| Plan Name | MICHAEL A. TORCHIA, CPA, PC 401(K) PROFIT SHARING PLAN |
| Plan identification number | 001 |
| 401k Plan Type | Defined Contribution Pension |
| Plan Features/Benefits |
|
| Company Name: | MICHAEL A. TORCHIA, CPA, P.C. |
| Employer identification number (EIN): | 920643283 |
| NAIC Classification: | 541211 |
| NAIC Description: | Offices of Certified Public Accountants |
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|---|---|---|---|---|
| 001 | 2024-01-01 | MICHAEL A. TORCHIA | |||
| 001 | 2023-01-01 | ||||
| 001 | 2023-01-01 | MICHAEL A. TORCHIA |
| Measure | Date | Value |
|---|---|---|
| 2023 : MICHAEL A. TORCHIA, CPA, PC 401(K) PROFIT SHARING PLAN 2023 401k financial data | ||
| Total income from all sources | 2023-12-31 | $921,843 |
| Expenses. Total of all expenses incurred | 2023-12-31 | $50 |
| Total plan assets at end of year | 2023-12-31 | $921,793 |
| Total plan assets at beginning of year | 2023-12-31 | $0 |
| Total contributions received or receivable from participants | 2023-12-31 | $30,000 |
| Contributions received from other sources (not participants or employers) | 2023-12-31 | $846,121 |
| Other income received | 2023-12-31 | $45,722 |
| Net income (gross income less expenses) | 2023-12-31 | $921,793 |
| Net plan assets at end of year (total assets less liabilities) | 2023-12-31 | $921,793 |
| Net plan assets at beginning of year (total assets less liabilities) | 2023-12-31 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2023-12-31 | $50 |
| 2023: MICHAEL A. TORCHIA, CPA, PC 401(K) PROFIT SHARING PLAN 2023 form 5500 responses | ||
|---|---|---|
| 2023-01-01 | Type of plan entity | Single employer plan |
| 2023-01-01 | Plan funding arrangement – Trust | Yes |
| 2023-01-01 | Plan benefit arrangement - Trust | Yes |