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OAKS TAX & ACCOUNTING, INC. 401(K) PLAN 401k Plan overview

Plan NameOAKS TAX & ACCOUNTING, INC. 401(K) PLAN
Plan identification number 001

OAKS TAX & ACCOUNTING, 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.
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

OAKS TAX & ACCOUNTING, INC. has sponsored the creation of one or more 401k plans.

Company Name:OAKS TAX & ACCOUNTING, INC.
Employer identification number (EIN):842604118
NAIC Classification:541213
NAIC Description:Tax Preparation Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OAKS TAX & ACCOUNTING, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01QIAN LIU2024-05-10
0012022-09-12CHRISTINE RIMER2023-05-28

Financial Data on OAKS TAX & ACCOUNTING, INC. 401(K) PLAN

Measure Date Value
2025 : OAKS TAX & ACCOUNTING, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-180
Total liabilities as of the end of the plan year2025-06-180
Total liabilities as of the beginning of the plan year2025-06-180
Total expenses incurred by plan in this plan year2025-06-18208
Net assets as of the end of the plan year2025-06-18102611
Total assets as of the beginning of the plan year2025-06-1874088
Value of plan covered by a fidelity bond2025-06-18917471694
Participant contributions to plan in this plan year2025-06-1810134
Other expenses paid from plan in this plan year2025-06-180
Other contributions to plan in this plan year2025-06-180
Other income to plan in this plan year2025-06-189995
Plan net income in this plan year2025-06-1828523
Net assets as of the end of the plan year2025-06-18102611
Net assets as of the beginning of the plan year2025-06-1874088
Value of contributions failed to transmitted timely2025-06-180
Employer contributions to plan in this plan year2025-06-188602
Fees paid to broker by Benefit Provider2025-06-180
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-18208
2024 : OAKS TAX & ACCOUNTING, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-05-100
Total liabilities as of the end of the plan year2024-05-100
Total liabilities as of the beginning of the plan year2024-05-100
Total expenses incurred by plan in this plan year2024-05-105413
Net assets as of the end of the plan year2024-05-1074088
Total assets as of the beginning of the plan year2024-05-1016826
Value of plan covered by a fidelity bond2024-05-10705050000
Participant contributions to plan in this plan year2024-05-1031432
Other expenses paid from plan in this plan year2024-05-100
Other contributions to plan in this plan year2024-05-100
Other income to plan in this plan year2024-05-107553
Plan net income in this plan year2024-05-1057262
Net assets as of the end of the plan year2024-05-1074088
Net assets as of the beginning of the plan year2024-05-1016826
Value of contributions failed to transmitted timely2024-05-100
Employer contributions to plan in this plan year2024-05-1023690
Fees paid to broker by Benefit Provider2024-05-100
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-1083
2023 : OAKS TAX & ACCOUNTING, INC. 401(K) PLAN 2023 401k financial data
Total transfers to/from plan in this plan year2023-05-280
Total liabilities as of the end of the plan year2023-05-280
Total liabilities as of the beginning of the plan year2023-05-280
Total expenses incurred by plan in this plan year2023-05-284
Net assets as of the end of the plan year2023-05-2816826
Total assets as of the beginning of the plan year2023-05-280
Value of plan covered by a fidelity bond2023-05-28441000000
Participant contributions to plan in this plan year2023-05-289485
Other expenses paid from plan in this plan year2023-05-280
Other contributions to plan in this plan year2023-05-280
Other income to plan in this plan year2023-05-28301
Plan net income in this plan year2023-05-2816826
Net assets as of the end of the plan year2023-05-2816826
Net assets as of the beginning of the plan year2023-05-280
Value of contributions failed to transmitted timely2023-05-280
Employer contributions to plan in this plan year2023-05-287044
Fees paid to broker by Benefit Provider2023-05-280
Expensese paid to adminstrative service provicers from plan in this plan year2023-05-284

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