?>
Logo

THE 401(K) PROFIT SHARING PLAN OF MARC J SHUMAN & ASSOCIATES LTD 401k Plan overview

Plan NameTHE 401(K) PROFIT SHARING PLAN OF MARC J SHUMAN & ASSOCIATES LTD
Plan identification number 001

THE 401(K) PROFIT SHARING PLAN OF MARC J SHUMAN & ASSOCIATES LTD 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

MARC J SHUMAN & ASSOCIATES, LTD has sponsored the creation of one or more 401k plans.

Company Name:MARC J SHUMAN & ASSOCIATES, LTD
Employer identification number (EIN):364307920
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE 401(K) PROFIT SHARING PLAN OF MARC J SHUMAN & ASSOCIATES LTD

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DAVID S SHUMAN, CPA, CFO2024-07-10
0012022-01-01MARC SHUMAN2023-10-03
0012021-01-01MARC SHUMAN2022-05-31
0012020-01-01MARC SHUMAN2021-09-20
0012018-01-01MARC SHUMAN2019-08-06
0012017-01-01MARC SHUMAN2018-10-11
0012016-01-01MARC J. SHUMAN2017-06-14
0012015-01-01
0012014-01-01MARC J. SHUMAN2015-04-22
0012013-01-01MARC J SHUMAN2014-05-07 MARC J SHUMAN2014-05-07
0012012-01-01MARC J. SHUMAN2013-06-13 MARC J. SHUMAN2013-06-13
0012011-01-01MARC J. SHUMAN2012-07-11 MARC J SHUMAN2012-07-11
0012010-01-01MARC J. SHUMAN2011-06-08

Plan Statistics for THE 401(K) PROFIT SHARING PLAN OF MARC J SHUMAN & ASSOCIATES LTD

401k plan membership statisitcs for THE 401(K) PROFIT SHARING PLAN OF MARC J SHUMAN & ASSOCIATES LTD

Measure Date Value
2024: THE 401(K) PROFIT SHARING PLAN OF MARC J SHUMAN & ASSOCIATES LTD 2024 401k membership
Total number of particpants at beginning of year2024-07-1017
Total number of particpants at end of year2024-07-1020
Number of Participants With Account Balances2024-07-108
2022: THE 401(K) PROFIT SHARING PLAN OF MARC J SHUMAN & ASSOCIATES LTD 2022 401k membership
Total number of particpants at beginning of year2022-05-319
Total number of particpants at end of year2022-05-3113
Number of Participants With Account Balances2022-05-318

Financial Data on THE 401(K) PROFIT SHARING PLAN OF MARC J SHUMAN & ASSOCIATES LTD

Measure Date Value
2024 : THE 401(K) PROFIT SHARING PLAN OF MARC J SHUMAN & ASSOCIATES LTD 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-10138955
Net assets as of the end of the plan year2024-07-10979986
Total assets as of the beginning of the plan year2024-07-10868630
Value of plan covered by a fidelity bond2024-07-10100000
Participant contributions to plan in this plan year2024-07-1091695
Value of participant loans at end of plan year2024-07-1026645
Other contributions to plan in this plan year2024-07-100
Other income to plan in this plan year2024-07-10156962
Plan net income in this plan year2024-07-10111356
Net assets as of the end of the plan year2024-07-10979986
Net assets as of the beginning of the plan year2024-07-10868630
Employer contributions to plan in this plan year2024-07-101654
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-1011609
2022 : THE 401(K) PROFIT SHARING PLAN OF MARC J SHUMAN & ASSOCIATES LTD 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-319795
Net assets as of the end of the plan year2022-05-31918389
Total assets as of the beginning of the plan year2022-05-31733695
Value of plan covered by a fidelity bond2022-05-31100000
Participant contributions to plan in this plan year2022-05-3136682
Other income to plan in this plan year2022-05-31135348
Plan net income in this plan year2022-05-31184694
Net assets as of the end of the plan year2022-05-31918389
Net assets as of the beginning of the plan year2022-05-31733695
Employer contributions to plan in this plan year2022-05-3122459
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-319787

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3