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MICHAEL P. BERMAN PC PROFIT SHARING TRUST 401k Plan overview

Plan NameMICHAEL P. BERMAN PC PROFIT SHARING TRUST
Plan identification number 001

MICHAEL P. BERMAN PC PROFIT SHARING TRUST 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

MICHAEL P. BERMAN, P.C. has sponsored the creation of one or more 401k plans.

Company Name:MICHAEL P. BERMAN, P.C.
Employer identification number (EIN):382694747
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICHAEL P. BERMAN PC PROFIT SHARING TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-10-01MICHAEL P. BERMAN2023-07-12
0012020-10-01MICHAEL P. BERMAN2022-07-06 MICHAEL P. BERMAN2022-07-06
0012019-10-01MICHAEL P. BERMAN2021-07-06 MICHAEL P. BERMAN2021-07-06
0012018-10-01MICHAEL P. BERMAN2020-07-09 MICHAEL P. BERMAN2020-07-09
0012017-10-01MICHAEL P. BERMAN2019-07-01 MICHAEL P. BERMAN2019-07-01
0012016-10-01MICHAEL P. BERMAN MICHAEL P. BERMAN2018-07-10
0012015-10-01
0012014-10-01MICHAEL P. BERMAN MICHAEL P. BERMAN2016-07-12
0012013-10-01MICHAEL P. BERMAN MICHAEL P. BERMAN2015-07-14
0012012-10-01MICHAEL P. BERMAN MICHAEL P. BERMAN2014-07-10
0012011-10-01MICHAEL P. BERMAN MICHAEL P. BERMAN2013-06-17
0012010-10-01MICHAEL P. BERMAN MICHAEL P. BERMAN2012-07-10
0012009-10-01MICHAEL P. BERMAN
0012008-10-01

Plan Statistics for MICHAEL P. BERMAN PC PROFIT SHARING TRUST

401k plan membership statisitcs for MICHAEL P. BERMAN PC PROFIT SHARING TRUST

Measure Date Value
2016: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2016 401k membership
Total participants, beginning-of-year2016-10-015
Total number of active participants reported on line 7a of the Form 55002016-10-016
Number of retired or separated participants receiving benefits2016-10-010
Number of other retired or separated participants entitled to future benefits2016-10-010
Total of all active and inactive participants2016-10-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-10-010
Total participants2016-10-016
Number of participants with account balances2016-10-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-10-010
2015: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2015 401k membership
Total participants, beginning-of-year2015-10-016
Total number of active participants reported on line 7a of the Form 55002015-10-015
Number of retired or separated participants receiving benefits2015-10-010
Number of other retired or separated participants entitled to future benefits2015-10-010
Total of all active and inactive participants2015-10-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-10-010
Total participants2015-10-015
Number of participants with account balances2015-10-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-10-010
2014: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2014 401k membership
Total participants, beginning-of-year2014-10-016
Total number of active participants reported on line 7a of the Form 55002014-10-016
Number of retired or separated participants receiving benefits2014-10-010
Number of other retired or separated participants entitled to future benefits2014-10-010
Total of all active and inactive participants2014-10-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-10-010
Total participants2014-10-016
Number of participants with account balances2014-10-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-10-010
2013: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2013 401k membership
Total participants, beginning-of-year2013-10-016
Total number of active participants reported on line 7a of the Form 55002013-10-016
Number of retired or separated participants receiving benefits2013-10-010
Number of other retired or separated participants entitled to future benefits2013-10-010
Total of all active and inactive participants2013-10-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-10-010
Total participants2013-10-016
Number of participants with account balances2013-10-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-10-010
2012: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2012 401k membership
Total participants, beginning-of-year2012-10-016
Total number of active participants reported on line 7a of the Form 55002012-10-016
Number of retired or separated participants receiving benefits2012-10-010
Number of other retired or separated participants entitled to future benefits2012-10-010
Total of all active and inactive participants2012-10-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-10-010
Total participants2012-10-016
Number of participants with account balances2012-10-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-10-010
2011: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2011 401k membership
Total participants, beginning-of-year2011-10-016
Total number of active participants reported on line 7a of the Form 55002011-10-016
Number of retired or separated participants receiving benefits2011-10-010
Number of other retired or separated participants entitled to future benefits2011-10-010
Total of all active and inactive participants2011-10-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-10-010
Total participants2011-10-016
Number of participants with account balances2011-10-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-10-010
2010: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2010 401k membership
Total participants, beginning-of-year2010-10-015
Total number of active participants reported on line 7a of the Form 55002010-10-016
Number of retired or separated participants receiving benefits2010-10-010
Number of other retired or separated participants entitled to future benefits2010-10-010
Total of all active and inactive participants2010-10-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-10-010
Total participants2010-10-016
Number of participants with account balances2010-10-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-10-010
2009: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2009 401k membership
Total participants, beginning-of-year2009-10-015
Total number of active participants reported on line 7a of the Form 55002009-10-015
Number of retired or separated participants receiving benefits2009-10-010
Number of other retired or separated participants entitled to future benefits2009-10-010
Total of all active and inactive participants2009-10-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-10-010
Total participants2009-10-015
Number of participants with account balances2009-10-015

Financial Data on MICHAEL P. BERMAN PC PROFIT SHARING TRUST

Measure Date Value
2017 : MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2017 401k financial data
Total income from all sources2017-09-30$182,174
Expenses. Total of all expenses incurred2017-09-30$5,968
Total plan assets at end of year2017-09-30$1,770,129
Total plan assets at beginning of year2017-09-30$1,593,923
Value of fidelity bond covering the plan2017-09-30$250,000
Total contributions received or receivable from participants2017-09-30$60,814
Expenses. Other expenses not covered elsewhere2017-09-30$5,968
Other income received2017-09-30$91,608
Net income (gross income less expenses)2017-09-30$176,206
Net plan assets at end of year (total assets less liabilities)2017-09-30$1,770,129
Net plan assets at beginning of year (total assets less liabilities)2017-09-30$1,593,923
Total contributions received or receivable from employer(s)2017-09-30$29,752
2016 : MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2016 401k financial data
Total income from all sources2016-09-30$172,651
Expenses. Total of all expenses incurred2016-09-30$38,459
Benefits paid (including direct rollovers)2016-09-30$31,277
Total plan assets at end of year2016-09-30$1,593,923
Total plan assets at beginning of year2016-09-30$1,459,731
Value of fidelity bond covering the plan2016-09-30$250,000
Total contributions received or receivable from participants2016-09-30$42,000
Expenses. Other expenses not covered elsewhere2016-09-30$7,182
Other income received2016-09-30$102,823
Net income (gross income less expenses)2016-09-30$134,192
Net plan assets at end of year (total assets less liabilities)2016-09-30$1,593,923
Net plan assets at beginning of year (total assets less liabilities)2016-09-30$1,459,731
Total contributions received or receivable from employer(s)2016-09-30$27,828
2015 : MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2015 401k financial data
Total income from all sources2015-09-30$16,312
Expenses. Total of all expenses incurred2015-09-30$6,888
Total plan assets at end of year2015-09-30$1,459,731
Total plan assets at beginning of year2015-09-30$1,450,307
Value of fidelity bond covering the plan2015-09-30$150,000
Total contributions received or receivable from participants2015-09-30$40,500
Expenses. Other expenses not covered elsewhere2015-09-30$6,888
Other income received2015-09-30$-71,455
Net income (gross income less expenses)2015-09-30$9,424
Net plan assets at end of year (total assets less liabilities)2015-09-30$1,459,731
Net plan assets at beginning of year (total assets less liabilities)2015-09-30$1,450,307
Total contributions received or receivable from employer(s)2015-09-30$47,267
2014 : MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2014 401k financial data
Total income from all sources2014-09-30$145,822
Expenses. Total of all expenses incurred2014-09-30$6,180
Total plan assets at end of year2014-09-30$1,450,307
Total plan assets at beginning of year2014-09-30$1,310,665
Value of fidelity bond covering the plan2014-09-30$150,000
Total contributions received or receivable from participants2014-09-30$40,500
Expenses. Other expenses not covered elsewhere2014-09-30$6,180
Other income received2014-09-30$58,639
Net income (gross income less expenses)2014-09-30$139,642
Net plan assets at end of year (total assets less liabilities)2014-09-30$1,450,307
Net plan assets at beginning of year (total assets less liabilities)2014-09-30$1,310,665
Total contributions received or receivable from employer(s)2014-09-30$46,683
2013 : MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2013 401k financial data
Total income from all sources2013-09-30$197,766
Expenses. Total of all expenses incurred2013-09-30$4,524
Total plan assets at end of year2013-09-30$1,310,665
Total plan assets at beginning of year2013-09-30$1,117,423
Value of fidelity bond covering the plan2013-09-30$150,000
Total contributions received or receivable from participants2013-09-30$31,500
Expenses. Other expenses not covered elsewhere2013-09-30$4,524
Other income received2013-09-30$118,360
Net income (gross income less expenses)2013-09-30$193,242
Net plan assets at end of year (total assets less liabilities)2013-09-30$1,310,665
Net plan assets at beginning of year (total assets less liabilities)2013-09-30$1,117,423
Total contributions received or receivable from employer(s)2013-09-30$47,906
2012 : MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2012 401k financial data
Total income from all sources2012-09-30$161,418
Expenses. Total of all expenses incurred2012-09-30$75
Total plan assets at end of year2012-09-30$1,117,423
Total plan assets at beginning of year2012-09-30$956,080
Value of fidelity bond covering the plan2012-09-30$130,000
Total contributions received or receivable from participants2012-09-30$41,500
Expenses. Other expenses not covered elsewhere2012-09-30$75
Other income received2012-09-30$76,477
Net income (gross income less expenses)2012-09-30$161,343
Net plan assets at end of year (total assets less liabilities)2012-09-30$1,117,423
Net plan assets at beginning of year (total assets less liabilities)2012-09-30$956,080
Total contributions received or receivable from employer(s)2012-09-30$43,441
2011 : MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2011 401k financial data
Total income from all sources2011-09-30$39,708
Expenses. Total of all expenses incurred2011-09-30$105
Total plan assets at end of year2011-09-30$956,080
Total plan assets at beginning of year2011-09-30$916,477
Value of fidelity bond covering the plan2011-09-30$100,000
Total contributions received or receivable from participants2011-09-30$45,500
Expenses. Other expenses not covered elsewhere2011-09-30$105
Other income received2011-09-30$-48,045
Net income (gross income less expenses)2011-09-30$39,603
Net plan assets at end of year (total assets less liabilities)2011-09-30$956,080
Net plan assets at beginning of year (total assets less liabilities)2011-09-30$916,477
Total contributions received or receivable from employer(s)2011-09-30$42,253

Form 5500 Responses for MICHAEL P. BERMAN PC PROFIT SHARING TRUST

2016: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2016 form 5500 responses
2016-10-01Type of plan entitySingle employer plan
2016-10-01Plan funding arrangement – InsuranceYes
2016-10-01Plan funding arrangement – TrustYes
2016-10-01Plan benefit arrangement – InsuranceYes
2016-10-01Plan benefit arrangement - TrustYes
2015: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2015 form 5500 responses
2015-10-01Type of plan entitySingle employer plan
2015-10-01Plan funding arrangement – InsuranceYes
2015-10-01Plan funding arrangement – TrustYes
2015-10-01Plan benefit arrangement – InsuranceYes
2015-10-01Plan benefit arrangement - TrustYes
2014: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2014 form 5500 responses
2014-10-01Type of plan entitySingle employer plan
2014-10-01Plan funding arrangement – InsuranceYes
2014-10-01Plan funding arrangement – TrustYes
2014-10-01Plan benefit arrangement – InsuranceYes
2014-10-01Plan benefit arrangement - TrustYes
2013: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2013 form 5500 responses
2013-10-01Type of plan entitySingle employer plan
2013-10-01Plan funding arrangement – InsuranceYes
2013-10-01Plan funding arrangement – TrustYes
2013-10-01Plan benefit arrangement – InsuranceYes
2013-10-01Plan benefit arrangement - TrustYes
2012: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2012 form 5500 responses
2012-10-01Type of plan entitySingle employer plan
2012-10-01Plan funding arrangement – InsuranceYes
2012-10-01Plan funding arrangement – TrustYes
2012-10-01Plan benefit arrangement – InsuranceYes
2012-10-01Plan benefit arrangement - TrustYes
2011: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2011 form 5500 responses
2011-10-01Type of plan entitySingle employer plan
2011-10-01Plan funding arrangement – InsuranceYes
2011-10-01Plan funding arrangement – TrustYes
2011-10-01Plan benefit arrangement – InsuranceYes
2011-10-01Plan benefit arrangement - TrustYes
2010: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2010 form 5500 responses
2010-10-01Type of plan entitySingle employer plan
2010-10-01Plan funding arrangement – InsuranceYes
2010-10-01Plan funding arrangement – TrustYes
2010-10-01Plan benefit arrangement – InsuranceYes
2010-10-01Plan benefit arrangement - TrustYes
2009: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2009 form 5500 responses
2009-10-01Type of plan entitySingle employer plan
2009-10-01Plan funding arrangement – InsuranceYes
2009-10-01Plan funding arrangement – TrustYes
2009-10-01Plan benefit arrangement – InsuranceYes
2009-10-01Plan benefit arrangement - TrustYes
2008: MICHAEL P. BERMAN PC PROFIT SHARING TRUST 2008 form 5500 responses
2008-10-01Type of plan entitySingle employer plan
2008-10-01Submission has been amendedNo
2008-10-01This submission is the final filingNo
2008-10-01This return/report is a short plan year return/report (less than 12 months)No
2008-10-01Plan is a collectively bargained planNo

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