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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.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ROBERT WELCH2024-09-03
0012022-01-01ROBERT WELCH2023-05-26
0012021-01-01ROBERT WELCH2022-03-24
0012020-01-01ROBERT WELCH2021-03-19

Plan Statistics for

401k plan membership statisitcs for

Measure Date Value
2025: 2025 401k membership
Total number of particpants at beginning of year2025-03-0312
Total number of particpants at end of year2025-03-0312
Number of Participants With Account Balances2025-03-0312
2024: 2024 401k membership
Total number of particpants at beginning of year2024-09-0311
Total number of particpants at end of year2024-09-0312
Number of Participants With Account Balances2024-09-0312
2022: 2022 401k membership
Total number of particpants at beginning of year2022-03-248
Total number of particpants at end of year2022-03-247
Number of Participants With Account Balances2022-03-247

Financial Data on

Measure Date Value
2025 : 2025 401k financial data
Total expenses incurred by plan in this plan year2025-03-031211
Net assets as of the end of the plan year2025-03-03553657
Total assets as of the beginning of the plan year2025-03-03352562
Value of plan covered by a fidelity bond2025-03-0350000
Participant contributions to plan in this plan year2025-03-0399509
Value of participant loans at end of plan year2025-03-0312438
Other income to plan in this plan year2025-03-0362398
Plan net income in this plan year2025-03-03201095
Net assets as of the end of the plan year2025-03-03553657
Net assets as of the beginning of the plan year2025-03-03352562
Employer contributions to plan in this plan year2025-03-0340399
Expensese paid to adminstrative service provicers from plan in this plan year2025-03-03100
2024 : 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-09-030
Total expenses incurred by plan in this plan year2024-09-03100050
Net assets as of the end of the plan year2024-09-03352562
Total assets as of the beginning of the plan year2024-09-03274645
Value of plan covered by a fidelity bond2024-09-0350000
Participant contributions to plan in this plan year2024-09-0397626
Other income to plan in this plan year2024-09-0344390
Plan net income in this plan year2024-09-0377917
Net assets as of the end of the plan year2024-09-03352562
Net assets as of the beginning of the plan year2024-09-03274645
Employer contributions to plan in this plan year2024-09-0335951
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-0350
2022 : 2022 401k financial data
Total liabilities as of the end of the plan year2022-03-240
Total liabilities as of the beginning of the plan year2022-03-240
Total expenses incurred by plan in this plan year2022-03-249574
Net assets as of the end of the plan year2022-03-24228395
Total assets as of the beginning of the plan year2022-03-24144202
Value of plan covered by a fidelity bond2022-03-2425000
Participant contributions to plan in this plan year2022-03-2462885
Other expenses paid from plan in this plan year2022-03-240
Other contributions to plan in this plan year2022-03-240
Other income to plan in this plan year2022-03-2417710
Plan net income in this plan year2022-03-2484193
Net assets as of the end of the plan year2022-03-24228395
Net assets as of the beginning of the plan year2022-03-24144202
Employer contributions to plan in this plan year2022-03-2413172
Expensese paid to adminstrative service provicers from plan in this plan year2022-03-2450

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