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THE FIRST HAND GROUP 401k Plan overview

Plan NameTHE FIRST HAND GROUP
Plan identification number 001

THE FIRST HAND GROUP 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

THE FIRST HAND GROUP has sponsored the creation of one or more 401k plans.

Company Name:THE FIRST HAND GROUP
Employer identification number (EIN):872466956
NAIC Classification:812990
NAIC Description:All Other Personal Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST HAND GROUP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-10-01NICK RICE2024-09-06

Financial Data on THE FIRST HAND GROUP

Measure Date Value
2025 : THE FIRST HAND GROUP 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-171469
Net assets as of the end of the plan year2025-07-179703
Value of plan covered by a fidelity bond2025-07-171000
Participant contributions to plan in this plan year2025-07-179722
Value of participant loans at end of plan year2025-07-17548
Other contributions to plan in this plan year2025-07-17872
Other income to plan in this plan year2025-07-17578
Plan net income in this plan year2025-07-179703
Net assets as of the end of the plan year2025-07-179703
Net assets as of the beginning of the plan year2025-07-170
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-17180
2024 : THE FIRST HAND GROUP 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-060
Value of plan covered by a fidelity bond2024-09-061000
Plan net income in this plan year2024-09-060
Net assets as of the end of the plan year2024-09-060
Net assets as of the beginning of the plan year2024-09-060

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