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POVERNI SHEIKH GROUP, LLC 401K PLAN 401k Plan overview

Plan NamePOVERNI SHEIKH GROUP, LLC 401K PLAN
Plan identification number 001

POVERNI SHEIKH GROUP, LLC 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

POVERNI SHEIKH GROUP, LLC has sponsored the creation of one or more 401k plans.

Company Name:POVERNI SHEIKH GROUP, LLC
Employer identification number (EIN):472375601
NAIC Classification:531310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POVERNI SHEIKH GROUP, LLC 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MOHSIN RIZVI2024-09-24
0012022-01-01MOHSIN RIZVI2023-10-05

Plan Statistics for POVERNI SHEIKH GROUP, LLC 401K PLAN

401k plan membership statisitcs for POVERNI SHEIKH GROUP, LLC 401K PLAN

Measure Date Value
2025: POVERNI SHEIKH GROUP, LLC 401K PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-2818
Total number of particpants at end of year2025-04-2818
Number of Participants With Account Balances2025-04-2818
2024: POVERNI SHEIKH GROUP, LLC 401K PLAN 2024 401k membership
Total number of particpants at beginning of year2024-09-2422
Total number of particpants at end of year2024-09-2417
Number of Participants With Account Balances2024-09-2417

Financial Data on POVERNI SHEIKH GROUP, LLC 401K PLAN

Measure Date Value
2025 : POVERNI SHEIKH GROUP, LLC 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-28154603
Net assets as of the end of the plan year2025-04-28702326
Total assets as of the beginning of the plan year2025-04-28593487
Value of plan covered by a fidelity bond2025-04-2866678
Participant contributions to plan in this plan year2025-04-28137094
Value of participant loans at end of plan year2025-04-2872487
Other expenses paid from plan in this plan year2025-04-280
Other contributions to plan in this plan year2025-04-280
Other income to plan in this plan year2025-04-2880678
Plan net income in this plan year2025-04-28108839
Net assets as of the end of the plan year2025-04-28702326
Net assets as of the beginning of the plan year2025-04-28593487
Employer contributions to plan in this plan year2025-04-2845670
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-282376
2024 : POVERNI SHEIKH GROUP, LLC 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-24161658
Net assets as of the end of the plan year2024-09-24593487
Total assets as of the beginning of the plan year2024-09-24531539
Participant contributions to plan in this plan year2024-09-2499331
Value of participant loans at end of plan year2024-09-249218
Other income to plan in this plan year2024-09-2493027
Plan net income in this plan year2024-09-2461948
Net assets as of the end of the plan year2024-09-24593487
Net assets as of the beginning of the plan year2024-09-24531539
Employer contributions to plan in this plan year2024-09-2431248
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-243102

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