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NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameNOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN
Plan identification number 001

NOWLAND ASSOCIATES, INC. PROFIT SHARING 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.
  • 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.

401k Sponsoring company profile

NOWLAND ASSOCIATES, INC. has sponsored the creation of one or more 401k plans.

Company Name:NOWLAND ASSOCIATES, INC.
Employer identification number (EIN):510116695
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JAMES NOWLAND2024-06-26
0012022-01-01JAMES NOWLAND2023-07-03
0012021-01-01JAMES NOWLAND2022-06-22
0012020-01-01JAMES NOWLAND2021-06-14
0012019-01-01JAMES NOWLAND2020-01-29
0012018-11-01JAMES NOWLAND2019-10-07
0012017-11-01RACHEL KAY2019-03-07
0012015-11-01RACHEL KAY2017-05-26
0012013-11-01JAMES NOWLAND2015-05-26
0012012-11-01JAMES NOWLAND2014-05-16 JAMES NOWLAND2014-05-16
0012011-11-01JAMES NOWLAND
0012010-11-01JAMES NOWLAND

Plan Statistics for NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN

Measure Date Value
2025: NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-05-0940
Total number of particpants at end of year2025-05-0938
Number of Participants With Account Balances2025-05-0937
2024: NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-2636
Total number of particpants at end of year2024-06-2637
Number of Participants With Account Balances2024-06-2636
2011: NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-11-0139
Total number of active participants reported on line 7a of the Form 55002011-11-0128
Number of retired or separated participants receiving benefits2011-11-010
Number of other retired or separated participants entitled to future benefits2011-11-019
Total of all active and inactive participants2011-11-0137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-11-010
Total participants2011-11-0137
Number of participants with account balances2011-11-0136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-11-010
2010: NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-11-0139
Total number of active participants reported on line 7a of the Form 55002010-11-0128
Number of retired or separated participants receiving benefits2010-11-010
Number of other retired or separated participants entitled to future benefits2010-11-019
Total of all active and inactive participants2010-11-0137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-11-010
Total participants2010-11-0137
Number of participants with account balances2010-11-0136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-11-016

Financial Data on NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN

Measure Date Value
2025 : NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-09325440
Net assets as of the end of the plan year2025-05-099603509
Total assets as of the beginning of the plan year2025-05-098728951
Value of plan covered by a fidelity bond2025-05-09500000
Participant contributions to plan in this plan year2025-05-09214122
Value of participant loans at end of plan year2025-05-0957843
Other expenses paid from plan in this plan year2025-05-0951888
Other contributions to plan in this plan year2025-05-0917686
Other income to plan in this plan year2025-05-09898359
Plan net income in this plan year2025-05-09874558
Net assets as of the end of the plan year2025-05-099603509
Net assets as of the beginning of the plan year2025-05-098728951
Employer contributions to plan in this plan year2025-05-0969831
2024 : NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-26635971
Net assets as of the end of the plan year2024-06-268728951
Total assets as of the beginning of the plan year2024-06-268020235
Value of plan covered by a fidelity bond2024-06-26500000
Participant contributions to plan in this plan year2024-06-26228237
Value of participant loans at end of plan year2024-06-26102096
Other expenses paid from plan in this plan year2024-06-2646777
Other income to plan in this plan year2024-06-261045013
Plan net income in this plan year2024-06-26708716
Net assets as of the end of the plan year2024-06-268728951
Net assets as of the beginning of the plan year2024-06-268020235
Employer contributions to plan in this plan year2024-06-2671437
2012 : NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-10-31$526,943
Expenses. Total of all expenses incurred2012-10-31$108,642
Benefits paid (including direct rollovers)2012-10-31$108,392
Total plan assets at end of year2012-10-31$4,116,411
Total plan assets at beginning of year2012-10-31$3,698,110
Value of fidelity bond covering the plan2012-10-31$500,000
Total contributions received or receivable from participants2012-10-31$155,811
Expenses. Other expenses not covered elsewhere2012-10-31$250
Contributions received from other sources (not participants or employers)2012-10-31$0
Other income received2012-10-31$323,279
Net income (gross income less expenses)2012-10-31$418,301
Net plan assets at end of year (total assets less liabilities)2012-10-31$4,116,411
Net plan assets at beginning of year (total assets less liabilities)2012-10-31$3,698,110
Total contributions received or receivable from employer(s)2012-10-31$47,853
Value of certain deemed distributions of participant loans2012-10-31$0
Value of corrective distributions2012-10-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-10-31$0
Funding deficiency by the employer to the plan for this plan year2012-10-31$0
Minimum employer required contribution for this plan year2012-10-31$0
Amount contributed by the employer to the plan for this plan year2012-10-31$0
2011 : NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan2011-10-31$0
Total income from all sources2011-10-31$281,891
Expenses. Total of all expenses incurred2011-10-31$216,724
Benefits paid (including direct rollovers)2011-10-31$216,128
Total plan assets at end of year2011-10-31$3,698,110
Total plan assets at beginning of year2011-10-31$3,632,943
Value of fidelity bond covering the plan2011-10-31$500,000
Total contributions received or receivable from participants2011-10-31$135,894
Expenses. Other expenses not covered elsewhere2011-10-31$100
Contributions received from other sources (not participants or employers)2011-10-31$26,986
Other income received2011-10-31$75,294
Net income (gross income less expenses)2011-10-31$65,167
Net plan assets at end of year (total assets less liabilities)2011-10-31$3,698,110
Net plan assets at beginning of year (total assets less liabilities)2011-10-31$3,632,943
Assets. Value of participant loans2011-10-31$0
Total contributions received or receivable from employer(s)2011-10-31$43,717
Value of certain deemed distributions of participant loans2011-10-31$0
Value of corrective distributions2011-10-31$496
Funding deficiency by the employer to the plan for this plan year2011-10-31$0
Minimum employer required contribution for this plan year2011-10-31$0
Amount contributed by the employer to the plan for this plan year2011-10-31$0

Form 5500 Responses for NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN

2011: NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-11-01Type of plan entitySingle employer plan
2011-11-01Submission has been amendedNo
2011-11-01This submission is the final filingNo
2011-11-01This return/report is a short plan year return/report (less than 12 months)No
2011-11-01Plan is a collectively bargained planNo
2011-11-01Plan funding arrangement – InsuranceYes
2011-11-01Plan funding arrangement – TrustYes
2011-11-01Plan benefit arrangement – InsuranceYes
2010: NOWLAND ASSOCIATES, INC. PROFIT SHARING PLAN 2010 form 5500 responses
2010-11-01Type of plan entitySingle employer plan
2010-11-01Submission has been amendedNo
2010-11-01This submission is the final filingNo
2010-11-01This return/report is a short plan year return/report (less than 12 months)No
2010-11-01Plan is a collectively bargained planNo
2010-11-01Plan funding arrangement – InsuranceYes
2010-11-01Plan funding arrangement – TrustYes
2010-11-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-712066
Policy instance 1
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-712066
Policy instance 1

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