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YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 401k Plan overview

Plan NameYOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN
Plan identification number 001

YOUNGER ASSOCIATES, INC. SAFE HARBOR 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.
  • 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

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

Company Name:YOUNGER ASSOCIATES, INC.
Employer identification number (EIN):621678509
NAIC Classification:541800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01SHARON YOUNGER
0012023-01-01
0012023-01-01SHARON YOUNGER
0012022-01-01
0012022-01-01SHARON YOUNGER
0012021-01-01
0012021-01-01SHARON YOUNGER
0012020-01-01
0012019-01-01
0012018-01-01SHARON YOUNGER
0012017-01-01SHARON YOUNGER
0012016-01-01SHARON YOUNGER
0012015-01-01SHARON YOUNGER
0012014-01-01SHARON YOUNGER

Financial Data on YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN

Measure Date Value
2024 : YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2024 401k financial data
Total income from all sources2024-01-01$380,451
Expenses. Total of all expenses incurred2024-01-01$57,510
Benefits paid (including direct rollovers)2024-01-01$57,410
Total plan assets at end of year2024-01-01$2,525,354
Total plan assets at beginning of year2024-01-01$2,202,413
Value of fidelity bond covering the plan2024-01-01$150,000
Total contributions received or receivable from participants2024-01-01$103,166
Other income received2024-01-01$250,828
Net income (gross income less expenses)2024-01-01$322,941
Net plan assets at end of year (total assets less liabilities)2024-01-01$2,525,354
Net plan assets at beginning of year (total assets less liabilities)2024-01-01$2,202,413
Total contributions received or receivable from employer(s)2024-01-01$26,457
Expenses. Administrative service providers (salaries,fees and commissions)2024-01-01$100
2023 : YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2023 401k financial data
Total income from all sources2023-12-31$425,869
Expenses. Total of all expenses incurred2023-12-31$118,061
Benefits paid (including direct rollovers)2023-12-31$117,961
Total plan assets at end of year2023-12-31$2,202,413
Total plan assets at beginning of year2023-12-31$1,894,605
Value of fidelity bond covering the plan2023-12-31$150,000
Total contributions received or receivable from participants2023-12-31$112,015
Expenses. Other expenses not covered elsewhere2023-12-31$100
Other income received2023-12-31$286,661
Net income (gross income less expenses)2023-12-31$307,808
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,202,413
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,894,605
Total contributions received or receivable from employer(s)2023-12-31$27,193
2022 : YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2022 401k financial data
Total income from all sources2022-12-31$-267,277
Expenses. Total of all expenses incurred2022-12-31$244,160
Benefits paid (including direct rollovers)2022-12-31$244,010
Total plan assets at end of year2022-12-31$1,894,605
Total plan assets at beginning of year2022-12-31$2,406,042
Value of fidelity bond covering the plan2022-12-31$150,000
Total contributions received or receivable from participants2022-12-31$95,994
Expenses. Other expenses not covered elsewhere2022-12-31$150
Other income received2022-12-31$-391,352
Net income (gross income less expenses)2022-12-31$-511,437
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,894,605
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,406,042
Total contributions received or receivable from employer(s)2022-12-31$28,081
2021 : YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2021 401k financial data
Total income from all sources2021-12-31$332,552
Expenses. Total of all expenses incurred2021-12-31$63,863
Benefits paid (including direct rollovers)2021-12-31$63,713
Total plan assets at end of year2021-12-31$2,406,042
Total plan assets at beginning of year2021-12-31$2,137,353
Value of fidelity bond covering the plan2021-12-31$150,000
Total contributions received or receivable from participants2021-12-31$84,943
Expenses. Other expenses not covered elsewhere2021-12-31$150
Other income received2021-12-31$221,349
Net income (gross income less expenses)2021-12-31$268,689
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,406,042
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,137,353
Total contributions received or receivable from employer(s)2021-12-31$26,260
2020 : YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2020 401k financial data
Total income from all sources2020-12-31$299,418
Expenses. Total of all expenses incurred2020-12-31$94,730
Benefits paid (including direct rollovers)2020-12-31$94,630
Total plan assets at end of year2020-12-31$2,137,353
Total plan assets at beginning of year2020-12-31$1,932,665
Value of fidelity bond covering the plan2020-12-31$150,000
Total contributions received or receivable from participants2020-12-31$73,715
Expenses. Other expenses not covered elsewhere2020-12-31$100
Other income received2020-12-31$204,858
Net income (gross income less expenses)2020-12-31$204,688
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,137,353
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,932,665
Total contributions received or receivable from employer(s)2020-12-31$20,845
2019 : YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2019 401k financial data
Total income from all sources2019-12-31$442,570
Expenses. Total of all expenses incurred2019-12-31$45,187
Benefits paid (including direct rollovers)2019-12-31$45,037
Total plan assets at end of year2019-12-31$1,932,665
Total plan assets at beginning of year2019-12-31$1,535,282
Value of fidelity bond covering the plan2019-12-31$150,000
Total contributions received or receivable from participants2019-12-31$82,583
Expenses. Other expenses not covered elsewhere2019-12-31$150
Other income received2019-12-31$332,482
Net income (gross income less expenses)2019-12-31$397,383
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,932,665
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,535,282
Total contributions received or receivable from employer(s)2019-12-31$27,505
2018 : YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2018 401k financial data
Total income from all sources2018-12-31$85,548
Expenses. Total of all expenses incurred2018-12-31$5,204
Benefits paid (including direct rollovers)2018-12-31$5,154
Total plan assets at end of year2018-12-31$1,535,282
Total plan assets at beginning of year2018-12-31$1,454,938
Value of fidelity bond covering the plan2018-12-31$150,000
Total contributions received or receivable from participants2018-12-31$100,570
Expenses. Other expenses not covered elsewhere2018-12-31$50
Contributions received from other sources (not participants or employers)2018-12-31$45,816
Other income received2018-12-31$-98,906
Net income (gross income less expenses)2018-12-31$80,344
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,535,282
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,454,938
Total contributions received or receivable from employer(s)2018-12-31$38,068
2017 : YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2017 401k financial data
Total income from all sources2017-12-31$308,760
Expenses. Total of all expenses incurred2017-12-31$782
Benefits paid (including direct rollovers)2017-12-31$732
Total plan assets at end of year2017-12-31$1,454,938
Total plan assets at beginning of year2017-12-31$1,146,960
Value of fidelity bond covering the plan2017-12-31$20,000
Total contributions received or receivable from participants2017-12-31$73,279
Expenses. Other expenses not covered elsewhere2017-12-31$50
Other income received2017-12-31$198,116
Net income (gross income less expenses)2017-12-31$307,978
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,454,938
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,146,960
Total contributions received or receivable from employer(s)2017-12-31$37,365
2016 : YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2016 401k financial data
Total income from all sources2016-12-31$197,626
Total plan assets at end of year2016-12-31$1,146,960
Total plan assets at beginning of year2016-12-31$949,334
Total contributions received or receivable from participants2016-12-31$83,005
Other income received2016-12-31$73,277
Net income (gross income less expenses)2016-12-31$197,626
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,146,960
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$949,334
Total contributions received or receivable from employer(s)2016-12-31$41,344
2015 : YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2015 401k financial data
Total income from all sources2015-12-31$96,695
Total plan assets at end of year2015-12-31$949,334
Total plan assets at beginning of year2015-12-31$852,639
Total contributions received or receivable from participants2015-12-31$77,956
Other income received2015-12-31$-19,726
Net income (gross income less expenses)2015-12-31$96,695
Net plan assets at end of year (total assets less liabilities)2015-12-31$949,334
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$852,639
Total contributions received or receivable from employer(s)2015-12-31$38,465
2014 : YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2014 401k financial data
Total income from all sources2014-12-31$857,025
Expenses. Total of all expenses incurred2014-12-31$4,386
Benefits paid (including direct rollovers)2014-12-31$4,386
Total plan assets at end of year2014-12-31$852,639
Total plan assets at beginning of year2014-12-31$0
Total contributions received or receivable from participants2014-12-31$75,575
Contributions received from other sources (not participants or employers)2014-12-31$706,623
Other income received2014-12-31$38,564
Net income (gross income less expenses)2014-12-31$852,639
Net plan assets at end of year (total assets less liabilities)2014-12-31$852,639
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$36,263

Form 5500 Responses for YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN

2023: YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: YOUNGER ASSOCIATES, INC. SAFE HARBOR 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1
Number of Individuals Covered13
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $7,952
Total amount of fees paid to insurance companyUSD $20
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1
Number of Individuals Covered15
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $8,461
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1

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