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THE 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF THINK DETROIT PAL 401k Plan overview

Plan NameTHE 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF THINK DETROIT PAL
Plan identification number 001

THE 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF THINK DETROIT PAL Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

THINK DETROIT PAL has sponsored the creation of one or more 401k plans.

Company Name:THINK DETROIT PAL
Employer identification number (EIN):383314318
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF THINK DETROIT PAL

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01FREDERICK HUNTER2024-07-31
0012022-01-01FREDERICK HUNTER2023-10-09
0012021-01-01ROBERT JAMERSON2022-10-08
0012020-01-01ROBERT JAMERSON2021-06-04
0012019-01-01ROBERT JAMERSON2020-09-04
0012018-01-01KIRK NELLANS2019-04-26
0012017-01-01KIRK NELLANS2018-06-11
0012016-01-01KIRK NELLANS2017-10-11
0012015-01-01KIRK NELLANS2016-10-14
0012014-01-01CHARLES SIMPSON2015-06-25
0012013-01-01ROGER W. HILDEBRAND2014-04-25
0012012-01-01ROGER W. HILDEBRAND2013-06-03
0012011-01-01ROGER W. HILDEBRAND2012-07-30
0012010-01-01ROGER W HILDEBRAND2011-06-30

Plan Statistics for THE 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF THINK DETROIT PAL

401k plan membership statisitcs for THE 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF THINK DETROIT PAL

Measure Date Value
2025: THE 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF THINK DETROIT PAL 2025 401k membership
Total number of particpants at beginning of year2025-07-1450
Total number of particpants at end of year2025-07-1455
Number of Participants With Account Balances2025-07-1433
2024: THE 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF THINK DETROIT PAL 2024 401k membership
Total number of particpants at beginning of year2024-07-3147
Total number of particpants at end of year2024-07-3150
Number of Participants With Account Balances2024-07-3135

Financial Data on THE 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF THINK DETROIT PAL

Measure Date Value
2025 : THE 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF THINK DETROIT PAL 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-140
Total liabilities as of the end of the plan year2025-07-140
Total liabilities as of the beginning of the plan year2025-07-140
Total expenses incurred by plan in this plan year2025-07-1414867
Net assets as of the end of the plan year2025-07-14502796
Total assets as of the beginning of the plan year2025-07-14420370
Value of plan covered by a fidelity bond2025-07-14100000
Participant contributions to plan in this plan year2025-07-1459244
Value of participant loans at end of plan year2025-07-141369
Other expenses paid from plan in this plan year2025-07-140
Other contributions to plan in this plan year2025-07-140
Other income to plan in this plan year2025-07-1438049
Plan net income in this plan year2025-07-1482426
Net assets as of the end of the plan year2025-07-14502796
Net assets as of the beginning of the plan year2025-07-14420370
Employer contributions to plan in this plan year2025-07-140
Fees paid to broker by Benefit Provider2025-07-1414
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-14330
2024 : THE 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF THINK DETROIT PAL 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-310
Total liabilities as of the end of the plan year2024-07-310
Total liabilities as of the beginning of the plan year2024-07-310
Total expenses incurred by plan in this plan year2024-07-313064
Net assets as of the end of the plan year2024-07-31420370
Total assets as of the beginning of the plan year2024-07-31354931
Value of plan covered by a fidelity bond2024-07-31100000
Participant contributions to plan in this plan year2024-07-3124564
Value of participant loans at end of plan year2024-07-312325
Other expenses paid from plan in this plan year2024-07-310
Other contributions to plan in this plan year2024-07-310
Other income to plan in this plan year2024-07-3143939
Plan net income in this plan year2024-07-3165439
Net assets as of the end of the plan year2024-07-31420370
Net assets as of the beginning of the plan year2024-07-31354931
Employer contributions to plan in this plan year2024-07-310
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-31170

Potentially related plans

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