PLAN PROFESSIONALS, LLC has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
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2022: BKS POOLED EMPLOYER PLAN 2022 401k membership |
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Total participants, beginning-of-year | 2022-01-01 | 14 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 35 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 1 |
Total of all active and inactive participants | 2022-01-01 | 36 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 36 |
Number of participants with account balances | 2022-01-01 | 12 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
2021: BKS POOLED EMPLOYER PLAN 2021 401k membership |
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Total participants, beginning-of-year | 2021-01-01 | 0 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 12 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 0 |
Total of all active and inactive participants | 2021-01-01 | 12 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
Total participants | 2021-01-01 | 12 |
Number of participants with account balances | 2021-01-01 | 4 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
Measure | Date | Value |
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2022 : BKS POOLED EMPLOYER PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total transfer of assets to this plan | 2022-12-31 | $39,887,291 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $762,314 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $5,124,768 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $4,975,086 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $57,844 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $4,291,968 |
Value of total assets at end of year | 2022-12-31 | $35,524,837 |
Value of total assets at beginning of year | 2022-12-31 | $0 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $91,838 |
Total interest from all sources | 2022-12-31 | $23,700 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
Transfers to/from the plan | 2022-12-31 | $66,489 |
Total income from all sources | 2022-12-31 | $115,202 |
Expenses. Total of all expenses incurred | 2022-12-31 | $38,561 |
Benefits paid (including direct rollovers) | 2022-12-31 | $37,224 |
Total plan assets at end of year | 2022-12-31 | $156,683 |
Total plan assets at beginning of year | 2022-12-31 | $13,553 |
Value of fidelity bond covering the plan | 2022-12-31 | $1,000,000 |
Total contributions received or receivable from participants | 2022-12-31 | $114,211 |
Contributions received from other sources (not participants or employers) | 2022-12-31 | $10,626 |
Other income received | 2022-12-31 | $-9,635 |
Net income (gross income less expenses) | 2022-12-31 | $76,641 |
Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $156,683 |
Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $13,553 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2022-12-31 | $1,337 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $2,669,965 |
Participant contributions at end of year | 2022-12-31 | $582,104 |
Participant contributions at end of year | 2022-12-31 | $16,358 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $382,570 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $1,112,354 |
Other income not declared elsewhere | 2022-12-31 | $98,040 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-4,362,454 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $35,524,837 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $0 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $91,838 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $5,834,035 |
Interest on participant loans | 2022-12-31 | $23,700 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $34,942,733 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $828,608 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $-3,651,394 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $1,239,433 |
Employer contributions (assets) at end of year | 2022-12-31 | $4,126 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $4,975,086 |
Contract administrator fees | 2022-12-31 | $102,507 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | TEMPLETON & COMPANY |
Accountancy firm EIN | 2022-12-31 | 141918990 |
2021 : BKS POOLED EMPLOYER PLAN 2021 401k financial data |
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Total income from all sources | 2021-12-31 | $13,564 |
Expenses. Total of all expenses incurred | 2021-12-31 | $11 |
Total plan assets at end of year | 2021-12-31 | $13,553 |
Total plan assets at beginning of year | 2021-12-31 | $0 |
Value of fidelity bond covering the plan | 2021-12-31 | $1,000,000 |
Total contributions received or receivable from participants | 2021-12-31 | $13,431 |
Other income received | 2021-12-31 | $133 |
Net income (gross income less expenses) | 2021-12-31 | $13,553 |
Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $13,553 |
Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $0 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2021-12-31 | $11 |