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LAKE NORMAN MARINA, INC. 401(K) PLAN 401k Plan overview

Plan NameLAKE NORMAN MARINA, INC. 401(K) PLAN
Plan identification number 001

LAKE NORMAN MARINA, INC. 401(K) 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.
  • 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

LAKE NORMAN MARINA, INC. has sponsored the creation of one or more 401k plans.

Company Name:LAKE NORMAN MARINA, INC.
Employer identification number (EIN):561052956
NAIC Classification:441222
NAIC Description:Boat Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAKE NORMAN MARINA, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BRETT BERNHARDT2024-10-07
0012022-01-01MARK KALE2023-09-14 MARK KALE2023-09-14
0012021-01-01MARK KALE2022-10-06 MARK KALE2022-10-06
0012020-01-01MARK KALE2021-10-05 MARK KALE2021-10-05
0012019-01-01MARK KALE2020-08-07 MARK KALE2020-08-07
0012018-01-01BRETT BERNHARDT2019-10-07 MARK KALE2019-10-07
0012017-01-01MARK KALE2018-05-30
0012016-01-01MARK KALE2017-04-21 MARK KALE2017-04-20
0012015-01-01MARK KALE2016-07-29
0012014-01-01MARK KALE2015-05-06 MARK KALE2015-05-06
0012013-01-01MARK KALE2014-09-29
0012012-01-01MARK KALE2013-03-12
0012011-01-01MARK KALE2012-04-27
0012010-01-01MARK KALE2011-03-14

Financial Data on LAKE NORMAN MARINA, INC. 401(K) PLAN

Measure Date Value
2025 : LAKE NORMAN MARINA, INC. 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-10-060
Total expenses incurred by plan in this plan year2025-10-0631249
Net assets as of the end of the plan year2025-10-063250834
Total assets as of the beginning of the plan year2025-10-062645512
Value of plan covered by a fidelity bond2025-10-06350000
Participant contributions to plan in this plan year2025-10-06202776
Value of participant loans at end of plan year2025-10-0635716
Other income to plan in this plan year2025-10-06388055
Plan net income in this plan year2025-10-06605322
Net assets as of the end of the plan year2025-10-063250834
Net assets as of the beginning of the plan year2025-10-062645512
Employer contributions to plan in this plan year2025-10-0645740
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-067173
2024 : LAKE NORMAN MARINA, INC. 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-10-070
Total expenses incurred by plan in this plan year2024-10-0715914
Net assets as of the end of the plan year2024-10-072645512
Total assets as of the beginning of the plan year2024-10-072047348
Value of plan covered by a fidelity bond2024-10-07225000
Participant contributions to plan in this plan year2024-10-07190933
Value of participant loans at end of plan year2024-10-0716404
Other income to plan in this plan year2024-10-07380407
Plan net income in this plan year2024-10-07598164
Net assets as of the end of the plan year2024-10-072645512
Net assets as of the beginning of the plan year2024-10-072047348
Employer contributions to plan in this plan year2024-10-0742738
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-076338

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