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NEW CONCEPTS EMPLOYEE BENEFIT PLAN 401k Plan overview

Plan NameNEW CONCEPTS EMPLOYEE BENEFIT PLAN
Plan identification number 001

NEW CONCEPTS EMPLOYEE BENEFIT 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.
  • 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

NEW CONCEPTS MANAGEMENT GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW CONCEPTS MANAGEMENT GROUP, INC.
Employer identification number (EIN):411586523
NAIC Classification:531310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW CONCEPTS EMPLOYEE BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JASON SADOWSKI2024-10-16
0012022-01-01JASON SADOWSKI2023-10-13
0012021-01-01AMANDA JOHNSON2022-10-05
0012020-01-01AMANDA JOHNSON2021-10-04
0012019-01-01AMANDA JOHNSON2020-07-22
0012018-01-01AMANDA JOHNSON2019-09-03
0012017-01-01AMANDA JOHNSON2018-07-17
0012016-01-01AMANDA JOHNSON2017-05-15
0012015-01-01AMANDA JOHNSON2016-07-12
0012014-01-01AMANDA JOHNSON2015-04-27
0012013-01-01AMANDA JOHNSON2014-07-28
0012012-01-01AMANDA JOHNSON2013-03-28
0012011-01-01AMANDA WISE JOHNSON
0012009-01-01AMANDA WISE

Plan Statistics for NEW CONCEPTS EMPLOYEE BENEFIT PLAN

401k plan membership statisitcs for NEW CONCEPTS EMPLOYEE BENEFIT PLAN

Measure Date Value
2025: NEW CONCEPTS EMPLOYEE BENEFIT PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-1160
Total number of particpants at end of year2025-06-1150
Number of Participants With Account Balances2025-06-1135
2024: NEW CONCEPTS EMPLOYEE BENEFIT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-1655
Total number of particpants at end of year2024-10-1652
Number of Participants With Account Balances2024-10-1635
2022: NEW CONCEPTS EMPLOYEE BENEFIT PLAN 2022 401k membership
Total number of particpants at beginning of year2022-10-0558
Total number of particpants at end of year2022-10-0545
Number of Participants With Account Balances2022-10-0531
2011: NEW CONCEPTS EMPLOYEE BENEFIT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0155
Total number of active participants reported on line 7a of the Form 55002011-01-0146
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-016
Total of all active and inactive participants2011-01-0152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0152
Number of participants with account balances2011-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012
2009: NEW CONCEPTS EMPLOYEE BENEFIT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0141
Total number of active participants reported on line 7a of the Form 55002009-01-0149
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-017
Total of all active and inactive participants2009-01-0156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0156
Number of participants with account balances2009-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on NEW CONCEPTS EMPLOYEE BENEFIT PLAN

Measure Date Value
2025 : NEW CONCEPTS EMPLOYEE BENEFIT PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-06-110
Total expenses incurred by plan in this plan year2025-06-11448718
Net assets as of the end of the plan year2025-06-111298200
Total assets as of the beginning of the plan year2025-06-111361433
Value of plan covered by a fidelity bond2025-06-112000000
Participant contributions to plan in this plan year2025-06-11142791
Value of participant loans at end of plan year2025-06-1113122
Other expenses paid from plan in this plan year2025-06-110
Other contributions to plan in this plan year2025-06-110
Other income to plan in this plan year2025-06-11180660
Plan net income in this plan year2025-06-11-63233
Net assets as of the end of the plan year2025-06-111298200
Net assets as of the beginning of the plan year2025-06-111361433
Employer contributions to plan in this plan year2025-06-1162034
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-111689
2024 : NEW CONCEPTS EMPLOYEE BENEFIT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-16453751
Net assets as of the end of the plan year2024-10-161361433
Total assets as of the beginning of the plan year2024-10-161371995
Value of plan covered by a fidelity bond2024-10-16500000
Participant contributions to plan in this plan year2024-10-16146474
Other income to plan in this plan year2024-10-16237266
Plan net income in this plan year2024-10-16-10562
Net assets as of the end of the plan year2024-10-161361433
Net assets as of the beginning of the plan year2024-10-161371995
Employer contributions to plan in this plan year2024-10-1659449
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-161431
2022 : NEW CONCEPTS EMPLOYEE BENEFIT PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-05248848
Net assets as of the end of the plan year2022-10-051539334
Total assets as of the beginning of the plan year2022-10-051372464
Value of plan covered by a fidelity bond2022-10-051000000
Participant contributions to plan in this plan year2022-10-05146161
Value of participant loans at end of plan year2022-10-052861
Other income to plan in this plan year2022-10-05211365
Plan net income in this plan year2022-10-05166870
Net assets as of the end of the plan year2022-10-051539334
Net assets as of the beginning of the plan year2022-10-051372464
Employer contributions to plan in this plan year2022-10-0558192
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-05866
2011 : NEW CONCEPTS EMPLOYEE BENEFIT PLAN 2011 401k financial data
Total income from all sources2011-12-31$27,009
Expenses. Total of all expenses incurred2011-12-31$717
Benefits paid (including direct rollovers)2011-12-31$617
Total plan assets at end of year2011-12-31$303,482
Total plan assets at beginning of year2011-12-31$277,190
Total contributions received or receivable from participants2011-12-31$23,575
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-7,174
Net income (gross income less expenses)2011-12-31$26,292
Net plan assets at end of year (total assets less liabilities)2011-12-31$303,482
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$277,190
Assets. Value of participant loans2011-12-31$4,693
Total contributions received or receivable from employer(s)2011-12-31$10,608
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$100
2010 : NEW CONCEPTS EMPLOYEE BENEFIT PLAN 2010 401k financial data
Total income from all sources2010-12-31$87,897
Expenses. Total of all expenses incurred2010-12-31$17,395
Benefits paid (including direct rollovers)2010-12-31$10,145
Total plan assets at end of year2010-12-31$277,190
Total plan assets at beginning of year2010-12-31$206,688
Total contributions received or receivable from participants2010-12-31$21,608
Contributions received from other sources (not participants or employers)2010-12-31$21,841
Other income received2010-12-31$33,625
Net income (gross income less expenses)2010-12-31$70,502
Net plan assets at end of year (total assets less liabilities)2010-12-31$277,190
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$206,688
Assets. Value of participant loans2010-12-31$5,579
Total contributions received or receivable from employer(s)2010-12-31$10,823
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$7,150
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$100

Form 5500 Responses for NEW CONCEPTS EMPLOYEE BENEFIT PLAN

2011: NEW CONCEPTS EMPLOYEE BENEFIT 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 – InsuranceYes
2011-01-01Plan benefit arrangement – InsuranceYes
2009: NEW CONCEPTS EMPLOYEE BENEFIT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
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 – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )
Policy contract number924920
Policy instance 1
METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )
Policy contract number924920
Policy instance 1

Potentially related plans

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