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PERMITS NOW INC 401k Plan overview

Plan NamePERMITS NOW INC
Plan identification number 001

PERMITS NOW INC Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

PERMITS NOW INC has sponsored the creation of one or more 401k plans.

Company Name:PERMITS NOW INC
Employer identification number (EIN):822494578
NAIC Classification:237100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PERMITS NOW INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SHIRLEY HORNER2024-09-04
0012022-01-01NICK RICE2023-05-25
0012021-01-01SHIRLEY HORNER2022-07-14

Financial Data on PERMITS NOW INC

Measure Date Value
2025 : PERMITS NOW INC 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-2022946
Net assets as of the end of the plan year2025-07-200
Total assets as of the beginning of the plan year2025-07-2016675
Value of plan covered by a fidelity bond2025-07-202000
Participant contributions to plan in this plan year2025-07-205432
Other income to plan in this plan year2025-07-20839
Plan net income in this plan year2025-07-20-16675
Net assets as of the end of the plan year2025-07-200
Net assets as of the beginning of the plan year2025-07-2016675
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-20130
2024 : PERMITS NOW INC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-0424797
Net assets as of the end of the plan year2024-09-0416675
Total assets as of the beginning of the plan year2024-09-0416541
Value of plan covered by a fidelity bond2024-09-042000
Participant contributions to plan in this plan year2024-09-0422497
Value of participant loans at end of plan year2024-09-040
Other income to plan in this plan year2024-09-042434
Plan net income in this plan year2024-09-04134
Net assets as of the end of the plan year2024-09-0416675
Net assets as of the beginning of the plan year2024-09-0416541
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-04218
2022 : PERMITS NOW INC 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-14250
Net assets as of the end of the plan year2022-07-1424690
Value of plan covered by a fidelity bond2022-07-141000
Participant contributions to plan in this plan year2022-07-1423685
Value of participant loans at end of plan year2022-07-149661
Other income to plan in this plan year2022-07-141255
Plan net income in this plan year2022-07-1424690
Net assets as of the end of the plan year2022-07-1424690
Net assets as of the beginning of the plan year2022-07-140
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-14250

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