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CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 401k Plan overview

Plan NameCRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN
Plan identification number 001

CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 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

CRAIG FRANKLIN, CPA, P.C. has sponsored the creation of one or more 401k plans.

Company Name:CRAIG FRANKLIN, CPA, P.C.
Employer identification number (EIN):742848805
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Additional information about CRAIG FRANKLIN, CPA, P.C.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1997-09-03
Company Identification Number: 0092338302
Legal Registered Office Address: 16797 SAN PEDRO AVE

SAN ANTONIO
United States of America (USA)
78232

More information about CRAIG FRANKLIN, CPA, P.C.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01DEBBIE LLEWELLYN2023-10-16
0012021-01-01DEBBIE LLEWELLYN2022-05-25
0012020-01-01DEBBIE LLEWELLYN2021-08-09
0012019-01-01
0012018-01-01
0012017-01-01CRAIG FRANKLIN CRAIG FRANKLIN2018-01-26
0012016-01-01CRAIG FRANKLIN CRAIG FRANKLIN2017-07-05
0012015-01-01CRAIG FRANKLIN CRAIG FRANKLIN2016-07-20
0012014-01-01CRAIG FRANKLIN CRAIG FRANKLIN2015-10-11
0012013-01-01CRAIG FRANKLIN2014-10-09 CRAIG FRANKLIN2014-10-09
0012012-01-01CRAIG FRANKLIN2013-07-22 CRAIG FRANKLIN2013-07-22
0012011-01-01CRAIG FRANKLIN2012-06-28 CRAIG FRANKLIN2012-06-28
0012010-01-01CRAIG FRANKLIN2011-10-11 CRAIG FRANKLIN2011-10-11

Plan Statistics for CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN

401k plan membership statisitcs for CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN

Measure Date Value
2019: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0111
Total number of active participants reported on line 7a of the Form 55002019-01-019
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-011
Total of all active and inactive participants2019-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0110
Number of participants with account balances2019-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0110
Total number of active participants reported on line 7a of the Form 55002018-01-0110
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0111
Number of participants with account balances2018-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0111
Total number of active participants reported on line 7a of the Form 55002017-01-019
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-011
Total of all active and inactive participants2017-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0110
Number of participants with account balances2017-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0110
Total number of active participants reported on line 7a of the Form 55002016-01-017
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-012
Total of all active and inactive participants2016-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-019
Number of participants with account balances2016-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-012
2015: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-018
Total number of active participants reported on line 7a of the Form 55002015-01-017
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-018
Number of participants with account balances2015-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-018
Total number of active participants reported on line 7a of the Form 55002014-01-018
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-018
Number of participants with account balances2014-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN

Measure Date Value
2019 : CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$249,865
Expenses. Total of all expenses incurred2019-12-31$3,540
Total plan assets at end of year2019-12-31$865,088
Total plan assets at beginning of year2019-12-31$618,763
Total contributions received or receivable from participants2019-12-31$99,579
Other income received2019-12-31$116,422
Net income (gross income less expenses)2019-12-31$246,325
Net plan assets at end of year (total assets less liabilities)2019-12-31$865,088
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$618,763
Total contributions received or receivable from employer(s)2019-12-31$33,864
Value of certain deemed distributions of participant loans2019-12-31$64
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$3,476
2018 : CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$74,044
Expenses. Total of all expenses incurred2018-12-31$2,370
Total plan assets at end of year2018-12-31$618,763
Total plan assets at beginning of year2018-12-31$547,089
Value of fidelity bond covering the plan2018-12-31$45,000
Total contributions received or receivable from participants2018-12-31$75,757
Other income received2018-12-31$-32,673
Net income (gross income less expenses)2018-12-31$71,674
Net plan assets at end of year (total assets less liabilities)2018-12-31$618,763
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$547,089
Assets. Value of participant loans2018-12-31$61,776
Total contributions received or receivable from employer(s)2018-12-31$30,960
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$2,370
2017 : CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$101,803
Expenses. Total of all expenses incurred2017-12-31$8,636
Benefits paid (including direct rollovers)2017-12-31$7,313
Total plan assets at end of year2017-12-31$547,089
Total plan assets at beginning of year2017-12-31$453,922
Value of fidelity bond covering the plan2017-12-31$45,000
Total contributions received or receivable from participants2017-12-31$61,212
Other income received2017-12-31$-16,778
Net income (gross income less expenses)2017-12-31$93,167
Net plan assets at end of year (total assets less liabilities)2017-12-31$547,089
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$453,922
Assets. Value of participant loans2017-12-31$68,812
Total contributions received or receivable from employer(s)2017-12-31$57,369
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$1,323
2016 : CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$109,173
Expenses. Total of all expenses incurred2016-12-31$15,104
Benefits paid (including direct rollovers)2016-12-31$4,126
Total plan assets at end of year2016-12-31$453,922
Total plan assets at beginning of year2016-12-31$359,853
Value of fidelity bond covering the plan2016-12-31$35,000
Total contributions received or receivable from participants2016-12-31$57,943
Other income received2016-12-31$-34,351
Net income (gross income less expenses)2016-12-31$94,069
Net plan assets at end of year (total assets less liabilities)2016-12-31$453,922
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$359,853
Assets. Value of participant loans2016-12-31$42,019
Total contributions received or receivable from employer(s)2016-12-31$85,581
Value of certain deemed distributions of participant loans2016-12-31$10,978
2015 : CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$36,459
Expenses. Total of all expenses incurred2015-12-31$25,459
Benefits paid (including direct rollovers)2015-12-31$25,391
Total plan assets at end of year2015-12-31$359,853
Total plan assets at beginning of year2015-12-31$348,853
Value of fidelity bond covering the plan2015-12-31$35,000
Total contributions received or receivable from participants2015-12-31$48,199
Other income received2015-12-31$-33,112
Net income (gross income less expenses)2015-12-31$11,000
Net plan assets at end of year (total assets less liabilities)2015-12-31$359,853
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$348,853
Assets. Value of participant loans2015-12-31$19,617
Total contributions received or receivable from employer(s)2015-12-31$21,372
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$68
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$63,033
Expenses. Total of all expenses incurred2014-12-31$7,542
Benefits paid (including direct rollovers)2014-12-31$7,484
Total plan assets at end of year2014-12-31$348,853
Total plan assets at beginning of year2014-12-31$293,362
Value of fidelity bond covering the plan2014-12-31$35,000
Total contributions received or receivable from participants2014-12-31$30,928
Assets. Value of loans (other than to participants)2014-12-31$28,875
Contributions received from other sources (not participants or employers)2014-12-31$10,683
Other income received2014-12-31$1,120
Net income (gross income less expenses)2014-12-31$55,491
Net plan assets at end of year (total assets less liabilities)2014-12-31$348,853
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$293,362
Total contributions received or receivable from employer(s)2014-12-31$20,302
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$58
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0

Form 5500 Responses for CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN

2019: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
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: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: CRAIG FRANKLIN, CPA, P.C. PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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