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FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameFARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN
Plan identification number 002

FARLEY & ASSOCIATES, INC. 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).
  • Profit-sharing
  • 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

FARLEY & ASSOCIATES, INC. has sponsored the creation of one or more 401k plans.

Company Name:FARLEY & ASSOCIATES, INC.
Employer identification number (EIN):860443608
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01RUSSELL J. SNOW, EA2022-08-24
0022021-01-01RUSSELL J. SNOW, EA2022-05-23
0022021-01-01RUSSELL J. SNOW, EA2022-05-23
0022020-01-01RUSSELL J. SNOW, EA2021-04-07
0022019-01-01RUSSELL J. SNOW, EA2020-05-06
0022018-01-01
0022017-01-01
0022016-01-01

Plan Statistics for FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN

Measure Date Value
2022: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-013
Total number of active participants reported on line 7a of the Form 55002022-01-010
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 participants2022-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-010
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-013
Total number of active participants reported on line 7a of the Form 55002021-01-013
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 participants2021-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-013
Number of participants with account balances2021-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-013
Total number of active participants reported on line 7a of the Form 55002020-01-013
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 participants2020-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-013
Number of participants with account balances2020-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-013
Total number of active participants reported on line 7a of the Form 55002019-01-013
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-013
Number of participants with account balances2019-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-013
Total number of active participants reported on line 7a of the Form 55002018-01-013
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-013
Number of participants with account balances2018-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-013
Total number of active participants reported on line 7a of the Form 55002017-01-013
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-013
Number of participants with account balances2017-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-013
Total number of active participants reported on line 7a of the Form 55002016-01-013
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-013
Number of participants with account balances2016-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN

Measure Date Value
2022 : FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2022 401k financial data
Transfers to/from the plan2022-06-09$0
Total plan liabilities at end of year2022-06-09$0
Total plan liabilities at beginning of year2022-06-09$0
Total income from all sources2022-06-09$-39
Expenses. Total of all expenses incurred2022-06-09$334,974
Benefits paid (including direct rollovers)2022-06-09$334,929
Total plan assets at end of year2022-06-09$0
Total plan assets at beginning of year2022-06-09$335,013
Value of fidelity bond covering the plan2022-06-09$262,200
Total contributions received or receivable from participants2022-06-09$0
Expenses. Other expenses not covered elsewhere2022-06-09$0
Contributions received from other sources (not participants or employers)2022-06-09$0
Other income received2022-06-09$-39
Noncash contributions received2022-06-09$0
Net income (gross income less expenses)2022-06-09$-335,013
Net plan assets at end of year (total assets less liabilities)2022-06-09$0
Net plan assets at beginning of year (total assets less liabilities)2022-06-09$335,013
Assets. Value of assets in partnership/joint-venture interests2022-06-09$0
Total contributions received or receivable from employer(s)2022-06-09$0
Value of certain deemed distributions of participant loans2022-06-09$0
Value of corrective distributions2022-06-09$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-06-09$45
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2022-06-09$65,185
2021 : FARLEY & ASSOCIATES, INC. PROFIT SHARING 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$81,239
Expenses. Total of all expenses incurred2021-12-31$7,893
Benefits paid (including direct rollovers)2021-12-31$7,893
Total plan assets at end of year2021-12-31$335,013
Total plan assets at beginning of year2021-12-31$261,667
Value of fidelity bond covering the plan2021-12-31$262,200
Total contributions received or receivable from participants2021-12-31$0
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$81,239
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$73,346
Net plan assets at end of year (total assets less liabilities)2021-12-31$335,013
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$261,667
Assets. Value of assets in partnership/joint-venture interests2021-12-31$65,185
Total contributions received or receivable from employer(s)2021-12-31$0
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$-286
Expenses. Total of all expenses incurred2020-12-31$38
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$261,667
Total plan assets at beginning of year2020-12-31$261,991
Value of fidelity bond covering the plan2020-12-31$262,200
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$-286
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-324
Net plan assets at end of year (total assets less liabilities)2020-12-31$261,667
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$261,991
Assets. Value of assets in partnership/joint-venture interests2020-12-31$260,742
Total contributions received or receivable from employer(s)2020-12-31$0
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$38
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$-20,043
Expenses. Total of all expenses incurred2019-12-31$8,330
Benefits paid (including direct rollovers)2019-12-31$8,285
Total plan assets at end of year2019-12-31$261,991
Total plan assets at beginning of year2019-12-31$290,364
Value of fidelity bond covering the plan2019-12-31$300,000
Total contributions received or receivable from participants2019-12-31$0
Assets. Value of loans (other than to participants)2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$-28,343
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$-28,373
Net plan assets at end of year (total assets less liabilities)2019-12-31$261,991
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$290,364
Assets. Value of assets in partnership/joint-venture interests2019-12-31$260,742
Total contributions received or receivable from employer(s)2019-12-31$8,300
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$45
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$8,067
Expenses. Total of all expenses incurred2018-12-31$8,358
Benefits paid (including direct rollovers)2018-12-31$8,358
Total plan assets at end of year2018-12-31$290,364
Total plan assets at beginning of year2018-12-31$290,655
Value of fidelity bond covering the plan2018-12-31$300,000
Total contributions received or receivable from participants2018-12-31$0
Assets. Value of loans (other than to participants)2018-12-31$12,500
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-333
Net income (gross income less expenses)2018-12-31$-291
Net plan assets at end of year (total assets less liabilities)2018-12-31$290,364
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$290,655
Assets. Value of assets in partnership/joint-venture interests2018-12-31$275,742
Total contributions received or receivable from employer(s)2018-12-31$8,400
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$-617,711
Expenses. Total of all expenses incurred2017-12-31$26,140
Benefits paid (including direct rollovers)2017-12-31$26,095
Total plan assets at end of year2017-12-31$290,655
Total plan assets at beginning of year2017-12-31$934,506
Value of fidelity bond covering the plan2017-12-31$300,000
Total contributions received or receivable from participants2017-12-31$0
Assets. Value of loans (other than to participants)2017-12-31$12,500
Expenses. Other expenses not covered elsewhere2017-12-31$45
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$-617,711
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$-643,851
Net plan assets at end of year (total assets less liabilities)2017-12-31$290,655
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$934,506
Assets. Value of participant loans2017-12-31$0
Assets. Value of assets in partnership/joint-venture interests2017-12-31$275,742
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$934,506
Expenses. Total of all expenses incurred2016-12-31$0
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$934,506
Total plan assets at beginning of year2016-12-31$0
Total contributions received or receivable from participants2016-12-31$0
Assets. Value of loans (other than to participants)2016-12-31$151,875
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$923,326
Other income received2016-12-31$11,180
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$934,506
Net plan assets at end of year (total assets less liabilities)2016-12-31$934,506
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$0
Assets. Value of participant loans2016-12-31$14,525
Assets. Value of assets in partnership/joint-venture interests2016-12-31$762,742
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0

Form 5500 Responses for FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN

2022: FARLEY & ASSOCIATES, INC. PROFIT SHARING 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 filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
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: FARLEY & ASSOCIATES, INC. PROFIT SHARING 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: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FARLEY & ASSOCIATES, INC. PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01First time form 5500 has been submittedYes
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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