401k Plan data: THE BETTERSWORTH LAW FIRM 401(K) PLAN plan

THE BETTERSWORTH LAW FIRM 401(K) PLAN 401k Plan overview

Plan Name	THE BETTERSWORTH LAW FIRM 401(K) PLAN
Plan identification number	001

THE BETTERSWORTH LAW FIRM 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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.
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

THE BETTERSWORTH LAW FIRM has sponsored the creation of one or more 401k plans.

Company Name: THE BETTERSWORTH LAW FIRM

Employer identification number (EIN): 274396000

NAIC Classification: 541110
NAIC Description: Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE BETTERSWORTH LAW FIRM 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01 JAMES BETTERSWORTH 2020-09-18
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01
001 2013-01-01
001 2012-01-01 LAURIEN SALESBERRY 2013-10-15

Plan Statistics for THE BETTERSWORTH LAW FIRM 401(K) PLAN

401k plan membership statisitcs for THE BETTERSWORTH LAW FIRM 401(K) PLAN

Measure Date Value
2022: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 10
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 6
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 4
Total of all active and inactive participants 2022-01-01 10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 10
Number of participants with account balances 2022-01-01 10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1
2021: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 8
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 5
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 3
Total of all active and inactive participants 2021-01-01 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 8
Number of participants with account balances 2021-01-01 8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 4
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 3
Total of all active and inactive participants 2020-01-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 7
Number of participants with account balances 2020-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 1
2019: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 4
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 2
Total of all active and inactive participants 2019-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 6
Number of participants with account balances 2019-01-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2022: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	10
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	6
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	4
Total of all active and inactive participants	2022-01-01	10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	10
Number of participants with account balances	2022-01-01	10
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1
2021: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	8
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	5
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	3
Total of all active and inactive participants	2021-01-01	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	8
Number of participants with account balances	2021-01-01	8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	4
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	3
Total of all active and inactive participants	2020-01-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	7
Number of participants with account balances	2020-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	1
2019: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	4
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	2
Total of all active and inactive participants	2019-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	6
Number of participants with account balances	2019-01-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on THE BETTERSWORTH LAW FIRM 401(K) PLAN

Measure	Date	Value
2022 : THE BETTERSWORTH LAW FIRM 401(K) PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$0
Expenses. Total of all expenses incurred	2022-12-31	$0
Total plan assets at end of year	2022-12-31	$223,479
Total plan assets at beginning of year	2022-12-31	$223,479
Value of fidelity bond covering the plan	2022-12-31	$22,348
Other income received	2022-12-31	$310,861
Net income (gross income less expenses)	2022-12-31	$0
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$223,479
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$223,479
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$23,706
Total contributions received or receivable from employer(s)	2022-12-31	$60,438
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$25
2021 : THE BETTERSWORTH LAW FIRM 401(K) PLAN 2021 401k financial data
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$-107,074
Expenses. Total of all expenses incurred	2021-12-31	$3,575
Total plan assets at end of year	2021-12-31	$223,479
Total plan assets at beginning of year	2021-12-31	$334,128
Value of fidelity bond covering the plan	2021-12-31	$40,000
Other income received	2021-12-31	$-147,074
Net income (gross income less expenses)	2021-12-31	$-110,649
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$223,479
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$334,128
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$23,706
Total contributions received or receivable from employer(s)	2021-12-31	$40,000
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$3,575
2020 : THE BETTERSWORTH LAW FIRM 401(K) PLAN 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$150,500
Expenses. Total of all expenses incurred	2020-12-31	$18,010
Total plan assets at end of year	2020-12-31	$334,128
Total plan assets at beginning of year	2020-12-31	$201,638
Other income received	2020-12-31	$110,500
Net income (gross income less expenses)	2020-12-31	$132,490
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$334,128
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$201,638
Assets. Value of assets in partnership/joint-venture interests	2020-12-31	$81,989
Total contributions received or receivable from employer(s)	2020-12-31	$40,000
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$18,010
2019 : THE BETTERSWORTH LAW FIRM 401(K) PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$20,011
Expenses. Total of all expenses incurred	2019-12-31	$1,755
Benefits paid (including direct rollovers)	2019-12-31	$0
Total plan assets at end of year	2019-12-31	$201,638
Total plan assets at beginning of year	2019-12-31	$183,382
Total contributions received or receivable from participants	2019-12-31	$0
Expenses. Other expenses not covered elsewhere	2019-12-31	$1,755
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$15,011
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$18,256
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$201,638
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$183,382
Assets. Value of assets in partnership/joint-venture interests	2019-12-31	$200,000
Total contributions received or receivable from employer(s)	2019-12-31	$5,000
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$0

Form 5500 Responses for THE BETTERSWORTH LAW FIRM 401(K) PLAN

2022: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	Yes
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: THE BETTERSWORTH LAW FIRM 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	THE BETTERSWORTH LAW FIRM
Employer identification number (EIN):	274396000
NAIC Classification:	541110
NAIC Description:	Offices of Lawyers