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THE TULLY LAW FIRM PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE TULLY LAW FIRM PROFIT SHARING PLAN
Plan identification number 001

THE TULLY LAW FIRM PROFIT SHARING 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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 TULLY LAW FIRM LLC has sponsored the creation of one or more 401k plans.

Company Name:THE TULLY LAW FIRM LLC
Employer identification number (EIN):842397532
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE TULLY LAW FIRM PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01ROBERT TULLY2022-08-11
0012020-01-01ROBERT TULLY2021-09-24

Plan Statistics for THE TULLY LAW FIRM PROFIT SHARING PLAN

401k plan membership statisitcs for THE TULLY LAW FIRM PROFIT SHARING PLAN

Measure Date Value
2025: THE TULLY LAW FIRM PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-05-073
Total number of particpants at end of year2025-05-073
Number of Participants With Account Balances2025-05-073
2024: THE TULLY LAW FIRM PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-213
Total number of particpants at end of year2024-05-212
Number of Participants With Account Balances2024-05-212
2022: THE TULLY LAW FIRM PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-08-113
Total number of particpants at end of year2022-08-113
Number of Participants With Account Balances2022-08-113

Financial Data on THE TULLY LAW FIRM PROFIT SHARING PLAN

Measure Date Value
2025 : THE TULLY LAW FIRM PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-071321
Net assets as of the end of the plan year2025-05-0748134
Total assets as of the beginning of the plan year2025-05-0730247
Value of plan covered by a fidelity bond2025-05-075000
Participant contributions to plan in this plan year2025-05-070
Other contributions to plan in this plan year2025-05-070
Other income to plan in this plan year2025-05-072925
Plan net income in this plan year2025-05-0717887
Net assets as of the end of the plan year2025-05-0748134
Net assets as of the beginning of the plan year2025-05-0730247
Employer contributions to plan in this plan year2025-05-0716283
Fees paid to broker by Benefit Provider2025-05-07115
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-07706
2024 : THE TULLY LAW FIRM PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-213013
Net assets as of the end of the plan year2024-05-2130247
Total assets as of the beginning of the plan year2024-05-2122167
Value of plan covered by a fidelity bond2024-05-215000
Other income to plan in this plan year2024-05-213093
Plan net income in this plan year2024-05-218080
Net assets as of the end of the plan year2024-05-2130247
Net assets as of the beginning of the plan year2024-05-2122167
Employer contributions to plan in this plan year2024-05-218000
Fees paid to broker by Benefit Provider2024-05-21276
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-21719
2022 : THE TULLY LAW FIRM PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-08-110
Total liabilities as of the end of the plan year2022-08-110
Total liabilities as of the beginning of the plan year2022-08-110
Total expenses incurred by plan in this plan year2022-08-1182
Net assets as of the end of the plan year2022-08-1118512
Total assets as of the beginning of the plan year2022-08-117940
Value of plan covered by a fidelity bond2022-08-115000
Participant contributions to plan in this plan year2022-08-110
Other expenses paid from plan in this plan year2022-08-110
Other contributions to plan in this plan year2022-08-110
Other income to plan in this plan year2022-08-111534
Plan net income in this plan year2022-08-1110572
Net assets as of the end of the plan year2022-08-1118512
Net assets as of the beginning of the plan year2022-08-117940
Employer contributions to plan in this plan year2022-08-119120
Expensese paid to adminstrative service provicers from plan in this plan year2022-08-1182

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