KASEN WEALTH MANAGEMENT, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE FINANCIAL DESTINATIONS GROUP CASH BALANCE PLAN
401k plan membership statisitcs for THE FINANCIAL DESTINATIONS GROUP CASH BALANCE PLAN
| Measure | Date | Value |
|---|
| 2025: THE FINANCIAL DESTINATIONS GROUP CASH BALANCE PLAN 2025 401k membership |
|---|
| Total number of particpants at beginning of year | 2025-09-24 | 3 |
| Total number of particpants at end of year | 2025-09-24 | 3 |
| 2024: THE FINANCIAL DESTINATIONS GROUP CASH BALANCE PLAN 2024 401k membership |
|---|
| Total number of particpants at beginning of year | 2024-08-13 | 2 |
| Total number of particpants at end of year | 2024-08-13 | 2 |
| 2022: THE FINANCIAL DESTINATIONS GROUP CASH BALANCE PLAN 2022 401k membership |
|---|
| Market value of plan assets | 2022-12-31 | 136,592 |
| Acturial value of plan assets | 2022-12-31 | 136,592 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 0 |
| Number of terminated vested participants | 2022-12-31 | 0 |
| Fundng target for terminated vested participants | 2022-12-31 | 0 |
| Active participant vested funding target | 2022-12-31 | 146,501 |
| Number of active participants | 2022-12-31 | 2 |
| Total funding liabilities for active participants | 2022-12-31 | 146,501 |
| Total participant count | 2022-12-31 | 2 |
| Total funding target for all participants | 2022-12-31 | 146,501 |
| Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
| Amount remaining of carryover balance | 2022-12-31 | 0 |
| Amount remaining of prefunding balance | 2022-12-31 | 0 |
| Present value of excess contributions | 2022-12-31 | 78,519 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 78,519 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
| Total employer contributions | 2022-12-31 | 101,000 |
| Total employee contributions | 2022-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 102,783 |
| Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2022-12-31 | 50,977 |
| Net shortfall amortization installment of oustanding balance | 2022-12-31 | 9,909 |
| Waiver amortization installment | 2022-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 51,893 |
| Additional cash requirement | 2022-12-31 | 51,893 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 102,783 |
| Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
| Measure | Date | Value |
|---|
| 2025 : THE FINANCIAL DESTINATIONS GROUP CASH BALANCE PLAN 2025 401k financial data |
|---|
| Total liabilities as of the end of the plan year | 2025-09-24 | 0 |
| Total liabilities as of the beginning of the plan year | 2025-09-24 | 0 |
| Total expenses incurred by plan in this plan year | 2025-09-24 | 21052 |
| Net assets as of the end of the plan year | 2025-09-24 | 247403 |
| Total assets as of the beginning of the plan year | 2025-09-24 | 249305 |
| Value of plan covered by a fidelity bond | 2025-09-24 | 60000 |
| Participant contributions to plan in this plan year | 2025-09-24 | 0 |
| Other expenses paid from plan in this plan year | 2025-09-24 | 0 |
| Other contributions to plan in this plan year | 2025-09-24 | 0 |
| Other income to plan in this plan year | 2025-09-24 | 19150 |
| Plan net income in this plan year | 2025-09-24 | -1902 |
| Net assets as of the end of the plan year | 2025-09-24 | 247403 |
| Net assets as of the beginning of the plan year | 2025-09-24 | 249305 |
| Employer contributions to plan in this plan year | 2025-09-24 | 0 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-09-24 | 7886 |
| 2024 : THE FINANCIAL DESTINATIONS GROUP CASH BALANCE PLAN 2024 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2024-08-13 | 0 |
| Total liabilities as of the end of the plan year | 2024-08-13 | 0 |
| Total liabilities as of the beginning of the plan year | 2024-08-13 | 0 |
| Total expenses incurred by plan in this plan year | 2024-08-13 | 10469 |
| Net assets as of the end of the plan year | 2024-08-13 | 249305 |
| Total assets as of the beginning of the plan year | 2024-08-13 | 239413 |
| Value of plan covered by a fidelity bond | 2024-08-13 | 60000 |
| Participant contributions to plan in this plan year | 2024-08-13 | 0 |
| Other expenses paid from plan in this plan year | 2024-08-13 | 0 |
| Other contributions to plan in this plan year | 2024-08-13 | 0 |
| Other income to plan in this plan year | 2024-08-13 | 20361 |
| Plan net income in this plan year | 2024-08-13 | 9892 |
| Net assets as of the end of the plan year | 2024-08-13 | 249305 |
| Net assets as of the beginning of the plan year | 2024-08-13 | 239413 |
| Employer contributions to plan in this plan year | 2024-08-13 | 0 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-08-13 | 1522 |
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