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FAMILY LEISURE RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameFAMILY LEISURE RETIREMENT SAVINGS PLAN
Plan identification number 001

FAMILY LEISURE RETIREMENT SAVINGS 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

WATSON'S OF OKLAHOMA CITY INC. DBA FAMILY LEISURE has sponsored the creation of one or more 401k plans.

Company Name:WATSON'S OF OKLAHOMA CITY INC. DBA FAMILY LEISURE
Employer identification number (EIN):205284588
NAIC Classification:442110
NAIC Description:Furniture Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAMILY LEISURE RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01PHILIP J NOVAK, JR2024-10-15
0012022-01-01PHILIP J NOVAK, JR2023-10-10
0012021-01-01PHILIP J NOVAK, JR2022-10-03
0012021-01-01PHILIP J NOVAK, JR2022-10-03
0012020-01-01PHILIP J NOVAK, JR2021-10-11
0012019-01-01PHILIP NOVAK2020-09-30
0012018-01-01PHILIP NOVAK2019-10-04
0012017-01-01PHILIP NOVAK2018-10-12

Plan Statistics for FAMILY LEISURE RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for FAMILY LEISURE RETIREMENT SAVINGS PLAN

Measure Date Value
2025: FAMILY LEISURE RETIREMENT SAVINGS PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-1216
Total number of particpants at end of year2025-09-1219
Number of Participants With Account Balances2025-09-125
Total number of particpants at beginning of year2025-08-135
Total number of particpants at end of year2025-08-135
Number of Participants With Account Balances2025-08-135
2022: FAMILY LEISURE RETIREMENT SAVINGS PLAN 2022 401k membership
Total number of particpants at beginning of year2022-10-0316
Total number of particpants at end of year2022-10-0313
Number of Participants With Account Balances2022-10-034

Financial Data on FAMILY LEISURE RETIREMENT SAVINGS PLAN

Measure Date Value
2025 : FAMILY LEISURE RETIREMENT SAVINGS PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-09-120
Total liabilities as of the end of the plan year2025-09-122639
Total liabilities as of the beginning of the plan year2025-09-122540
Total expenses incurred by plan in this plan year2025-09-12681
Net assets as of the end of the plan year2025-09-12159117
Total assets as of the beginning of the plan year2025-09-12129408
Value of plan covered by a fidelity bond2025-09-1220000
Participant contributions to plan in this plan year2025-09-126914
Other expenses paid from plan in this plan year2025-09-120
Other contributions to plan in this plan year2025-09-120
Other income to plan in this plan year2025-09-1216479
Plan net income in this plan year2025-09-1229610
Net assets as of the end of the plan year2025-09-12156478
Net assets as of the beginning of the plan year2025-09-12126868
Value of contributions failed to transmitted timely2025-09-128007
Employer contributions to plan in this plan year2025-09-126898
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-12681
Total transfers to/from plan in this plan year2025-08-130
Total liabilities as of the end of the plan year2025-08-132540
Total liabilities as of the beginning of the plan year2025-08-132399
Total expenses incurred by plan in this plan year2025-08-1352925
Net assets as of the end of the plan year2025-08-13129408
Total assets as of the beginning of the plan year2025-08-13142028
Value of plan covered by a fidelity bond2025-08-1320000
Participant contributions to plan in this plan year2025-08-138247
Other expenses paid from plan in this plan year2025-08-130
Other contributions to plan in this plan year2025-08-130
Other income to plan in this plan year2025-08-1323670
Plan net income in this plan year2025-08-13-12761
Net assets as of the end of the plan year2025-08-13126868
Net assets as of the beginning of the plan year2025-08-13139629
Value of contributions failed to transmitted timely2025-08-131093
Employer contributions to plan in this plan year2025-08-138247
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-13375
2022 : FAMILY LEISURE RETIREMENT SAVINGS PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-030
Total liabilities as of the end of the plan year2022-10-032382
Total liabilities as of the beginning of the plan year2022-10-030
Total expenses incurred by plan in this plan year2022-10-0312494
Net assets as of the end of the plan year2022-10-03155243
Total assets as of the beginning of the plan year2022-10-03131175
Value of plan covered by a fidelity bond2022-10-0320000
Participant contributions to plan in this plan year2022-10-037909
Other expenses paid from plan in this plan year2022-10-032382
Other contributions to plan in this plan year2022-10-030
Other income to plan in this plan year2022-10-0318362
Plan net income in this plan year2022-10-0321686
Net assets as of the end of the plan year2022-10-03152861
Net assets as of the beginning of the plan year2022-10-03131175
Employer contributions to plan in this plan year2022-10-037909
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-03215

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