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THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN 401k Plan overview

Plan NameTHE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN
Plan identification number 001

THE PLATINUM GROUP MANAGEMENT INC 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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 PLATINUM GROUP MANAGEMENT INC has sponsored the creation of one or more 401k plans.

Company Name:THE PLATINUM GROUP MANAGEMENT INC
Employer identification number (EIN):825419345
NAIC Classification:445310
NAIC Description:Beer, Wine, and Liquor Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012018-05-02

Plan Statistics for THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN

401k plan membership statisitcs for THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN

Measure Date Value
2022: THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011
Total number of active participants reported on line 7a of the Form 55002022-01-011
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 participants2022-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-011
Number of participants with account balances2022-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2018: THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-05-020
Total number of active participants reported on line 7a of the Form 55002018-05-021
Number of retired or separated participants receiving benefits2018-05-020
Number of other retired or separated participants entitled to future benefits2018-05-020
Total of all active and inactive participants2018-05-021
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-05-020
Total participants2018-05-021
Number of participants with account balances2018-05-021
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-05-020

Financial Data on THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN

Measure Date Value
2022 : THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$116,714
Expenses. Total of all expenses incurred2022-12-31$0
Benefits paid (including direct rollovers)2022-12-31$0
Total plan assets at end of year2022-12-31$127,859
Total plan assets at beginning of year2022-12-31$11,145
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$116,714
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$116,714
Net plan assets at end of year (total assets less liabilities)2022-12-31$127,859
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$11,145
Assets. Value of employer securities2022-12-31$127,859
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$0
2018 : THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN 2018 401k financial data
Total income from all sources2018-12-31$63,822
Expenses. Total of all expenses incurred2018-12-31$30
Total plan assets at end of year2018-12-31$63,792
Total plan assets at beginning of year2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$30
Contributions received from other sources (not participants or employers)2018-12-31$149,948
Other income received2018-12-31$-86,126
Net income (gross income less expenses)2018-12-31$63,792
Net plan assets at end of year (total assets less liabilities)2018-12-31$63,792
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Assets. Value of participant loans2018-12-31$50,000
Assets. Value of employer securities2018-12-31$13,274

Form 5500 Responses for THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN

2022: THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN 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
2018: THE PLATINUM GROUP MANAGEMENT INC 401(K) PLAN 2018 form 5500 responses
2018-05-02Type of plan entitySingle employer plan
2018-05-02First time form 5500 has been submittedYes
2018-05-02Submission has been amendedNo
2018-05-02This submission is the final filingNo
2018-05-02This return/report is a short plan year return/report (less than 12 months)Yes
2018-05-02Plan is a collectively bargained planNo
2018-05-02Plan funding arrangement – TrustYes
2018-05-02Plan benefit arrangement - TrustYes

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