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THE TWIFORD LAW FIRM, P.C. 401(K) PLAN 401k Plan overview

Plan NameTHE TWIFORD LAW FIRM, P.C. 401(K) PLAN
Plan identification number 001

THE TWIFORD LAW FIRM, P.C. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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

THE TWIFORD LAW FIRM, P.C. has sponsored the creation of one or more 401k plans.

Company Name:THE TWIFORD LAW FIRM, P.C.
Employer identification number (EIN):562286983
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE TWIFORD LAW FIRM, P.C. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012023-01-01JO WILSON
0012022-01-01JOHN MORRISON2023-05-18
0012021-01-01JOHN MORRISON2022-06-15
0012020-01-01JOHN MORRISON2021-05-21
0012019-01-01JOHN MORRISON2020-06-11
0012018-01-01JOHN MORRISON2019-06-25
0012017-01-01JOHN MORRISON2018-08-27 JOHN MORRISON2018-08-27
0012016-01-01JOHN MORRISON2017-05-22 JOHN MORRISON2017-05-22
0012015-01-01JOHN MORRISON2016-04-04
0012014-01-01JOHN MORRISON2015-07-14
0012013-01-01JOHN MORRISON2014-04-15
0012012-01-01JOHN MORRISON2013-05-14
0012011-01-01JOHN MORRISON2012-04-23
0012010-01-01JOHN MORRISON2011-05-18 JOHN MORRISON2011-05-18

Financial Data on THE TWIFORD LAW FIRM, P.C. 401(K) PLAN

Measure Date Value
2025 : THE TWIFORD LAW FIRM, P.C. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-080
Total liabilities as of the end of the plan year2025-07-080
Total liabilities as of the beginning of the plan year2025-07-080
Total expenses incurred by plan in this plan year2025-07-08582599
Net assets as of the end of the plan year2025-07-082324115
Total assets as of the beginning of the plan year2025-07-082497995
Value of plan covered by a fidelity bond2025-07-08250000
Participant contributions to plan in this plan year2025-07-0854184
Other expenses paid from plan in this plan year2025-07-080
Other contributions to plan in this plan year2025-07-080
Other income to plan in this plan year2025-07-08304487
Plan net income in this plan year2025-07-08-173880
Net assets as of the end of the plan year2025-07-082324115
Net assets as of the beginning of the plan year2025-07-082497995
Employer contributions to plan in this plan year2025-07-0850048
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-08275
2023 : THE TWIFORD LAW FIRM, P.C. 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$409,943
Expenses. Total of all expenses incurred2023-12-31$251,609
Benefits paid (including direct rollovers)2023-12-31$249,005
Total plan assets at end of year2023-12-31$2,497,995
Total plan assets at beginning of year2023-12-31$2,339,661
Value of fidelity bond covering the plan2023-12-31$250,000
Total contributions received or receivable from participants2023-12-31$60,212
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$349,731
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$158,334
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,497,995
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$2,339,661
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$2,604
2022 : THE TWIFORD LAW FIRM, P.C. 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-150
Total liabilities as of the end of the plan year2022-06-150
Total liabilities as of the beginning of the plan year2022-06-150
Total expenses incurred by plan in this plan year2022-06-1533877
Net assets as of the end of the plan year2022-06-152685665
Total assets as of the beginning of the plan year2022-06-152309123
Value of plan covered by a fidelity bond2022-06-15250000
Participant contributions to plan in this plan year2022-06-1596832
Other expenses paid from plan in this plan year2022-06-150
Other contributions to plan in this plan year2022-06-150
Other income to plan in this plan year2022-06-15274535
Plan net income in this plan year2022-06-15376542
Net assets as of the end of the plan year2022-06-152685665
Net assets as of the beginning of the plan year2022-06-152309123
Employer contributions to plan in this plan year2022-06-1539052
Fees paid to broker by Benefit Provider2022-06-152436
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-152799

Form 5500 Responses for THE TWIFORD LAW FIRM, P.C. 401(K) PLAN

2023: THE TWIFORD LAW FIRM, P.C. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number33295701
Policy instance 1
Insurance contract or identification number33295701
Number of Individuals Covered11
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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