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NETWORKS INMOCEAN INC 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan NameNETWORKS INMOCEAN INC 401 K PROFIT SHARING PLAN TRUST
Plan identification number 001

NETWORKS INMOCEAN 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

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

Company Name:NETWORKS INMOCEAN INC
Employer identification number (EIN):721587140
NAIC Classification:541330
NAIC Description:Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NETWORKS INMOCEAN INC 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01YAU KEUNG HOM2024-07-15
0012022-01-01YAU KEUNG HOM2023-07-30
0012021-01-01YAU KEUNG HOM2022-08-19
0012020-01-01YAU KEUNG HOM2021-07-29
0012019-01-01YAU KEUNG HOM2020-07-19
0012018-01-01YAU KEUNG HOM2019-07-26
0012017-01-01YAU KEUNG HOM2018-07-23
0012016-01-01YAU KEUNG HOM2017-07-19
0012013-01-01YAU KEUNG HOM2014-07-29
0012010-01-01NETWORKS INMOCEAN INC2011-08-01

Plan Statistics for NETWORKS INMOCEAN INC 401 K PROFIT SHARING PLAN TRUST

401k plan membership statisitcs for NETWORKS INMOCEAN INC 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2025: NETWORKS INMOCEAN INC 401 K PROFIT SHARING PLAN TRUST 2025 401k membership
Total number of particpants at beginning of year2025-07-1326
Total number of particpants at end of year2025-07-1328
Number of Participants With Account Balances2025-07-1328
2024: NETWORKS INMOCEAN INC 401 K PROFIT SHARING PLAN TRUST 2024 401k membership
Total number of particpants at beginning of year2024-07-1524
Total number of particpants at end of year2024-07-1526
Number of Participants With Account Balances2024-07-1525

Financial Data on NETWORKS INMOCEAN INC 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2025 : NETWORKS INMOCEAN INC 401 K PROFIT SHARING PLAN TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-130
Total liabilities as of the end of the plan year2025-07-130
Total liabilities as of the beginning of the plan year2025-07-130
Total expenses incurred by plan in this plan year2025-07-1323914
Net assets as of the end of the plan year2025-07-136051596
Total assets as of the beginning of the plan year2025-07-134520318
Value of plan covered by a fidelity bond2025-07-13452032
Participant contributions to plan in this plan year2025-07-13193544
Value of participant loans at end of plan year2025-07-1373797
Other expenses paid from plan in this plan year2025-07-130
Other contributions to plan in this plan year2025-07-130
Other income to plan in this plan year2025-07-13706553
Plan net income in this plan year2025-07-131531278
Net assets as of the end of the plan year2025-07-136051596
Net assets as of the beginning of the plan year2025-07-134520318
Employer contributions to plan in this plan year2025-07-13655095
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-1323914
2024 : NETWORKS INMOCEAN INC 401 K PROFIT SHARING PLAN TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-150
Total liabilities as of the end of the plan year2024-07-150
Total liabilities as of the beginning of the plan year2024-07-150
Total expenses incurred by plan in this plan year2024-07-1549399
Net assets as of the end of the plan year2024-07-154520318
Total assets as of the beginning of the plan year2024-07-153351152
Value of plan covered by a fidelity bond2024-07-15335115
Participant contributions to plan in this plan year2024-07-15169922
Value of participant loans at end of plan year2024-07-1579613
Other expenses paid from plan in this plan year2024-07-150
Other contributions to plan in this plan year2024-07-150
Other income to plan in this plan year2024-07-15599977
Plan net income in this plan year2024-07-151169166
Net assets as of the end of the plan year2024-07-154520318
Net assets as of the beginning of the plan year2024-07-153351152
Employer contributions to plan in this plan year2024-07-15448666
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-1510544

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