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DYNAMIC SOLUTIONS GROUP INC 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan NameDYNAMIC SOLUTIONS GROUP INC 401 K PROFIT SHARING PLAN TRUST
Plan identification number 001

DYNAMIC SOLUTIONS GROUP 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.
  • 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

DYNAMIC SOLUTIONS GROUP INC has sponsored the creation of one or more 401k plans.

Company Name:DYNAMIC SOLUTIONS GROUP INC
Employer identification number (EIN):593641510
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about DYNAMIC SOLUTIONS GROUP INC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number: 348905

More information about DYNAMIC SOLUTIONS GROUP INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DYNAMIC SOLUTIONS GROUP INC 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JAMES M. WATT2024-06-21
0012022-01-01JAMES M. WATT2023-06-13
0012021-01-01JAMES M WATT2022-06-02
0012020-01-01JAMES M WATT2021-06-08
0012019-01-01JAMES WATT2020-06-04
0012018-01-01JAMES WATT2019-05-01
0012017-01-01JIM WATT2018-04-13

Financial Data on DYNAMIC SOLUTIONS GROUP INC 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2025 : DYNAMIC SOLUTIONS GROUP INC 401 K PROFIT SHARING PLAN TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-05-200
Total liabilities as of the end of the plan year2025-05-200
Total liabilities as of the beginning of the plan year2025-05-200
Total expenses incurred by plan in this plan year2025-05-2020853
Net assets as of the end of the plan year2025-05-201515821
Total assets as of the beginning of the plan year2025-05-201183489
Value of plan covered by a fidelity bond2025-05-2020000
Participant contributions to plan in this plan year2025-05-20119179
Value of participant loans at end of plan year2025-05-2035621
Other expenses paid from plan in this plan year2025-05-200
Other contributions to plan in this plan year2025-05-200
Other income to plan in this plan year2025-05-20167594
Plan net income in this plan year2025-05-20332332
Net assets as of the end of the plan year2025-05-201515821
Net assets as of the beginning of the plan year2025-05-201183489
Employer contributions to plan in this plan year2025-05-2066412
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-2013495
2024 : DYNAMIC SOLUTIONS GROUP INC 401 K PROFIT SHARING PLAN TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-210
Total liabilities as of the end of the plan year2024-06-210
Total liabilities as of the beginning of the plan year2024-06-210
Total expenses incurred by plan in this plan year2024-06-219569
Net assets as of the end of the plan year2024-06-211183489
Total assets as of the beginning of the plan year2024-06-21855967
Value of plan covered by a fidelity bond2024-06-2120000
Participant contributions to plan in this plan year2024-06-21110346
Value of participant loans at end of plan year2024-06-2141921
Other expenses paid from plan in this plan year2024-06-210
Other contributions to plan in this plan year2024-06-210
Other income to plan in this plan year2024-06-21165062
Plan net income in this plan year2024-06-21327522
Net assets as of the end of the plan year2024-06-211183489
Net assets as of the beginning of the plan year2024-06-21855967
Employer contributions to plan in this plan year2024-06-2161683
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-219569
2022 : DYNAMIC SOLUTIONS GROUP INC 401 K PROFIT SHARING PLAN TRUST 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-020
Total liabilities as of the end of the plan year2022-06-020
Total liabilities as of the beginning of the plan year2022-06-020
Total expenses incurred by plan in this plan year2022-06-026243
Net assets as of the end of the plan year2022-06-02867848
Total assets as of the beginning of the plan year2022-06-02609435
Value of plan covered by a fidelity bond2022-06-0240000
Participant contributions to plan in this plan year2022-06-02106698
Value of participant loans at end of plan year2022-06-0226974
Other expenses paid from plan in this plan year2022-06-020
Other contributions to plan in this plan year2022-06-020
Other income to plan in this plan year2022-06-02101331
Plan net income in this plan year2022-06-02258413
Net assets as of the end of the plan year2022-06-02867848
Net assets as of the beginning of the plan year2022-06-02609435
Employer contributions to plan in this plan year2022-06-0256627
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-026243

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