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PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 401k Plan overview

Plan NamePRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN
Plan identification number 001

PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.

401k Sponsoring company profile

PRACHI'S FINANCIAL MART INC. has sponsored the creation of one or more 401k plans.

Company Name:PRACHI'S FINANCIAL MART INC.
Employer identification number (EIN):223512631
NAIC Classification:522298
NAIC Description:All Other Nondepository Credit Intermediation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01DEVENDRA MAKKAR2020-10-15 DEVENDRA MAKKAR2020-10-15
0012018-01-01DEVENDRA MAKKAR2020-07-15 DEVENDRA MAKKAR2020-07-15
0012017-01-01DEVENDRA MAKKAR
0012016-01-01DEVENDRA MAKKAR
0012015-01-01DEVENDRA MAKKAR
0012014-01-01DEVENDRA MAKKAR
0012013-01-01DEVENDRA MAKKAR
0012012-01-01DEVENDRA MAKKAR

Plan Statistics for PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN

401k plan membership statisitcs for PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN

Measure Date Value
2019: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-012
Total number of active participants reported on line 7a of the Form 55002019-01-012
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-012
Number of participants with account balances2019-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-012
Total number of active participants reported on line 7a of the Form 55002018-01-012
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-012
Number of participants with account balances2018-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-010
Total number of active participants reported on line 7a of the Form 55002017-01-012
Total of all active and inactive participants2017-01-012
Total participants2017-01-012
2016: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-010
Total number of active participants reported on line 7a of the Form 55002016-01-012
Total of all active and inactive participants2016-01-012
Total participants2016-01-012
2015: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-010
Total number of active participants reported on line 7a of the Form 55002015-01-012
Total of all active and inactive participants2015-01-012
Total participants2015-01-012
2014: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-013
Total number of active participants reported on line 7a of the Form 55002014-01-012
Total of all active and inactive participants2014-01-012
Total participants2014-01-012
2013: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-012
Total number of active participants reported on line 7a of the Form 55002013-01-012
Total of all active and inactive participants2013-01-012
Total participants2013-01-012
2012: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-012
Total number of active participants reported on line 7a of the Form 55002012-01-012
Total of all active and inactive participants2012-01-012
Total participants2012-01-012

Financial Data on PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN

Measure Date Value
2019 : PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$30,614
Expenses. Total of all expenses incurred2019-12-31$0
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$288,205
Total plan assets at beginning of year2019-12-31$257,591
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$30,614
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$30,614
Net plan assets at end of year (total assets less liabilities)2019-12-31$288,205
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$257,591
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0
2018 : PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-2,765
Expenses. Total of all expenses incurred2018-12-31$0
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$257,591
Total plan assets at beginning of year2018-12-31$260,356
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-14,765
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-2,765
Net plan assets at end of year (total assets less liabilities)2018-12-31$257,591
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$260,356
Total contributions received or receivable from employer(s)2018-12-31$12,000
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
2017 : PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$45,837
Total plan assets at end of year2017-12-31$260,356
Total plan assets at beginning of year2017-12-31$214,519
Other income received2017-12-31$35,837
Net income (gross income less expenses)2017-12-31$45,837
Net plan assets at end of year (total assets less liabilities)2017-12-31$260,356
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$214,519
Total contributions received or receivable from employer(s)2017-12-31$10,000
2016 : PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$48,782
Total plan assets at end of year2016-12-31$214,519
Total plan assets at beginning of year2016-12-31$165,737
Other income received2016-12-31$42,782
Net income (gross income less expenses)2016-12-31$48,782
Net plan assets at end of year (total assets less liabilities)2016-12-31$214,519
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$165,737
Total contributions received or receivable from employer(s)2016-12-31$6,000
2015 : PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$4,931
Total plan assets at end of year2015-12-31$165,737
Total plan assets at beginning of year2015-12-31$160,806
Other income received2015-12-31$-1,069
Net income (gross income less expenses)2015-12-31$4,931
Net plan assets at end of year (total assets less liabilities)2015-12-31$165,737
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$160,806
Total contributions received or receivable from employer(s)2015-12-31$6,000
2014 : PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$55,532
Expenses. Total of all expenses incurred2014-12-31$94,296
Benefits paid (including direct rollovers)2014-12-31$94,296
Total plan assets at end of year2014-12-31$214,530
Total plan assets at beginning of year2014-12-31$253,294
Other income received2014-12-31$46,532
Net income (gross income less expenses)2014-12-31$-38,764
Net plan assets at end of year (total assets less liabilities)2014-12-31$214,530
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$253,294
Total contributions received or receivable from employer(s)2014-12-31$9,000
2013 : PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$63,430
Total plan assets at end of year2013-12-31$253,294
Total plan assets at beginning of year2013-12-31$189,864
Net income (gross income less expenses)2013-12-31$63,430
Net plan assets at end of year (total assets less liabilities)2013-12-31$253,294
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$189,864
Total contributions received or receivable from employer(s)2013-12-31$63,430
2012 : PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$12,314
Total plan assets at end of year2012-12-31$189,864
Total plan assets at beginning of year2012-12-31$177,550
Net income (gross income less expenses)2012-12-31$12,314
Net plan assets at end of year (total assets less liabilities)2012-12-31$189,864
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$177,550
Total contributions received or receivable from employer(s)2012-12-31$12,314

Form 5500 Responses for PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN

2019: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PRACHI'S FINANCIAL MART INC. DBA MONEY MART PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract numberPF)1Q88K
Policy instance 1
Insurance contract or identification numberPF)1Q88K
Number of Individuals Covered2
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?1
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract numberPFO1Q87K
Policy instance 2
Insurance contract or identification numberPFO1Q87K
Number of Individuals Covered2
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?1
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract numberPF1Q88K
Policy instance 1
Insurance contract or identification numberPF1Q88K
Number of Individuals Covered2
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?1
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees0
Insurance broker organization code?3
PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract numberPF1Q88K
Policy instance 1
Insurance contract or identification numberPF1Q88K
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Are there contracts with allocated funds for individual policies?1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Insurance broker organization code?3
Insurance broker nameNONE
PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract numberPF1Q88K
Policy instance 1
Insurance contract or identification numberPF1Q88K
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Are there contracts with allocated funds for individual policies?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Insurance broker organization code?3
Insurance broker nameMARK STEVEN KRUMAN
PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract numberPF1Q88K
Policy instance 1
Insurance contract or identification numberPF1Q88K
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Are there contracts with allocated funds for individual policies?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Insurance broker organization code?3
Insurance broker nameMARK STEVEN KRUMAN
PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract numberPF1Q88K
Policy instance 1
Insurance contract or identification numberPF1Q88K
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Are there contracts with allocated funds for individual policies?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Insurance broker organization code?3
Insurance broker nameMARK STEVEN KRUMAN
PRUDENTIAL ANNUITIES SERVICE (National Association of Insurance Commissioners NAIC id number: 68241 )
Policy contract numberPF1Q88K
Policy instance 1
Insurance contract or identification numberPF1Q88K
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Are there contracts with allocated funds for individual policies?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Insurance broker organization code?3
Insurance broker nameMARK STEVEN KRUMAN

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