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FIRST COMPANIES, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameFIRST COMPANIES, INC. PROFIT SHARING PLAN
Plan identification number 002

FIRST COMPANIES, INC. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.

401k Sponsoring company profile

FIRST COMPANIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:FIRST COMPANIES, INC.
Employer identification number (EIN):382042231
NAIC Classification:531310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST COMPANIES, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01JEFFREY BAKER2023-10-12
0022021-01-01JEFFREY BAKER2022-08-30
0022020-01-01JEFFREY BAKER2021-10-06
0022019-01-01JEFFREY BAKER2020-10-07
0022018-01-01JEFFREY BAKER2019-10-03
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01
0022013-01-01
0022012-01-01JEFFREY BAKER
0022011-01-01JEFFREY BAKER
0022009-01-01JEFFREY BAKER

Plan Statistics for FIRST COMPANIES, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for FIRST COMPANIES, INC. PROFIT SHARING PLAN

Measure Date Value
2022: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-011
Total of all active and inactive participants2022-01-011
Total participants2022-01-011
Number of participants with account balances2022-01-011
2021: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-011
Total of all active and inactive participants2021-01-011
Total participants2021-01-011
Number of participants with account balances2021-01-011
2020: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-011
Total of all active and inactive participants2020-01-011
Total participants2020-01-011
Number of participants with account balances2020-01-011
2019: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-011
Total of all active and inactive participants2019-01-011
Total participants2019-01-011
Number of participants with account balances2019-01-011
2018: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-011
Total participants2018-01-011
Number of participants with account balances2018-01-011
2017: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-011
Number of other retired or separated participants entitled to future benefits2017-01-011
Total of all active and inactive participants2017-01-011
Total participants2017-01-011
Number of participants with account balances2017-01-011
2016: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-011
Total participants2016-01-011
Number of participants with account balances2016-01-011
2015: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-011
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-011
Total participants2015-01-011
Number of participants with account balances2015-01-011
2014: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-011
Total of all active and inactive participants2014-01-011
Total participants2014-01-011
Number of participants with account balances2014-01-011
2013: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-011
Total participants2013-01-011
Number of participants with account balances2013-01-011
2012: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-011
Total participants2012-01-011
Number of participants with account balances2012-01-011
2011: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-011
Total participants2011-01-011
Number of participants with account balances2011-01-011
2009: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-011
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-011
Total participants2009-01-011
Number of participants with account balances2009-01-011

Financial Data on FIRST COMPANIES, INC. PROFIT SHARING PLAN

Measure Date Value
2022 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources2022-12-31$3,548
Expenses. Total of all expenses incurred2022-12-31$28,534
Benefits paid (including direct rollovers)2022-12-31$22,302
Total plan assets at end of year2022-12-31$447,521
Total plan assets at beginning of year2022-12-31$472,507
Value of fidelity bond covering the plan2022-12-31$130,000
Expenses. Other expenses not covered elsewhere2022-12-31$71
Other income received2022-12-31$3,548
Net income (gross income less expenses)2022-12-31$-24,986
Net plan assets at end of year (total assets less liabilities)2022-12-31$447,521
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$472,507
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$6,161
2021 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2021 401k financial data
Total plan liabilities at beginning of year2021-12-31$110,000
Total income from all sources2021-12-31$15,266
Expenses. Total of all expenses incurred2021-12-31$56,275
Benefits paid (including direct rollovers)2021-12-31$50,000
Total plan assets at end of year2021-12-31$472,507
Total plan assets at beginning of year2021-12-31$623,516
Value of fidelity bond covering the plan2021-12-31$130,000
Expenses. Other expenses not covered elsewhere2021-12-31$90
Other income received2021-12-31$15,266
Net income (gross income less expenses)2021-12-31$-41,009
Net plan assets at end of year (total assets less liabilities)2021-12-31$472,507
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$513,516
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$6,185
2020 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$110,000
Total income from all sources2020-12-31$29,525
Expenses. Total of all expenses incurred2020-12-31$605,959
Benefits paid (including direct rollovers)2020-12-31$600,000
Total plan assets at end of year2020-12-31$623,516
Total plan assets at beginning of year2020-12-31$1,089,950
Value of fidelity bond covering the plan2020-12-31$130,000
Expenses. Other expenses not covered elsewhere2020-12-31$46
Other income received2020-12-31$29,525
Net income (gross income less expenses)2020-12-31$-576,434
Net plan assets at end of year (total assets less liabilities)2020-12-31$513,516
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,089,950
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$5,913
2019 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$15,636
Expenses. Total of all expenses incurred2019-12-31$55,670
Benefits paid (including direct rollovers)2019-12-31$50,000
Total plan assets at end of year2019-12-31$1,089,950
Total plan assets at beginning of year2019-12-31$1,129,984
Value of fidelity bond covering the plan2019-12-31$130,000
Expenses. Other expenses not covered elsewhere2019-12-31$1,770
Other income received2019-12-31$15,636
Net income (gross income less expenses)2019-12-31$-40,034
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,089,950
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,129,984
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$3,900
2018 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$43,036
Expenses. Total of all expenses incurred2018-12-31$54,898
Benefits paid (including direct rollovers)2018-12-31$50,000
Total plan assets at end of year2018-12-31$1,129,984
Total plan assets at beginning of year2018-12-31$1,141,846
Value of fidelity bond covering the plan2018-12-31$130,000
Expenses. Other expenses not covered elsewhere2018-12-31$448
Other income received2018-12-31$43,036
Net income (gross income less expenses)2018-12-31$-11,862
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,129,984
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,141,846
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$4,450
2017 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$-14,000
Expenses. Total of all expenses incurred2017-12-31$56,083
Benefits paid (including direct rollovers)2017-12-31$50,000
Total plan assets at end of year2017-12-31$1,141,846
Total plan assets at beginning of year2017-12-31$1,211,929
Value of fidelity bond covering the plan2017-12-31$130,000
Assets. Value of loans (other than to participants)2017-12-31$523,912
Expenses. Other expenses not covered elsewhere2017-12-31$978
Other income received2017-12-31$-14,000
Net income (gross income less expenses)2017-12-31$-70,083
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,141,846
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,211,929
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$5,105
2016 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2016 401k financial data
Total plan liabilities at beginning of year2016-12-31$5,000
Total income from all sources2016-12-31$30,375
Expenses. Total of all expenses incurred2016-12-31$61,166
Benefits paid (including direct rollovers)2016-12-31$50,000
Total plan assets at end of year2016-12-31$1,211,929
Total plan assets at beginning of year2016-12-31$1,247,720
Value of fidelity bond covering the plan2016-12-31$130,000
Assets. Value of loans (other than to participants)2016-12-31$416,779
Expenses. Other expenses not covered elsewhere2016-12-31$5,851
Other income received2016-12-31$30,375
Net income (gross income less expenses)2016-12-31$-30,791
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,211,929
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,242,720
Assets. Value of real-estate (other than employer real property)2016-12-31$84,800
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$5,315
2015 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$5,000
Total plan liabilities at beginning of year2015-12-31$10,000
Total income from all sources2015-12-31$30,049
Expenses. Total of all expenses incurred2015-12-31$64,197
Benefits paid (including direct rollovers)2015-12-31$48,751
Total plan assets at end of year2015-12-31$1,247,720
Total plan assets at beginning of year2015-12-31$1,286,868
Value of fidelity bond covering the plan2015-12-31$130,000
Assets. Value of loans (other than to participants)2015-12-31$426,072
Expenses. Other expenses not covered elsewhere2015-12-31$10,166
Other income received2015-12-31$30,049
Net income (gross income less expenses)2015-12-31$-34,148
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,242,720
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,276,868
Assets. Value of real-estate (other than employer real property)2015-12-31$120,200
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$5,280
2014 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$10,000
Total income from all sources2014-12-31$37,714
Expenses. Total of all expenses incurred2014-12-31$17,224
Total plan assets at end of year2014-12-31$1,286,868
Total plan assets at beginning of year2014-12-31$1,256,378
Value of fidelity bond covering the plan2014-12-31$130,000
Assets. Value of loans (other than to participants)2014-12-31$422,270
Expenses. Other expenses not covered elsewhere2014-12-31$11,581
Other income received2014-12-31$37,714
Net income (gross income less expenses)2014-12-31$20,490
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,276,868
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,256,378
Assets. Value of real-estate (other than employer real property)2014-12-31$204,400
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$5,643
2013 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$10,854
Expenses. Total of all expenses incurred2013-12-31$9,732
Total plan assets at end of year2013-12-31$1,256,378
Total plan assets at beginning of year2013-12-31$1,255,256
Value of fidelity bond covering the plan2013-12-31$130,000
Assets. Value of loans (other than to participants)2013-12-31$444,046
Expenses. Other expenses not covered elsewhere2013-12-31$4,872
Other income received2013-12-31$10,854
Net income (gross income less expenses)2013-12-31$1,122
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,256,378
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,255,256
Assets. Value of real-estate (other than employer real property)2013-12-31$274,600
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$4,860
2012 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$4,300
Expenses. Total of all expenses incurred2012-12-31$12,750
Total plan assets at end of year2012-12-31$1,255,256
Total plan assets at beginning of year2012-12-31$1,263,706
Value of fidelity bond covering the plan2012-12-31$130,000
Assets. Value of loans (other than to participants)2012-12-31$267,685
Expenses. Other expenses not covered elsewhere2012-12-31$8,650
Other income received2012-12-31$4,300
Net income (gross income less expenses)2012-12-31$-8,450
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,255,256
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,263,706
Assets. Value of real-estate (other than employer real property)2012-12-31$362,600
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$4,100
2011 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$9,437
Expenses. Total of all expenses incurred2011-12-31$17,786
Total plan assets at end of year2011-12-31$1,263,706
Total plan assets at beginning of year2011-12-31$1,272,055
Value of fidelity bond covering the plan2011-12-31$125,000
Assets. Value of loans (other than to participants)2011-12-31$213,119
Other income received2011-12-31$9,437
Net income (gross income less expenses)2011-12-31$-8,349
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,263,706
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,272,055
Assets. Value of real-estate (other than employer real property)2011-12-31$412,768
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$17,786
2010 : FIRST COMPANIES, INC. PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$34,127
Expenses. Total of all expenses incurred2010-12-31$14,703
Total plan assets at end of year2010-12-31$1,272,055
Total plan assets at beginning of year2010-12-31$1,252,631
Value of fidelity bond covering the plan2010-12-31$125,000
Assets. Value of loans (other than to participants)2010-12-31$611,316
Other income received2010-12-31$34,127
Net income (gross income less expenses)2010-12-31$19,424
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,272,055
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,252,631
Assets. Value of real-estate (other than employer real property)2010-12-31$423,342
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$14,703

Form 5500 Responses for FIRST COMPANIES, INC. PROFIT SHARING PLAN

2022: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: FIRST COMPANIES, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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