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NG WEALTH ADVISORS, INC. 401(K) PLAN 401k Plan overview

Plan NameNG WEALTH ADVISORS, INC. 401(K) PLAN
Plan identification number 002

NG WEALTH ADVISORS, INC. 401(K) 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

NG WEALTH ADVISORS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NG WEALTH ADVISORS, INC.
Employer identification number (EIN):814873059
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NG WEALTH ADVISORS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022023-01-01EARL SANDERS
0022022-01-01
0022022-01-01EARL SANDERS
0022021-01-01
0022021-01-01SALLY NG
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01SALLY NG

Financial Data on NG WEALTH ADVISORS, INC. 401(K) PLAN

Measure Date Value
2023 : NG WEALTH ADVISORS, INC. 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$1,252,367
Expenses. Total of all expenses incurred2023-12-31$0
Benefits paid (including direct rollovers)2023-12-31$0
Total plan assets at end of year2023-12-31$6,132,022
Total plan assets at beginning of year2023-12-31$4,879,655
Total contributions received or receivable from participants2023-12-31$151,915
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$200,000
Other income received2023-12-31$885,223
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$1,252,367
Net plan assets at end of year (total assets less liabilities)2023-12-31$6,132,022
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$4,879,655
Total contributions received or receivable from employer(s)2023-12-31$15,229
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$0
2022 : NG WEALTH ADVISORS, INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-221,701
Expenses. Total of all expenses incurred2022-12-31$1,466
Benefits paid (including direct rollovers)2022-12-31$0
Total plan assets at end of year2022-12-31$4,879,655
Total plan assets at beginning of year2022-12-31$5,102,822
Total contributions received or receivable from participants2022-12-31$201,250
Contributions received from other sources (not participants or employers)2022-12-31$325,000
Other income received2022-12-31$-761,701
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-223,167
Net plan assets at end of year (total assets less liabilities)2022-12-31$4,879,655
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$5,102,822
Total contributions received or receivable from employer(s)2022-12-31$13,750
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$1,466
2021 : NG WEALTH ADVISORS, INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$906,707
Expenses. Total of all expenses incurred2021-12-31$22,864
Benefits paid (including direct rollovers)2021-12-31$21,144
Total plan assets at end of year2021-12-31$5,102,822
Total plan assets at beginning of year2021-12-31$4,218,979
Total contributions received or receivable from participants2021-12-31$171,839
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$100,000
Other income received2021-12-31$622,393
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$883,843
Net plan assets at end of year (total assets less liabilities)2021-12-31$5,102,822
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$4,218,979
Total contributions received or receivable from employer(s)2021-12-31$12,475
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$1,720
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : NG WEALTH ADVISORS, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources2020-12-31$2,255,861
Expenses. Total of all expenses incurred2020-12-31$1,465
Total plan assets at end of year2020-12-31$4,218,979
Total plan assets at beginning of year2020-12-31$1,964,583
Total contributions received or receivable from participants2020-12-31$45,000
Contributions received from other sources (not participants or employers)2020-12-31$1,948,000
Other income received2020-12-31$223,730
Net income (gross income less expenses)2020-12-31$2,254,396
Net plan assets at end of year (total assets less liabilities)2020-12-31$4,218,979
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,964,583
Total contributions received or receivable from employer(s)2020-12-31$39,131
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$1,465
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : NG WEALTH ADVISORS, INC. 401(K) PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$360,511
Expenses. Total of all expenses incurred2019-12-31$1,393
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$1,964,583
Total plan assets at beginning of year2019-12-31$1,605,465
Total contributions received or receivable from participants2019-12-31$44,100
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$298,907
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$359,118
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,964,583
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,605,465
Total contributions received or receivable from employer(s)2019-12-31$17,504
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$1,393
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : NG WEALTH ADVISORS, INC. 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$-68,972
Expenses. Total of all expenses incurred2018-12-31$24,332
Benefits paid (including direct rollovers)2018-12-31$22,707
Total plan assets at end of year2018-12-31$1,605,465
Total plan assets at beginning of year2018-12-31$1,698,769
Total contributions received or receivable from participants2018-12-31$42,600
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-175,655
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-93,304
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,605,465
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,698,769
Total contributions received or receivable from employer(s)2018-12-31$64,083
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$1,625
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : NG WEALTH ADVISORS, INC. 401(K) PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$247,561
Expenses. Total of all expenses incurred2017-12-31$29,831
Benefits paid (including direct rollovers)2017-12-31$28,033
Total plan assets at end of year2017-12-31$1,698,769
Total plan assets at beginning of year2017-12-31$1,481,039
Total contributions received or receivable from participants2017-12-31$36,800
Contributions received from other sources (not participants or employers)2017-12-31$10,693
Other income received2017-12-31$158,230
Net income (gross income less expenses)2017-12-31$217,730
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,698,769
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,481,039
Total contributions received or receivable from employer(s)2017-12-31$41,838
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$1,798
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0

Form 5500 Responses for NG WEALTH ADVISORS, INC. 401(K) PLAN

2023: NG WEALTH ADVISORS, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
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: NG WEALTH ADVISORS, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
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: NG WEALTH ADVISORS, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
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: NG WEALTH ADVISORS, INC. 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: NG WEALTH ADVISORS, INC. 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: NG WEALTH ADVISORS, INC. 401(K) 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 – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: NG WEALTH ADVISORS, INC. 401(K) 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 – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number8241139
Policy instance 1
Insurance contract or identification number8241139
Number of Individuals Covered1
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?1
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number8241139
Policy instance 1
SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number8241139
Policy instance 1
SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number8241139
Policy instance 1
SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number8241139
Policy instance 1
SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number8241139
Policy instance 1
SUN LIFE ASSURANCE COMPANY OF CANADA (National Association of Insurance Commissioners NAIC id number: 80802 )
Policy contract number8241139
Policy instance 1

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