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FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 401k Plan overview

Plan NameFORBES ASSET MANAGEMENT INC. RETIREMENT PLAN
Plan identification number 001

FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FORBES ASSET MANAGEMENT INC. has sponsored the creation of one or more 401k plans.

Company Name:FORBES ASSET MANAGEMENT INC.
Employer identification number (EIN):472410550
NAIC Classification:541600

Additional information about FORBES ASSET MANAGEMENT INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2014-11-25
Company Identification Number: 4671513
Legal Registered Office Address: 36 Halesite Dr
Nassau
Sound Beach
United States of America (USA)
117892431

More information about FORBES ASSET MANAGEMENT INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01DAVID FORBES
0012023-01-01
0012023-01-01DAVID FORBES
0012022-01-01
0012022-01-01DAVID FORBES
0012021-01-01
0012021-01-01DAVID FORBES
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01DAVID C FORBES
0012016-01-01DAVID C FORBES
0012015-01-01DAVID C FORBES
0012014-11-25DAVID FORBES

Financial Data on FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN

Measure Date Value
2023 : FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2023 401k financial data
Total income from all sources2023-12-31$72,696
Expenses. Total of all expenses incurred2023-12-31$0
Total plan assets at end of year2023-12-31$142,933
Total plan assets at beginning of year2023-12-31$70,237
Value of fidelity bond covering the plan2023-12-31$30,000
Other income received2023-12-31$72,696
Net income (gross income less expenses)2023-12-31$72,696
Net plan assets at end of year (total assets less liabilities)2023-12-31$142,933
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$70,237
Assets. Value of employer securities2023-12-31$142,933
2022 : FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2022 401k financial data
Total income from all sources2022-12-31$-50,644
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$70,237
Total plan assets at beginning of year2022-12-31$120,881
Value of fidelity bond covering the plan2022-12-31$50,000
Other income received2022-12-31$-50,644
Net income (gross income less expenses)2022-12-31$-50,644
Net plan assets at end of year (total assets less liabilities)2022-12-31$70,237
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$120,881
Assets. Value of employer securities2022-12-31$70,237
2021 : FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2021 401k financial data
Total income from all sources2021-12-31$67,672
Expenses. Total of all expenses incurred2021-12-31$0
Total plan assets at end of year2021-12-31$120,881
Total plan assets at beginning of year2021-12-31$53,209
Value of fidelity bond covering the plan2021-12-31$50,000
Other income received2021-12-31$67,672
Net income (gross income less expenses)2021-12-31$67,672
Net plan assets at end of year (total assets less liabilities)2021-12-31$120,881
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$53,209
Assets. Value of employer securities2021-12-31$120,881
2020 : FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2020 401k financial data
Total income from all sources2020-12-31$53,209
Expenses. Total of all expenses incurred2020-12-31$0
Total plan assets at end of year2020-12-31$53,209
Total plan assets at beginning of year2020-12-31$0
Value of fidelity bond covering the plan2020-12-31$50,000
Other income received2020-12-31$53,209
Net income (gross income less expenses)2020-12-31$53,209
Net plan assets at end of year (total assets less liabilities)2020-12-31$53,209
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$0
Assets. Value of employer securities2020-12-31$53,209
2019 : FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2019 401k financial data
Total income from all sources2019-12-31$0
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$0
Total plan assets at beginning of year2019-12-31$0
Value of fidelity bond covering the plan2019-12-31$30,000
Net income (gross income less expenses)2019-12-31$0
Net plan assets at end of year (total assets less liabilities)2019-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Assets. Value of employer securities2019-12-31$0
2018 : FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2018 401k financial data
Total income from all sources2018-12-31$-40,612
Expenses. Total of all expenses incurred2018-12-31$0
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$0
Total plan assets at beginning of year2018-12-31$40,612
Value of fidelity bond covering the plan2018-12-31$30,000
Total contributions received or receivable from participants2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-40,612
Net income (gross income less expenses)2018-12-31$-40,612
Net plan assets at end of year (total assets less liabilities)2018-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$40,612
Assets. Value of employer securities2018-12-31$0
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
2017 : FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2017 401k financial data
Total income from all sources2017-12-31$-220,669
Expenses. Total of all expenses incurred2017-12-31$15
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$40,612
Total plan assets at beginning of year2017-12-31$261,296
Value of fidelity bond covering the plan2017-12-31$30,000
Total contributions received or receivable from participants2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$51,658
Other income received2017-12-31$-272,327
Net income (gross income less expenses)2017-12-31$-220,684
Net plan assets at end of year (total assets less liabilities)2017-12-31$40,612
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$261,296
Assets. Value of employer securities2017-12-31$40,612
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$15
2016 : FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources2016-12-31$22,426
Expenses. Total of all expenses incurred2016-12-31$0
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$261,296
Total plan assets at beginning of year2016-12-31$238,870
Value of fidelity bond covering the plan2016-12-31$30,000
Total contributions received or receivable from participants2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$22,426
Net income (gross income less expenses)2016-12-31$22,426
Net plan assets at end of year (total assets less liabilities)2016-12-31$261,296
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$238,870
Assets. Value of employer securities2016-12-31$261,296
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
2015 : FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2015 401k financial data
Total income from all sources2015-12-31$27,680
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$238,870
Total plan assets at beginning of year2015-12-31$211,190
Value of fidelity bond covering the plan2015-12-31$30,000
Total contributions received or receivable from participants2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$27,680
Net income (gross income less expenses)2015-12-31$27,680
Net plan assets at end of year (total assets less liabilities)2015-12-31$238,870
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$211,190
Assets. Value of employer securities2015-12-31$238,870
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0
2014 : FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2014 401k financial data
Total income from all sources2014-12-31$211,205
Expenses. Total of all expenses incurred2014-12-31$15
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$211,190
Total contributions received or receivable from participants2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$211,205
Other income received2014-12-31$0
Net income (gross income less expenses)2014-12-31$211,190
Net plan assets at end of year (total assets less liabilities)2014-12-31$211,190
Assets. Value of employer securities2014-12-31$211,190
Total contributions received or receivable from employer(s)2014-12-31$0
Value of certain deemed distributions of participant loans2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$15

Form 5500 Responses for FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN

2023: FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FORBES ASSET MANAGEMENT INC. RETIREMENT PLAN 2014 form 5500 responses
2014-11-25Type of plan entitySingle employer plan
2014-11-25First time form 5500 has been submittedYes
2014-11-25This return/report is a short plan year return/report (less than 12 months)Yes
2014-11-25Plan funding arrangement – TrustYes
2014-11-25Plan benefit arrangement - TrustYes

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