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STEVEN E. HOWELL, CPA, PC CASH BALANCE PLAN 401k Plan overview

Plan NameSTEVEN E. HOWELL, CPA, PC CASH BALANCE PLAN
Plan identification number 002

STEVEN E. HOWELL, CPA, PC CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

401k Sponsoring company profile

STEVEN E. HOWELL, CPA, PC has sponsored the creation of one or more 401k plans.

Company Name:STEVEN E. HOWELL, CPA, PC
Employer identification number (EIN):900149456
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STEVEN E. HOWELL, CPA, PC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01

Plan Statistics for STEVEN E. HOWELL, CPA, PC CASH BALANCE PLAN

401k plan membership statisitcs for STEVEN E. HOWELL, CPA, PC CASH BALANCE PLAN

Measure Date Value
2023: STEVEN E. HOWELL, CPA, PC CASH BALANCE PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-011
Total number of active participants reported on line 7a of the Form 55002023-01-011
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 participants2023-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010

Financial Data on STEVEN E. HOWELL, CPA, PC CASH BALANCE PLAN

Measure Date Value
2023 : STEVEN E. HOWELL, CPA, PC CASH BALANCE PLAN 2023 401k financial data
Total income from all sources2023-12-31$306,180
Total plan assets at end of year2023-12-31$306,180
Total plan assets at beginning of year2023-12-31$0
Other income received2023-12-31$6,180
Net income (gross income less expenses)2023-12-31$306,180
Net plan assets at end of year (total assets less liabilities)2023-12-31$306,180
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$300,000

Form 5500 Responses for STEVEN E. HOWELL, CPA, PC CASH BALANCE PLAN

2023: STEVEN E. HOWELL, CPA, PC CASH BALANCE PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01First time form 5500 has been submittedYes
2023-01-01Submission has been amendedYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes

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