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RIGHT WAY ELEVATOR MAINTENANCE 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameRIGHT WAY ELEVATOR MAINTENANCE 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

RIGHT WAY ELEVATOR MAINTENANCE 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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

RIGHT WAY ELEVATOR MAINTENANCE has sponsored the creation of one or more 401k plans.

Company Name:RIGHT WAY ELEVATOR MAINTENANCE
Employer identification number (EIN):460877037
NAIC Classification:811210
NAIC Description: Electronic and Precision Equipment Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RIGHT WAY ELEVATOR MAINTENANCE 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BRIAN PALOMINO2024-07-31
0012022-01-01KENDRA COLEY2023-07-05
0012021-01-01KENDRA COLEY2022-10-13
0012020-01-01
0012019-01-01
0012017-01-01JENNIFER SMITH2018-03-20
0012016-01-01JENNIFER SMITH2017-12-15
0012015-01-01JENNIFER SMITH2017-12-15
0012014-01-01RACHEL MARTINEZ MACCLINCHY2015-07-31

Plan Statistics for RIGHT WAY ELEVATOR MAINTENANCE 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for RIGHT WAY ELEVATOR MAINTENANCE 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2024: RIGHT WAY ELEVATOR MAINTENANCE 401(K) PROFIT SHARING PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year2024-07-3140
Total number of particpants at end of year2024-07-310
Number of Participants With Account Balances2024-07-310
2022: RIGHT WAY ELEVATOR MAINTENANCE 401(K) PROFIT SHARING PLAN & TRUST 2022 401k membership
Total number of particpants at beginning of year2022-10-1328
Total number of particpants at end of year2022-10-1339
Number of Participants With Account Balances2022-10-1316

Financial Data on RIGHT WAY ELEVATOR MAINTENANCE 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2024 : RIGHT WAY ELEVATOR MAINTENANCE 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-31299603
Total assets as of the beginning of the plan year2024-07-31287964
Other income to plan in this plan year2024-07-3111639
Plan net income in this plan year2024-07-31-287964
Net assets as of the beginning of the plan year2024-07-31287964
2022 : RIGHT WAY ELEVATOR MAINTENANCE 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-130
Net assets as of the end of the plan year2022-10-13313131
Total assets as of the beginning of the plan year2022-10-13143551
Participant contributions to plan in this plan year2022-10-1341378
Other contributions to plan in this plan year2022-10-1376983
Other income to plan in this plan year2022-10-1324534
Plan net income in this plan year2022-10-13169580
Net assets as of the end of the plan year2022-10-13313131
Net assets as of the beginning of the plan year2022-10-13143551
Employer contributions to plan in this plan year2022-10-1326685
Fees paid to broker by Benefit Provider2022-10-1395
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-130

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