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MICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN 401k Plan overview

Plan NameMICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN
Plan identification number 001

MICHAEL SHARP ENTERPRISES, LLC 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.
  • 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

MICHAEL SHARP ENTERPRISES, LLC has sponsored the creation of one or more 401k plans.

Company Name:MICHAEL SHARP ENTERPRISES, LLC
Employer identification number (EIN):020515832
NAIC Classification:113310
NAIC Description:Logging

Additional information about MICHAEL SHARP ENTERPRISES, LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2015-03-31
Company Identification Number: 0802185675
Legal Registered Office Address: 4102 BRANNON BRANCH CT

FULSHEAR
United States of America (USA)
77441

More information about MICHAEL SHARP ENTERPRISES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BRANDY SHARP2024-05-31
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01

Plan Statistics for MICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN

401k plan membership statisitcs for MICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN

Measure Date Value
2025: MICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-2216
Total number of particpants at end of year2025-07-2215
Number of Participants With Account Balances2025-07-2211
2024: MICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-3114
Total number of particpants at end of year2024-05-3116
Number of Participants With Account Balances2024-05-3111
2022: MICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-04-0111
Total number of particpants at end of year2022-04-0110
Number of Participants With Account Balances2022-04-0110

Financial Data on MICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN

Measure Date Value
2025 : MICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-224593
Net assets as of the end of the plan year2025-07-22915246
Total assets as of the beginning of the plan year2025-07-22666424
Value of plan covered by a fidelity bond2025-07-2270000
Participant contributions to plan in this plan year2025-07-2268630
Other contributions to plan in this plan year2025-07-220
Other income to plan in this plan year2025-07-22147322
Plan net income in this plan year2025-07-22248822
Net assets as of the end of the plan year2025-07-22915246
Net assets as of the beginning of the plan year2025-07-22666424
Employer contributions to plan in this plan year2025-07-2237463
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-224593
2024 : MICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-312973
Net assets as of the end of the plan year2024-05-31666424
Total assets as of the beginning of the plan year2024-05-31454403
Value of plan covered by a fidelity bond2024-05-3150000
Participant contributions to plan in this plan year2024-05-3163758
Other contributions to plan in this plan year2024-05-310
Other income to plan in this plan year2024-05-31127391
Plan net income in this plan year2024-05-31212021
Net assets as of the end of the plan year2024-05-31666424
Net assets as of the beginning of the plan year2024-05-31454403
Employer contributions to plan in this plan year2024-05-3123845
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-312973
2022 : MICHAEL SHARP ENTERPRISES, LLC 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-04-0154810
Net assets as of the end of the plan year2022-04-01487826
Total assets as of the beginning of the plan year2022-04-01377297
Value of plan covered by a fidelity bond2022-04-0125000
Participant contributions to plan in this plan year2022-04-0145708
Other contributions to plan in this plan year2022-04-0113410
Other income to plan in this plan year2022-04-0178389
Plan net income in this plan year2022-04-01110529
Net assets as of the end of the plan year2022-04-01487826
Net assets as of the beginning of the plan year2022-04-01377297
Employer contributions to plan in this plan year2022-04-0127832
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-012756

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