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PRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN 401k Plan overview

Plan NamePRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN
Plan identification number 001

PRESTIGE SALES & MARKETING INC. PROFIT SHARING 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

PRESTIGE SALES & MARKETING INC. has sponsored the creation of one or more 401k plans.

Company Name:PRESTIGE SALES & MARKETING INC.
Employer identification number (EIN):270867650
NAIC Classification:541800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DAVID HIRSCH2024-07-16
0012022-01-01DAVID HIRSCH2023-09-26
0012021-01-01DAVID HIRSCH2022-08-23
0012020-01-01DAVID HIRSCH2021-09-30
0012019-01-01DAVID HIRSCH2020-09-25
0012018-01-01DAVID HIRSCH2019-10-23
0012017-01-01DAVID HIRSCH2018-10-15

Plan Statistics for PRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN

401k plan membership statisitcs for PRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN

Measure Date Value
2025: PRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-258
Total number of particpants at end of year2025-07-258
Number of Participants With Account Balances2025-07-254
2024: PRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-166
Total number of particpants at end of year2024-07-167
Number of Participants With Account Balances2024-07-164
2022: PRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-08-237
Total number of particpants at end of year2022-08-237
Number of Participants With Account Balances2022-08-234

Financial Data on PRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN

Measure Date Value
2025 : PRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-07-250
Total expenses incurred by plan in this plan year2025-07-255118
Net assets as of the end of the plan year2025-07-25304191
Total assets as of the beginning of the plan year2025-07-25244624
Participant contributions to plan in this plan year2025-07-2523000
Other income to plan in this plan year2025-07-2535205
Plan net income in this plan year2025-07-2559567
Net assets as of the end of the plan year2025-07-25304191
Net assets as of the beginning of the plan year2025-07-25244624
Employer contributions to plan in this plan year2025-07-256480
Fees paid to broker by Benefit Provider2025-07-251406
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-255118
2024 : PRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-160
Total liabilities as of the end of the plan year2024-07-160
Total liabilities as of the beginning of the plan year2024-07-160
Total expenses incurred by plan in this plan year2024-07-164461
Net assets as of the end of the plan year2024-07-16244624
Total assets as of the beginning of the plan year2024-07-16179789
Participant contributions to plan in this plan year2024-07-1622500
Other expenses paid from plan in this plan year2024-07-160
Other contributions to plan in this plan year2024-07-160
Other income to plan in this plan year2024-07-1636396
Plan net income in this plan year2024-07-1664835
Net assets as of the end of the plan year2024-07-16244624
Net assets as of the beginning of the plan year2024-07-16179789
Employer contributions to plan in this plan year2024-07-1610400
Fees paid to broker by Benefit Provider2024-07-161061
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-164461
2022 : PRESTIGE SALES & MARKETING INC. PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-08-233448
Net assets as of the end of the plan year2022-08-23186077
Total assets as of the beginning of the plan year2022-08-23127391
Participant contributions to plan in this plan year2022-08-2319500
Other contributions to plan in this plan year2022-08-230
Other income to plan in this plan year2022-08-2332490
Plan net income in this plan year2022-08-2358686
Net assets as of the end of the plan year2022-08-23186077
Net assets as of the beginning of the plan year2022-08-23127391
Employer contributions to plan in this plan year2022-08-2310144
Fees paid to broker by Benefit Provider2022-08-23826
Expensese paid to adminstrative service provicers from plan in this plan year2022-08-233448

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