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PERSSON INNOVATION INC. 401K PLAN 401k Plan overview

Plan NamePERSSON INNOVATION INC. 401K PLAN
Plan identification number 001

PERSSON INNOVATION INC. 401K 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

PERSSON INNOVATION INC. has sponsored the creation of one or more 401k plans.

Company Name:PERSSON INNOVATION INC.
Employer identification number (EIN):042855481
NAIC Classification:322200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PERSSON INNOVATION INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ANDREAS HAASKJOLD2024-06-19
0012022-01-01ANDREAS HAASKJOLD2023-07-13
0012021-01-01HILDI GRIVETTI2022-07-28
0012020-01-01ARNE STEGVIK2021-07-06
0012019-01-01ARNE STEGVIK2020-06-30
0012018-03-01ARNE STEGVIK2019-07-23

Financial Data on PERSSON INNOVATION INC. 401K PLAN

Measure Date Value
2025 : PERSSON INNOVATION INC. 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-21352947
Net assets as of the end of the plan year2025-07-2167717
Total assets as of the beginning of the plan year2025-07-21352795
Value of plan covered by a fidelity bond2025-07-2136000
Participant contributions to plan in this plan year2025-07-2115457
Other income to plan in this plan year2025-07-2141545
Plan net income in this plan year2025-07-21-285078
Net assets as of the end of the plan year2025-07-2167717
Net assets as of the beginning of the plan year2025-07-21352795
Employer contributions to plan in this plan year2025-07-2110867
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-21130
2024 : PERSSON INNOVATION INC. 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-190
Net assets as of the end of the plan year2024-06-19352795
Total assets as of the beginning of the plan year2024-06-19257677
Value of plan covered by a fidelity bond2024-06-1926000
Participant contributions to plan in this plan year2024-06-1923599
Other income to plan in this plan year2024-06-1954508
Plan net income in this plan year2024-06-1995118
Net assets as of the end of the plan year2024-06-19352795
Net assets as of the beginning of the plan year2024-06-19257677
Employer contributions to plan in this plan year2024-06-1917011

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