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NEW ERA LOGISTICS INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameNEW ERA LOGISTICS INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

NEW ERA LOGISTICS INC 401(K) PROFIT SHARING PLAN & TRUST 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 ERA LOGISTICS has sponsored the creation of one or more 401k plans.

Company Name:NEW ERA LOGISTICS
Employer identification number (EIN):474601619
NAIC Classification:561500

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW ERA LOGISTICS INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHRISTOPHER DAVIDSON2024-04-04
0012022-01-01CHRISTOPHER DAVIDSON2023-04-17
0012021-01-01CHRIS DAVIDSON2022-04-22
0012020-01-01CHRIS DAVIDSON2021-08-19

Financial Data on NEW ERA LOGISTICS INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025 : NEW ERA LOGISTICS INC 401(K) PROFIT SHARING PLAN & TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-03-1115350
Net assets as of the end of the plan year2025-03-11269853
Total assets as of the beginning of the plan year2025-03-11190330
Value of plan covered by a fidelity bond2025-03-11300000
Participant contributions to plan in this plan year2025-03-1147952
Other expenses paid from plan in this plan year2025-03-111555
Other income to plan in this plan year2025-03-1146921
Plan net income in this plan year2025-03-1179523
Net assets as of the end of the plan year2025-03-11269853
Net assets as of the beginning of the plan year2025-03-11190330
2024 : NEW ERA LOGISTICS INC 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-04-040
Total liabilities as of the end of the plan year2024-04-040
Total liabilities as of the beginning of the plan year2024-04-040
Total expenses incurred by plan in this plan year2024-04-04778
Net assets as of the end of the plan year2024-04-04190330
Total assets as of the beginning of the plan year2024-04-0492329
Participant contributions to plan in this plan year2024-04-0462296
Other expenses paid from plan in this plan year2024-04-040
Other contributions to plan in this plan year2024-04-040
Other income to plan in this plan year2024-04-0436483
Plan net income in this plan year2024-04-0498001
Net assets as of the end of the plan year2024-04-04190330
Net assets as of the beginning of the plan year2024-04-0492329
Employer contributions to plan in this plan year2024-04-040
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-04778

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