401k Plan data: T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN plan

T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 401k Plan overview

Plan Name	T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN
Plan identification number	002

T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name: T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC.

Employer identification number (EIN): 232828922

NAIC Classification: 621112
NAIC Description: Offices of Physicians, Mental Health Specialists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-09-01

Plan Statistics for T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN

401k plan membership statisitcs for T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN

Measure Date Value
2022: T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 352
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 259
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 43
Total of all active and inactive participants 2022-01-01 302
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 302
Number of participants with account balances 2022-01-01 267
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 27
2021: T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 335
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 257
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 32
Total of all active and inactive participants 2021-01-01 289
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 289
Number of participants with account balances 2021-01-01 256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 41
2020: T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-09-01 329
Total number of active participants reported on line 7a of the Form 5500 2020-09-01 302
Number of retired or separated participants receiving benefits 2020-09-01 0
Number of other retired or separated participants entitled to future benefits 2020-09-01 14
Total of all active and inactive participants 2020-09-01 316
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-09-01 0
Total participants 2020-09-01 316
Number of participants with account balances 2020-09-01 286
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-09-01 2

Measure	Date	Value
2022: T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	352
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	259
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	43
Total of all active and inactive participants	2022-01-01	302
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	302
Number of participants with account balances	2022-01-01	267
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	27
2021: T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	335
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	257
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	32
Total of all active and inactive participants	2021-01-01	289
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	289
Number of participants with account balances	2021-01-01	256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	41
2020: T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-09-01	329
Total number of active participants reported on line 7a of the Form 5500	2020-09-01	302
Number of retired or separated participants receiving benefits	2020-09-01	0
Number of other retired or separated participants entitled to future benefits	2020-09-01	14
Total of all active and inactive participants	2020-09-01	316
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-09-01	0
Total participants	2020-09-01	316
Number of participants with account balances	2020-09-01	286
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-09-01	2

Financial Data on T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN

Measure	Date	Value
2022 : T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$581,330
Total of all expenses incurred	2022-12-31	$159,986
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$139,950
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$765,134
Value of total assets at end of year	2022-12-31	$1,398,536
Value of total assets at beginning of year	2022-12-31	$977,192
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$20,036
Total interest from all sources	2022-12-31	$14
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$31,112
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$31,112
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$100,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$633,173
Participant contributions at end of year	2022-12-31	$23,468
Participant contributions at beginning of year	2022-12-31	$15,967
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$44,739
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	$421,344
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$1,398,536
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$977,192
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
Investment advisory and management fees	2022-12-31	$9,734
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$1,285,347
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$874,543
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$2,640
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$2,242
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$2,242
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$14
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-214,930
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	$87,222
Employer contributions (assets) at end of year	2022-12-31	$87,081
Employer contributions (assets) at beginning of year	2022-12-31	$84,440
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$139,950
Contract administrator fees	2022-12-31	$10,302
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
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	SIMON LEVER LLC
Accountancy firm EIN	2022-12-31	231692578
2021 : T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$776,973
Total of all expenses incurred	2021-12-31	$73,447
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$62,734
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$677,774
Value of total assets at end of year	2021-12-31	$977,192
Value of total assets at beginning of year	2021-12-31	$273,666
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$10,713
Total interest from all sources	2021-12-31	$1
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$36,432
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$36,432
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$100,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$591,889
Participant contributions at end of year	2021-12-31	$15,967
Participant contributions at beginning of year	2021-12-31	$28,329
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$1,445
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	$703,526
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$977,192
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$273,666
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
Investment advisory and management fees	2021-12-31	$4,725
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$874,543
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$215,114
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$2,242
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$186
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$186
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$62,766
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	$84,440
Employer contributions (assets) at end of year	2021-12-31	$84,440
Employer contributions (assets) at beginning of year	2021-12-31	$30,037
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$62,734
Contract administrator fees	2021-12-31	$5,988
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	SIMON LEVER LLC
Accountancy firm EIN	2021-12-31	231692578
2020 : T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)	2020-12-31	$273,957
Total of all expenses incurred	2020-12-31	$291
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$42
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$264,237
Value of total assets at end of year	2020-12-31	$273,666
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$249
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$2,816
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$2,816
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$100,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$234,200
Participant contributions at end of year	2020-12-31	$28,329
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$273,666
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$273,666
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$215,114
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$186
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$6,904
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$30,037
Employer contributions (assets) at end of year	2020-12-31	$30,037
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$42
Contract administrator fees	2020-12-31	$249
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Qualified
Accountancy firm name	2020-12-31	HOSTETTER & HOSTETTER
Accountancy firm EIN	2020-12-31	201861481

Form 5500 Responses for T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN

2022: T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC. 401(K) PLAN 2020 form 5500 responses
2020-09-01	Type of plan entity	Single employer plan
2020-09-01	First time form 5500 has been submitted	Yes
2020-09-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2020-09-01	Plan funding arrangement – Trust	Yes
2020-09-01	Plan benefit arrangement - Trust	Yes

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Company Name:	T.W. PONESSA & ASSOCIATES COUNSELING SERVICES, INC.
Employer identification number (EIN):	232828922
NAIC Classification:	621112
NAIC Description:	Offices of Physicians, Mental Health Specialists