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NICHOLAS WEALTH MANAGEMENT 401(K) PLAN & TRUST 401k Plan overview

Plan NameNICHOLAS WEALTH MANAGEMENT 401(K) PLAN & TRUST
Plan identification number 001

NICHOLAS WEALTH MANAGEMENT 401(K) PLAN & TRUST 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NICHOLAS & COMPANY INC. DBA NICHOLAS WEALTH MANAGEMENT has sponsored the creation of one or more 401k plans.

Company Name:NICHOLAS & COMPANY INC. DBA NICHOLAS WEALTH MANAGEMENT
Employer identification number (EIN):263171031
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NICHOLAS WEALTH MANAGEMENT 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DAVID NICHOLAS2024-10-14
0012022-01-01DAVID NICHOLAS2023-10-12
0012021-01-01DAVID NICHOLAS2022-07-29
0012020-01-01DAVID NICHOLAS2021-10-08
0012019-01-01DAVID NICHOLAS2020-10-12

Plan Statistics for NICHOLAS WEALTH MANAGEMENT 401(K) PLAN & TRUST

401k plan membership statisitcs for NICHOLAS WEALTH MANAGEMENT 401(K) PLAN & TRUST

Measure Date Value
2025: NICHOLAS WEALTH MANAGEMENT 401(K) PLAN & TRUST 2025 401k membership
Total number of particpants at beginning of year2025-10-1515
Total number of particpants at end of year2025-10-1518
Number of Participants With Account Balances2025-10-1518
2024: NICHOLAS WEALTH MANAGEMENT 401(K) PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year2024-10-1412
Total number of particpants at end of year2024-10-1413
Number of Participants With Account Balances2024-10-1413

Financial Data on NICHOLAS WEALTH MANAGEMENT 401(K) PLAN & TRUST

Measure Date Value
2025 : NICHOLAS WEALTH MANAGEMENT 401(K) PLAN & TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-150
Total liabilities as of the end of the plan year2025-10-150
Total liabilities as of the beginning of the plan year2025-10-150
Total expenses incurred by plan in this plan year2025-10-15838
Net assets as of the end of the plan year2025-10-15667064
Total assets as of the beginning of the plan year2025-10-15368838
Value of plan covered by a fidelity bond2025-10-151000000
Participant contributions to plan in this plan year2025-10-15150154
Other expenses paid from plan in this plan year2025-10-150
Other contributions to plan in this plan year2025-10-150
Other income to plan in this plan year2025-10-15114515
Plan net income in this plan year2025-10-15298226
Net assets as of the end of the plan year2025-10-15667064
Net assets as of the beginning of the plan year2025-10-15368838
Employer contributions to plan in this plan year2025-10-1534395
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-15838
2024 : NICHOLAS WEALTH MANAGEMENT 401(K) PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-140
Total liabilities as of the end of the plan year2024-10-140
Total liabilities as of the beginning of the plan year2024-10-140
Total expenses incurred by plan in this plan year2024-10-14575
Net assets as of the end of the plan year2024-10-14368838
Total assets as of the beginning of the plan year2024-10-14158515
Value of plan covered by a fidelity bond2024-10-1420000
Participant contributions to plan in this plan year2024-10-14106748
Other expenses paid from plan in this plan year2024-10-140
Other contributions to plan in this plan year2024-10-140
Other income to plan in this plan year2024-10-1464405
Plan net income in this plan year2024-10-14210323
Net assets as of the end of the plan year2024-10-14368838
Net assets as of the beginning of the plan year2024-10-14158515
Employer contributions to plan in this plan year2024-10-1439745
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-14575

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