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CONCEPTS INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameCONCEPTS INC. 401K PROFIT SHARING PLAN
Plan identification number 001

CONCEPTS INC. 401K PROFIT SHARING PLAN 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

CONCEPTS INC. has sponsored the creation of one or more 401k plans.

Company Name:CONCEPTS INC.
Employer identification number (EIN):522029941
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CONCEPTS INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KAREN HERSON2024-07-07 KAREN HERSON2024-07-07
0012022-01-01KAREN HERSON2023-05-23 KAREN HERSON2023-05-23
0012021-01-01KAREN HERSON2022-07-22 KAREN HERSON2022-07-22
0012020-01-01KAREN HERSON2021-09-08 KAREN HERSON2021-09-08
0012019-01-01KAREN HERSON2020-07-19 KAREN HERSON2020-07-19
0012018-01-01KAREN HERSON2019-05-31 KAREN HERSON2019-05-31
0012017-01-01KAREN HERSON2018-05-17
0012016-01-01KAREN HERSON2017-06-21 KAREN HERSON2017-06-21
0012015-01-01KAREN HERSON2016-07-05
0012014-01-01KAREN HERSON2015-07-17
0012013-01-01KAREN HERSON2015-03-30
0012012-01-01KAREN HERSON2015-03-30
0012011-01-01KAREN HERSON2015-03-30
0012010-01-01KAREN HERSON
0012009-01-01KAREN HERSON
0012008-01-01KAREN HERSON

Financial Data on CONCEPTS INC. 401K PROFIT SHARING PLAN

Measure Date Value
2025 : CONCEPTS INC. 401K PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-04119326
Net assets as of the end of the plan year2025-06-043151862
Total assets as of the beginning of the plan year2025-06-042694253
Value of plan covered by a fidelity bond2025-06-04300000
Participant contributions to plan in this plan year2025-06-0499459
Other income to plan in this plan year2025-06-04426531
Plan net income in this plan year2025-06-04457609
Net assets as of the end of the plan year2025-06-043151862
Net assets as of the beginning of the plan year2025-06-042694253
Value of contributions failed to transmitted timely2025-06-041635
Employer contributions to plan in this plan year2025-06-0450945
Fees paid to broker by Benefit Provider2025-06-041070
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-0422455
2024 : CONCEPTS INC. 401K PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-0824757
Net assets as of the end of the plan year2024-07-082694253
Total assets as of the beginning of the plan year2024-07-082158916
Value of plan covered by a fidelity bond2024-07-08300000
Participant contributions to plan in this plan year2024-07-0839735
Other income to plan in this plan year2024-07-08425190
Plan net income in this plan year2024-07-08535337
Net assets as of the end of the plan year2024-07-082694253
Net assets as of the beginning of the plan year2024-07-082158916
Employer contributions to plan in this plan year2024-07-0895169
Fees paid to broker by Benefit Provider2024-07-08827
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-0824757
2022 : CONCEPTS INC. 401K PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-2224277
Net assets as of the end of the plan year2022-07-222543529
Total assets as of the beginning of the plan year2022-07-222035601
Value of plan covered by a fidelity bond2022-07-22300000
Participant contributions to plan in this plan year2022-07-2267089
Other contributions to plan in this plan year2022-07-2253611
Other income to plan in this plan year2022-07-22383819
Plan net income in this plan year2022-07-22507928
Net assets as of the end of the plan year2022-07-222543529
Net assets as of the beginning of the plan year2022-07-222035601
Employer contributions to plan in this plan year2022-07-2227686
Fees paid to broker by Benefit Provider2022-07-22757
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-2224277
2010 : CONCEPTS INC. 401K PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$79,295
Total plan assets at end of year2010-12-31$432,857
Total plan assets at beginning of year2010-12-31$353,562
Total contributions received or receivable from participants2010-12-31$22,929
Other income received2010-12-31$42,983
Net income (gross income less expenses)2010-12-31$79,295
Net plan assets at end of year (total assets less liabilities)2010-12-31$432,857
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$353,562
Total contributions received or receivable from employer(s)2010-12-31$13,383
2009 : CONCEPTS INC. 401K PROFIT SHARING PLAN 2009 401k financial data
Total income from all sources2009-12-31$84,806
Total plan assets at end of year2009-12-31$353,562
Total plan assets at beginning of year2009-12-31$268,756
Total contributions received or receivable from participants2009-12-31$27,100
Other income received2009-12-31$45,426
Net income (gross income less expenses)2009-12-31$84,806
Net plan assets at end of year (total assets less liabilities)2009-12-31$353,562
Net plan assets at beginning of year (total assets less liabilities)2009-12-31$268,756
Total contributions received or receivable from employer(s)2009-12-31$12,280
2008 : CONCEPTS INC. 401K PROFIT SHARING PLAN 2008 401k financial data
Total income from all sources2008-12-31$-32,817
Total plan assets at end of year2008-12-31$268,756
Total plan assets at beginning of year2008-12-31$301,573
Total contributions received or receivable from participants2008-12-31$24,957
Other income received2008-12-31$-102,774
Net income (gross income less expenses)2008-12-31$-32,817
Net plan assets at end of year (total assets less liabilities)2008-12-31$268,756
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$301,573
Total contributions received or receivable from employer(s)2008-12-31$45,000

Form 5500 Responses for CONCEPTS INC. 401K PROFIT SHARING PLAN

2010: CONCEPTS INC. 401K PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: CONCEPTS INC. 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes
2008: CONCEPTS INC. 401K PROFIT SHARING PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedYes
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement - TrustYes

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