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FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN 401k Plan overview

Plan NameFAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN
Plan identification number 001

FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN 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.
  • 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

FAR WEST PROPERTIES & FINANCIAL, INC. has sponsored the creation of one or more 401k plans.

Company Name:FAR WEST PROPERTIES & FINANCIAL, INC.
Employer identification number (EIN):264423940
NAIC Classification:531310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012014-01-01MICHELLE LUNG MICHELLE LUNG2015-10-13
0012013-01-01MICHELLE LUNG
0012012-01-01MICHELLE LUNG2013-07-01 MICHELLE LUNG2013-07-01
0012011-01-01MICHELLE LUNG2012-08-09
0012010-01-01MICHELLE LUNG2011-05-20

Plan Statistics for FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN

401k plan membership statisitcs for FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN

Measure Date Value
2014: FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-013
Total number of active participants reported on line 7a of the Form 55002014-01-013
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-013
Number of participants with account balances2014-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-013
Total number of active participants reported on line 7a of the Form 55002013-01-013
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-013
Number of participants with account balances2013-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010

Financial Data on FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN

Measure Date Value
2014 : FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources2014-12-31$6,093
Expenses. Total of all expenses incurred2014-12-31$0
Total plan assets at end of year2014-12-31$149,752
Total plan assets at beginning of year2014-12-31$143,659
Assets. Value of loans (other than to participants)2014-12-31$131,052
Other income received2014-12-31$6,093
Net income (gross income less expenses)2014-12-31$6,093
Net plan assets at end of year (total assets less liabilities)2014-12-31$149,752
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$143,659
2013 : FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN 2013 401k financial data
Total income from all sources2013-12-31$8,100
Expenses. Total of all expenses incurred2013-12-31$0
Total plan assets at end of year2013-12-31$143,659
Total plan assets at beginning of year2013-12-31$135,559
Assets. Value of loans (other than to participants)2013-12-31$131,052
Other income received2013-12-31$8,100
Net income (gross income less expenses)2013-12-31$8,100
Net plan assets at end of year (total assets less liabilities)2013-12-31$143,659
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$135,559

Form 5500 Responses for FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN

2014: FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FAR WEST PROPERTIES & FINANCIAL, INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes

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