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NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameNEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

NEW DIRECTIONS, INC. 401K PROFIT SHARING 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NEW DIRECTIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW DIRECTIONS, INC.
Employer identification number (EIN):411387654
NAIC Classification:623000
NAIC Description: Nursing and Residential Care Facilities

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01JONATHAN KIGNER2022-01-15
0012020-01-01JONATHAN KIGNER2021-03-24
0012019-01-01JONATHAN KIGNER2020-03-31
0012018-01-01JONATHAN KIGNER2019-06-05
0012017-01-01JONATHAN KIGNER2018-04-16
0012016-01-01JONATHAN KIGNER2017-04-19
0012015-01-01JONATHAN KIGNER2016-05-18
0012014-01-01JONATHAN KIGNER2015-04-14
0012013-01-01JONATHAN KIGNER2014-04-14
0012012-01-01JONATHAN KIGNER
0012011-01-01JONATHAN KIGNER
0012009-01-01JONATHAN KIGNER
0012009-01-01JONATHAN KIGNER

Plan Statistics for NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2012: NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01105
Total number of active participants reported on line 7a of the Form 55002012-01-0180
Number of retired or separated participants receiving benefits2012-01-0116
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0196
Number of participants with account balances2012-01-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-014
2011: NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01102
Total number of active participants reported on line 7a of the Form 55002011-01-0187
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0118
Total of all active and inactive participants2011-01-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01105
Number of participants with account balances2011-01-01105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-014
2009: NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01141
Total number of active participants reported on line 7a of the Form 55002009-01-01106
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-018
Total of all active and inactive participants2009-01-01114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01114
Number of participants with account balances2009-01-0186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2012 : NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$130
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Expenses. Interest paid2012-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022012-12-31$0
Total income from all sources (including contributions)2012-12-31$401,695
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$225,074
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$217,929
Expenses. Certain deemed distributions of participant loans2012-12-31$0
Value of total corrective distributions2012-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$190,848
Value of total assets at end of year2012-12-31$2,289,027
Value of total assets at beginning of year2012-12-31$2,112,276
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$7,145
Total interest from all sources2012-12-31$2,804
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$54,122
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$54,122
Administrative expenses professional fees incurred2012-12-31$1,779
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$250,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$130,499
Participant contributions at end of year2012-12-31$49,025
Participant contributions at beginning of year2012-12-31$63,079
Participant contributions at end of year2012-12-31$72
Participant contributions at beginning of year2012-12-31$5,434
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$139,756
Liabilities. Value of operating payables at end of year2012-12-31$130
Liabilities. Value of operating payables at beginning of year2012-12-31$0
Total non interest bearing cash at end of year2012-12-31$0
Total non interest bearing cash at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Income. Non cash contributions2012-12-31$0
Value of net income/loss2012-12-31$176,621
Value of net assets at end of year (total assets less liabilities)2012-12-31$2,288,897
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$2,112,276
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$5,366
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$1,736,039
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$1,605,318
Interest on participant loans2012-12-31$2,781
Interest earned on other investments2012-12-31$0
Value of interest in common/collective trusts at end of year2012-12-31$0
Value of interest in common/collective trusts at beginning of year2012-12-31$296,242
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$503,891
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$23
Expenses. Payments to insurance carriers foe the provision of benefits2012-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$152,419
Net investment gain or loss from common/collective trusts2012-12-31$1,502
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$60,349
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$2,447
Income. Dividends from preferred stock2012-12-31$0
Income. Dividends from common stock2012-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$217,929
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31OLSEN THIELEN & CO, LTD.
Accountancy firm EIN2012-12-31411360831
2011 : NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$270,673
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$300,584
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$299,881
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$319,273
Value of total assets at end of year2011-12-31$2,112,276
Value of total assets at beginning of year2011-12-31$2,142,187
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$703
Total interest from all sources2011-12-31$-48,600
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$703
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$250,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$122,085
Participant contributions at end of year2011-12-31$63,079
Participant contributions at beginning of year2011-12-31$83,502
Participant contributions at end of year2011-12-31$5,434
Participant contributions at beginning of year2011-12-31$4,609
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$139,756
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$116,718
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-29,911
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,112,276
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$2,142,187
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$1,605,318
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,668,133
Interest on participant loans2011-12-31$3,588
Interest earned on other investments2011-12-31$-52,188
Value of interest in common/collective trusts at end of year2011-12-31$296,242
Value of interest in common/collective trusts at beginning of year2011-12-31$267,109
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$197,188
Employer contributions (assets) at end of year2011-12-31$2,447
Employer contributions (assets) at beginning of year2011-12-31$2,116
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$299,881
Liabilities. Value of benefit claims payable at end of year2011-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31OLSEN THIELEN & CO, LTD.
Accountancy firm EIN2011-12-31411360831
2010 : NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$518,751
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$318,007
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$314,229
Expenses. Certain deemed distributions of participant loans2010-12-31$3,055
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$296,068
Value of total assets at end of year2010-12-31$2,142,187
Value of total assets at beginning of year2010-12-31$1,941,443
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$723
Total interest from all sources2010-12-31$2,549
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$723
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$250,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$122,762
Participant contributions at end of year2010-12-31$83,502
Participant contributions at beginning of year2010-12-31$49,217
Participant contributions at end of year2010-12-31$4,609
Participant contributions at beginning of year2010-12-31$2,338
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$116,718
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$144,918
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$200,744
Value of net assets at end of year (total assets less liabilities)2010-12-31$2,142,187
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,941,443
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,668,133
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,524,317
Interest on participant loans2010-12-31$2,549
Value of interest in common/collective trusts at end of year2010-12-31$267,109
Value of interest in common/collective trusts at beginning of year2010-12-31$215,768
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$220,134
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31Yes
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$173,306
Employer contributions (assets) at end of year2010-12-31$2,116
Employer contributions (assets) at beginning of year2010-12-31$4,885
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$314,229
Liabilities. Value of benefit claims payable at end of year2010-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31OLSEN THIELEN & CO, LTD.
Accountancy firm EIN2010-12-31411360831
2009 : NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN

2012: NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: NEW DIRECTIONS, INC. 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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