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SOUNDWORKS OF NEW YORK INC 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan NameSOUNDWORKS OF NEW YORK INC 401 K PROFIT SHARING PLAN TRUST
Plan identification number 001

SOUNDWORKS OF NEW YORK INC 401 K PROFIT SHARING PLAN TRUST Benefits

401k Plan TypeDefined 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.
  • 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

SOUNDWORKS INC has sponsored the creation of one or more 401k plans.

Company Name:SOUNDWORKS INC
Employer identification number (EIN):562386379
NAIC Classification:812990
NAIC Description:All Other Personal Services

Additional information about SOUNDWORKS INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 4977738

More information about SOUNDWORKS INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUNDWORKS OF NEW YORK INC 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LOUIS GORDON2025-01-14
0012022-01-01COREY FELTER2023-10-19
0012021-01-01COREY FELTER2022-05-10
0012020-01-01LOUIS GORDON2021-06-02
0012019-01-01COREY FELTER2020-05-21
0012018-01-01LOUIS GORDON2019-05-23
0012017-01-01LOUIS GORDON2018-06-29
0012016-01-01LOUIS GORDON2017-05-18
0012015-01-01LOUIS GORDON2016-06-24

Financial Data on SOUNDWORKS OF NEW YORK INC 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2025 : SOUNDWORKS OF NEW YORK INC 401 K PROFIT SHARING PLAN TRUST 2025 401k financial data
Total liabilities as of the end of the plan year2025-10-035780
Total liabilities as of the beginning of the plan year2025-10-030
Total expenses incurred by plan in this plan year2025-10-031290
Net assets as of the end of the plan year2025-10-03403224
Total assets as of the beginning of the plan year2025-10-03311531
Participant contributions to plan in this plan year2025-10-0344558
Value of participant loans at end of plan year2025-10-0315750
Other income to plan in this plan year2025-10-0325471
Plan net income in this plan year2025-10-0385913
Net assets as of the end of the plan year2025-10-03397444
Net assets as of the beginning of the plan year2025-10-03311531
Employer contributions to plan in this plan year2025-10-0317174
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-031290
Total liabilities as of the beginning of the plan year2025-01-140
Total expenses incurred by plan in this plan year2025-01-142052
Net assets as of the end of the plan year2025-01-14311531
Total assets as of the beginning of the plan year2025-01-14224840
Value of plan covered by a fidelity bond2025-01-1422484
Participant contributions to plan in this plan year2025-01-1437856
Value of participant loans at end of plan year2025-01-148843
Other income to plan in this plan year2025-01-1434647
Plan net income in this plan year2025-01-1486691
Net assets as of the end of the plan year2025-01-14311531
Net assets as of the beginning of the plan year2025-01-14224840
Employer contributions to plan in this plan year2025-01-1416240
Expensese paid to adminstrative service provicers from plan in this plan year2025-01-142052
2022 : SOUNDWORKS OF NEW YORK INC 401 K PROFIT SHARING PLAN TRUST 2022 401k financial data
Total transfers to/from plan in this plan year2022-05-100
Total liabilities as of the end of the plan year2022-05-100
Total liabilities as of the beginning of the plan year2022-05-100
Total expenses incurred by plan in this plan year2022-05-10120
Net assets as of the end of the plan year2022-05-10244646
Total assets as of the beginning of the plan year2022-05-10181233
Value of plan covered by a fidelity bond2022-05-1020000
Participant contributions to plan in this plan year2022-05-1031199
Value of participant loans at end of plan year2022-05-1012819
Other expenses paid from plan in this plan year2022-05-100
Other contributions to plan in this plan year2022-05-100
Other income to plan in this plan year2022-05-1022474
Plan net income in this plan year2022-05-1063413
Net assets as of the end of the plan year2022-05-10244646
Net assets as of the beginning of the plan year2022-05-10181233
Employer contributions to plan in this plan year2022-05-109860
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-10120

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