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HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameHERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN
Plan identification number 001

HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 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).
  • Money purchase (other than target benefit)
  • Profit-sharing
  • 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.
  • 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

HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C. has sponsored the creation of one or more 401k plans.

Company Name:HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C.
Employer identification number (EIN):550596200
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SHELLY WHITE2024-10-15
0012022-01-01
0012021-01-01
0012020-01-01GREGORY D SILVERMAN2021-10-14 GREGORY D SILVERMAN2021-10-14
0012019-01-01GREGORY D SILVERMAN2020-10-14 GREGORY D SILVERMAN2020-10-14
0012018-01-01GREGORY D SILVERMAN2019-10-15 GREGORY D SILVERMAN2019-10-15
0012017-01-01
0012016-01-01
0012015-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01RICHARD S WILLIAMS
0012011-01-01RICHARD WILLIAMS
0012009-01-01AUBREY D CORMANY

Plan Statistics for HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN

Measure Date Value
2020: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0117
Total number of active participants reported on line 7a of the Form 55002020-01-0116
Number of other retired or separated participants entitled to future benefits2020-01-012
Total of all active and inactive participants2020-01-0118
Total participants2020-01-0118
Number of participants with account balances2020-01-0118
2019: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0117
Total number of active participants reported on line 7a of the Form 55002019-01-0116
Number of other retired or separated participants entitled to future benefits2019-01-011
Total of all active and inactive participants2019-01-0117
Total participants2019-01-0117
Number of participants with account balances2019-01-0117
2018: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0118
Total number of active participants reported on line 7a of the Form 55002018-01-0116
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-0117
Total participants2018-01-0117
Number of participants with account balances2018-01-0117
2017: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0117
Total number of active participants reported on line 7a of the Form 55002017-01-0117
Number of other retired or separated participants entitled to future benefits2017-01-011
Total of all active and inactive participants2017-01-0118
Total participants2017-01-0118
Number of participants with account balances2017-01-0118
2016: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0117
Total number of active participants reported on line 7a of the Form 55002016-01-0116
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-0117
Total participants2016-01-0117
Number of participants with account balances2016-01-0117
2015: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0116
Total number of active participants reported on line 7a of the Form 55002015-01-0116
Number of retired or separated participants receiving benefits2015-01-011
Total of all active and inactive participants2015-01-0117
Total participants2015-01-0117
Number of participants with account balances2015-01-0117
2014: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0117
Total number of active participants reported on line 7a of the Form 55002014-01-0115
Number of retired or separated participants receiving benefits2014-01-011
Total of all active and inactive participants2014-01-0116
Total participants2014-01-0116
Number of participants with account balances2014-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0116
Total number of active participants reported on line 7a of the Form 55002013-01-0116
Number of retired or separated participants receiving benefits2013-01-011
Total of all active and inactive participants2013-01-0117
Total participants2013-01-0117
Number of participants with account balances2013-01-0116
2012: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0116
Total number of active participants reported on line 7a of the Form 55002012-01-0116
Number of retired or separated participants receiving benefits2012-01-010
Total of all active and inactive participants2012-01-0116
Total participants2012-01-0116
Number of participants with account balances2012-01-0116
2011: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0115
Total number of active participants reported on line 7a of the Form 55002011-01-0115
Number of retired or separated participants receiving benefits2011-01-011
Total of all active and inactive participants2011-01-0116
Total participants2011-01-0116
Number of participants with account balances2011-01-0115
2009: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0114
Total number of active participants reported on line 7a of the Form 55002009-01-0114
Total of all active and inactive participants2009-01-0114
Total participants2009-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN

Measure Date Value
2020 : HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources2020-12-31$1,007,154
Expenses. Total of all expenses incurred2020-12-31$46,500
Benefits paid (including direct rollovers)2020-12-31$46,500
Total plan assets at end of year2020-12-31$7,752,953
Total plan assets at beginning of year2020-12-31$6,792,299
Value of fidelity bond covering the plan2020-12-31$2,000,000
Total contributions received or receivable from participants2020-12-31$140,359
Other income received2020-12-31$785,445
Net income (gross income less expenses)2020-12-31$960,654
Net plan assets at end of year (total assets less liabilities)2020-12-31$7,752,953
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$6,792,299
Assets. Value of participant loans2020-12-31$77,627
Total contributions received or receivable from employer(s)2020-12-31$81,350
2019 : HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$1,637,421
Expenses. Total of all expenses incurred2019-12-31$2,248,534
Benefits paid (including direct rollovers)2019-12-31$2,248,534
Total plan assets at end of year2019-12-31$6,792,299
Total plan assets at beginning of year2019-12-31$7,403,412
Total contributions received or receivable from participants2019-12-31$132,567
Other income received2019-12-31$1,456,658
Net income (gross income less expenses)2019-12-31$-611,113
Net plan assets at end of year (total assets less liabilities)2019-12-31$6,792,299
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$7,403,412
Assets. Value of participant loans2019-12-31$114,538
Total contributions received or receivable from employer(s)2019-12-31$48,196
2018 : HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$17,246
Expenses. Total of all expenses incurred2018-12-31$1,692,083
Benefits paid (including direct rollovers)2018-12-31$1,658,631
Total plan assets at end of year2018-12-31$7,403,412
Total plan assets at beginning of year2018-12-31$9,078,249
Total contributions received or receivable from participants2018-12-31$151,390
Contributions received from other sources (not participants or employers)2018-12-31$417,451
Other income received2018-12-31$-551,595
Net income (gross income less expenses)2018-12-31$-1,674,837
Net plan assets at end of year (total assets less liabilities)2018-12-31$7,403,412
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$9,078,249
Assets. Value of participant loans2018-12-31$134,920
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$33,452
2017 : HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$1,676,095
Expenses. Total of all expenses incurred2017-12-31$224,833
Benefits paid (including direct rollovers)2017-12-31$187,500
Total plan assets at end of year2017-12-31$9,078,249
Total plan assets at beginning of year2017-12-31$7,626,987
Total contributions received or receivable from participants2017-12-31$149,500
Contributions received from other sources (not participants or employers)2017-12-31$145,108
Other income received2017-12-31$1,278,231
Net income (gross income less expenses)2017-12-31$1,451,262
Net plan assets at end of year (total assets less liabilities)2017-12-31$9,078,249
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$7,626,987
Assets. Value of participant loans2017-12-31$213,121
Total contributions received or receivable from employer(s)2017-12-31$103,256
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$37,333
2016 : HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$870,642
Expenses. Total of all expenses incurred2016-12-31$140,514
Benefits paid (including direct rollovers)2016-12-31$107,056
Total plan assets at end of year2016-12-31$7,626,987
Total plan assets at beginning of year2016-12-31$6,896,859
Total contributions received or receivable from participants2016-12-31$137,447
Other income received2016-12-31$616,325
Net income (gross income less expenses)2016-12-31$730,128
Net plan assets at end of year (total assets less liabilities)2016-12-31$7,626,987
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$6,896,859
Assets. Value of participant loans2016-12-31$186,129
Total contributions received or receivable from employer(s)2016-12-31$116,870
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$33,458
2015 : HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$257,680
Expenses. Total of all expenses incurred2015-12-31$64,568
Benefits paid (including direct rollovers)2015-12-31$32,500
Total plan assets at end of year2015-12-31$6,896,859
Total plan assets at beginning of year2015-12-31$6,703,747
Total contributions received or receivable from participants2015-12-31$127,418
Other income received2015-12-31$-73,644
Net income (gross income less expenses)2015-12-31$193,112
Net plan assets at end of year (total assets less liabilities)2015-12-31$6,896,859
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$6,703,747
Assets. Value of participant loans2015-12-31$109,086
Total contributions received or receivable from employer(s)2015-12-31$203,906
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$32,068
2014 : HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$745,358
Expenses. Total of all expenses incurred2014-12-31$55,199
Benefits paid (including direct rollovers)2014-12-31$25,000
Total plan assets at end of year2014-12-31$6,703,747
Total plan assets at beginning of year2014-12-31$6,013,588
Total contributions received or receivable from participants2014-12-31$103,568
Other income received2014-12-31$445,523
Net income (gross income less expenses)2014-12-31$690,159
Net plan assets at end of year (total assets less liabilities)2014-12-31$6,703,747
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$6,013,588
Total contributions received or receivable from employer(s)2014-12-31$196,267
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$30,199
2013 : HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$1,330,496
Expenses. Total of all expenses incurred2013-12-31$1,519,937
Benefits paid (including direct rollovers)2013-12-31$1,490,065
Total plan assets at end of year2013-12-31$6,013,588
Total plan assets at beginning of year2013-12-31$6,203,029
Total contributions received or receivable from participants2013-12-31$102,866
Other income received2013-12-31$1,002,272
Net income (gross income less expenses)2013-12-31$-189,441
Net plan assets at end of year (total assets less liabilities)2013-12-31$6,013,588
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$6,203,029
Total contributions received or receivable from employer(s)2013-12-31$225,358
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$29,872
2012 : HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$565,559
Expenses. Total of all expenses incurred2012-12-31$181,332
Benefits paid (including direct rollovers)2012-12-31$147,765
Total plan assets at end of year2012-12-31$6,203,029
Total plan assets at beginning of year2012-12-31$5,818,802
Total contributions received or receivable from participants2012-12-31$120,615
Other income received2012-12-31$272,147
Net income (gross income less expenses)2012-12-31$384,227
Net plan assets at end of year (total assets less liabilities)2012-12-31$6,203,029
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$5,818,802
Assets. Value of participant loans2012-12-31$5,950
Total contributions received or receivable from employer(s)2012-12-31$172,797
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$33,567
2011 : HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$456,951
Expenses. Total of all expenses incurred2011-12-31$319,124
Benefits paid (including direct rollovers)2011-12-31$289,200
Total plan assets at end of year2011-12-31$5,818,802
Total plan assets at beginning of year2011-12-31$5,680,975
Total contributions received or receivable from participants2011-12-31$132,526
Other income received2011-12-31$125,777
Net income (gross income less expenses)2011-12-31$137,827
Net plan assets at end of year (total assets less liabilities)2011-12-31$5,818,802
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$5,680,975
Assets. Value of participant loans2011-12-31$10,750
Total contributions received or receivable from employer(s)2011-12-31$198,648
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$29,924
2010 : HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$673,432
Total plan assets at end of year2010-12-31$5,680,975
Total plan assets at beginning of year2010-12-31$5,007,543
Total contributions received or receivable from participants2010-12-31$131,184
Other income received2010-12-31$354,470
Net income (gross income less expenses)2010-12-31$673,432
Net plan assets at end of year (total assets less liabilities)2010-12-31$5,680,975
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$5,007,543
Assets. Value of participant loans2010-12-31$15,500
Total contributions received or receivable from employer(s)2010-12-31$187,778

Form 5500 Responses for HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN

2020: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: HERMAN & CORMANY CERTIFIED PUBLIC ACCOUNTANTS, A.C., 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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