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LINCOLN FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameLINCOLN FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

LINCOLN FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING 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

BML FINANCIAL, INC. DBA LINCOLN FINANCIAL SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:BML FINANCIAL, INC. DBA LINCOLN FINANCIAL SERVICES, INC.
Employer identification number (EIN):832970809
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LINCOLN FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BRANDON LINCOLN2024-06-07
0012022-01-01BRANDON LINCOLN2023-09-22
0012021-01-01BRANDON LINCOLN2022-02-08
0012020-01-01BRANDON LINCOLN2021-02-23
0012019-01-01BRANDON LINCOLN2020-07-07

Plan Statistics for LINCOLN FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for LINCOLN FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025: LINCOLN FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-03-192
Total number of particpants at end of year2025-03-192
Number of Participants With Account Balances2025-03-192
2024: LINCOLN FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-072
Total number of particpants at end of year2024-06-072
Number of Participants With Account Balances2024-06-072

Financial Data on LINCOLN FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : LINCOLN FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-03-191732
Net assets as of the end of the plan year2025-03-19325654
Total assets as of the beginning of the plan year2025-03-19243758
Value of plan covered by a fidelity bond2025-03-19100000
Participant contributions to plan in this plan year2025-03-199559
Other income to plan in this plan year2025-03-1966421
Plan net income in this plan year2025-03-1981896
Net assets as of the end of the plan year2025-03-19325654
Net assets as of the beginning of the plan year2025-03-19243758
Employer contributions to plan in this plan year2025-03-197648
Fees paid to broker by Benefit Provider2025-03-19143
Expensese paid to adminstrative service provicers from plan in this plan year2025-03-191732
2024 : LINCOLN FINANCIAL SERVICES, INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-071298
Net assets as of the end of the plan year2024-06-07243758
Total assets as of the beginning of the plan year2024-06-07171012
Value of plan covered by a fidelity bond2024-06-07100000
Participant contributions to plan in this plan year2024-06-079168
Other income to plan in this plan year2024-06-0757542
Plan net income in this plan year2024-06-0772746
Net assets as of the end of the plan year2024-06-07243758
Net assets as of the beginning of the plan year2024-06-07171012
Employer contributions to plan in this plan year2024-06-077334
Fees paid to broker by Benefit Provider2024-06-07102
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-071298

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