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PROFIT SHARING PLAN OF BERMAN BROS., INC. 401k Plan overview

Plan NamePROFIT SHARING PLAN OF BERMAN BROS., INC.
Plan identification number 001

PROFIT SHARING PLAN OF BERMAN BROS., INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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

BERMAN BROS., INC. has sponsored the creation of one or more 401k plans.

Company Name:BERMAN BROS., INC.
Employer identification number (EIN):590869095
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Additional information about BERMAN BROS., INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1959-04-20
Company Identification Number: 222749
Legal Registered Office Address: 2500 EVERGREEN AVE.

JACKSONVILLE

32206

More information about BERMAN BROS., INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFIT SHARING PLAN OF BERMAN BROS., INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ROCHELLE STODDARD2024-07-01
0012022-01-01ROCHELLE STODDARD2023-07-31
0012021-01-01ROCHELLE STODDARD2022-05-31
0012020-01-01ROCHELLE STODDARD2021-05-17
0012019-01-01ROCHELLE STODDARD2020-03-24
0012018-01-01ROCHELLE STODDARD2019-04-08
0012017-01-01ROCHELLE STODDARD2018-04-09
0012016-01-01ROCHELLE STODDARD2017-03-06
0012015-01-01CHARLES BERMAN2016-05-03
0012014-01-01CHARLES BERMAN2015-06-29
0012013-01-01CHARLES BERMAN2014-04-21
0012012-01-01CHARLES BERMAN2013-03-25
0012011-01-01CHARLES BERMAN2012-03-05
0012009-01-01CHARLES BERMAN

Plan Statistics for PROFIT SHARING PLAN OF BERMAN BROS., INC.

401k plan membership statisitcs for PROFIT SHARING PLAN OF BERMAN BROS., INC.

Measure Date Value
2009: PROFIT SHARING PLAN OF BERMAN BROS., INC. 2009 401k membership
Total participants, beginning-of-year2009-01-0183
Total number of active participants reported on line 7a of the Form 55002009-01-0149
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0133
Total of all active and inactive participants2009-01-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0182
Number of participants with account balances2009-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on PROFIT SHARING PLAN OF BERMAN BROS., INC.

Measure Date Value
2010 : PROFIT SHARING PLAN OF BERMAN BROS., INC. 2010 401k financial data
Total income from all sources2010-12-31$1,145,914
Expenses. Total of all expenses incurred2010-12-31$208,543
Benefits paid (including direct rollovers)2010-12-31$157,824
Total plan assets at end of year2010-12-31$6,139,178
Total plan assets at beginning of year2010-12-31$5,201,807
Value of fidelity bond covering the plan2010-12-31$457,000
Other income received2010-12-31$820,914
Net income (gross income less expenses)2010-12-31$937,371
Net plan assets at end of year (total assets less liabilities)2010-12-31$6,139,178
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$5,201,807
Total contributions received or receivable from employer(s)2010-12-31$325,000
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$50,719
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : PROFIT SHARING PLAN OF BERMAN BROS., INC. 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for PROFIT SHARING PLAN OF BERMAN BROS., INC.

2009: PROFIT SHARING PLAN OF BERMAN BROS., INC. 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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