401k Plan data: MCSHERRY & HUDSON 401(K) PROFIT SHARING PLAN AND TRUST plan

MCSHERRY & HUDSON 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan Name	MCSHERRY & HUDSON 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number	004

MCSHERRY & HUDSON 401(K) PROFIT SHARING PLAN AND TRUST Benefits

401k Plan Type

Defined 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.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan covering Self-Employed individuals.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MCSHERRY & HUDSON, LLC has sponsored the creation of one or more 401k plans.

Company Name: MCSHERRY & HUDSON, LLC

Employer identification number (EIN): 830681934

NAIC Classification: 524210
NAIC Description: Insurance Agencies and Brokerages

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MCSHERRY & HUDSON 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
004 2022-01-01
004 2021-01-01 DAVID J. BACHAN 2022-05-03 DAVID J. BACHAN 2022-05-03
004 2020-01-01 DAVID J. BACHAN 2021-06-30 DAVID J. BACHAN 2021-06-30

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
004	2022-01-01
004	2021-01-01	DAVID J. BACHAN	2022-05-03	DAVID J. BACHAN	2022-05-03
004	2020-01-01	DAVID J. BACHAN	2021-06-30	DAVID J. BACHAN	2021-06-30

Financial Data on MCSHERRY & HUDSON 401(K) PROFIT SHARING PLAN AND TRUST

Measure	Date	Value
2021 : MCSHERRY & HUDSON 401(K) PROFIT SHARING PLAN AND TRUST 2021 401k financial data
Total plan liabilities at end of year	2021-12-31	$65,763
Total plan liabilities at beginning of year	2021-12-31	$399
Total income from all sources	2021-12-31	$730,329
Expenses. Total of all expenses incurred	2021-12-31	$2,315,865
Benefits paid (including direct rollovers)	2021-12-31	$2,306,083
Total plan assets at end of year	2021-12-31	$3,990,508
Total plan assets at beginning of year	2021-12-31	$5,510,680
Value of fidelity bond covering the plan	2021-12-31	$1,000,000
Total contributions received or receivable from participants	2021-12-31	$134,823
Other income received	2021-12-31	$466,320
Net income (gross income less expenses)	2021-12-31	$-1,585,536
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$3,924,745
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$5,510,281
Assets. Value of participant loans	2021-12-31	$0
Assets. Value of real-estate (other than employer real property)	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$129,186
Value of certain deemed distributions of participant loans	2021-12-31	$9,782
2020 : MCSHERRY & HUDSON 401(K) PROFIT SHARING PLAN AND TRUST 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$399
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$968,419
Expenses. Total of all expenses incurred	2020-12-31	$133,890
Benefits paid (including direct rollovers)	2020-12-31	$126,604
Total plan assets at end of year	2020-12-31	$5,510,680
Total plan assets at beginning of year	2020-12-31	$4,675,752
Value of fidelity bond covering the plan	2020-12-31	$1,000,000
Total contributions received or receivable from participants	2020-12-31	$188,823
Other income received	2020-12-31	$593,977
Net income (gross income less expenses)	2020-12-31	$834,529
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$5,510,281
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$4,675,752
Assets. Value of participant loans	2020-12-31	$60,574
Assets. Value of real-estate (other than employer real property)	2020-12-31	$93,068
Total contributions received or receivable from employer(s)	2020-12-31	$185,619
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$7,286

Form 5500 Responses for MCSHERRY & HUDSON 401(K) PROFIT SHARING PLAN AND TRUST

2021: MCSHERRY & HUDSON 401(K) PROFIT SHARING PLAN AND TRUST 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: MCSHERRY & HUDSON 401(K) PROFIT SHARING PLAN AND TRUST 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number	816444
Policy instance	1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number	816444
Policy instance	1

Potentially related plans

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Company Name:	MCSHERRY & HUDSON, LLC
Employer identification number (EIN):	830681934
NAIC Classification:	524210
NAIC Description:	Insurance Agencies and Brokerages