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SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameSOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

SOUTH BAY AQUATICS, INC. 401(K) 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.
  • 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

SOUTH BAY AQUATICS, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTH BAY AQUATICS, INC.
Employer identification number (EIN):562618832
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHRIS WOLF2024-06-03
0012022-01-01CHRIS WOLF2023-06-24
0012021-01-01CHRIS WOLF2022-09-16
0012021-01-01CHRIS WOLF2022-09-16
0012020-01-01CHRIS WOLF2021-07-10
0012019-01-01CHRIS WOLF2020-07-14
0012018-01-01CHRIS WOLF2019-07-12
0012017-01-01CHRIS WOLF2018-07-10
0012016-01-01
0012014-01-01

Plan Statistics for SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025: SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-1860
Total number of particpants at end of year2025-06-1846
Number of Participants With Account Balances2025-06-1843
2024: SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-0352
Total number of particpants at end of year2024-06-0350
Number of Participants With Account Balances2024-06-0347

Financial Data on SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-1859460
Net assets as of the end of the plan year2025-06-181769936
Total assets as of the beginning of the plan year2025-06-181460779
Value of plan covered by a fidelity bond2025-06-18147000
Participant contributions to plan in this plan year2025-06-18100689
Value of participant loans at end of plan year2025-06-1830485
Other income to plan in this plan year2025-06-18233935
Plan net income in this plan year2025-06-18309157
Net assets as of the end of the plan year2025-06-181769936
Net assets as of the beginning of the plan year2025-06-181460779
Employer contributions to plan in this plan year2025-06-1833993
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-1810631
2024 : SOUTH BAY AQUATICS, INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-0337126
Net assets as of the end of the plan year2024-06-031460779
Total assets as of the beginning of the plan year2024-06-031135688
Value of plan covered by a fidelity bond2024-06-03114000
Participant contributions to plan in this plan year2024-06-0397100
Value of participant loans at end of plan year2024-06-0314077
Other income to plan in this plan year2024-06-03228221
Plan net income in this plan year2024-06-03325091
Net assets as of the end of the plan year2024-06-031460779
Net assets as of the beginning of the plan year2024-06-031135688
Employer contributions to plan in this plan year2024-06-0336896
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-038047

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