SCHEAR FINANCIAL SERVICES, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SCHEAR FINANCIAL SERVICES, LLC 401(K) PLAN
| Measure | Date | Value |
|---|
| 2025 : SCHEAR FINANCIAL SERVICES, LLC 401(K) PLAN 2025 401k financial data |
|---|
| Total liabilities as of the end of the plan year | 2025-07-01 | 3421 |
| Total liabilities as of the beginning of the plan year | 2025-07-01 | 2696 |
| Total expenses incurred by plan in this plan year | 2025-07-01 | 385357 |
| Net assets as of the end of the plan year | 2025-07-01 | 4120172 |
| Total assets as of the beginning of the plan year | 2025-07-01 | 3298030 |
| Value of plan covered by a fidelity bond | 2025-07-01 | 500000 |
| Participant contributions to plan in this plan year | 2025-07-01 | 396746 |
| Other contributions to plan in this plan year | 2025-07-01 | 63347 |
| Other income to plan in this plan year | 2025-07-01 | 550884 |
| Plan net income in this plan year | 2025-07-01 | 821417 |
| Net assets as of the end of the plan year | 2025-07-01 | 4116751 |
| Net assets as of the beginning of the plan year | 2025-07-01 | 3295334 |
| Employer contributions to plan in this plan year | 2025-07-01 | 195797 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-07-01 | 13700 |
| 2024 : SCHEAR FINANCIAL SERVICES, LLC 401(K) PLAN 2024 401k financial data |
|---|
| Total liabilities as of the end of the plan year | 2024-07-02 | 2696 |
| Total liabilities as of the beginning of the plan year | 2024-07-02 | 1875 |
| Total expenses incurred by plan in this plan year | 2024-07-02 | 633315 |
| Net assets as of the end of the plan year | 2024-07-02 | 3298030 |
| Total assets as of the beginning of the plan year | 2024-07-02 | 2645819 |
| Value of plan covered by a fidelity bond | 2024-07-02 | 500000 |
| Participant contributions to plan in this plan year | 2024-07-02 | 478273 |
| Other income to plan in this plan year | 2024-07-02 | 557947 |
| Plan net income in this plan year | 2024-07-02 | 651390 |
| Net assets as of the end of the plan year | 2024-07-02 | 3295334 |
| Net assets as of the beginning of the plan year | 2024-07-02 | 2643944 |
| Employer contributions to plan in this plan year | 2024-07-02 | 248485 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-07-02 | 12274 |
| 2022 : SCHEAR FINANCIAL SERVICES, LLC 401(K) PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $1,875 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $322,793 |
| Total loss/gain on sale of assets | 2022-12-31 | $-41,478 |
| Total of all expenses incurred | 2022-12-31 | $238,564 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $231,028 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $797,331 |
| Value of total assets at end of year | 2022-12-31 | $2,645,819 |
| Value of total assets at beginning of year | 2022-12-31 | $2,559,715 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $7,536 |
| Total interest from all sources | 2022-12-31 | $167 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $71,347 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $71,347 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $518,662 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $22,995 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $96 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $1,875 |
| Total non interest bearing cash at end of year | 2022-12-31 | $23,725 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $84,229 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $2,643,944 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $2,559,715 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $2,499,210 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $2,558,465 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $88,878 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $1,250 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $33,910 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $167 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-504,574 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $255,674 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $231,028 |
| Contract administrator fees | 2022-12-31 | $7,536 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | Yes |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Aggregate proceeds on sale of assets | 2022-12-31 | $-41,478 |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | BRIXEY & MEYER |
| Accountancy firm EIN | 2022-12-31 | 310132514 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $1,875 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $322,793 |
| Total loss/gain on sale of assets | 2022-01-01 | $-41,478 |
| Total of all expenses incurred | 2022-01-01 | $238,564 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $231,028 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $797,331 |
| Value of total assets at end of year | 2022-01-01 | $2,645,819 |
| Value of total assets at beginning of year | 2022-01-01 | $2,559,715 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $7,536 |
| Total interest from all sources | 2022-01-01 | $167 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $71,347 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $71,347 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $518,662 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $22,995 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-01-01 | $96 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-01-01 | $1,875 |
| Total non interest bearing cash at end of year | 2022-01-01 | $23,725 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $84,229 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $2,643,944 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $2,559,715 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $2,499,210 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $2,558,465 |
| Value of interest in common/collective trusts at end of year | 2022-01-01 | $88,878 |
| Value of interest in common/collective trusts at beginning of year | 2022-01-01 | $1,250 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-01-01 | $33,910 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-01-01 | $167 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-504,574 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $255,674 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $231,028 |
| Contract administrator fees | 2022-01-01 | $7,536 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-01-01 | Yes |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Aggregate proceeds on sale of assets | 2022-01-01 | $-41,478 |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | BRIXEY & MEYER |
| Accountancy firm EIN | 2022-01-01 | 310132514 |
| 2021 : SCHEAR FINANCIAL SERVICES, LLC 401(K) PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total income from all sources (including contributions) | 2021-12-31 | $1,107,757 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $114,097 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $112,672 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $792,576 |
| Value of total assets at end of year | 2021-12-31 | $2,559,715 |
| Value of total assets at beginning of year | 2021-12-31 | $1,566,055 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $1,425 |
| Total interest from all sources | 2021-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $498,642 |
| Participant contributions at end of year | 2021-12-31 | $0 |
| Participant contributions at beginning of year | 2021-12-31 | $6,612 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $50,828 |
| Administrative expenses (other) incurred | 2021-12-31 | $1,425 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $993,660 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $2,559,715 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $1,566,055 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $2,558,465 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $0 |
| Value of interest in pooled separate accounts at end of year | 2021-12-31 | $0 |
| Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $1,521,542 |
| Value of interest in common/collective trusts at end of year | 2021-12-31 | $1,250 |
| Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $35,565 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $315,179 |
| Net investment gain or loss from common/collective trusts | 2021-12-31 | $2 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $243,106 |
| Employer contributions (assets) at end of year | 2021-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2021-12-31 | $2,336 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $112,672 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2021-12-31 | Yes |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | BRIXEY & MEYER |
| Accountancy firm EIN | 2021-12-31 | 310132514 |
