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THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

THE DATAMAX SOFTWARE GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE DATAMAX SOFTWARE GROUP, INC.
Employer identification number (EIN):680348566
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01TOM EDDINGER2021-05-25
0012019-01-01TOM EDDINGER2020-08-03
0012018-01-01TOM EDDINGER2019-08-07
0012017-01-01TOM EDDINGER2018-05-31
0012016-01-01TOM EDDINGER2017-07-26
0012015-01-01TOM EDDINGER2016-06-14
0012014-01-01TOM EDDINGER2015-05-04
0012013-01-01TOM EDDINGER2014-05-23
0012012-01-01TOM EDDINGER2013-04-17
0012011-01-01TOM EDDINGER2012-05-10
0012010-01-01TOM EDDINGER2011-05-26

Plan Statistics for THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2022: THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0150
Total number of active participants reported on line 7a of the Form 55002022-01-0130
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0119
Total of all active and inactive participants2022-01-0149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0149
Number of participants with account balances2022-01-0149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-014
2021: THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0149
Total number of active participants reported on line 7a of the Form 55002021-01-0138
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0112
Total of all active and inactive participants2021-01-0150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0150
Number of participants with account balances2021-01-0149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-014

Financial Data on THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2022 : THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources2022-12-31$478,847
Expenses. Total of all expenses incurred2022-12-31$1,185,649
Benefits paid (including direct rollovers)2022-12-31$1,180,316
Total plan assets at end of year2022-12-31$4,744,344
Total plan assets at beginning of year2022-12-31$5,451,146
Value of fidelity bond covering the plan2022-12-31$400,000
Total contributions received or receivable from participants2022-12-31$305,297
Expenses. Other expenses not covered elsewhere2022-12-31$1,095
Other income received2022-12-31$-108,817
Net income (gross income less expenses)2022-12-31$-706,802
Net plan assets at end of year (total assets less liabilities)2022-12-31$4,744,344
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$5,451,146
Total contributions received or receivable from employer(s)2022-12-31$282,367
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$4,238
2021 : THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total income from all sources2021-12-31$1,022,058
Expenses. Total of all expenses incurred2021-12-31$69,049
Benefits paid (including direct rollovers)2021-12-31$64,748
Total plan assets at end of year2021-12-31$5,451,146
Total plan assets at beginning of year2021-12-31$4,498,137
Value of fidelity bond covering the plan2021-12-31$300,000
Total contributions received or receivable from participants2021-12-31$284,107
Expenses. Other expenses not covered elsewhere2021-12-31$100
Other income received2021-12-31$472,441
Net income (gross income less expenses)2021-12-31$953,009
Net plan assets at end of year (total assets less liabilities)2021-12-31$5,451,146
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$4,498,137
Total contributions received or receivable from employer(s)2021-12-31$265,510
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$4,201

Form 5500 Responses for THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN

2022: THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE DATAMAX SOFTWARE GROUP, INC. 401K PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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