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THE DESIGN COUNCIL, LTD 401(K) PLAN & TRUST 401k Plan overview

Plan NameTHE DESIGN COUNCIL, LTD 401(K) PLAN & TRUST
Plan identification number 001

THE DESIGN COUNCIL, LTD 401(K) PLAN & TRUST 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.
  • 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

THE DESIGN COUNCIL, LTD has sponsored the creation of one or more 401k plans.

Company Name:THE DESIGN COUNCIL, LTD
Employer identification number (EIN):133343554
NAIC Classification:541400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE DESIGN COUNCIL, LTD 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JOE CASTALDO2024-02-12 JOE CASTALDO2024-02-12
0012022-01-01JOE CASTALDO2024-02-12
0012021-01-01CLAUDIA DOMINGUEZ2022-07-14
0012020-01-01CLAUDIA DOMINGUEZ2021-11-05
0012020-01-01CLAUDIA DOMINGUEZ2021-12-29
0012019-01-01CLAUDIA DOMINGUEZ2020-10-15
0012018-01-01CLAUDIA DOMINGUEZ2019-06-21
0012017-01-01CLAUDIA DOMINGUEZ2018-06-11
0012016-01-01CLAUDIA DOMINGUEZ2017-06-19
0012015-01-01CLAUDIA DOMINGUEZ2016-11-11
0012014-01-01CLAUDIA DOMINGUEZ2015-09-14
0012013-01-01CLAUDIA DOMINGUEZ2015-09-14
0012012-01-01ANGIE PORSKIEVIES2013-05-15 JOE CASTALDO2013-05-15
0012011-01-01ANGIE PORSKIEVIES2012-10-10 JOE CASTALDO2012-10-10
0012010-01-01ANGIE PORSKIEVIES2011-08-24
0012009-01-01ANGIE PORSKIEVIES2011-08-24

Financial Data on THE DESIGN COUNCIL, LTD 401(K) PLAN & TRUST

Measure Date Value
2008 : THE DESIGN COUNCIL, LTD 401(K) PLAN & TRUST 2008 401k financial data
Transfers to/from the plan2008-12-31$0
Total plan liabilities at end of year2008-12-31$0
Total plan liabilities at beginning of year2008-12-31$0
Total income from all sources2008-12-31$-543,906
Expenses. Total of all expenses incurred2008-12-31$272,343
Benefits paid (including direct rollovers)2008-12-31$249,586
Total plan assets at end of year2008-12-31$1,555,963
Total plan assets at beginning of year2008-12-31$2,372,212
Value of fidelity bond covering the plan2008-12-31$20,000
Total contributions received or receivable from participants2008-12-31$58,929
Expenses. Other expenses not covered elsewhere2008-12-31$22,757
Contributions received from other sources (not participants or employers)2008-12-31$0
Other income received2008-12-31$-609,645
Noncash contributions received2008-12-31$0
Net income (gross income less expenses)2008-12-31$-816,249
Net plan assets at end of year (total assets less liabilities)2008-12-31$1,555,963
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$2,372,212
Total contributions received or receivable from employer(s)2008-12-31$6,810
Value of certain deemed distributions of participant loans2008-12-31$0
Value of corrective distributions2008-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2008-12-31$0

Potentially related plans

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