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PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 401k Plan overview

Plan NamePROFIT SHARING PLAN FOR W. ALEX CHOI, P.C.
Plan identification number 001

PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 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.
  • 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

W. ALEX CHOI, P.C. has sponsored the creation of one or more 401k plans.

Company Name:W. ALEX CHOI, P.C.
Employer identification number (EIN):581865644
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01W. ALEX CHOI W. ALEX CHOI2013-10-14
0012011-01-01W. ALEX CHOI W. ALEX CHOI2012-10-10
0012009-01-01WHANYOUNG CHOI

Plan Statistics for PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C.

401k plan membership statisitcs for PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C.

Measure Date Value
2015: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2015 401k membership
Total participants, beginning-of-year2015-01-0111
Total number of active participants reported on line 7a of the Form 55002015-01-014
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-016
Total of all active and inactive participants2015-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0110
Number of participants with account balances2015-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2014 401k membership
Total participants, beginning-of-year2014-01-0110
Total number of active participants reported on line 7a of the Form 55002014-01-015
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-015
Total of all active and inactive participants2014-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0110
Number of participants with account balances2014-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2013 401k membership
Total participants, beginning-of-year2013-01-0112
Total number of active participants reported on line 7a of the Form 55002013-01-016
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-014
Total of all active and inactive participants2013-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0110
Number of participants with account balances2013-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2012 401k membership
Total participants, beginning-of-year2012-01-0115
Total number of active participants reported on line 7a of the Form 55002012-01-017
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-015
Total of all active and inactive participants2012-01-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0112
Number of participants with account balances2012-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2011 401k membership
Total participants, beginning-of-year2011-01-0111
Total number of active participants reported on line 7a of the Form 55002011-01-017
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-016
Total of all active and inactive participants2011-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0113
Number of participants with account balances2011-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2009 401k membership
Total participants, beginning-of-year2009-01-0110
Total number of active participants reported on line 7a of the Form 55002009-01-017
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-013
Total of all active and inactive participants2009-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0110
Number of participants with account balances2009-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C.

Measure Date Value
2015 : PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$167,036
Total income from all sources2015-12-31$518,980
Expenses. Total of all expenses incurred2015-12-31$127,962
Benefits paid (including direct rollovers)2015-12-31$119,925
Total plan assets at end of year2015-12-31$1,836,008
Total plan assets at beginning of year2015-12-31$1,612,026
Value of fidelity bond covering the plan2015-12-31$500,000
Total contributions received or receivable from participants2015-12-31$15,143
Expenses. Other expenses not covered elsewhere2015-12-31$0
Other income received2015-12-31$499,369
Net income (gross income less expenses)2015-12-31$391,018
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,836,008
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,444,990
Assets. Value of participant loans2015-12-31$71,545
Total contributions received or receivable from employer(s)2015-12-31$4,468
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$8,037
2014 : PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$167,036
Total plan liabilities at beginning of year2014-12-31$267,225
Total income from all sources2014-12-31$380,444
Expenses. Total of all expenses incurred2014-12-31$3,485
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$1,612,026
Total plan assets at beginning of year2014-12-31$1,335,256
Value of fidelity bond covering the plan2014-12-31$250,000
Total contributions received or receivable from participants2014-12-31$43,100
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$303,893
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$376,959
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,444,990
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,068,031
Assets. Value of participant loans2014-12-31$70,340
Total contributions received or receivable from employer(s)2014-12-31$33,451
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$3,485
2013 : PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$267,225
Total plan liabilities at beginning of year2013-12-31$307,205
Total income from all sources2013-12-31$196,370
Expenses. Total of all expenses incurred2013-12-31$20,875
Benefits paid (including direct rollovers)2013-12-31$18,056
Total plan assets at end of year2013-12-31$1,335,256
Total plan assets at beginning of year2013-12-31$1,199,741
Value of fidelity bond covering the plan2013-12-31$1,000,000
Total contributions received or receivable from participants2013-12-31$60,147
Expenses. Other expenses not covered elsewhere2013-12-31$0
Other income received2013-12-31$116,059
Net income (gross income less expenses)2013-12-31$175,495
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,068,031
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$892,536
Assets. Value of participant loans2013-12-31$61,908
Total contributions received or receivable from employer(s)2013-12-31$20,164
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$2,819
2012 : PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$307,205
Total plan liabilities at beginning of year2012-12-31$347,748
Total income from all sources2012-12-31$229,909
Expenses. Total of all expenses incurred2012-12-31$12,144
Benefits paid (including direct rollovers)2012-12-31$8,004
Total plan assets at end of year2012-12-31$1,199,741
Total plan assets at beginning of year2012-12-31$1,022,519
Value of fidelity bond covering the plan2012-12-31$1,000,000
Total contributions received or receivable from participants2012-12-31$62,300
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$140,412
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$217,765
Net plan assets at end of year (total assets less liabilities)2012-12-31$892,536
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$674,771
Assets. Value of participant loans2012-12-31$78,610
Total contributions received or receivable from employer(s)2012-12-31$27,197
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$4,140
2011 : PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$347,748
Total plan liabilities at beginning of year2011-12-31$367,861
Total income from all sources2011-12-31$141,988
Expenses. Total of all expenses incurred2011-12-31$18,681
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$1,022,519
Total plan assets at beginning of year2011-12-31$919,325
Total contributions received or receivable from participants2011-12-31$44,000
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$82,918
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$123,307
Net plan assets at end of year (total assets less liabilities)2011-12-31$674,771
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$551,464
Assets. Value of participant loans2011-12-31$33,368
Total contributions received or receivable from employer(s)2011-12-31$15,070
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$18,681
2010 : PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$367,598
Total plan liabilities at beginning of year2010-12-31$387,500
Total income from all sources2010-12-31$60,262
Expenses. Total of all expenses incurred2010-12-31$94,671
Benefits paid (including direct rollovers)2010-12-31$78,105
Total plan assets at end of year2010-12-31$891,581
Total plan assets at beginning of year2010-12-31$945,892
Total contributions received or receivable from participants2010-12-31$37,306
Expenses. Other expenses not covered elsewhere2010-12-31$16,011
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$8,949
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$-34,409
Net plan assets at end of year (total assets less liabilities)2010-12-31$523,983
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$558,392
Assets. Value of participant loans2010-12-31$44,869
Assets. Value of assets in partnership/joint-venture interests2010-12-31$181,350
Total contributions received or receivable from employer(s)2010-12-31$14,007
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$555
2009 : PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C.

2015: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PROFIT SHARING PLAN FOR W. ALEX CHOI, P.C. 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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