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NEW FREEDOM RESOURCES 401(K) PLAN 401k Plan overview

Plan NameNEW FREEDOM RESOURCES 401(K) PLAN
Plan identification number 001

NEW FREEDOM RESOURCES 401(K) PLAN 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.
  • 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

NEW FREEDOM RESOURCES, LLC has sponsored the creation of one or more 401k plans.

Company Name:NEW FREEDOM RESOURCES, LLC
Employer identification number (EIN):832749986
NAIC Classification:562000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW FREEDOM RESOURCES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARK NEFF2024-05-29
0012022-01-01MARK NEFF2023-07-13
0012021-01-01MARK NEFF2022-07-05

Financial Data on NEW FREEDOM RESOURCES 401(K) PLAN

Measure Date Value
2025 : NEW FREEDOM RESOURCES 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-207765
Net assets as of the end of the plan year2025-06-20677005
Total assets as of the beginning of the plan year2025-06-20381858
Value of plan covered by a fidelity bond2025-06-20500000
Participant contributions to plan in this plan year2025-06-20100173
Other income to plan in this plan year2025-06-2049381
Plan net income in this plan year2025-06-20295147
Net assets as of the end of the plan year2025-06-20677005
Net assets as of the beginning of the plan year2025-06-20381858
Employer contributions to plan in this plan year2025-06-20153358
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-207765
2024 : NEW FREEDOM RESOURCES 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-05-290
Total expenses incurred by plan in this plan year2024-05-295990
Net assets as of the end of the plan year2024-05-29381858
Total assets as of the beginning of the plan year2024-05-29195449
Value of plan covered by a fidelity bond2024-05-29500000
Participant contributions to plan in this plan year2024-05-2967366
Other contributions to plan in this plan year2024-05-294778
Other income to plan in this plan year2024-05-2937200
Plan net income in this plan year2024-05-29186409
Net assets as of the end of the plan year2024-05-29381858
Net assets as of the beginning of the plan year2024-05-29195449
Employer contributions to plan in this plan year2024-05-2983055
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-295990
2022 : NEW FREEDOM RESOURCES 401(K) PLAN 2022 401k financial data
Total liabilities as of the end of the plan year2022-07-050
Total liabilities as of the beginning of the plan year2022-07-050
Total expenses incurred by plan in this plan year2022-07-05250
Net assets as of the end of the plan year2022-07-0597714
Total assets as of the beginning of the plan year2022-07-050
Value of plan covered by a fidelity bond2022-07-0550000
Participant contributions to plan in this plan year2022-07-0534662
Other contributions to plan in this plan year2022-07-050
Other income to plan in this plan year2022-07-05785
Plan net income in this plan year2022-07-0597714
Net assets as of the end of the plan year2022-07-0597714
Net assets as of the beginning of the plan year2022-07-050
Employer contributions to plan in this plan year2022-07-0562517
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-05250

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