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NEW WORLD RECYCLING LLC 401k Plan overview

Plan NameNEW WORLD RECYCLING LLC
Plan identification number 002

NEW WORLD RECYCLING LLC 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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 WORLD RECYCLING LLC has sponsored the creation of one or more 401k plans.

Company Name:NEW WORLD RECYCLING LLC
Employer identification number (EIN):462904216
NAIC Classification:423930
NAIC Description:Recyclable Material Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW WORLD RECYCLING LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01NICK RICE2024-09-13
0022022-01-01SHIRLEY HORNER2023-07-14
0022021-10-01SHIRLEY HORNER2022-10-06

Financial Data on NEW WORLD RECYCLING LLC

Measure Date Value
2024 : NEW WORLD RECYCLING LLC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-139096
Net assets as of the end of the plan year2024-09-13513021
Total assets as of the beginning of the plan year2024-09-13266080
Value of plan covered by a fidelity bond2024-09-1327000
Participant contributions to plan in this plan year2024-09-13161302
Value of participant loans at end of plan year2024-09-13379
Other income to plan in this plan year2024-09-1362601
Plan net income in this plan year2024-09-13246941
Net assets as of the end of the plan year2024-09-13513021
Net assets as of the beginning of the plan year2024-09-13266080
Employer contributions to plan in this plan year2024-09-1332134
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-13392
2022 : NEW WORLD RECYCLING LLC 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-060
Net assets as of the end of the plan year2022-10-06107255
Value of plan covered by a fidelity bond2022-10-061000
Participant contributions to plan in this plan year2022-10-0695626
Other income to plan in this plan year2022-10-061627
Plan net income in this plan year2022-10-06107255
Net assets as of the end of the plan year2022-10-06107255
Net assets as of the beginning of the plan year2022-10-060
Employer contributions to plan in this plan year2022-10-0610002

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