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P & M LAUNDRY INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameP & M LAUNDRY INC. PROFIT SHARING PLAN
Plan identification number 001

P & M LAUNDRY INC. 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
  • 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

P & M LAUNDRY INC. has sponsored the creation of one or more 401k plans.

Company Name:P & M LAUNDRY INC.
Employer identification number (EIN):451258272
NAIC Classification:812310
NAIC Description:Coin-Operated Laundries and Drycleaners

Form 5500 Filing Information

Submission information for form 5500 for 401k plan P & M LAUNDRY INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01PETER SCHWARTZ
0012016-01-01PETER SCHWARTZ
0012015-01-01PETER SCHWARTZ
0012014-01-01PETER SCHWARTZ
0012013-01-01PETER SCHWARTZ
0012012-01-01PETER SCHWARTZ
0012011-03-29PETER SCHWARTZ

Plan Statistics for P & M LAUNDRY INC. PROFIT SHARING PLAN

401k plan membership statisitcs for P & M LAUNDRY INC. PROFIT SHARING PLAN

Measure Date Value
2020: P & M LAUNDRY INC. PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-012
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Number of participants with account balances2020-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: P & M LAUNDRY INC. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-012
Total number of active participants reported on line 7a of the Form 55002019-01-012
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-012
Number of participants with account balances2019-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: P & M LAUNDRY INC. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-015
Total number of active participants reported on line 7a of the Form 55002018-01-012
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-012
Number of participants with account balances2018-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: P & M LAUNDRY INC. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-013
Total number of active participants reported on line 7a of the Form 55002017-01-013
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-013
Number of participants with account balances2017-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: P & M LAUNDRY INC. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-016
Total number of active participants reported on line 7a of the Form 55002016-01-013
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-013
Number of participants with account balances2016-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: P & M LAUNDRY INC. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-015
Total number of active participants reported on line 7a of the Form 55002015-01-015
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-015
Number of participants with account balances2015-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: P & M LAUNDRY INC. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-015
Total number of active participants reported on line 7a of the Form 55002014-01-015
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-015
Number of participants with account balances2014-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: P & M LAUNDRY INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-015
Total number of active participants reported on line 7a of the Form 55002013-01-015
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-015
Number of participants with account balances2013-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: P & M LAUNDRY INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-012
Total number of active participants reported on line 7a of the Form 55002012-01-015
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-015
Number of participants with account balances2012-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: P & M LAUNDRY INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-03-292
Total number of active participants reported on line 7a of the Form 55002011-03-292
Number of retired or separated participants receiving benefits2011-03-290
Number of other retired or separated participants entitled to future benefits2011-03-290
Total of all active and inactive participants2011-03-292
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-03-290
Total participants2011-03-292
Number of participants with account balances2011-03-292
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-03-290

Financial Data on P & M LAUNDRY INC. PROFIT SHARING PLAN

Measure Date Value
2020 : P & M LAUNDRY INC. PROFIT SHARING PLAN 2020 401k financial data
Expenses. Total of all expenses incurred2020-07-31$213,436
Benefits paid (including direct rollovers)2020-07-31$213,436
Total plan assets at end of year2020-07-31$0
Total plan assets at beginning of year2020-07-31$213,436
Value of fidelity bond covering the plan2020-07-31$30,000
Net income (gross income less expenses)2020-07-31$-213,436
Net plan assets at end of year (total assets less liabilities)2020-07-31$0
Net plan assets at beginning of year (total assets less liabilities)2020-07-31$213,436
Assets. Value of employer securities2020-07-31$0
2019 : P & M LAUNDRY INC. PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$-55,678
Total plan assets at end of year2019-12-31$213,436
Total plan assets at beginning of year2019-12-31$269,114
Value of fidelity bond covering the plan2019-12-31$30,000
Other income received2019-12-31$-55,678
Net income (gross income less expenses)2019-12-31$-55,678
Net plan assets at end of year (total assets less liabilities)2019-12-31$213,436
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$269,114
Assets. Value of employer securities2019-12-31$208,547
2018 : P & M LAUNDRY INC. PROFIT SHARING PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$1,401
Total income from all sources2018-12-31$179,976
Total plan assets at end of year2018-12-31$269,114
Total plan assets at beginning of year2018-12-31$90,539
Value of fidelity bond covering the plan2018-12-31$10,000
Other income received2018-12-31$179,976
Net income (gross income less expenses)2018-12-31$179,976
Net plan assets at end of year (total assets less liabilities)2018-12-31$269,114
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$89,138
Assets. Value of employer securities2018-12-31$264,225
2017 : P & M LAUNDRY INC. PROFIT SHARING PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$1,401
Total income from all sources2017-12-31$-4,627
Total plan assets at end of year2017-12-31$90,539
Total plan assets at beginning of year2017-12-31$93,765
Value of fidelity bond covering the plan2017-12-31$10,000
Other income received2017-12-31$-4,627
Net income (gross income less expenses)2017-12-31$-4,627
Net plan assets at end of year (total assets less liabilities)2017-12-31$89,138
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$93,765
Assets. Value of employer securities2017-12-31$84,249
2016 : P & M LAUNDRY INC. PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$20,255
Total plan assets at end of year2016-12-31$93,765
Total plan assets at beginning of year2016-12-31$73,510
Value of fidelity bond covering the plan2016-12-31$10,000
Other income received2016-12-31$20,255
Net income (gross income less expenses)2016-12-31$20,255
Net plan assets at end of year (total assets less liabilities)2016-12-31$93,765
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$73,510
Assets. Value of employer securities2016-12-31$88,876
2015 : P & M LAUNDRY INC. PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$9,521
Total plan assets at end of year2015-12-31$73,510
Total plan assets at beginning of year2015-12-31$63,989
Value of fidelity bond covering the plan2015-12-31$10,000
Other income received2015-12-31$9,521
Net income (gross income less expenses)2015-12-31$9,521
Net plan assets at end of year (total assets less liabilities)2015-12-31$73,510
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$63,989
Assets. Value of employer securities2015-12-31$68,621
2014 : P & M LAUNDRY INC. PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$-3,400
Expenses. Total of all expenses incurred2014-12-31$0
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$63,989
Total plan assets at beginning of year2014-12-31$67,389
Value of fidelity bond covering the plan2014-12-31$15,000
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$-3,400
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-3,400
Net plan assets at end of year (total assets less liabilities)2014-12-31$63,989
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$67,389
Assets. Value of employer securities2014-12-31$59,100
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$0
2013 : P & M LAUNDRY INC. PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$-92,500
Expenses. Total of all expenses incurred2013-12-31$0
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$67,389
Total plan assets at beginning of year2013-12-31$159,889
Value of fidelity bond covering the plan2013-12-31$15,000
Total contributions received or receivable from participants2013-12-31$0
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$-92,500
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$-92,500
Net plan assets at end of year (total assets less liabilities)2013-12-31$67,389
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$159,889
Assets. Value of employer securities2013-12-31$62,500
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
2012 : P & M LAUNDRY INC. PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$20,000
Expenses. Total of all expenses incurred2012-12-31$45
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$159,889
Total plan assets at beginning of year2012-12-31$139,934
Value of fidelity bond covering the plan2012-12-31$15,000
Total contributions received or receivable from participants2012-12-31$0
Expenses. Other expenses not covered elsewhere2012-12-31$45
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$20,000
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$19,955
Net plan assets at end of year (total assets less liabilities)2012-12-31$159,889
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$139,934
Assets. Value of employer securities2012-12-31$155,000
Total contributions received or receivable from employer(s)2012-12-31$0
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$0
2011 : P & M LAUNDRY INC. PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$140,000
Expenses. Total of all expenses incurred2011-12-31$66
Total plan assets at end of year2011-12-31$139,934
Value of fidelity bond covering the plan2011-12-31$15,000
Expenses. Other expenses not covered elsewhere2011-12-31$66
Contributions received from other sources (not participants or employers)2011-12-31$140,000
Net income (gross income less expenses)2011-12-31$139,934
Net plan assets at end of year (total assets less liabilities)2011-12-31$139,934
Assets. Value of employer securities2011-12-31$135,000

Form 5500 Responses for P & M LAUNDRY INC. PROFIT SHARING PLAN

2020: P & M LAUNDRY INC. PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingYes
2020-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: P & M LAUNDRY INC. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: P & M LAUNDRY INC. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: P & M LAUNDRY INC. PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: P & M LAUNDRY INC. PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: P & M LAUNDRY INC. PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: P & M LAUNDRY INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: P & M LAUNDRY INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: P & M LAUNDRY INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: P & M LAUNDRY INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-03-29Type of plan entitySingle employer plan
2011-03-29First time form 5500 has been submittedYes
2011-03-29This return/report is a short plan year return/report (less than 12 months)Yes
2011-03-29Plan funding arrangement – TrustYes
2011-03-29Plan benefit arrangement - TrustYes

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