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ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN
Plan identification number 001

ALTUS WEALTH MANAGEMENT, LLC 401(K) 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
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan covering Self-Employed individuals.
  • 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

ALTUS WEALTH MANAGEMENT, LLC has sponsored the creation of one or more 401k plans.

Company Name:ALTUS WEALTH MANAGEMENT, LLC
Employer identification number (EIN):455029624
NAIC Classification:523110
NAIC Description:Investment Banking and Securities Dealing

Additional information about ALTUS WEALTH MANAGEMENT, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 3748566

More information about ALTUS WEALTH MANAGEMENT, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01CHARLES W MCMAKIN
0012013-01-01CHARLES W MCMAKIN
0012012-01-01CHARLES W MCMAKIN

Plan Statistics for ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2015: ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0111
Total number of active participants reported on line 7a of the Form 55002015-01-0110
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0111
Number of participants with account balances2015-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0111
Total number of active participants reported on line 7a of the Form 55002014-01-0110
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-011
Total of all active and inactive participants2014-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0111
Number of participants with account balances2014-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0111
Total number of active participants reported on line 7a of the Form 55002013-01-0111
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0111
Number of participants with account balances2013-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-016
Total number of active participants reported on line 7a of the Form 55002012-01-0111
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0111
Number of participants with account balances2012-01-0110

Financial Data on ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2015 : ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$248,331
Expenses. Total of all expenses incurred2015-12-31$3,090
Total plan assets at end of year2015-12-31$2,212,711
Total plan assets at beginning of year2015-12-31$1,967,470
Total contributions received or receivable from participants2015-12-31$131,205
Other income received2015-12-31$-22,220
Net income (gross income less expenses)2015-12-31$245,241
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,212,711
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,967,470
Assets. Value of participant loans2015-12-31$0
Assets. Value of real-estate (other than employer real property)2015-12-31$0
Total contributions received or receivable from employer(s)2015-12-31$139,346
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$3,090
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$320,338
Expenses. Total of all expenses incurred2014-12-31$2,207
Total plan assets at end of year2014-12-31$1,967,470
Total plan assets at beginning of year2014-12-31$1,649,339
Total contributions received or receivable from participants2014-12-31$121,505
Other income received2014-12-31$58,065
Net income (gross income less expenses)2014-12-31$318,131
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,967,470
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,649,339
Assets. Value of participant loans2014-12-31$3,654
Assets. Value of real-estate (other than employer real property)2014-12-31$115,000
Total contributions received or receivable from employer(s)2014-12-31$140,768
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$2,207
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$520,618
Expenses. Total of all expenses incurred2013-12-31$26,084
Benefits paid (including direct rollovers)2013-12-31$5,813
Total plan assets at end of year2013-12-31$1,649,339
Total plan assets at beginning of year2013-12-31$1,154,805
Total contributions received or receivable from participants2013-12-31$101,946
Other income received2013-12-31$284,621
Net income (gross income less expenses)2013-12-31$494,534
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,649,339
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,154,805
Assets. Value of participant loans2013-12-31$10,384
Assets. Value of real-estate (other than employer real property)2013-12-31$130,000
Total contributions received or receivable from employer(s)2013-12-31$134,051
Value of corrective distributions2013-12-31$18,000
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$2,271
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$361,317
Expenses. Total of all expenses incurred2012-12-31$8,528
Total plan assets at end of year2012-12-31$1,154,805
Total plan assets at beginning of year2012-12-31$802,016
Total contributions received or receivable from participants2012-12-31$77,381
Contributions received from other sources (not participants or employers)2012-12-31$121,386
Other income received2012-12-31$131,773
Net income (gross income less expenses)2012-12-31$352,789
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,154,805
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$802,016
Assets. Value of participant loans2012-12-31$16,554
Assets. Value of real-estate (other than employer real property)2012-12-31$110,000
Total contributions received or receivable from employer(s)2012-12-31$30,777
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$8,528

Form 5500 Responses for ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

2015: ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: ALTUS WEALTH MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberP03403
Policy instance 1
Insurance contract or identification numberP03403
Number of Individuals Covered1
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $195
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $117
Insurance broker organization code?3
Insurance broker nameKAY DEMPSEY & ASSOCIATES INC

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