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NEW YORK INSTITUTE OF MASSAGE 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan NameNEW YORK INSTITUTE OF MASSAGE 401 K PROFIT SHARING PLAN TRUST
Plan identification number 001

NEW YORK INSTITUTE OF MASSAGE 401 K PROFIT SHARING PLAN TRUST 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

NEW YORK INSTITUTE OF MASSAGE has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK INSTITUTE OF MASSAGE
Employer identification number (EIN):161501956
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK INSTITUTE OF MASSAGE 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01DIANE B. DINSMORE2016-04-05
0012014-01-01DIANE B. DINSMORE2015-06-08
0012013-01-01DIANE B. DINSMORE2014-06-19
0012012-01-01DIANE B. DINSMORE
0012011-01-01NEW YORK INSTITUTE OF MASSAGE2012-06-06
0012010-01-01NEW YORK INSTITUTE OF MASSAGE2011-07-13

Plan Statistics for NEW YORK INSTITUTE OF MASSAGE 401 K PROFIT SHARING PLAN TRUST

401k plan membership statisitcs for NEW YORK INSTITUTE OF MASSAGE 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2012: NEW YORK INSTITUTE OF MASSAGE 401 K PROFIT SHARING PLAN TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-0120
Total number of active participants reported on line 7a of the Form 55002012-01-0124
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0125
Number of participants with account balances2012-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on NEW YORK INSTITUTE OF MASSAGE 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2012 : NEW YORK INSTITUTE OF MASSAGE 401 K PROFIT SHARING PLAN TRUST 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$50,510
Expenses. Total of all expenses incurred2012-12-31$304
Benefits paid (including direct rollovers)2012-12-31$219
Total plan assets at end of year2012-12-31$183,412
Total plan assets at beginning of year2012-12-31$133,206
Value of fidelity bond covering the plan2012-12-31$20,000
Total contributions received or receivable from participants2012-12-31$20,066
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$16,824
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$50,206
Net plan assets at end of year (total assets less liabilities)2012-12-31$183,412
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$133,206
Total contributions received or receivable from employer(s)2012-12-31$13,620
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$85

Form 5500 Responses for NEW YORK INSTITUTE OF MASSAGE 401 K PROFIT SHARING PLAN TRUST

2012: NEW YORK INSTITUTE OF MASSAGE 401 K PROFIT SHARING PLAN TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )
Policy contract number800192
Policy instance 1
Insurance contract or identification number800192
Number of Individuals Covered12
Insurance policy start date2012-01-13
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $618
Total amount of fees paid to insurance companyUSD $306
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $618
Insurance broker organization code?4
Amount paid for insurance broker fees251
Additional information about fees paid to insurance brokerTPA FEES & COMPENSATION
Insurance broker nameNORTHEAST BENEFIT SERVICES INC

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