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WORLD EQUITY GROUP, INC. 401(K) PLAN 401k Plan overview

Plan NameWORLD EQUITY GROUP, INC. 401(K) PLAN
Plan identification number 001

WORLD EQUITY GROUP, INC. 401(K) 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WORLD EQUITY GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:WORLD EQUITY GROUP, INC.
Employer identification number (EIN):363797444
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WORLD EQUITY GROUP, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01STEVE DUDAS2024-10-09
0012022-01-01
0012021-01-01CRAIG GOULD2022-10-17
0012020-01-01RICH BABJAK2021-04-05
0012019-01-01RICHARD BABJAK2020-05-07 RICHARD BABJAK2020-05-07
0012018-01-01RICH BABJAK2019-06-27 RICH BABJAK2019-06-27
0012017-01-01RICHARD BABJAK2018-07-31 RICHARD BABJAK2018-07-31
0012016-01-01RICHARD BABJAK2017-06-15 RICHARD BABJAK2017-06-15
0012015-01-01RICHARD BABJAK2016-04-13 RICHARD BABJAK2016-04-13
0012014-01-01RICH BABJAK2015-03-12 RICH BABJAK2015-03-12
0012013-01-01RICHARD BABJAK2014-07-24 RICHARD BABJAK2014-07-24
0012012-01-01RICHARD BABJAL2013-07-22 RICHARD BABJAL2013-07-22
0012011-01-01RICHARD BABJAK2012-05-02 RICHARD BABJAK2012-05-02
0012010-01-01RICHARD BABJAK2011-05-23 RICHARD BABJAK2011-05-23

Financial Data on WORLD EQUITY GROUP, INC. 401(K) PLAN

Measure Date Value
2025 : WORLD EQUITY GROUP, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-11-20-2196957
Total expenses incurred by plan in this plan year2025-11-2066194
Net assets as of the end of the plan year2025-11-200
Total assets as of the beginning of the plan year2025-11-202172798
Value of plan covered by a fidelity bond2025-11-201000000
Value of participant loans at end of plan year2025-11-200
Other income to plan in this plan year2025-11-2013799
Plan net income in this plan year2025-11-2024159
Net assets as of the end of the plan year2025-11-200
Net assets as of the beginning of the plan year2025-11-202172798
Employer contributions to plan in this plan year2025-11-2076554
Expensese paid to adminstrative service provicers from plan in this plan year2025-11-203500
Total liabilities as of the beginning of the plan year2025-07-140
Total expenses incurred by plan in this plan year2025-07-141343129
Net assets as of the end of the plan year2025-07-142172798
Total assets as of the beginning of the plan year2025-07-142745437
Participant contributions to plan in this plan year2025-07-14255389
Value of participant loans at end of plan year2025-07-14133375
Other income to plan in this plan year2025-07-14452294
Plan net income in this plan year2025-07-14-572639
Net assets as of the end of the plan year2025-07-142172798
Net assets as of the beginning of the plan year2025-07-142745437
Employer contributions to plan in this plan year2025-07-1462807
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-141048
2024 : WORLD EQUITY GROUP, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-090
Total liabilities as of the end of the plan year2024-10-090
Total liabilities as of the beginning of the plan year2024-10-090
Total expenses incurred by plan in this plan year2024-10-092240575
Net assets as of the end of the plan year2024-10-092745437
Total assets as of the beginning of the plan year2024-10-094179097
Value of plan covered by a fidelity bond2024-10-09500000
Participant contributions to plan in this plan year2024-10-09206173
Value of participant loans at end of plan year2024-10-0974468
Other expenses paid from plan in this plan year2024-10-090
Other contributions to plan in this plan year2024-10-0918793
Other income to plan in this plan year2024-10-09581949
Plan net income in this plan year2024-10-09-1433660
Net assets as of the end of the plan year2024-10-092745437
Net assets as of the beginning of the plan year2024-10-094179097
Employer contributions to plan in this plan year2024-10-090
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-092527

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