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NORTH GEORGIA BUSINESS PRODUCT 401(K) P/S PLAN 401k Plan overview

Plan NameNORTH GEORGIA BUSINESS PRODUCT 401(K) P/S PLAN
Plan identification number 001

NORTH GEORGIA BUSINESS PRODUCT 401(K) P/S 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

NORTH GEORGIA BUSINESS PRODUCTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTH GEORGIA BUSINESS PRODUCTS, INC.
Employer identification number (EIN):581452139
NAIC Classification:453210
NAIC Description:Office Supplies and Stationery Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH GEORGIA BUSINESS PRODUCT 401(K) P/S PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TARA EVANS, FOR TAG RESOURCES2024-06-21
0012022-11-01TARA EVANS, FOR TAG RESOURCES2023-10-16
0012022-11-01TARA EVANS, FOR TAG RESOURCES2024-06-20
0012021-11-01TARA EVANS, FOR TAG RESOURCES2023-10-16
0012020-11-01NANCY HARKINS2022-03-03
0012019-11-01NANCY HARKINS2021-03-26
0012017-11-01NANCY HARKINS2019-01-17
0012015-11-01NANCY HARKINS2016-12-13
0012014-11-01NANCY HARKINS2016-02-23
0012013-11-01NANCY HARKINS2015-04-10
0012012-11-01NANCY HARKINS2014-08-13
0012011-11-01NANCY HARKINS2013-08-15
0012010-11-01NANCY HARKINS2012-01-18

Plan Statistics for NORTH GEORGIA BUSINESS PRODUCT 401(K) P/S PLAN

401k plan membership statisitcs for NORTH GEORGIA BUSINESS PRODUCT 401(K) P/S PLAN

Measure Date Value
2025: NORTH GEORGIA BUSINESS PRODUCT 401(K) P/S PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-2546
Total number of particpants at end of year2025-04-2545
Number of Participants With Account Balances2025-04-2545
Total number of particpants at beginning of year2025-04-2247
Total number of particpants at end of year2025-04-2245
Number of Participants With Account Balances2025-04-2244

Financial Data on NORTH GEORGIA BUSINESS PRODUCT 401(K) P/S PLAN

Measure Date Value
2025 : NORTH GEORGIA BUSINESS PRODUCT 401(K) P/S PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-25741426
Net assets as of the end of the plan year2025-04-252169495
Total assets as of the beginning of the plan year2025-04-252235273
Value of plan covered by a fidelity bond2025-04-25500000
Participant contributions to plan in this plan year2025-04-25158120
Value of participant loans at end of plan year2025-04-2515481
Other contributions to plan in this plan year2025-04-25136373
Other income to plan in this plan year2025-04-25304991
Plan net income in this plan year2025-04-25-65778
Net assets as of the end of the plan year2025-04-252169495
Net assets as of the beginning of the plan year2025-04-252235273
Employer contributions to plan in this plan year2025-04-2576164
Fees paid to broker by Benefit Provider2025-04-2511627
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-2526871
Total expenses incurred by plan in this plan year2025-04-2239797
Net assets as of the end of the plan year2025-04-222235273
Total assets as of the beginning of the plan year2025-04-221795015
Value of plan covered by a fidelity bond2025-04-22500000
Participant contributions to plan in this plan year2025-04-22120655
Value of participant loans at end of plan year2025-04-2220324
Other income to plan in this plan year2025-04-22285399
Plan net income in this plan year2025-04-22440258
Net assets as of the end of the plan year2025-04-222235273
Net assets as of the beginning of the plan year2025-04-221795015
Value of contributions failed to transmitted timely2025-04-2210150
Employer contributions to plan in this plan year2025-04-2274001
Fees paid to broker by Benefit Provider2025-04-228716
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-2221362

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