401k Plan data: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST plan

LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan Name	LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST
Plan identification number	005

LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 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
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.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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

LANE & NACH, P.C. has sponsored the creation of one or more 401k plans.

Company Name: LANE & NACH, P.C.

Employer identification number (EIN): 860938074

NAIC Classification: 541190

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
005 2023-01-01 SHAWN T. PARKER, CPC, QPA, ERPA 2024-10-02
005 2022-01-01 SHAWN T. PARKER, CPC, QPA, ERPA 2023-10-11
005 2021-01-01 RUSSELL J. SNOW, EA 2022-10-05
005 2020-01-01 HENRY DESPAIN, APA, ERPA, QPA 2021-10-06

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
005	2023-01-01	SHAWN T. PARKER, CPC, QPA, ERPA	2024-10-02
005	2022-01-01	SHAWN T. PARKER, CPC, QPA, ERPA	2023-10-11
005	2021-01-01	RUSSELL J. SNOW, EA	2022-10-05
005	2020-01-01	HENRY DESPAIN, APA, ERPA, QPA	2021-10-06

Plan Statistics for LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST

Measure Date Value
2023: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2023 401k membership
Total participants, beginning-of-year 2023-01-01 20
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 15
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 9
Total of all active and inactive participants 2023-01-01 24
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 24
Number of participants with account balances 2023-01-01 23
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2022 401k membership
Total participants, beginning-of-year 2022-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 15
Number of retired or separated participants receiving benefits 2022-01-01 5
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 20
Number of participants with account balances 2022-01-01 16
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 4
2021: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2021 401k membership
Total participants, beginning-of-year 2021-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 18
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 3
Total of all active and inactive participants 2021-01-01 21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 21
Number of participants with account balances 2021-01-01 21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2020 401k membership
Total participants, beginning-of-year 2020-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 19
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 3
Total of all active and inactive participants 2020-01-01 22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 22
Number of participants with account balances 2020-01-01 17
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0

Measure	Date	Value
2023: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2023 401k membership
Total participants, beginning-of-year	2023-01-01	20
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	15
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	9
Total of all active and inactive participants	2023-01-01	24
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	24
Number of participants with account balances	2023-01-01	23
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2022 401k membership
Total participants, beginning-of-year	2022-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	15
Number of retired or separated participants receiving benefits	2022-01-01	5
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	20
Number of participants with account balances	2022-01-01	16
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	4
2021: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2021 401k membership
Total participants, beginning-of-year	2021-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	18
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	3
Total of all active and inactive participants	2021-01-01	21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	21
Number of participants with account balances	2021-01-01	21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2020 401k membership
Total participants, beginning-of-year	2020-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	19
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	3
Total of all active and inactive participants	2020-01-01	22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	22
Number of participants with account balances	2020-01-01	17
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0

Financial Data on LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST

Measure	Date	Value
2023 : LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2023 401k financial data
Total plan liabilities at end of year	2023-12-31	$0
Total plan liabilities at beginning of year	2023-12-31	$0
Total income from all sources	2023-12-31	$459,630
Expenses. Total of all expenses incurred	2023-12-31	$8,615
Total plan assets at end of year	2023-12-31	$3,021,047
Total plan assets at beginning of year	2023-12-31	$2,570,032
Value of fidelity bond covering the plan	2023-12-31	$800,000
Total contributions received or receivable from participants	2023-12-31	$90,947
Other income received	2023-12-31	$256,793
Net income (gross income less expenses)	2023-12-31	$451,015
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$3,021,047
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$2,570,032
Assets. Value of participant loans	2023-12-31	$16,372
Assets. Value of assets in partnership/joint-venture interests	2023-12-31	$1,280,600
Total contributions received or receivable from employer(s)	2023-12-31	$111,890
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$8,615
2022 : LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-262,893
Expenses. Total of all expenses incurred	2022-12-31	$377,871
Benefits paid (including direct rollovers)	2022-12-31	$377,583
Total plan assets at end of year	2022-12-31	$2,570,032
Total plan assets at beginning of year	2022-12-31	$3,210,796
Value of fidelity bond covering the plan	2022-12-31	$800,000
Total contributions received or receivable from participants	2022-12-31	$90,596
Other income received	2022-12-31	$-433,506
Net income (gross income less expenses)	2022-12-31	$-640,764
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$2,570,032
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$3,210,796
Assets. Value of participant loans	2022-12-31	$19,805
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$1,108,928
Total contributions received or receivable from employer(s)	2022-12-31	$80,017
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$288
2021 : LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2021 401k financial data
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$539,673
Expenses. Total of all expenses incurred	2021-12-31	$5,020
Benefits paid (including direct rollovers)	2021-12-31	$4,550
Total plan assets at end of year	2021-12-31	$3,210,796
Total plan assets at beginning of year	2021-12-31	$2,676,143
Value of fidelity bond covering the plan	2021-12-31	$800,000
Total contributions received or receivable from participants	2021-12-31	$105,799
Other income received	2021-12-31	$308,355
Net income (gross income less expenses)	2021-12-31	$534,653
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$3,210,796
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$2,676,143
Assets. Value of participant loans	2021-12-31	$20,433
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$1,268,510
Total contributions received or receivable from employer(s)	2021-12-31	$125,519
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$470
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$534,946
Expenses. Total of all expenses incurred	2020-12-31	$324,535
Benefits paid (including direct rollovers)	2020-12-31	$323,185
Total plan assets at end of year	2020-12-31	$2,676,143
Total plan assets at beginning of year	2020-12-31	$2,465,732
Value of fidelity bond covering the plan	2020-12-31	$800,000
Total contributions received or receivable from participants	2020-12-31	$63,750
Other income received	2020-12-31	$349,389
Net income (gross income less expenses)	2020-12-31	$210,411
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$2,676,143
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,465,732
Assets. Value of participant loans	2020-12-31	$10,214
Assets. Value of assets in partnership/joint-venture interests	2020-12-31	$1,039,847
Total contributions received or receivable from employer(s)	2020-12-31	$121,807
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$1,350
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0

Form 5500 Responses for LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST

2023: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2023 form 5500 responses
2023-01-01	Type of plan entity	Single 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 – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: LANE & NACH, P.C. PROFIT SHARING PLAN & TRUST 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	LANE & NACH, P.C.
Employer identification number (EIN):	860938074
NAIC Classification:	541190