
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0

Form 5500 Responses for SCOTT & SALMANOWITZ LLP 401-K PROFIT SHARING PLAN

2022: SCOTT & SALMANOWITZ LLP 401-K 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
2019: SCOTT & SALMANOWITZ LLP 401-K PROFIT SHARING PLAN 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

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