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NEW DIRECTIONS, INC. 401(K) PLAN 401k Plan overview

Plan NameNEW DIRECTIONS, INC. 401(K) PLAN
Plan identification number 002

NEW DIRECTIONS, INC. 401(K) 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.
  • 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.
  • 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

NEW DIRECTIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW DIRECTIONS, INC.
Employer identification number (EIN):954242745
NAIC Classification:624310
NAIC Description:Vocational Rehabilitation Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW DIRECTIONS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01GREGORY C. SCOTT2015-08-28
0022013-01-01USHA MURTHY2014-07-29
0022012-01-01USHA MURTHY2013-09-09
0022011-01-01LUIS CERVANTES2012-10-13
0022010-01-01JACK YU2011-10-17

Plan Statistics for NEW DIRECTIONS, INC. 401(K) PLAN

401k plan membership statisitcs for NEW DIRECTIONS, INC. 401(K) PLAN

Measure Date Value
2024: NEW DIRECTIONS, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-2960
Total number of particpants at end of year2024-07-2972
Number of Participants With Account Balances2024-07-2931
2022: NEW DIRECTIONS, INC. 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-08-2383
Total number of particpants at end of year2022-08-2383
Number of Participants With Account Balances2022-08-2333

Financial Data on NEW DIRECTIONS, INC. 401(K) PLAN

Measure Date Value
2024 : NEW DIRECTIONS, INC. 401(K) PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-07-290
Total liabilities as of the beginning of the plan year2024-07-290
Total expenses incurred by plan in this plan year2024-07-2993388
Net assets as of the end of the plan year2024-07-29795445
Total assets as of the beginning of the plan year2024-07-29688010
Value of plan covered by a fidelity bond2024-07-29150000
Participant contributions to plan in this plan year2024-07-2956050
Other income to plan in this plan year2024-07-29114151
Plan net income in this plan year2024-07-29107435
Net assets as of the end of the plan year2024-07-29795445
Net assets as of the beginning of the plan year2024-07-29688010
Employer contributions to plan in this plan year2024-07-2930622
Fees paid to broker by Benefit Provider2024-07-291
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-291252
2022 : NEW DIRECTIONS, INC. 401(K) PLAN 2022 401k financial data
Total liabilities as of the end of the plan year2022-08-230
Total liabilities as of the beginning of the plan year2022-08-230
Total expenses incurred by plan in this plan year2022-08-23311933
Net assets as of the end of the plan year2022-08-23735869
Total assets as of the beginning of the plan year2022-08-23840730
Value of plan covered by a fidelity bond2022-08-23150000
Participant contributions to plan in this plan year2022-08-2361103
Value of participant loans at end of plan year2022-08-230
Other expenses paid from plan in this plan year2022-08-230
Other contributions to plan in this plan year2022-08-2312683
Other income to plan in this plan year2022-08-2398218
Plan net income in this plan year2022-08-23-104861
Net assets as of the end of the plan year2022-08-23735869
Net assets as of the beginning of the plan year2022-08-23840730
Employer contributions to plan in this plan year2022-08-2335068
Fees paid to broker by Benefit Provider2022-08-237
Expensese paid to adminstrative service provicers from plan in this plan year2022-08-231607

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