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THE AMERICAN GROUP INC 401K 401k Plan overview

Plan NameTHE AMERICAN GROUP INC 401K
Plan identification number 001

THE AMERICAN GROUP INC 401K 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.
  • 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 AMERICAN GROUP INC has sponsored the creation of one or more 401k plans.

Company Name:THE AMERICAN GROUP INC
Employer identification number (EIN):800490839
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE AMERICAN GROUP INC 401K

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01NICK RICE2024-09-02
0012022-01-01NICK RICE2023-06-22
0012021-01-01SHIRLEY HORNER2022-07-14
0012020-01-01SHIRLEY HORNER2021-07-10
0012019-01-01SHIRLEY HORNER2020-06-11

Financial Data on THE AMERICAN GROUP INC 401K

Measure Date Value
2025 : THE AMERICAN GROUP INC 401K 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-070
Net assets as of the end of the plan year2025-06-0726705
Total assets as of the beginning of the plan year2025-06-0722478
Value of plan covered by a fidelity bond2025-06-073000
Participant contributions to plan in this plan year2025-06-071115
Other income to plan in this plan year2025-06-073112
Plan net income in this plan year2025-06-074227
Net assets as of the end of the plan year2025-06-0726705
Net assets as of the beginning of the plan year2025-06-0722478
2024 : THE AMERICAN GROUP INC 401K 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-020
Net assets as of the end of the plan year2024-09-0222478
Total assets as of the beginning of the plan year2024-09-0217392
Value of plan covered by a fidelity bond2024-09-022000
Participant contributions to plan in this plan year2024-09-022152
Other income to plan in this plan year2024-09-022934
Plan net income in this plan year2024-09-025086
Net assets as of the end of the plan year2024-09-0222478
Net assets as of the beginning of the plan year2024-09-0217392
2022 : THE AMERICAN GROUP INC 401K 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-140
Net assets as of the end of the plan year2022-07-1415660
Total assets as of the beginning of the plan year2022-07-148135
Value of plan covered by a fidelity bond2022-07-141000
Participant contributions to plan in this plan year2022-07-145885
Other income to plan in this plan year2022-07-141640
Plan net income in this plan year2022-07-147525
Net assets as of the end of the plan year2022-07-1415660
Net assets as of the beginning of the plan year2022-07-148135

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