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JAMES M. YOUNG 401(K) PLAN 401k Plan overview

Plan NameJAMES M. YOUNG 401(K) PLAN
Plan identification number 001

JAMES M. YOUNG 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Plan covering Self-Employed individuals.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

JAMES M. YOUNG has sponsored the creation of one or more 401k plans.

Company Name:JAMES M. YOUNG
Employer identification number (EIN):561488501
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JAMES M. YOUNG 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JAMES M YUONG2024-09-20 JAME M YOUNG2024-09-20
0012022-01-01JIM YOUNG2023-10-12
0012021-01-01JAMES M YOUNG2022-10-12
0012020-01-01JAMES M YOUNG2021-10-12
0012019-01-01JAMES M YOUNG2020-10-02
0012018-01-01JAMES M YOUNG2019-10-09
0012017-01-01JAMES M YOUNG2018-10-05
0012016-01-01JAMES M YOUNG2017-09-27
0012015-01-01JAMES M YOUNG2016-10-03 JAMES M YOUNG2016-10-03
0012014-01-01JAMES M YOUNG2015-10-13
0012013-01-01JAMES M YOUNG2014-11-07 JAMES M YOUNG2014-11-07
0012012-01-01JAMES M YOUNG2013-10-15 JAMES M YOUNG2013-10-15
0012011-01-01JAMES YOUNG2012-08-22 JAMES YOUNG2012-08-22
0012010-01-01JAMES YOUNG2012-08-02 JAMES YOUNG2012-08-02
0012007-01-01JAMES YOUNG JAMES YOUNG2012-07-06
0012006-01-01JAMES YOUNG JAMES YOUNG2012-07-06

Financial Data on JAMES M. YOUNG 401(K) PLAN

Measure Date Value
2025 : JAMES M. YOUNG 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-10-070
Total expenses incurred by plan in this plan year2025-10-0733325
Net assets as of the end of the plan year2025-10-071520946
Total assets as of the beginning of the plan year2025-10-071303991
Value of plan covered by a fidelity bond2025-10-0725000
Participant contributions to plan in this plan year2025-10-0750635
Other income to plan in this plan year2025-10-07137414
Plan net income in this plan year2025-10-07216955
Net assets as of the end of the plan year2025-10-071520946
Net assets as of the beginning of the plan year2025-10-071303991
Employer contributions to plan in this plan year2025-10-0762231
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-070
2024 : JAMES M. YOUNG 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-09-200
Total expenses incurred by plan in this plan year2024-09-2045523
Net assets as of the end of the plan year2024-09-201303991
Total assets as of the beginning of the plan year2024-09-201092878
Value of plan covered by a fidelity bond2024-09-2025000
Participant contributions to plan in this plan year2024-09-2039472
Other income to plan in this plan year2024-09-20160486
Plan net income in this plan year2024-09-20211113
Net assets as of the end of the plan year2024-09-201303991
Net assets as of the beginning of the plan year2024-09-201092878
Employer contributions to plan in this plan year2024-09-2056678
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-200
2022 : JAMES M. YOUNG 401(K) PLAN 2022 401k financial data
Total liabilities as of the beginning of the plan year2022-10-120
Total expenses incurred by plan in this plan year2022-10-1226859
Net assets as of the end of the plan year2022-10-121212338
Total assets as of the beginning of the plan year2022-10-121080493
Value of plan covered by a fidelity bond2022-10-1225000
Participant contributions to plan in this plan year2022-10-1235478
Other income to plan in this plan year2022-10-12102166
Plan net income in this plan year2022-10-12131845
Net assets as of the end of the plan year2022-10-121212338
Net assets as of the beginning of the plan year2022-10-121080493
Employer contributions to plan in this plan year2022-10-1221060
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-120
2007 : JAMES M. YOUNG 401(K) PLAN 2007 401k financial data
Transfers to/from the plan2007-12-31$0
Total plan liabilities at end of year2007-12-31$0
Total plan liabilities at beginning of year2007-12-31$0
Total income from all sources2007-12-31$11,735
Expenses. Total of all expenses incurred2007-12-31$0
Benefits paid (including direct rollovers)2007-12-31$0
Total plan assets at end of year2007-12-31$108,598
Total plan assets at beginning of year2007-12-31$96,863
Value of fidelity bond covering the plan2007-12-31$50,000
Total contributions received or receivable from participants2007-12-31$12,961
Expenses. Other expenses not covered elsewhere2007-12-31$0
Contributions received from other sources (not participants or employers)2007-12-31$0
Other income received2007-12-31$-13,579
Noncash contributions received2007-12-31$0
Net income (gross income less expenses)2007-12-31$11,735
Net plan assets at end of year (total assets less liabilities)2007-12-31$108,598
Net plan assets at beginning of year (total assets less liabilities)2007-12-31$96,863
Total contributions received or receivable from employer(s)2007-12-31$12,353
Value of certain deemed distributions of participant loans2007-12-31$0
Value of corrective distributions2007-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2007-12-31$0
2006 : JAMES M. YOUNG 401(K) PLAN 2006 401k financial data
Transfers to/from the plan2006-12-31$0
Total plan liabilities at end of year2006-12-31$0
Total plan liabilities at beginning of year2006-12-31$0
Total income from all sources2006-12-31$32,571
Expenses. Total of all expenses incurred2006-12-31$0
Benefits paid (including direct rollovers)2006-12-31$0
Total plan assets at end of year2006-12-31$96,863
Total plan assets at beginning of year2006-12-31$64,292
Value of fidelity bond covering the plan2006-12-31$50,000
Total contributions received or receivable from participants2006-12-31$12,485
Expenses. Other expenses not covered elsewhere2006-12-31$0
Contributions received from other sources (not participants or employers)2006-12-31$0
Other income received2006-12-31$6,011
Noncash contributions received2006-12-31$0
Net income (gross income less expenses)2006-12-31$32,571
Net plan assets at end of year (total assets less liabilities)2006-12-31$96,863
Net plan assets at beginning of year (total assets less liabilities)2006-12-31$64,292
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022006-12-31$354
Total contributions received or receivable from employer(s)2006-12-31$14,075
Value of certain deemed distributions of participant loans2006-12-31$0
Value of corrective distributions2006-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2006-12-31$0

Form 5500 Responses for JAMES M. YOUNG 401(K) PLAN

2007: JAMES M. YOUNG 401(K) PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedYes
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement - TrustYes
2006: JAMES M. YOUNG 401(K) PLAN 2006 form 5500 responses
2006-01-01Type of plan entitySingle employer plan
2006-01-01Submission has been amendedYes
2006-01-01This submission is the final filingNo
2006-01-01This return/report is a short plan year return/report (less than 12 months)No
2006-01-01Plan is a collectively bargained planNo
2006-01-01Plan funding arrangement – TrustYes
2006-01-01Plan benefit arrangement - TrustYes

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