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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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.

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
0202023-01-01MELISSA VERSNIK2024-06-13
0202022-01-01MELISSA VERSNIK2023-06-23
0202021-01-01NEIL SHIFMAN2022-06-06
0202020-01-01NEIL SHIFMAN2021-05-19

Plan Statistics for

401k plan membership statisitcs for

Measure Date Value
2025: 2025 401k membership
Total number of particpants at beginning of year2025-07-0724
Total number of particpants at end of year2025-07-0727
Number of Participants With Account Balances2025-07-075
2024: 2024 401k membership
Total number of particpants at beginning of year2024-06-1321
Total number of particpants at end of year2024-06-1323
Number of Participants With Account Balances2024-06-135
2022: 2022 401k membership
Total number of particpants at beginning of year2022-06-0620
Total number of particpants at end of year2022-06-0616
Number of Participants With Account Balances2022-06-065

Financial Data on

Measure Date Value
2025 : 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-0724
Net assets as of the end of the plan year2025-07-07289973
Total assets as of the beginning of the plan year2025-07-07230821
Value of plan covered by a fidelity bond2025-07-0730000
Participant contributions to plan in this plan year2025-07-0718672
Other income to plan in this plan year2025-07-0729439
Plan net income in this plan year2025-07-0759152
Net assets as of the end of the plan year2025-07-07289973
Net assets as of the beginning of the plan year2025-07-07230821
Employer contributions to plan in this plan year2025-07-0711065
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-0724
2024 : 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-1324
Net assets as of the end of the plan year2024-06-13230821
Total assets as of the beginning of the plan year2024-06-13157029
Value of plan covered by a fidelity bond2024-06-1330000
Participant contributions to plan in this plan year2024-06-1331444
Other income to plan in this plan year2024-06-1331421
Plan net income in this plan year2024-06-1373792
Net assets as of the end of the plan year2024-06-13230821
Net assets as of the beginning of the plan year2024-06-13157029
Employer contributions to plan in this plan year2024-06-1310951
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-1324
2022 : 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-0618
Net assets as of the end of the plan year2022-06-06129788
Total assets as of the beginning of the plan year2022-06-0664481
Value of plan covered by a fidelity bond2022-06-0620000
Participant contributions to plan in this plan year2022-06-0638348
Other income to plan in this plan year2022-06-0613100
Plan net income in this plan year2022-06-0665307
Net assets as of the end of the plan year2022-06-06129788
Net assets as of the beginning of the plan year2022-06-0664481
Employer contributions to plan in this plan year2022-06-0613877
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-0618

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