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UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN 401k Plan overview

Plan NameUNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN
Plan identification number 001

UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) 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

UNIVERSITY OF AKRON RESEARCH FOUNDATION has sponsored the creation of one or more 401k plans.

Company Name:UNIVERSITY OF AKRON RESEARCH FOUNDATION
Employer identification number (EIN):341972453
NAIC Classification:611000

Additional information about UNIVERSITY OF AKRON RESEARCH FOUNDATION

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 2001-11-14
Company Identification Number: 1270018
Legal Registered Office Address: 170 UNIVERSITY CIRCLE, GDYR 312
-
AKRON
United States of America (USA)
44325

More information about UNIVERSITY OF AKRON RESEARCH FOUNDATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHRIS HORNE2024-07-23
0012022-01-01KENDALL MARTIS2023-10-13
0012021-01-01KENDALL MARTIS2022-06-16
0012020-01-01KENDALL MARTIS2021-10-07
0012019-01-01DENNY CLUTTER2020-07-27
0012018-01-01MARY ELLEN HINKLE2019-06-18
0012017-01-01MARY ELLEN HINKLE2018-06-12
0012016-01-01MARY ELLEN HINKLE2017-06-26

Plan Statistics for UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN

401k plan membership statisitcs for UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN

Measure Date Value
2025: UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-1816
Total number of particpants at end of year2025-07-1814
Number of Participants With Account Balances2025-07-1813
2024: UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-2312
Total number of particpants at end of year2024-07-2316
Number of Participants With Account Balances2024-07-2316
2022: UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-1638
Total number of particpants at end of year2022-06-1635
Number of Participants With Account Balances2022-06-1615

Financial Data on UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN

Measure Date Value
2025 : UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-180
Total expenses incurred by plan in this plan year2025-07-18457377
Net assets as of the end of the plan year2025-07-18564997
Total assets as of the beginning of the plan year2025-07-18890688
Value of plan covered by a fidelity bond2025-07-1890000
Participant contributions to plan in this plan year2025-07-1830155
Value of participant loans at end of plan year2025-07-184771
Other contributions to plan in this plan year2025-07-180
Other income to plan in this plan year2025-07-1883460
Plan net income in this plan year2025-07-18-325691
Net assets as of the end of the plan year2025-07-18564997
Net assets as of the beginning of the plan year2025-07-18890688
Value of contributions failed to transmitted timely2025-07-18199
Employer contributions to plan in this plan year2025-07-1818071
Fees paid to broker by Benefit Provider2025-07-180
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-183805
2024 : UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-230
Total expenses incurred by plan in this plan year2024-07-2320410
Net assets as of the end of the plan year2024-07-23890688
Total assets as of the beginning of the plan year2024-07-23748993
Value of plan covered by a fidelity bond2024-07-2380000
Participant contributions to plan in this plan year2024-07-2344738
Value of participant loans at end of plan year2024-07-230
Other contributions to plan in this plan year2024-07-230
Other income to plan in this plan year2024-07-23109110
Plan net income in this plan year2024-07-23141695
Net assets as of the end of the plan year2024-07-23890688
Net assets as of the beginning of the plan year2024-07-23748993
Value of contributions failed to transmitted timely2024-07-230
Employer contributions to plan in this plan year2024-07-238257
Fees paid to broker by Benefit Provider2024-07-230
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-231061
2022 : UNIVERSITY OF AKRON RESEARCH FOUNDATION 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-160
Total expenses incurred by plan in this plan year2022-06-1627659
Net assets as of the end of the plan year2022-06-16815556
Total assets as of the beginning of the plan year2022-06-16750780
Value of plan covered by a fidelity bond2022-06-16125000
Participant contributions to plan in this plan year2022-06-1616154
Other expenses paid from plan in this plan year2022-06-160
Other contributions to plan in this plan year2022-06-160
Other income to plan in this plan year2022-06-1666920
Plan net income in this plan year2022-06-1664776
Net assets as of the end of the plan year2022-06-16815556
Net assets as of the beginning of the plan year2022-06-16750780
Employer contributions to plan in this plan year2022-06-169361
Fees paid to broker by Benefit Provider2022-06-166197
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-16320

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