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EMPLOYEE BENEFIT PLAN OF MEMPHIS LIBRARY FOUNDATION 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF MEMPHIS LIBRARY FOUNDATION
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF MEMPHIS LIBRARY FOUNDATION Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

MEMPHIS LIBRARY FOUNDATION has sponsored the creation of one or more 401k plans.

Company Name:MEMPHIS LIBRARY FOUNDATION
Employer identification number (EIN):621590768
NAIC Classification:519100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF MEMPHIS LIBRARY FOUNDATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHRISTINE WEINREICH2024-10-15 CHRISTINE WEINREICH2024-10-15
0012022-01-01CHRISTINE WEINREICH2023-07-31
0012021-01-01CHRISTINE WEINREICH2022-11-21
0012021-01-01CHRISTINE WEINREICH2022-11-21

Plan Statistics for EMPLOYEE BENEFIT PLAN OF MEMPHIS LIBRARY FOUNDATION

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF MEMPHIS LIBRARY FOUNDATION

Measure Date Value
2025: EMPLOYEE BENEFIT PLAN OF MEMPHIS LIBRARY FOUNDATION 2025 401k membership
Total number of particpants at beginning of year2025-07-233
Total number of particpants at end of year2025-07-234
Number of Participants With Account Balances2025-07-233
2024: EMPLOYEE BENEFIT PLAN OF MEMPHIS LIBRARY FOUNDATION 2024 401k membership
Total number of particpants at beginning of year2024-10-153
Total number of particpants at end of year2024-10-153
Number of Participants With Account Balances2024-10-153

Financial Data on EMPLOYEE BENEFIT PLAN OF MEMPHIS LIBRARY FOUNDATION

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF MEMPHIS LIBRARY FOUNDATION 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-23568
Net assets as of the end of the plan year2025-07-2361043
Total assets as of the beginning of the plan year2025-07-2331314
Participant contributions to plan in this plan year2025-07-2317130
Other income to plan in this plan year2025-07-235069
Plan net income in this plan year2025-07-2329729
Net assets as of the end of the plan year2025-07-2361043
Net assets as of the beginning of the plan year2025-07-2331314
Employer contributions to plan in this plan year2025-07-238098
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-23568
2024 : EMPLOYEE BENEFIT PLAN OF MEMPHIS LIBRARY FOUNDATION 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-150
Total liabilities as of the beginning of the plan year2024-10-150
Total expenses incurred by plan in this plan year2024-10-15105
Net assets as of the end of the plan year2024-10-1531314
Total assets as of the beginning of the plan year2024-10-1511698
Participant contributions to plan in this plan year2024-10-1511320
Other expenses paid from plan in this plan year2024-10-150
Other income to plan in this plan year2024-10-153244
Plan net income in this plan year2024-10-1519616
Net assets as of the end of the plan year2024-10-1531314
Net assets as of the beginning of the plan year2024-10-1511698
Employer contributions to plan in this plan year2024-10-155157
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-15105

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