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LONE STAR GASKET 401(K) PLAN 401k Plan overview

Plan NameLONE STAR GASKET 401(K) PLAN
Plan identification number 001

LONE STAR GASKET 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.
  • 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

SEAN LAYMAN, LLC has sponsored the creation of one or more 401k plans.

Company Name:SEAN LAYMAN, LLC
Employer identification number (EIN):883308956
NAIC Classification:339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LONE STAR GASKET 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SANJEEV PAUDEL2024-10-02

Plan Statistics for LONE STAR GASKET 401(K) PLAN

401k plan membership statisitcs for LONE STAR GASKET 401(K) PLAN

Measure Date Value
2025: LONE STAR GASKET 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-2520
Total number of particpants at end of year2025-06-2520
Number of Participants With Account Balances2025-06-258
2024: LONE STAR GASKET 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-0219
Total number of particpants at end of year2024-10-0220
Number of Participants With Account Balances2024-10-028

Financial Data on LONE STAR GASKET 401(K) PLAN

Measure Date Value
2025 : LONE STAR GASKET 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-06-250
Total expenses incurred by plan in this plan year2025-06-2585636
Net assets as of the end of the plan year2025-06-25343117
Total assets as of the beginning of the plan year2025-06-25345302
Participant contributions to plan in this plan year2025-06-2533044
Value of participant loans at end of plan year2025-06-254322
Other income to plan in this plan year2025-06-2528372
Plan net income in this plan year2025-06-25-2185
Net assets as of the end of the plan year2025-06-25343117
Net assets as of the beginning of the plan year2025-06-25345302
Employer contributions to plan in this plan year2025-06-2522035
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-25225
2024 : LONE STAR GASKET 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-10-020
Total expenses incurred by plan in this plan year2024-10-02104226
Net assets as of the end of the plan year2024-10-02345302
Total assets as of the beginning of the plan year2024-10-02364808
Participant contributions to plan in this plan year2024-10-0230716
Value of participant loans at end of plan year2024-10-0213647
Other income to plan in this plan year2024-10-0234981
Plan net income in this plan year2024-10-02-19506
Net assets as of the end of the plan year2024-10-02345302
Net assets as of the beginning of the plan year2024-10-02364808
Employer contributions to plan in this plan year2024-10-0219023
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-02210

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