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DESAI BUSINESS RETIREMENT PLAN 401k Plan overview

Plan NameDESAI BUSINESS RETIREMENT PLAN
Plan identification number 001

DESAI BUSINESS RETIREMENT 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.
  • 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

DESAI BUSINESS GROUP LLC has sponsored the creation of one or more 401k plans.

Company Name:DESAI BUSINESS GROUP LLC
Employer identification number (EIN):814188614
NAIC Classification:492110
NAIC Description:Couriers and Express Delivery Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DESAI BUSINESS RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01UTSAV DESAI2024-06-12
0012022-01-01UTSAV DESAI2023-09-29
0012021-01-01UTSAV DESAI2022-10-06
0012020-01-01UTSAV DESAI2021-09-02
0012019-01-01UTSAV DESAI2020-05-06
0012018-01-01UTSAV DESAI2019-10-03

Financial Data on DESAI BUSINESS RETIREMENT PLAN

Measure Date Value
2025 : DESAI BUSINESS RETIREMENT PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-07-300
Total liabilities as of the beginning of the plan year2025-07-300
Total expenses incurred by plan in this plan year2025-07-304119
Net assets as of the end of the plan year2025-07-30343140
Total assets as of the beginning of the plan year2025-07-30267499
Value of plan covered by a fidelity bond2025-07-3026750
Participant contributions to plan in this plan year2025-07-3040835
Other income to plan in this plan year2025-07-3035726
Plan net income in this plan year2025-07-3075641
Net assets as of the end of the plan year2025-07-30343140
Net assets as of the beginning of the plan year2025-07-30267499
Employer contributions to plan in this plan year2025-07-303199
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-30269
2024 : DESAI BUSINESS RETIREMENT PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-120
Total liabilities as of the end of the plan year2024-06-120
Total liabilities as of the beginning of the plan year2024-06-120
Total expenses incurred by plan in this plan year2024-06-12120
Net assets as of the end of the plan year2024-06-12267499
Total assets as of the beginning of the plan year2024-06-12195698
Participant contributions to plan in this plan year2024-06-1232538
Other expenses paid from plan in this plan year2024-06-120
Other contributions to plan in this plan year2024-06-120
Other income to plan in this plan year2024-06-1236650
Plan net income in this plan year2024-06-1271801
Net assets as of the end of the plan year2024-06-12267499
Net assets as of the beginning of the plan year2024-06-12195698
Employer contributions to plan in this plan year2024-06-122733
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-12120
2022 : DESAI BUSINESS RETIREMENT PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-060
Total liabilities as of the end of the plan year2022-10-060
Total liabilities as of the beginning of the plan year2022-10-060
Total expenses incurred by plan in this plan year2022-10-06288
Net assets as of the end of the plan year2022-10-06171101
Total assets as of the beginning of the plan year2022-10-06122546
Participant contributions to plan in this plan year2022-10-0627494
Other expenses paid from plan in this plan year2022-10-060
Other contributions to plan in this plan year2022-10-060
Other income to plan in this plan year2022-10-0620249
Plan net income in this plan year2022-10-0648555
Net assets as of the end of the plan year2022-10-06171101
Net assets as of the beginning of the plan year2022-10-06122546
Employer contributions to plan in this plan year2022-10-061100
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-06288

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