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EAST COAST MARINE LLC 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameEAST COAST MARINE LLC 401K PROFIT SHARING PLAN
Plan identification number 001

EAST COAST MARINE LLC 401K 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
  • 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

EAST COAST MARINE LLC has sponsored the creation of one or more 401k plans.

Company Name:EAST COAST MARINE LLC
Employer identification number (EIN):300706656
NAIC Classification:441222
NAIC Description:Boat Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EAST COAST MARINE LLC 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JAUNITA BELL2024-06-21
0012022-01-01JAUNITA BELL2023-09-11
0012021-10-01BRUCE LAPORTA2022-07-27

Plan Statistics for EAST COAST MARINE LLC 401K PROFIT SHARING PLAN

401k plan membership statisitcs for EAST COAST MARINE LLC 401K PROFIT SHARING PLAN

Measure Date Value
2025: EAST COAST MARINE LLC 401K PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-047
Total number of particpants at end of year2025-06-048
Number of Participants With Account Balances2025-06-048
2024: EAST COAST MARINE LLC 401K PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-215
Total number of particpants at end of year2024-06-217
Number of Participants With Account Balances2024-06-217
2022: EAST COAST MARINE LLC 401K PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-276
Total number of particpants at end of year2022-07-276
Number of Participants With Account Balances2022-07-276

Financial Data on EAST COAST MARINE LLC 401K PROFIT SHARING PLAN

Measure Date Value
2025 : EAST COAST MARINE LLC 401K PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-0432095
Net assets as of the end of the plan year2025-06-04415033
Total assets as of the beginning of the plan year2025-06-04272041
Value of plan covered by a fidelity bond2025-06-0428000
Participant contributions to plan in this plan year2025-06-0432005
Value of participant loans at end of plan year2025-06-043246
Other income to plan in this plan year2025-06-0445461
Plan net income in this plan year2025-06-04142992
Net assets as of the end of the plan year2025-06-04415033
Net assets as of the beginning of the plan year2025-06-04272041
Employer contributions to plan in this plan year2025-06-0497621
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-042095
2024 : EAST COAST MARINE LLC 401K PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-212125
Net assets as of the end of the plan year2024-06-21272041
Total assets as of the beginning of the plan year2024-06-21116979
Value of plan covered by a fidelity bond2024-06-2112000
Participant contributions to plan in this plan year2024-06-2130505
Value of participant loans at end of plan year2024-06-214028
Other income to plan in this plan year2024-06-2134867
Plan net income in this plan year2024-06-21155062
Net assets as of the end of the plan year2024-06-21272041
Net assets as of the beginning of the plan year2024-06-21116979
Employer contributions to plan in this plan year2024-06-2191815
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-212125
2022 : EAST COAST MARINE LLC 401K PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-270
Net assets as of the end of the plan year2022-07-2715574
Value of plan covered by a fidelity bond2022-07-271000
Participant contributions to plan in this plan year2022-07-2710956
Other income to plan in this plan year2022-07-27150
Plan net income in this plan year2022-07-2715574
Net assets as of the end of the plan year2022-07-2715574
Net assets as of the beginning of the plan year2022-07-270
Employer contributions to plan in this plan year2022-07-274468

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