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TURNING POINT CORPORATION 401(K) PLAN 401k Plan overview

Plan NameTURNING POINT CORPORATION 401(K) PLAN
Plan identification number 001

TURNING POINT CORPORATION 401(K) PLAN 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

TURNING POINT CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:TURNING POINT CORPORATION
Employer identification number (EIN):821575657
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TURNING POINT CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHAD SWANSON2024-10-08 CHAD SWANSON2024-10-08
0012022-01-01CHAD SWANSON2023-09-25
0012021-01-01CHAD SWANSON2022-10-02
0012020-01-01CSWANSON82021-09-21 CSWANSON82021-09-21
0012019-01-01CHAD SWANSON2020-07-13

Financial Data on TURNING POINT CORPORATION 401(K) PLAN

Measure Date Value
2025 : TURNING POINT CORPORATION 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-09-240
Total expenses incurred by plan in this plan year2025-09-244647
Net assets as of the end of the plan year2025-09-24850353
Total assets as of the beginning of the plan year2025-09-24575654
Value of plan covered by a fidelity bond2025-09-2430000
Participant contributions to plan in this plan year2025-09-24138192
Value of participant loans at end of plan year2025-09-2417000
Other income to plan in this plan year2025-09-2491137
Plan net income in this plan year2025-09-24274699
Net assets as of the end of the plan year2025-09-24850353
Net assets as of the beginning of the plan year2025-09-24575654
Employer contributions to plan in this plan year2025-09-2450017
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-243677
2024 : TURNING POINT CORPORATION 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-10-080
Total expenses incurred by plan in this plan year2024-10-0847349
Net assets as of the end of the plan year2024-10-08575654
Total assets as of the beginning of the plan year2024-10-08368906
Value of plan covered by a fidelity bond2024-10-0830000
Participant contributions to plan in this plan year2024-10-08124447
Other income to plan in this plan year2024-10-0882106
Plan net income in this plan year2024-10-08206748
Net assets as of the end of the plan year2024-10-08575654
Net assets as of the beginning of the plan year2024-10-08368906
Employer contributions to plan in this plan year2024-10-0847544
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-083451
2022 : TURNING POINT CORPORATION 401(K) PLAN 2022 401k financial data
Total liabilities as of the beginning of the plan year2022-10-020
Total expenses incurred by plan in this plan year2022-10-023863
Net assets as of the end of the plan year2022-10-02303525
Total assets as of the beginning of the plan year2022-10-02187235
Value of plan covered by a fidelity bond2022-10-0230000
Participant contributions to plan in this plan year2022-10-0278415
Other income to plan in this plan year2022-10-0229687
Plan net income in this plan year2022-10-02116290
Net assets as of the end of the plan year2022-10-02303525
Net assets as of the beginning of the plan year2022-10-02187235
Employer contributions to plan in this plan year2022-10-0212051
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-021213

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