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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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0202023-01-01MELISSA VERSNIK2024-06-12
0202022-01-01MELISSA VERSNIK2023-06-26
0202021-01-01NEIL SHIFMAN2022-06-14
0202020-01-01NEIL SHIFMAN2021-05-20

Plan Statistics for

401k plan membership statisitcs for

Measure Date Value
2025: 2025 401k membership
Total number of particpants at beginning of year2025-07-0868
Total number of particpants at end of year2025-07-0876
Number of Participants With Account Balances2025-07-0868
2024: 2024 401k membership
Total number of particpants at beginning of year2024-06-1246
Total number of particpants at end of year2024-06-1265
Number of Participants With Account Balances2024-06-1259
2022: 2022 401k membership
Total number of particpants at beginning of year2022-06-1449
Total number of particpants at end of year2022-06-1450
Number of Participants With Account Balances2022-06-1447

Financial Data on

Measure Date Value
2025 : 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-0840070
Net assets as of the end of the plan year2025-07-08832321
Total assets as of the beginning of the plan year2025-07-08617574
Value of plan covered by a fidelity bond2025-07-0890000
Participant contributions to plan in this plan year2025-07-08117398
Other income to plan in this plan year2025-07-0891569
Plan net income in this plan year2025-07-08214747
Net assets as of the end of the plan year2025-07-08832321
Net assets as of the beginning of the plan year2025-07-08617574
Employer contributions to plan in this plan year2025-07-0845850
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-083049
2024 : 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-1214211
Net assets as of the end of the plan year2024-06-12617574
Total assets as of the beginning of the plan year2024-06-12391631
Value of plan covered by a fidelity bond2024-06-1270000
Participant contributions to plan in this plan year2024-06-12105875
Other contributions to plan in this plan year2024-06-120
Other income to plan in this plan year2024-06-1292282
Plan net income in this plan year2024-06-12225943
Net assets as of the end of the plan year2024-06-12617574
Net assets as of the beginning of the plan year2024-06-12391631
Employer contributions to plan in this plan year2024-06-1241997
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-12816
2022 : 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-1413364
Net assets as of the end of the plan year2022-06-14372580
Total assets as of the beginning of the plan year2022-06-14219940
Value of plan covered by a fidelity bond2022-06-1440000
Participant contributions to plan in this plan year2022-06-1480257
Other expenses paid from plan in this plan year2022-06-142704
Other income to plan in this plan year2022-06-1454124
Plan net income in this plan year2022-06-14152640
Net assets as of the end of the plan year2022-06-14372580
Net assets as of the beginning of the plan year2022-06-14219940
Employer contributions to plan in this plan year2022-06-1431623

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