PLAN PROFESSIONALS, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PREMIER 401(K) POOLED EMPLOYER PLAN
| Measure | Date | Value |
|---|
| 2023: PREMIER 401(K) POOLED EMPLOYER PLAN 2023 401k membership |
|---|
| Total participants, beginning-of-year | 2023-01-01 | 1,401 |
| Total number of active participants reported on line 7a of the Form 5500 | 2023-01-01 | 2,144 |
| Number of retired or separated participants receiving benefits | 2023-01-01 | 3 |
| Number of other retired or separated participants entitled to future benefits | 2023-01-01 | 109 |
| Total of all active and inactive participants | 2023-01-01 | 2,256 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2023-01-01 | 0 |
| Total participants | 2023-01-01 | 2,256 |
| Number of participants with account balances | 2023-01-01 | 494 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2023-01-01 | 2 |
| 2022: PREMIER 401(K) POOLED EMPLOYER PLAN 2022 401k membership |
|---|
| Total participants, beginning-of-year | 2022-05-15 | 64 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-05-15 | 68 |
| Number of retired or separated participants receiving benefits | 2022-05-15 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2022-05-15 | 1 |
| Total of all active and inactive participants | 2022-05-15 | 69 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-05-15 | 0 |
| Total participants | 2022-05-15 | 69 |
| Number of participants with account balances | 2022-05-15 | 52 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-05-15 | 0 |
| Measure | Date | Value |
|---|
| 2023 : PREMIER 401(K) POOLED EMPLOYER PLAN 2023 401k financial data |
|---|
| Transfers to/from the plan | 2023-12-31 | $7,589,850 |
| Total plan liabilities at end of year | 2023-12-31 | $2,848 |
| Total plan liabilities at beginning of year | 2023-12-31 | $0 |
| Total income from all sources | 2023-12-31 | $3,679,082 |
| Expenses. Total of all expenses incurred | 2023-12-31 | $663,492 |
| Benefits paid (including direct rollovers) | 2023-12-31 | $591,510 |
| Total plan assets at end of year | 2023-12-31 | $11,765,837 |
| Total plan assets at beginning of year | 2023-12-31 | $1,157,549 |
| Value of fidelity bond covering the plan | 2023-12-31 | $500,000 |
| Total contributions received or receivable from participants | 2023-12-31 | $1,189,273 |
| Contributions received from other sources (not participants or employers) | 2023-12-31 | $1,021,964 |
| Other income received | 2023-12-31 | $982,803 |
| Net income (gross income less expenses) | 2023-12-31 | $3,015,590 |
| Net plan assets at end of year (total assets less liabilities) | 2023-12-31 | $11,762,989 |
| Net plan assets at beginning of year (total assets less liabilities) | 2023-12-31 | $1,157,549 |
| Assets. Value of participant loans | 2023-12-31 | $241,200 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2023-12-31 | $2,381 |
| Total contributions received or receivable from employer(s) | 2023-12-31 | $485,042 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2023-12-31 | $71,982 |
| 2022 : PREMIER 401(K) POOLED EMPLOYER PLAN 2022 401k financial data |
|---|
| Transfers to/from the plan | 2022-12-31 | $999,234 |
| Total income from all sources | 2022-12-31 | $161,227 |
| Expenses. Total of all expenses incurred | 2022-12-31 | $2,912 |
| Total plan assets at end of year | 2022-12-31 | $1,157,549 |
| Value of fidelity bond covering the plan | 2022-12-31 | $200,000 |
| Total contributions received or receivable from participants | 2022-12-31 | $96,200 |
| Other income received | 2022-12-31 | $26,430 |
| Net income (gross income less expenses) | 2022-12-31 | $158,315 |
| Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $1,157,549 |
| Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $0 |
| Assets. Value of participant loans | 2022-12-31 | $39,724 |
| Total contributions received or receivable from employer(s) | 2022-12-31 | $38,597 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2022-12-31 | $2,912 |
| 2023: PREMIER 401(K) POOLED EMPLOYER PLAN 2023 form 5500 responses |
|---|
| 2023-01-01 | Type of plan entity | Mulitple employer plan |
| 2023-01-01 | Submission has been amended | No |
| 2023-01-01 | This submission is the final filing | No |
| 2023-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2023-01-01 | Plan is a collectively bargained plan | No |
| 2023-01-01 | Plan funding arrangement – Insurance | Yes |
| 2023-01-01 | Plan funding arrangement – Trust | Yes |
| 2023-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2023-01-01 | Plan benefit arrangement - Trust | Yes |
| 2022: PREMIER 401(K) POOLED EMPLOYER PLAN 2022 form 5500 responses |
|---|
| 2022-05-15 | Type of plan entity | Mulitple employer plan |
| 2022-05-15 | First time form 5500 has been submitted | Yes |
| 2022-05-15 | Submission has been amended | No |
| 2022-05-15 | This submission is the final filing | No |
| 2022-05-15 | This return/report is a short plan year return/report (less than 12 months) | Yes |
| 2022-05-15 | Plan is a collectively bargained plan | No |
| 2022-05-15 | Plan funding arrangement – Trust | Yes |
| 2022-05-15 | Plan benefit arrangement - Trust | Yes |
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