401k Plan data: CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN plan

CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN 401k Plan overview

Plan Name	CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN
Plan identification number	001

CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) 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.
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.
Plan covering Self-Employed individuals.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CARNEGIE WEALTH MANAGEMENT, LLC has sponsored the creation of one or more 401k plans.

Company Name: CARNEGIE WEALTH MANAGEMENT, LLC

Employer identification number (EIN): 822413873

NAIC Classification: 523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 SCOTT SHEFFER 2024-07-26
001 2022-01-01 SCOTT SHEFFER 2023-09-28
001 2018-01-01 SCOTT SHEFFER SCOTT SHEFFER 2019-05-05
001 2017-01-01 SCOTT SHEFFER SCOTT SHEFFER 2018-07-30

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01	SCOTT SHEFFER	2024-07-26
001	2022-01-01	SCOTT SHEFFER	2023-09-28
001	2018-01-01	SCOTT SHEFFER		SCOTT SHEFFER	2019-05-05
001	2017-01-01	SCOTT SHEFFER		SCOTT SHEFFER	2018-07-30

Plan Statistics for CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN

401k plan membership statisitcs for CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN

Measure Date Value
2018: CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 0
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 0
Number of participants with account balances 2018-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 4
Number of retired or separated participants receiving benefits 2017-01-01 1
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 1
Total participants 2017-01-01 6
Number of participants with account balances 2017-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0

Measure	Date	Value
2018: CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	0
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	0
Number of participants with account balances	2018-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	4
Number of retired or separated participants receiving benefits	2017-01-01	1
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	1
Total participants	2017-01-01	6
Number of participants with account balances	2017-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0

Financial Data on CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN

Measure	Date	Value
2018 : CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN 2018 401k financial data
Total plan liabilities at end of year	2018-11-30	$0
Total plan liabilities at beginning of year	2018-11-30	$300
Total income from all sources	2018-11-30	$28,996
Expenses. Total of all expenses incurred	2018-11-30	$1,253,794
Benefits paid (including direct rollovers)	2018-11-30	$1,253,774
Total plan assets at end of year	2018-11-30	$0
Total plan assets at beginning of year	2018-11-30	$1,225,098
Value of fidelity bond covering the plan	2018-11-30	$170,000
Total contributions received or receivable from participants	2018-11-30	$6,500
Other income received	2018-11-30	$22,496
Net income (gross income less expenses)	2018-11-30	$-1,224,798
Net plan assets at end of year (total assets less liabilities)	2018-11-30	$0
Net plan assets at beginning of year (total assets less liabilities)	2018-11-30	$1,224,798
Assets. Value of assets in partnership/joint-venture interests	2018-11-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-11-30	$20
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-11-30	$0
2017 : CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN 2017 401k financial data
Total plan liabilities at end of year	2017-12-31	$300
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$73,076
Expenses. Total of all expenses incurred	2017-12-31	$489,687
Benefits paid (including direct rollovers)	2017-12-31	$489,687
Total plan assets at end of year	2017-12-31	$1,225,098
Total plan assets at beginning of year	2017-12-31	$1,641,409
Value of fidelity bond covering the plan	2017-12-31	$170,000
Total contributions received or receivable from participants	2017-12-31	$22,494
Other income received	2017-12-31	$50,582
Net income (gross income less expenses)	2017-12-31	$-416,611
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$1,224,798
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$1,641,409
Assets. Value of assets in partnership/joint-venture interests	2017-12-31	$148,338
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0

Form 5500 Responses for CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN

2018: CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	Yes
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

CARNEGIE WEALTH MANAGEMENT, PROFIT SHARING 401(K) PLAN [EIN = 232686095]

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Company Name:	CARNEGIE WEALTH MANAGEMENT, LLC
Employer identification number (EIN):	822413873
NAIC Classification:	523900