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NEW PROFIT, INC. 401(K) PLAN & TRUST 401k Plan overview

Plan NameNEW PROFIT, INC. 401(K) PLAN & TRUST
Plan identification number 001

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

Company Name:NEW PROFIT, INC.
Employer identification number (EIN):043396766
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01IAN MAGEE2024-06-04
0012022-01-01IAN MAGEE2023-05-23
0012021-01-01IAN MAGEE2022-06-16 IAN MAGEE2022-06-16
0012020-01-01IAN MAGEE2021-06-07
0012019-01-01IAN MAGEE2020-06-18
0012019-01-01IAN MAGEE2021-06-07 IAN MAGEE2021-06-07
0012018-01-01IAN MAGEE2019-04-18
0012017-01-01IAN MAGEE2018-05-18 IAN MAGEE2018-05-18
0012016-01-01IAN MAGEE2017-05-25 IAN MAGEE2017-05-25
0012015-01-01VANESSA KIRSCH2016-07-29
0012014-01-01VANESSA KIRSCH2015-07-29
0012013-01-01VANESSA KIRSCH2014-07-31 VANESSA KIRSCH2014-07-31
0012012-01-01VANESSA KIRSCH2013-07-18
0012011-01-01AIDA VOLPONE2012-07-30
0012010-01-01AIDA VOLPONE
0012009-01-01VANESSA KIRSCH

Financial Data on NEW PROFIT, INC. 401(K) PLAN & TRUST

Measure Date Value
2025 : NEW PROFIT, INC. 401(K) PLAN & TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-17656087
Net assets as of the end of the plan year2025-04-1717342630
Total assets as of the beginning of the plan year2025-04-1713887014
Value of plan covered by a fidelity bond2025-04-17500000
Participant contributions to plan in this plan year2025-04-171154581
Value of participant loans at end of plan year2025-04-1761347
Other contributions to plan in this plan year2025-04-1763965
Other income to plan in this plan year2025-04-172610072
Plan net income in this plan year2025-04-173455616
Net assets as of the end of the plan year2025-04-1717342630
Net assets as of the beginning of the plan year2025-04-1713887014
Employer contributions to plan in this plan year2025-04-17283085
Fees paid to broker by Benefit Provider2025-04-1739170
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-17875
2024 : NEW PROFIT, INC. 401(K) PLAN & TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-05247917
Net assets as of the end of the plan year2024-06-0513887014
Total assets as of the beginning of the plan year2024-06-0510328917
Value of plan covered by a fidelity bond2024-06-05500000
Participant contributions to plan in this plan year2024-06-051038454
Value of participant loans at end of plan year2024-06-0547073
Other contributions to plan in this plan year2024-06-05129059
Other income to plan in this plan year2024-06-052399267
Plan net income in this plan year2024-06-053558097
Net assets as of the end of the plan year2024-06-0513887014
Net assets as of the beginning of the plan year2024-06-0510328917
Employer contributions to plan in this plan year2024-06-05239234
Fees paid to broker by Benefit Provider2024-06-0529529
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-05925
2022 : NEW PROFIT, INC. 401(K) PLAN & TRUST 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-170
Total expenses incurred by plan in this plan year2022-06-17172143
Net assets as of the end of the plan year2022-06-1713045588
Total assets as of the beginning of the plan year2022-06-1710522645
Value of plan covered by a fidelity bond2022-06-17500000
Participant contributions to plan in this plan year2022-06-17725435
Value of participant loans at end of plan year2022-06-1751340
Other contributions to plan in this plan year2022-06-1765901
Other income to plan in this plan year2022-06-171704698
Plan net income in this plan year2022-06-172522943
Net assets as of the end of the plan year2022-06-1713045588
Net assets as of the beginning of the plan year2022-06-1710522645
Employer contributions to plan in this plan year2022-06-17199052
Fees paid to broker by Benefit Provider2022-06-1724594
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-17300
2010 : NEW PROFIT, INC. 401(K) PLAN & TRUST 2010 401k financial data
Total income from all sources2010-12-31$476,159
Expenses. Total of all expenses incurred2010-12-31$43,231
Benefits paid (including direct rollovers)2010-12-31$43,031
Total plan assets at end of year2010-12-31$1,247,500
Total plan assets at beginning of year2010-12-31$814,572
Value of fidelity bond covering the plan2010-12-31$100,000
Total contributions received or receivable from participants2010-12-31$54,124
Contributions received from other sources (not participants or employers)2010-12-31$45,994
Other income received2010-12-31$171,237
Net income (gross income less expenses)2010-12-31$432,928
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,247,500
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$814,572
Total contributions received or receivable from employer(s)2010-12-31$204,804
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$200

Form 5500 Responses for NEW PROFIT, INC. 401(K) PLAN & TRUST

2010: NEW PROFIT, INC. 401(K) PLAN & TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: NEW PROFIT, INC. 401(K) PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHI478
Policy instance 1

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