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ACTION AIR CONDITIONING, INC. PROFIT SHARING 401(K) PLAN 401k Plan overview

Plan NameACTION AIR CONDITIONING, INC. PROFIT SHARING 401(K) PLAN
Plan identification number 001

ACTION AIR CONDITIONING, INC. PROFIT SHARING 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.
  • 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

ACTION AIR CONDITIONING, INC. has sponsored the creation of one or more 401k plans.

Company Name:ACTION AIR CONDITIONING, INC.
Employer identification number (EIN):371468273
NAIC Classification:811490
NAIC Description:Other Personal and Household Goods Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ACTION AIR CONDITIONING, INC. PROFIT SHARING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MICHAEL J. SALMON2024-04-30 MICHAEL J. SALMON2024-04-30
0012022-01-01MICHAEL J. SALMON2023-08-02 MICHAEL J. SALMON2023-08-02
0012021-01-01MICHAEL J. SALMON2022-10-02 MICHAEL J. SALMON2022-10-02
0012020-04-01MICHAEL J SALMON2021-05-03 MICHAEL J SALMON2021-05-03
0012019-04-01MICHAEL SALMON2020-06-02 MICHAEL SALMON2020-06-02
0012018-04-01MICHAEL J. SALMON2019-10-01 MICHAEL J. SALMON2019-10-01
0012017-04-01MICHAEL J. SALMON2018-10-10 MICHAEL J. SALMON2018-10-10
0012016-04-01MICHAEL SALMON2017-07-10 MICHAEL SALMON2017-07-10
0012015-04-01MICHAEL J. SALMON2016-08-11 MICHAEL J. SALMON2016-08-11
0012014-04-01MICHAEL SALMON2015-06-15 MICHAEL SALMON2015-06-15
0012013-04-01MICHAEL J. SALMON2014-06-26 MICHAEL J. SALMON2014-06-26
0012012-04-01MICHAEL J. SALMON2013-06-05 MICHAEL J. SALMON2013-06-05
0012011-04-01MICHAEL SALMON2012-06-27 MICHAEL SALMON2012-06-27
0012010-04-01MICHAEL SALMON2012-01-10 MICHAEL SALMON2012-01-10

Financial Data on ACTION AIR CONDITIONING, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2025 : ACTION AIR CONDITIONING, INC. PROFIT SHARING 401(K) PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-02-110
Total liabilities as of the beginning of the plan year2025-02-110
Total expenses incurred by plan in this plan year2025-02-1196377
Net assets as of the end of the plan year2025-02-113459698
Total assets as of the beginning of the plan year2025-02-112969392
Value of plan covered by a fidelity bond2025-02-11400000
Participant contributions to plan in this plan year2025-02-11170270
Value of participant loans at end of plan year2025-02-1135984
Other expenses paid from plan in this plan year2025-02-1127918
Other contributions to plan in this plan year2025-02-110
Other income to plan in this plan year2025-02-11366667
Plan net income in this plan year2025-02-11490306
Net assets as of the end of the plan year2025-02-113459698
Net assets as of the beginning of the plan year2025-02-112969392
Employer contributions to plan in this plan year2025-02-1149746
Fees paid to broker by Benefit Provider2025-02-118263
Expensese paid to adminstrative service provicers from plan in this plan year2025-02-110
2024 : ACTION AIR CONDITIONING, INC. PROFIT SHARING 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-300
Total liabilities as of the end of the plan year2024-04-300
Total liabilities as of the beginning of the plan year2024-04-300
Total expenses incurred by plan in this plan year2024-04-3055796
Net assets as of the end of the plan year2024-04-302969392
Total assets as of the beginning of the plan year2024-04-302458123
Value of plan covered by a fidelity bond2024-04-30400000
Participant contributions to plan in this plan year2024-04-30143614
Value of participant loans at end of plan year2024-04-3043107
Other expenses paid from plan in this plan year2024-04-300
Other contributions to plan in this plan year2024-04-300
Other income to plan in this plan year2024-04-30379423
Plan net income in this plan year2024-04-30511269
Net assets as of the end of the plan year2024-04-302969392
Net assets as of the beginning of the plan year2024-04-302458123
Employer contributions to plan in this plan year2024-04-3044028
Fees paid to broker by Benefit Provider2024-04-306938
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-3032016
2022 : ACTION AIR CONDITIONING, INC. PROFIT SHARING 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-030
Total liabilities as of the end of the plan year2022-10-030
Total liabilities as of the beginning of the plan year2022-10-030
Total expenses incurred by plan in this plan year2022-10-03319413
Net assets as of the end of the plan year2022-10-032789811
Total assets as of the beginning of the plan year2022-10-032636754
Value of plan covered by a fidelity bond2022-10-03400000
Participant contributions to plan in this plan year2022-10-03127330
Value of participant loans at end of plan year2022-10-0336193
Other expenses paid from plan in this plan year2022-10-030
Other contributions to plan in this plan year2022-10-030
Other income to plan in this plan year2022-10-03338768
Plan net income in this plan year2022-10-03153057
Net assets as of the end of the plan year2022-10-032789811
Net assets as of the beginning of the plan year2022-10-032636754
Employer contributions to plan in this plan year2022-10-036372
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-0327860

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