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THE OPEN 401K MEP FIDUCIARY WISE, LLC 401k Plan overview

Plan NameTHE OPEN 401K MEP FIDUCIARY WISE, LLC
Plan identification number 338

THE OPEN 401K MEP FIDUCIARY WISE, LLC 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.
  • 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

FIDUCIARY WISE, LLC FBO RESEARCH IN FLIGHT, LLC has sponsored the creation of one or more 401k plans.

Company Name:FIDUCIARY WISE, LLC FBO RESEARCH IN FLIGHT, LLC
Employer identification number (EIN):364735548
NAIC Classification:336410

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE OPEN 401K MEP FIDUCIARY WISE, LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
3382024-01-01KRISTI DALLEY2024-12-03
3382023-01-01KRISTI DALLEY2024-06-28
3382022-01-01KRISTI DALLEY2023-07-07
3382021-01-01KRISTI DALLEY2022-07-26
3382020-01-01KRISTI DALLEY2021-10-06

Plan Statistics for THE OPEN 401K MEP FIDUCIARY WISE, LLC

401k plan membership statisitcs for THE OPEN 401K MEP FIDUCIARY WISE, LLC

Measure Date Value
2024: THE OPEN 401K MEP FIDUCIARY WISE, LLC 2024 401k membership
Total number of particpants at beginning of year2024-12-0311
Total number of particpants at end of year2024-12-030
Number of Participants With Account Balances2024-12-030
Total number of particpants at beginning of year2024-06-282
Total number of particpants at end of year2024-06-2811
Number of Participants With Account Balances2024-06-2811
2022: THE OPEN 401K MEP FIDUCIARY WISE, LLC 2022 401k membership
Total number of particpants at beginning of year2022-07-262
Total number of particpants at end of year2022-07-262
Number of Participants With Account Balances2022-07-262

Financial Data on THE OPEN 401K MEP FIDUCIARY WISE, LLC

Measure Date Value
2024 : THE OPEN 401K MEP FIDUCIARY WISE, LLC 2024 401k financial data
Total transfers to/from plan in this plan year2024-12-03-136040
Total expenses incurred by plan in this plan year2024-12-031060
Net assets as of the end of the plan year2024-12-030
Total assets as of the beginning of the plan year2024-12-03115998
Value of plan covered by a fidelity bond2024-12-0312000
Participant contributions to plan in this plan year2024-12-033595
Other income to plan in this plan year2024-12-0312816
Plan net income in this plan year2024-12-0320042
Net assets as of the end of the plan year2024-12-030
Net assets as of the beginning of the plan year2024-12-03115998
Employer contributions to plan in this plan year2024-12-034691
Expensese paid to adminstrative service provicers from plan in this plan year2024-12-031060
Total expenses incurred by plan in this plan year2024-06-28609
Net assets as of the end of the plan year2024-06-28115998
Total assets as of the beginning of the plan year2024-06-2878731
Value of plan covered by a fidelity bond2024-06-2810000
Participant contributions to plan in this plan year2024-06-288448
Other income to plan in this plan year2024-06-2816397
Plan net income in this plan year2024-06-2837267
Net assets as of the end of the plan year2024-06-28115998
Net assets as of the beginning of the plan year2024-06-2878731
Employer contributions to plan in this plan year2024-06-2813031
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-28609
2022 : THE OPEN 401K MEP FIDUCIARY WISE, LLC 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-26341
Net assets as of the end of the plan year2022-07-2678519
Total assets as of the beginning of the plan year2022-07-26800
Value of plan covered by a fidelity bond2022-07-2610000
Participant contributions to plan in this plan year2022-07-268107
Other contributions to plan in this plan year2022-07-2655096
Other income to plan in this plan year2022-07-267181
Plan net income in this plan year2022-07-2677719
Net assets as of the end of the plan year2022-07-2678519
Net assets as of the beginning of the plan year2022-07-26800
Employer contributions to plan in this plan year2022-07-267676
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-26341

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