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TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN 401k Plan overview

Plan NameTURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN
Plan identification number 001

TURNAROUND MANAGEMENT ASSOCIATION 401(K) 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

TURNAROUND MANAGEMENT ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:TURNAROUND MANAGEMENT ASSOCIATION
Employer identification number (EIN):561596880
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Additional information about TURNAROUND MANAGEMENT ASSOCIATION

Jurisdiction of Incorporation: North Carolina Secretary of State
Incorporation Date:
Company Identification Number: 0221599

More information about TURNAROUND MANAGEMENT ASSOCIATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01MARIE FAHRENBACH2019-07-10
0012017-01-01MARIE FAHRENBACH2018-07-18
0012016-01-01MARIE FAHRENBACH2017-07-25
0012015-01-01MARIE FAHRENBACH2016-07-21
0012014-01-01MARIE FAHRENBACH2015-07-20
0012013-01-01MARIE FAHRENBACH2014-07-17
0012012-01-01JAMES GAVIN2013-08-01
0012011-01-01JAMES GAVIN2012-07-19
0012010-01-01JAMES C. GAVIN2011-07-27

Plan Statistics for TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN

401k plan membership statisitcs for TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN

Measure Date Value
2022: TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0120
Total number of active participants reported on line 7a of the Form 55002022-01-019
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-019
Total of all active and inactive participants2022-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0118
Number of participants with account balances2022-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0121
Total number of active participants reported on line 7a of the Form 55002021-01-0110
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0110
Total of all active and inactive participants2021-01-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0120
Number of participants with account balances2021-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0117
Total number of active participants reported on line 7a of the Form 55002020-01-0113
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-018
Total of all active and inactive participants2020-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0121
Number of participants with account balances2020-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0127
Total number of active participants reported on line 7a of the Form 55002019-01-018
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-019
Total of all active and inactive participants2019-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0117
Number of participants with account balances2019-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN

Measure Date Value
2022 : TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-271,932
Expenses. Total of all expenses incurred2022-12-31$653,140
Benefits paid (including direct rollovers)2022-12-31$646,905
Total plan assets at end of year2022-12-31$1,769,965
Total plan assets at beginning of year2022-12-31$2,695,037
Value of fidelity bond covering the plan2022-12-31$220,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$134,774
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-465,529
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-925,072
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,769,965
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,695,037
Assets. Value of participant loans2022-12-31$0
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$58,823
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$6,235
2021 : TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$658,166
Expenses. Total of all expenses incurred2021-12-31$166,429
Benefits paid (including direct rollovers)2021-12-31$159,980
Total plan assets at end of year2021-12-31$2,695,037
Total plan assets at beginning of year2021-12-31$2,203,300
Value of fidelity bond covering the plan2021-12-31$220,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$144,628
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$136,982
Other income received2021-12-31$309,946
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$491,737
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,695,037
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,203,300
Assets. Value of participant loans2021-12-31$0
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$66,610
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$6,449
2020 : TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$530,485
Expenses. Total of all expenses incurred2020-12-31$128,552
Benefits paid (including direct rollovers)2020-12-31$124,663
Total plan assets at end of year2020-12-31$2,203,300
Total plan assets at beginning of year2020-12-31$1,801,367
Value of fidelity bond covering the plan2020-12-31$220,000
Total contributions received or receivable from participants2020-12-31$112,391
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$38,376
Other income received2020-12-31$324,514
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$401,933
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,203,300
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,801,367
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$55,204
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$3,889
2019 : TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$560,453
Expenses. Total of all expenses incurred2019-12-31$442,035
Benefits paid (including direct rollovers)2019-12-31$439,729
Total plan assets at end of year2019-12-31$1,801,367
Total plan assets at beginning of year2019-12-31$1,682,949
Value of fidelity bond covering the plan2019-12-31$180,000
Total contributions received or receivable from participants2019-12-31$107,337
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$398,632
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$118,418
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,801,367
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,682,949
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022019-12-31$0
Total contributions received or receivable from employer(s)2019-12-31$54,484
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$2,306

Form 5500 Responses for TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN

2022: TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TURNAROUND MANAGEMENT ASSOCIATION 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: TURNAROUND MANAGEMENT ASSOCIATION 401(K) 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: TURNAROUND MANAGEMENT ASSOCIATION 401(K) 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

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