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EMPLOYEE BENEFIT PLAN OF BETTER WAY OF MIAMI, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF BETTER WAY OF MIAMI, INC.
Plan identification number 002

EMPLOYEE BENEFIT PLAN OF BETTER WAY OF MIAMI, INC. 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.
  • 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

BETTER WAY OF MIAMI, INC. has sponsored the creation of one or more 401k plans.

Company Name:BETTER WAY OF MIAMI, INC.
Employer identification number (EIN):592462933
NAIC Classification:621420
NAIC Description:Outpatient Mental Health and Substance Abuse Centers

Additional information about BETTER WAY OF MIAMI, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1984-05-22
Company Identification Number: N03226
Legal Registered Office Address: 800 NW 28 ST

MIAMI

33127

More information about BETTER WAY OF MIAMI, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF BETTER WAY OF MIAMI, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01SAMUEL GOLDBERG2024-06-20
0022022-01-01SAMUEL GOLDBERG2024-06-21
0022021-01-01SAMUEL GOLDBERG2022-10-24
0022020-01-01SAMUEL GOLDBERG2021-06-14
0022019-01-01SAMUEL GOLDBERG2020-06-25
0022018-01-01SAMUEL GOLDBERG2019-04-10
0022017-01-01SAMUEL GOLDBERG2018-04-11 SAMUEL GOLDBERG2018-04-11
0022016-01-01SAMUEL GOLDBERG2017-04-14 SAMUEL GOLDBERG2017-04-14
0022015-01-01ANGELA PALMER2016-07-26 ANGELA PALMER2016-07-26
0022014-01-01ANGELA PALMER2015-06-08 ANGELA PALMER2015-06-08
0022013-01-01ANGELA PALMER2014-07-30 ANGELA PALMER2014-07-30
0022012-01-01ANGELA PALMER2013-07-24 ANGELA PALMER2013-07-24
0022011-01-01ANGELA PALMER2012-07-26 ANGELA PALMER2012-07-26
0022010-01-01ANGELA PALMER2011-07-29

Plan Statistics for EMPLOYEE BENEFIT PLAN OF BETTER WAY OF MIAMI, INC.

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF BETTER WAY OF MIAMI, INC.

Measure Date Value
2025: EMPLOYEE BENEFIT PLAN OF BETTER WAY OF MIAMI, INC. 2025 401k membership
Total number of particpants at beginning of year2025-05-0756
Total number of particpants at end of year2025-05-0746
Number of Participants With Account Balances2025-05-0739
2024: EMPLOYEE BENEFIT PLAN OF BETTER WAY OF MIAMI, INC. 2024 401k membership
Total number of particpants at beginning of year2024-06-2050
Total number of particpants at end of year2024-06-2050
Number of Participants With Account Balances2024-06-2048

Financial Data on EMPLOYEE BENEFIT PLAN OF BETTER WAY OF MIAMI, INC.

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF BETTER WAY OF MIAMI, INC. 2025 401k financial data
Total transfers to/from plan in this plan year2025-05-070
Total liabilities as of the end of the plan year2025-05-070
Total liabilities as of the beginning of the plan year2025-05-070
Total expenses incurred by plan in this plan year2025-05-07110888
Net assets as of the end of the plan year2025-05-071430228
Total assets as of the beginning of the plan year2025-05-071176759
Value of plan covered by a fidelity bond2025-05-07500000
Participant contributions to plan in this plan year2025-05-07103445
Value of participant loans at end of plan year2025-05-0713497
Other expenses paid from plan in this plan year2025-05-070
Other contributions to plan in this plan year2025-05-0725784
Other income to plan in this plan year2025-05-07178585
Plan net income in this plan year2025-05-07253469
Net assets as of the end of the plan year2025-05-071430228
Net assets as of the beginning of the plan year2025-05-071176759
Employer contributions to plan in this plan year2025-05-0756543
Fees paid to broker by Benefit Provider2025-05-07640
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-07583
2024 : EMPLOYEE BENEFIT PLAN OF BETTER WAY OF MIAMI, INC. 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-200
Total liabilities as of the end of the plan year2024-06-200
Total liabilities as of the beginning of the plan year2024-06-200
Total expenses incurred by plan in this plan year2024-06-2041126
Net assets as of the end of the plan year2024-06-201176759
Total assets as of the beginning of the plan year2024-06-20946474
Value of plan covered by a fidelity bond2024-06-20500000
Participant contributions to plan in this plan year2024-06-2088225
Value of participant loans at end of plan year2024-06-2019012
Other expenses paid from plan in this plan year2024-06-200
Other contributions to plan in this plan year2024-06-205893
Other income to plan in this plan year2024-06-20132223
Plan net income in this plan year2024-06-20230285
Net assets as of the end of the plan year2024-06-201176759
Net assets as of the beginning of the plan year2024-06-20946474
Employer contributions to plan in this plan year2024-06-2045070
Fees paid to broker by Benefit Provider2024-06-20321
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-20171

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