401k Plan data: WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN plan

WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN 401k Plan overview

Plan Name	WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN
Plan identification number	002

WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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.

401k Sponsoring company profile

WALBORSKY & BRADLEY, PLLC has sponsored the creation of one or more 401k plans.

Company Name: WALBORSKY & BRADLEY, PLLC

Employer identification number (EIN): 464304553

NAIC Classification: 541110
NAIC Description: Offices of Lawyers

Additional information about WALBORSKY & BRADLEY, PLLC

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 2013-12-12

Company Identification Number: L13000172316

Legal Registered Office Address: 438 EAST GOVERNMENT STREET

PENSACOLA

32502

More information about WALBORSKY & BRADLEY, PLLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01 ROY KINSEY 2021-05-05
002 2019-01-01 ROY KINSEY 2020-07-08
002 2018-01-01 ROY KINSEY 2019-07-11
002 2017-01-01 ROY KINSEY 2018-06-12
002 2016-01-01 ROY KINSEY 2017-07-25

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-01-01
002	2021-01-01
002	2020-01-01	ROY KINSEY	2021-05-05
002	2019-01-01	ROY KINSEY	2020-07-08
002	2018-01-01	ROY KINSEY	2019-07-11
002	2017-01-01	ROY KINSEY	2018-06-12
002	2016-01-01	ROY KINSEY	2017-07-25

Plan Statistics for WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN

401k plan membership statisitcs for WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN

Measure Date Value
2022: WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 30
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 24
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 6
Total of all active and inactive participants 2022-01-01 30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 30
Number of participants with account balances 2022-01-01 27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1
2021: WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 22
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 8
Total of all active and inactive participants 2021-01-01 30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 30
Number of participants with account balances 2021-01-01 29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 1

Measure	Date	Value
2022: WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	30
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	24
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	6
Total of all active and inactive participants	2022-01-01	30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	30
Number of participants with account balances	2022-01-01	27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1
2021: WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	22
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	8
Total of all active and inactive participants	2021-01-01	30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	30
Number of participants with account balances	2021-01-01	29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	1

Financial Data on WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN

Measure	Date	Value
2022 : WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-1,499,192
Expenses. Total of all expenses incurred	2022-12-31	$1,457,181
Benefits paid (including direct rollovers)	2022-12-31	$1,427,481
Total plan assets at end of year	2022-12-31	$8,422,726
Total plan assets at beginning of year	2022-12-31	$11,379,099
Value of fidelity bond covering the plan	2022-12-31	$500,000
Total contributions received or receivable from participants	2022-12-31	$136,488
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-1,962,054
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-2,956,373
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$8,422,726
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$11,379,099
Assets. Value of participant loans	2022-12-31	$18,986
Total contributions received or receivable from employer(s)	2022-12-31	$326,374
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$6,320
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$23,380
2021 : WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$32,411
Total income from all sources	2021-12-31	$1,828,496
Expenses. Total of all expenses incurred	2021-12-31	$582,026
Benefits paid (including direct rollovers)	2021-12-31	$555,262
Total plan assets at end of year	2021-12-31	$11,379,099
Total plan assets at beginning of year	2021-12-31	$10,165,040
Value of fidelity bond covering the plan	2021-12-31	$500,000
Total contributions received or receivable from participants	2021-12-31	$124,530
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$1,354,662
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$1,246,470
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$11,379,099
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$10,132,629
Total contributions received or receivable from employer(s)	2021-12-31	$349,304
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$26,764

Form 5500 Responses for WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN

2022: WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: WALBORSKY & BRADLEY, PLLC PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

NORTHWESTERN MUTUAL (National Association of Insurance Commissioners NAIC id number: 67091 )

Policy contract number

28319

Policy instance

Insurance contract or identification number	28319
Number of Individuals Covered	11
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $154
Total amount of fees paid to insurance company	USD $44
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $154
Amount paid for insurance broker fees	39
Additional information about fees paid to insurance broker	OTHER COMPENSATION
Insurance broker organization code?	3

NORTHWESTERN MUTUAL (National Association of Insurance Commissioners NAIC id number: 67091 )

Policy contract number

28319

Policy instance

Insurance contract or identification number	28319
Number of Individuals Covered	0
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $334
Total amount of fees paid to insurance company	USD $90
Are there contracts with allocated funds for individual policies?	0
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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 Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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
Amount paid for insurance broker fees	5
Insurance broker organization code?	3
Commission paid to Insurance Broker	USD $334

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Company Name:	WALBORSKY & BRADLEY, PLLC
Employer identification number (EIN):	464304553
NAIC Classification:	541110
NAIC Description:	Offices of Lawyers

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	2013-12-12
Company Identification Number:	L13000172316
Legal Registered Office Address:	438 EAST GOVERNMENT STREET PENSACOLA 32502