HARE, WYNN, NEWELL & NEWTON, LLP PROFIT SHARING PLAN 401k Plan overview
| Plan Name | HARE, WYNN, NEWELL & NEWTON, LLP PROFIT SHARING PLAN |
| Plan identification number | 002 |
HARE, WYNN, NEWELL & NEWTON, LLP PROFIT SHARING PLAN Benefits
| 401k Plan Type | Defined Contribution Pension |
| Plan Features/Benefits | - Profit-sharing
- 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.
- Plan covering Self-Employed individuals.
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401k Sponsoring company profile
HARE, WYNN, NEWELL & NEWTON, LLP has sponsored the creation of one or more 401k plans.
Form 5500 Filing Information
Submission information for form 5500 for 401k plan HARE, WYNN, NEWELL & NEWTON, LLP PROFIT SHARING PLAN
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|
| 002 | 2020-01-01 | LEON ASHFORD | 2021-10-13 | LEON ASHFORD | 2021-10-13 |
Plan Statistics for HARE, WYNN, NEWELL & NEWTON, LLP PROFIT SHARING PLAN
401k plan membership statisitcs for HARE, WYNN, NEWELL & NEWTON, LLP PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2020: HARE, WYNN, NEWELL & NEWTON, LLP PROFIT SHARING PLAN 2020 401k membership |
|---|
| Total participants, beginning-of-year | 2020-01-01 | 70 |
| Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 43 |
| Number of retired or separated participants receiving benefits | 2020-01-01 | 20 |
| Total of all active and inactive participants | 2020-01-01 | 63 |
| Total participants | 2020-01-01 | 63 |
| Number of participants with account balances | 2020-01-01 | 63 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 3 |
Financial Data on HARE, WYNN, NEWELL & NEWTON, LLP PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2020 : HARE, WYNN, NEWELL & NEWTON, LLP PROFIT SHARING PLAN 2020 401k financial data |
|---|
| Total plan liabilities at beginning of year | 2020-12-31 | $34,818 |
| Total income from all sources | 2020-12-31 | $2,302,386 |
| Expenses. Total of all expenses incurred | 2020-12-31 | $976,982 |
| Benefits paid (including direct rollovers) | 2020-12-31 | $860,038 |
| Total plan assets at end of year | 2020-12-31 | $20,269,925 |
| Total plan assets at beginning of year | 2020-12-31 | $18,979,339 |
| Value of fidelity bond covering the plan | 2020-12-31 | $500,000 |
| Total contributions received or receivable from participants | 2020-12-31 | $170,944 |
| Other income received | 2020-12-31 | $1,572,372 |
| Net income (gross income less expenses) | 2020-12-31 | $1,325,404 |
| Net plan assets at end of year (total assets less liabilities) | 2020-12-31 | $20,269,925 |
| Net plan assets at beginning of year (total assets less liabilities) | 2020-12-31 | $18,944,521 |
| Total contributions received or receivable from employer(s) | 2020-12-31 | $559,070 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2020-12-31 | $116,944 |
Form 5500 Responses for HARE, WYNN, NEWELL & NEWTON, LLP PROFIT SHARING PLAN
| 2020: HARE, WYNN, NEWELL & NEWTON, LLP PROFIT SHARING PLAN 2020 form 5500 responses |
|---|
| 2020-01-01 | Type of plan entity | Single employer plan |
| 2020-01-01 | Plan funding arrangement – Trust | Yes |
| 2020-01-01 | Plan benefit arrangement - Trust | Yes |
Insurance Providers Used on plan
| NORTHWESTERN MUTUAL (National Association of Insurance Commissioners NAIC id number: 67091 ) |
| Policy contract number | 78286 |
| Policy instance | 1 |
| Insurance contract or identification number | 78286 | | Insurance policy start date | 2020-01-01 | | Insurance policy end date | 2020-12-31 | | Total amount of commissions paid to insurance broker | USD $0 | | Total amount of fees paid to insurance company | USD $0 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Insurance broker organization code? | 3 |
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