401k Plan data: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN plan

AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN
Plan identification number	003

AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

AMERICAN FINANCIAL NETWORK, LLC has sponsored the creation of one or more 401k plans.

Company Name: AMERICAN FINANCIAL NETWORK, LLC

Employer identification number (EIN): 461169193

NAIC Classification: 523110
NAIC Description: Investment Banking and Securities Dealing

Additional information about AMERICAN FINANCIAL NETWORK, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 5216965

More information about AMERICAN FINANCIAL NETWORK, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2016-01-01 BRETT ELLEN BRETT ELLEN 2017-10-04
003 2015-01-01 BRETT ELLEN
003 2014-01-01 BRETT ELLEN BRETT ELLEN 2015-09-03
003 2013-01-01 BRETT ELLEN BRETT ELLEN 2014-10-22

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
003	2016-01-01	BRETT ELLEN	BRETT ELLEN	2017-10-04
003	2015-01-01	BRETT ELLEN
003	2014-01-01	BRETT ELLEN	BRETT ELLEN	2015-09-03
003	2013-01-01	BRETT ELLEN	BRETT ELLEN	2014-10-22

Plan Statistics for AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN

Measure Date Value
2016: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 43
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 24
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 13
Total of all active and inactive participants 2016-01-01 37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 37
Number of participants with account balances 2016-01-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 38
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 25
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 14
Total of all active and inactive participants 2015-01-01 39
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 39
Number of participants with account balances 2015-01-01 35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 3
2014: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 23
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 12
Total of all active and inactive participants 2014-01-01 35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 35
Number of participants with account balances 2014-01-01 30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 6
2013: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 30
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 28
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 4
Total of all active and inactive participants 2013-01-01 32
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 32
Number of participants with account balances 2013-01-01 29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 1

Measure	Date	Value
2016: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	43
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	24
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	13
Total of all active and inactive participants	2016-01-01	37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	37
Number of participants with account balances	2016-01-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	38
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	25
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	14
Total of all active and inactive participants	2015-01-01	39
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	39
Number of participants with account balances	2015-01-01	35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	3
2014: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	23
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	12
Total of all active and inactive participants	2014-01-01	35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	35
Number of participants with account balances	2014-01-01	30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	6
2013: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	30
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	28
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	4
Total of all active and inactive participants	2013-01-01	32
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	32
Number of participants with account balances	2013-01-01	29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	1

Financial Data on AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2016 : AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total plan liabilities at end of year	2016-12-31	$0
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$402,187
Expenses. Total of all expenses incurred	2016-12-31	$689,751
Benefits paid (including direct rollovers)	2016-12-31	$687,255
Total plan assets at end of year	2016-12-31	$2,472,735
Total plan assets at beginning of year	2016-12-31	$2,760,299
Value of fidelity bond covering the plan	2016-12-31	$247,274
Total contributions received or receivable from participants	2016-12-31	$158,594
Contributions received from other sources (not participants or employers)	2016-12-31	$1,873
Other income received	2016-12-31	$196,467
Net income (gross income less expenses)	2016-12-31	$-287,564
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$2,472,735
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$2,760,299
Assets. Value of participant loans	2016-12-31	$2,859
Assets. Value of assets in partnership/joint-venture interests	2016-12-31	$5,825
Total contributions received or receivable from employer(s)	2016-12-31	$45,253
Value of certain deemed distributions of participant loans	2016-12-31	$2,496
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$320,269
Expenses. Total of all expenses incurred	2015-12-31	$18,586
Benefits paid (including direct rollovers)	2015-12-31	$15,702
Total plan assets at end of year	2015-12-31	$2,760,299
Total plan assets at beginning of year	2015-12-31	$2,458,616
Value of fidelity bond covering the plan	2015-12-31	$245,862
Total contributions received or receivable from participants	2015-12-31	$164,193
Expenses. Other expenses not covered elsewhere	2015-12-31	$17
Contributions received from other sources (not participants or employers)	2015-12-31	$41,983
Other income received	2015-12-31	$-47,440
Net income (gross income less expenses)	2015-12-31	$301,683
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$2,760,299
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$2,458,616
Assets. Value of participant loans	2015-12-31	$2,859
Assets. Value of assets in partnership/joint-venture interests	2015-12-31	$5,825
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2015-12-31	$23,101
Total contributions received or receivable from employer(s)	2015-12-31	$161,533
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$2,867
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$462,939
Expenses. Total of all expenses incurred	2014-12-31	$839,856
Benefits paid (including direct rollovers)	2014-12-31	$839,384
Total plan assets at end of year	2014-12-31	$2,458,616
Total plan assets at beginning of year	2014-12-31	$2,835,533
Value of fidelity bond covering the plan	2014-12-31	$283,553
Total contributions received or receivable from participants	2014-12-31	$160,131
Expenses. Other expenses not covered elsewhere	2014-12-31	$104
Contributions received from other sources (not participants or employers)	2014-12-31	$36,344
Other income received	2014-12-31	$165,415
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$-376,917
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$2,458,616
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$2,835,533
Assets. Value of participant loans	2014-12-31	$2,791
Assets. Value of assets in partnership/joint-venture interests	2014-12-31	$4,607
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2014-12-31	$23,101
Total contributions received or receivable from employer(s)	2014-12-31	$101,049
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$368
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan	2013-12-31	$0
Total plan liabilities at end of year	2013-12-31	$0
Total plan liabilities at beginning of year	2013-12-31	$0
Total income from all sources	2013-12-31	$678,069
Expenses. Total of all expenses incurred	2013-12-31	$11,182
Benefits paid (including direct rollovers)	2013-12-31	$9,433
Total plan assets at end of year	2013-12-31	$2,835,533
Total plan assets at beginning of year	2013-12-31	$2,168,646
Value of fidelity bond covering the plan	2013-12-31	$216,865
Total contributions received or receivable from participants	2013-12-31	$182,306
Expenses. Other expenses not covered elsewhere	2013-12-31	$95
Contributions received from other sources (not participants or employers)	2013-12-31	$0
Other income received	2013-12-31	$404,389
Noncash contributions received	2013-12-31	$0
Net income (gross income less expenses)	2013-12-31	$666,887
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$2,835,533
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$2,168,646
Assets. Value of participant loans	2013-12-31	$12,200
Assets. Value of assets in partnership/joint-venture interests	2013-12-31	$107,268
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2013-12-31	$23,101
Total contributions received or receivable from employer(s)	2013-12-31	$91,374
Value of certain deemed distributions of participant loans	2013-12-31	$0
Value of corrective distributions	2013-12-31	$1,356
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$298
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0

Form 5500 Responses for AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN

2016: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: AMERICAN FINANCIAL NETWORK 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	Yes
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	AMERICAN FINANCIAL NETWORK, LLC
Employer identification number (EIN):	461169193
NAIC Classification:	523110
NAIC Description:	Investment Banking and Securities Dealing

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	5216965