401k Plan data: THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN plan

THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN 401k Plan overview

Plan Name	THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN
Plan identification number	003

THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN 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.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

LONGO ASSOCIATES, INC. has sponsored the creation of one or more 401k plans.

Company Name: LONGO ASSOCIATES, INC.

Employer identification number (EIN): 221856806

NAIC Classification: 423400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2022-01-01 ELIZABETH LONGO 2022-10-14
003 2021-01-01 ELIZABETH LONGO 2022-04-17
003 2020-01-01
003 2019-01-01 ELIZABETH LONGO 2020-05-30
003 2018-01-01 ELIZABETH LONGO 2019-02-20
003 2017-01-01 ELIZABETH LONGO 2018-06-18
003 2016-01-01 ELIZABETH LONGO 2017-09-25
003 2015-01-01
003 2014-01-01
003 2013-01-01
003 2012-01-01 ELIZABETH LONGO 2013-08-27 ELIZABETH LONGO 2013-08-27
003 2011-01-01 ELIZABETH LONGO 2012-10-09 ELIZABETH LONGO 2012-10-09
003 2010-01-01 ELIZABETH LONGO 2011-07-29 ELIZABETH LONGO 2011-07-29

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2022-01-01	ELIZABETH LONGO	2022-10-14
003	2021-01-01	ELIZABETH LONGO	2022-04-17
003	2020-01-01
003	2019-01-01	ELIZABETH LONGO	2020-05-30
003	2018-01-01	ELIZABETH LONGO	2019-02-20
003	2017-01-01	ELIZABETH LONGO	2018-06-18
003	2016-01-01	ELIZABETH LONGO	2017-09-25
003	2015-01-01
003	2014-01-01
003	2013-01-01
003	2012-01-01	ELIZABETH LONGO	2013-08-27	ELIZABETH LONGO	2013-08-27
003	2011-01-01	ELIZABETH LONGO	2012-10-09	ELIZABETH LONGO	2012-10-09
003	2010-01-01	ELIZABETH LONGO	2011-07-29	ELIZABETH LONGO	2011-07-29

Plan Statistics for THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN

401k plan membership statisitcs for THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN

Measure Date Value
2020: THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 12
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 6
Total of all active and inactive participants 2020-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 18
Number of participants with account balances 2020-01-01 13
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 1

Measure	Date	Value
2020: THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	12
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	6
Total of all active and inactive participants	2020-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	18
Number of participants with account balances	2020-01-01	13
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	1

Financial Data on THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN

Measure	Date	Value
2020 : THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$1,269
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$182,696
Expenses. Total of all expenses incurred	2020-12-31	$50,550
Benefits paid (including direct rollovers)	2020-12-31	$47,104
Total plan assets at end of year	2020-12-31	$2,086,932
Total plan assets at beginning of year	2020-12-31	$1,953,517
Value of fidelity bond covering the plan	2020-12-31	$300,000
Total contributions received or receivable from participants	2020-12-31	$12,168
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$168,449
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$132,146
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$2,085,663
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$1,953,517
Total contributions received or receivable from employer(s)	2020-12-31	$2,079
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$3,446
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0

Form 5500 Responses for THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN

2020: THE LONGO ASSOCIATES EMPLOYEES' PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

813657

Policy instance

Insurance contract or identification number	813657
Number of Individuals Covered	10
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $6
Total amount of fees paid to insurance company	USD $1
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $6
Insurance broker organization code?	3
Amount paid for insurance broker fees	1
Additional information about fees paid to insurance broker	REFERRAL/SERVICE FEE

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	LONGO ASSOCIATES, INC.
Employer identification number (EIN):	221856806
NAIC Classification:	423400