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DREAMIT 401k Plan overview

Plan NameDREAMIT
Plan identification number 001

DREAMIT 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

DREAMIT INC. has sponsored the creation of one or more 401k plans.

Company Name:DREAMIT INC.
Employer identification number (EIN):320413133
NAIC Classification:523900

Additional information about DREAMIT INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 2013-07-24
Company Identification Number: 0767272
Legal Registered Office Address: 1901 S MAIN ST STE 4D

BLACKSBURG
United States of America (USA)
24060

More information about DREAMIT INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DREAMIT

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01

Plan Statistics for DREAMIT

401k plan membership statisitcs for DREAMIT

Measure Date Value
2025: DREAMIT 2025 401k membership
Total number of particpants at beginning of year2025-10-083
Total number of particpants at end of year2025-10-083
Number of Participants With Account Balances2025-10-083
2024: DREAMIT 2024 401k membership
Total number of particpants at beginning of year2024-09-123
Total number of particpants at end of year2024-09-123
Number of Participants With Account Balances2024-09-123

Financial Data on DREAMIT

Measure Date Value
2025 : DREAMIT 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-080
Total expenses incurred by plan in this plan year2025-10-081458
Net assets as of the end of the plan year2025-10-08743662
Total assets as of the beginning of the plan year2025-10-08591938
Value of plan covered by a fidelity bond2025-10-0860000
Participant contributions to plan in this plan year2025-10-0840312
Other expenses paid from plan in this plan year2025-10-080
Other contributions to plan in this plan year2025-10-080
Other income to plan in this plan year2025-10-08109162
Plan net income in this plan year2025-10-08151724
Net assets as of the end of the plan year2025-10-08743662
Net assets as of the beginning of the plan year2025-10-08591938
Employer contributions to plan in this plan year2025-10-083708
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-081458
2024 : DREAMIT 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-120
Total liabilities as of the beginning of the plan year2024-09-120
Total expenses incurred by plan in this plan year2024-09-120
Net assets as of the end of the plan year2024-09-12591938
Total assets as of the beginning of the plan year2024-09-12453897
Value of plan covered by a fidelity bond2024-09-1260000
Participant contributions to plan in this plan year2024-09-1238891
Other expenses paid from plan in this plan year2024-09-120
Other contributions to plan in this plan year2024-09-120
Other income to plan in this plan year2024-09-1295480
Plan net income in this plan year2024-09-12138041
Net assets as of the end of the plan year2024-09-12591938
Net assets as of the beginning of the plan year2024-09-12453897
Employer contributions to plan in this plan year2024-09-123670
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-120

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