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SCOTT ALLEN II, INC. 401(K) PLAN/TRUST 401k Plan overview

Plan NameSCOTT ALLEN II, INC. 401(K) PLAN/TRUST
Plan identification number 001

SCOTT ALLEN II, INC. 401(K) PLAN/TRUST 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

SCOTT ALLEN II, INC. has sponsored the creation of one or more 401k plans.

Company Name:SCOTT ALLEN II, INC.
Employer identification number (EIN):932061560
NAIC Classification:561300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCOTT ALLEN II, INC. 401(K) PLAN/TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012025-01-01JAY LERNER
0012024-01-01JAY LERNER
0012023-01-01
0012023-01-01JAY LERNER

Financial Data on SCOTT ALLEN II, INC. 401(K) PLAN/TRUST

Measure Date Value
2025 : SCOTT ALLEN II, INC. 401(K) PLAN/TRUST 2025 401k financial data
Total income from all sources2025-01-01$4
Expenses. Total of all expenses incurred2025-01-01$132
Benefits paid (including direct rollovers)2025-01-01$132
Total plan assets at end of year2025-01-01$0
Total plan assets at beginning of year2025-01-01$128
Value of fidelity bond covering the plan2025-01-01$1,000
Other income received2025-01-01$4
Net income (gross income less expenses)2025-01-01$-128
Net plan assets at end of year (total assets less liabilities)2025-01-01$0
Net plan assets at beginning of year (total assets less liabilities)2025-01-01$128
Assets. Value of employer securities2025-01-01$0
2024 : SCOTT ALLEN II, INC. 401(K) PLAN/TRUST 2024 401k financial data
Total income from all sources2024-01-01$32,653
Expenses. Total of all expenses incurred2024-01-01$35,533
Benefits paid (including direct rollovers)2024-01-01$35,533
Total plan assets at end of year2024-01-01$128
Total plan assets at beginning of year2024-01-01$3,008
Value of fidelity bond covering the plan2024-01-01$1,000
Other income received2024-01-01$32,653
Net income (gross income less expenses)2024-01-01$-2,880
Net plan assets at end of year (total assets less liabilities)2024-01-01$128
Net plan assets at beginning of year (total assets less liabilities)2024-01-01$3,008
Assets. Value of employer securities2024-01-01$0
2023 : SCOTT ALLEN II, INC. 401(K) PLAN/TRUST 2023 401k financial data
Total income from all sources2023-12-31$3,023
Expenses. Total of all expenses incurred2023-12-31$15
Benefits paid (including direct rollovers)2023-12-31$0
Total plan assets at end of year2023-12-31$3,008
Total plan assets at beginning of year2023-12-31$0
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$100,000
Other income received2023-12-31$-96,977
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$3,008
Net plan assets at end of year (total assets less liabilities)2023-12-31$3,008
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$15

Form 5500 Responses for SCOTT ALLEN II, INC. 401(K) PLAN/TRUST

2023: SCOTT ALLEN II, INC. 401(K) PLAN/TRUST 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01First time form 5500 has been submittedYes
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes

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