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THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 401k Plan overview

Plan NameTHE NEW METHOD MONTCLAIR INC. 401(K) PLAN
Plan identification number 001

THE NEW METHOD MONTCLAIR 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.
  • 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

THE NEW METHOD MONTCLAIR INC. has sponsored the creation of one or more 401k plans.

Company Name:THE NEW METHOD MONTCLAIR INC.
Employer identification number (EIN):833651919
NAIC Classification:713900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE NEW METHOD MONTCLAIR INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-02-21

Plan Statistics for THE NEW METHOD MONTCLAIR INC. 401(K) PLAN

401k plan membership statisitcs for THE NEW METHOD MONTCLAIR INC. 401(K) PLAN

Measure Date Value
2023: THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0113
Total number of active participants reported on line 7a of the Form 55002023-01-0113
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0113
Number of participants with account balances2023-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-012
Total number of active participants reported on line 7a of the Form 55002022-01-012
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-012
Number of participants with account balances2022-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-012
Total number of active participants reported on line 7a of the Form 55002021-01-012
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-012
Number of participants with account balances2021-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-011
Total number of active participants reported on line 7a of the Form 55002020-01-011
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-011
Number of participants with account balances2020-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-02-210
Total number of active participants reported on line 7a of the Form 55002019-02-211
Number of retired or separated participants receiving benefits2019-02-210
Number of other retired or separated participants entitled to future benefits2019-02-210
Total of all active and inactive participants2019-02-211
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-02-210
Total participants2019-02-211
Number of participants with account balances2019-02-211
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-02-210

Financial Data on THE NEW METHOD MONTCLAIR INC. 401(K) PLAN

Measure Date Value
2023 : THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$343,386
Expenses. Total of all expenses incurred2023-12-31$0
Benefits paid (including direct rollovers)2023-12-31$0
Total plan assets at end of year2023-12-31$480,017
Total plan assets at beginning of year2023-12-31$136,631
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$343,386
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$343,386
Net plan assets at end of year (total assets less liabilities)2023-12-31$480,017
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$136,631
Assets. Value of employer securities2023-12-31$407,880
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$0
2022 : THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$101,614
Expenses. Total of all expenses incurred2022-12-31$3,250
Benefits paid (including direct rollovers)2022-12-31$3,250
Total plan assets at end of year2022-12-31$136,631
Total plan assets at beginning of year2022-12-31$38,267
Total contributions received or receivable from participants2022-12-31$27,000
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$74,614
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$98,364
Net plan assets at end of year (total assets less liabilities)2022-12-31$136,631
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$38,267
Assets. Value of employer securities2022-12-31$95,127
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$8,055
Expenses. Total of all expenses incurred2021-12-31$0
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$58,643
Total plan assets at beginning of year2021-12-31$50,588
Total contributions received or receivable from participants2021-12-31$9,000
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$-16,445
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$8,055
Net plan assets at end of year (total assets less liabilities)2021-12-31$58,643
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$50,588
Assets. Value of employer securities2021-12-31$10,655
Total contributions received or receivable from employer(s)2021-12-31$15,500
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
2020 : THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2020 401k financial data
Total income from all sources2020-12-31$-22,724
Expenses. Total of all expenses incurred2020-12-31$0
Total plan assets at end of year2020-12-31$50,581
Total plan assets at beginning of year2020-12-31$73,305
Total contributions received or receivable from participants2020-12-31$3,500
Other income received2020-12-31$-33,224
Net income (gross income less expenses)2020-12-31$-22,724
Net plan assets at end of year (total assets less liabilities)2020-12-31$50,581
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$73,305
Assets. Value of employer securities2020-12-31$31,512
Total contributions received or receivable from employer(s)2020-12-31$7,000
2019 : THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2019 401k financial data
Total income from all sources2019-12-31$73,462
Expenses. Total of all expenses incurred2019-12-31$157
Total plan assets at end of year2019-12-31$73,305
Total plan assets at beginning of year2019-12-31$0
Total contributions received or receivable from participants2019-12-31$5,000
Expenses. Other expenses not covered elsewhere2019-12-31$157
Contributions received from other sources (not participants or employers)2019-12-31$87,816
Other income received2019-12-31$-19,354
Net income (gross income less expenses)2019-12-31$73,305
Net plan assets at end of year (total assets less liabilities)2019-12-31$73,305
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Assets. Value of employer securities2019-12-31$67,450

Form 5500 Responses for THE NEW METHOD MONTCLAIR INC. 401(K) PLAN

2023: THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE NEW METHOD MONTCLAIR INC. 401(K) PLAN 2019 form 5500 responses
2019-02-21Type of plan entitySingle employer plan
2019-02-21First time form 5500 has been submittedYes
2019-02-21Submission has been amendedNo
2019-02-21This submission is the final filingNo
2019-02-21This return/report is a short plan year return/report (less than 12 months)Yes
2019-02-21Plan is a collectively bargained planNo
2019-02-21Plan funding arrangement – TrustYes
2019-02-21Plan benefit arrangement - TrustYes

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