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JACK T. SMITH PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameJACK T. SMITH PROFIT SHARING PLAN & TRUST
Plan identification number 001

JACK T. SMITH PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan covering Self-Employed individuals.
  • 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

JACK T. SMITH CONSULTING has sponsored the creation of one or more 401k plans.

Company Name:JACK T. SMITH CONSULTING
Employer identification number (EIN):752916193
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JACK T. SMITH PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JACK T SMITH2023-10-16
0012021-01-01JACK T SMITH2022-10-11
0012020-01-01JACK T. SMITH2021-10-11
0012019-01-01JACK T. SMITH2020-09-25
0012018-01-01JACK T. SMITH2019-10-01
0012017-01-01
0012016-01-01
0012016-01-01JACK T. SMITH2018-10-18
0012015-01-01FRAN MORGAN2016-10-10

Plan Statistics for JACK T. SMITH PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for JACK T. SMITH PROFIT SHARING PLAN & TRUST

Measure Date Value
2022: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-012
Total number of active participants reported on line 7a of the Form 55002022-01-012
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-012
Number of participants with account balances2022-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-012
Total number of active participants reported on line 7a of the Form 55002021-01-012
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-012
Number of participants with account balances2021-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-012
Total number of active participants reported on line 7a of the Form 55002020-01-012
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-012
Number of participants with account balances2020-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-012
Total number of active participants reported on line 7a of the Form 55002019-01-012
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-012
Number of participants with account balances2019-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-012
Total number of active participants reported on line 7a of the Form 55002018-01-012
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-012
Number of participants with account balances2018-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-012
Total number of active participants reported on line 7a of the Form 55002017-01-012
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-012
Number of participants with account balances2017-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-012
Total number of active participants reported on line 7a of the Form 55002016-01-012
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-012
Number of participants with account balances2016-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on JACK T. SMITH PROFIT SHARING PLAN & TRUST

Measure Date Value
2022 : JACK T. SMITH PROFIT SHARING PLAN & TRUST 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$229
Total plan liabilities at beginning of year2022-12-31$229
Total income from all sources2022-12-31$-49,270
Expenses. Total of all expenses incurred2022-12-31$9,917
Benefits paid (including direct rollovers)2022-12-31$0
Total plan assets at end of year2022-12-31$1,692,921
Total plan assets at beginning of year2022-12-31$1,752,108
Value of fidelity bond covering the plan2022-12-31$175,188
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-49,270
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-59,187
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,692,692
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,751,879
Assets. Value of assets in partnership/joint-venture interests2022-12-31$107,072
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$9,917
2021 : JACK T. SMITH PROFIT SHARING PLAN & TRUST 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$229
Total plan liabilities at beginning of year2021-12-31$229
Total income from all sources2021-12-31$213,984
Expenses. Total of all expenses incurred2021-12-31$22,369
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$1,752,108
Total plan assets at beginning of year2021-12-31$1,560,493
Value of fidelity bond covering the plan2021-12-31$156,026
Total contributions received or receivable from participants2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$22,369
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$150,336
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$191,615
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,751,879
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,560,264
Assets. Value of assets in partnership/joint-venture interests2021-12-31$190,634
Total contributions received or receivable from employer(s)2021-12-31$63,648
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
2020 : JACK T. SMITH PROFIT SHARING PLAN & TRUST 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$229
Total plan liabilities at beginning of year2020-12-31$229
Total income from all sources2020-12-31$171,392
Expenses. Total of all expenses incurred2020-12-31$39,873
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$1,560,493
Total plan assets at beginning of year2020-12-31$1,428,974
Value of fidelity bond covering the plan2020-12-31$142,875
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$39,873
Contributions received from other sources (not participants or employers)2020-12-31$0
Noncash contributions received2020-12-31$113,629
Net income (gross income less expenses)2020-12-31$131,519
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,560,264
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,428,745
Assets. Value of assets in partnership/joint-venture interests2020-12-31$165,944
Total contributions received or receivable from employer(s)2020-12-31$57,763
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$0
2019 : JACK T. SMITH PROFIT SHARING PLAN & TRUST 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$229
Total plan liabilities at beginning of year2019-12-31$229
Total income from all sources2019-12-31$237,271
Expenses. Total of all expenses incurred2019-12-31$21,752
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$1,428,974
Total plan assets at beginning of year2019-12-31$1,213,455
Value of fidelity bond covering the plan2019-12-31$130,000
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$21,752
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$197,482
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$215,519
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,428,745
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,213,226
Assets. Value of assets in partnership/joint-venture interests2019-12-31$119,310
Total contributions received or receivable from employer(s)2019-12-31$39,789
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0
2018 : JACK T. SMITH PROFIT SHARING PLAN & TRUST 2018 401k financial data
Total plan liabilities at end of year2018-12-31$229
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-7,269
Expenses. Total of all expenses incurred2018-12-31$21,428
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$1,213,455
Total plan assets at beginning of year2018-12-31$1,241,923
Value of fidelity bond covering the plan2018-12-31$130,000
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$21,428
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-17,024
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-28,697
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,213,226
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,241,923
Assets. Value of assets in partnership/joint-venture interests2018-12-31$90,520
Total contributions received or receivable from employer(s)2018-12-31$9,755
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
2017 : JACK T. SMITH PROFIT SHARING PLAN & TRUST 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$127,637
Expenses. Total of all expenses incurred2017-12-31$9,289
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$1,241,923
Total plan assets at beginning of year2017-12-31$1,123,575
Total contributions received or receivable from participants2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$9,289
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$94,824
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$118,348
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,241,923
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,123,575
Assets. Value of assets in partnership/joint-venture interests2017-12-31$141,270
Total contributions received or receivable from employer(s)2017-12-31$32,813
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$0
2016 : JACK T. SMITH PROFIT SHARING PLAN & TRUST 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$418,951
Expenses. Total of all expenses incurred2016-12-31$7,783
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$1,123,575
Total plan assets at beginning of year2016-12-31$712,407
Total contributions received or receivable from participants2016-12-31$0
Expenses. Other expenses not covered elsewhere2016-12-31$7,783
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$408,742
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$411,168
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,123,575
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$712,407
Assets. Value of assets in partnership/joint-venture interests2016-12-31$149,680
Total contributions received or receivable from employer(s)2016-12-31$10,209
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0

Form 5500 Responses for JACK T. SMITH PROFIT SHARING PLAN & TRUST

2022: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: JACK T. SMITH PROFIT SHARING PLAN & TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MERRILL LYNCH (National Association of Insurance Commissioners NAIC id number: RC017 )
Policy contract numberRC0173244
Policy instance 1
Insurance contract or identification numberRC0173244
Number of Individuals Covered2
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $150
Total amount of fees paid to insurance companyUSD $8,683
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $150
Amount paid for insurance broker fees8683
Additional information about fees paid to insurance brokerBROKERAGE
Insurance broker organization code?4
Insurance broker nameMERRILL LYNCH, PIERCE

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