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SALVATORE PRESTI PROFIT SHARING PLAN 401k Plan overview

Plan NameSALVATORE PRESTI PROFIT SHARING PLAN
Plan identification number 001

SALVATORE PRESTI PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Code section 414(k) arrangement - Benefits are based partly on the balance of the separate account of the participant (also include appropriate defined contribution pension feature codes).
  • Profit-sharing

401k Sponsoring company profile

SALVATORE PRESTI has sponsored the creation of one or more 401k plans.

Company Name:SALVATORE PRESTI
Employer identification number (EIN):061431741
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SALVATORE PRESTI PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012018-01-01
0012017-01-01
0012017-01-01
0012017-01-01
0012016-01-01SALVATORE PRESTI2017-10-13
0012015-01-01SALVATORE PRESTI2016-10-09
0012014-01-01SALVATORE PRESTI2015-10-15
0012013-01-01SALVATORE PRESTI2014-08-07
0012012-01-01AMANDA SARISKY2013-10-14
0012011-01-01AMANDA SARISKY2012-07-31
0012010-01-01AMANDA SARISKY2011-10-12

Plan Statistics for SALVATORE PRESTI PROFIT SHARING PLAN

401k plan membership statisitcs for SALVATORE PRESTI PROFIT SHARING PLAN

Measure Date Value
2025: SALVATORE PRESTI PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-05-083
Total number of particpants at end of year2025-05-082
Number of Participants With Account Balances2025-05-082
2024: SALVATORE PRESTI PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-033
Total number of particpants at end of year2024-05-033
Number of Participants With Account Balances2024-05-033

Financial Data on SALVATORE PRESTI PROFIT SHARING PLAN

Measure Date Value
2025 : SALVATORE PRESTI PROFIT SHARING PLAN 2025 401k financial data
Net assets as of the end of the plan year2025-05-0813645084
Total assets as of the beginning of the plan year2025-05-086599141
Other income to plan in this plan year2025-05-086965408
Plan net income in this plan year2025-05-087045943
Net assets as of the end of the plan year2025-05-0813645084
Net assets as of the beginning of the plan year2025-05-086599141
Employer contributions to plan in this plan year2025-05-0880535
2024 : SALVATORE PRESTI PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-0360
Net assets as of the end of the plan year2024-05-036599141
Total assets as of the beginning of the plan year2024-05-034396273
Other income to plan in this plan year2024-05-032123648
Plan net income in this plan year2024-05-032202868
Net assets as of the end of the plan year2024-05-036599141
Net assets as of the beginning of the plan year2024-05-034396273
Employer contributions to plan in this plan year2024-05-0379280

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