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OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 401k Plan overview

Plan NameOLSEN LAW FIRM, PLLC PROFIT SHARING PLAN
Plan identification number 001

OLSEN LAW FIRM, PLLC PROFIT SHARING 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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

OLSEN LAW FIRM, PLLC has sponsored the creation of one or more 401k plans.

Company Name:OLSEN LAW FIRM, PLLC
Employer identification number (EIN):912014182
NAIC Classification:541110
NAIC Description:Offices of Lawyers

Additional information about OLSEN LAW FIRM, PLLC

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 1999-12-22
Company Identification Number: 602000693
Legal Registered Office Address: 205 S MERIDIAN

PUYALLUP
United States of America (USA)
983715915

More information about OLSEN LAW FIRM, PLLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01DOUG SCHARNHORST2023-06-29 DOUG SCHARNHORST2023-06-29
0012021-01-01DOUG SCHARNHORST2022-06-17
0012020-01-01DOUG SCHARNHORST2021-06-29
0012019-01-01DOUG SCHARNHORST2020-06-22 DOUG SCHARNHORST2020-06-22
0012018-01-01DOUG SCHARNHORST2019-07-26 OLSEN LAW FIRM PLLC2019-07-26
0012017-01-01DOUG SCHARNHORST2018-07-16
0012016-01-01DOUG SCHARNHORST2017-06-23
0012015-01-01DOUG SCHARNHORST
0012014-01-01OLSEN LAW FIRM PLLC OLSEN LAW FIRM PLLC2015-07-08
0012013-01-01DOUG SCHARNHORST DOUG SCHARNHORST2015-06-17
0012012-01-01DOUG SCHARNHORST2013-10-08 DOUG SCHARNHORST2013-10-08
0012011-01-01DOUG SCHARNHORST DOUG SCHARNHORST2012-07-11
0012010-01-01DOUG SCHARNHORST
0012009-01-01
0012009-01-01DOUG SCHARNHORST DOUG SCHARNHORST2010-10-15

Plan Statistics for OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN

401k plan membership statisitcs for OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN

Measure Date Value
2015: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-018
Total number of active participants reported on line 7a of the Form 55002015-01-017
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-018
Number of participants with account balances2015-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-019
Total number of active participants reported on line 7a of the Form 55002014-01-018
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-011
Total of all active and inactive participants2014-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-019
Number of participants with account balances2014-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-019
Total number of active participants reported on line 7a of the Form 55002013-01-018
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-019
Number of participants with account balances2013-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-018
Total number of active participants reported on line 7a of the Form 55002012-01-018
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-019
Number of participants with account balances2012-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-019
Total number of active participants reported on line 7a of the Form 55002011-01-018
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-019
Number of participants with account balances2011-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-018
Total number of active participants reported on line 7a of the Form 55002010-01-019
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-019
Number of participants with account balances2010-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-018
Total number of active participants reported on line 7a of the Form 55002009-01-018
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-018
Number of participants with account balances2009-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN

Measure Date Value
2015 : OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$216,649
Expenses. Total of all expenses incurred2015-12-31$314
Total plan assets at end of year2015-12-31$1,279,548
Total plan assets at beginning of year2015-12-31$1,063,213
Value of fidelity bond covering the plan2015-12-31$150,000
Total contributions received or receivable from participants2015-12-31$38,701
Expenses. Other expenses not covered elsewhere2015-12-31$314
Contributions received from other sources (not participants or employers)2015-12-31$164,041
Other income received2015-12-31$-28,667
Net income (gross income less expenses)2015-12-31$216,335
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,279,548
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,063,213
Assets. Value of participant loans2015-12-31$5,776
Total contributions received or receivable from employer(s)2015-12-31$42,574
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$131,638
Expenses. Total of all expenses incurred2014-12-31$1,432
Benefits paid (including direct rollovers)2014-12-31$1,407
Total plan assets at end of year2014-12-31$1,063,213
Total plan assets at beginning of year2014-12-31$933,007
Value of fidelity bond covering the plan2014-12-31$50,000
Total contributions received or receivable from participants2014-12-31$35,491
Expenses. Other expenses not covered elsewhere2014-12-31$25
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$53,562
Net income (gross income less expenses)2014-12-31$130,206
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,063,213
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$933,007
Assets. Value of participant loans2014-12-31$21,916
Total contributions received or receivable from employer(s)2014-12-31$42,585
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Funding deficiency by the employer to the plan for this plan year2014-12-31$0
Minimum employer required contribution for this plan year2014-12-31$0
Amount contributed by the employer to the plan for this plan year2014-12-31$0
2013 : OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$209,463
Expenses. Total of all expenses incurred2013-12-31$0
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$933,007
Total plan assets at beginning of year2013-12-31$723,544
Value of fidelity bond covering the plan2013-12-31$50,000
Total contributions received or receivable from participants2013-12-31$34,944
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$150,876
Net income (gross income less expenses)2013-12-31$209,463
Net plan assets at end of year (total assets less liabilities)2013-12-31$933,007
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$723,544
Assets. Value of participant loans2013-12-31$36,993
Total contributions received or receivable from employer(s)2013-12-31$23,643
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
2012 : OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$93,156
Expenses. Total of all expenses incurred2012-12-31$1,138
Benefits paid (including direct rollovers)2012-12-31$1,138
Total plan assets at end of year2012-12-31$723,544
Total plan assets at beginning of year2012-12-31$631,526
Value of fidelity bond covering the plan2012-12-31$50,000
Total contributions received or receivable from participants2012-12-31$20,451
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$48,272
Net income (gross income less expenses)2012-12-31$92,018
Net plan assets at end of year (total assets less liabilities)2012-12-31$723,544
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$631,526
Assets. Value of participant loans2012-12-31$16,379
Total contributions received or receivable from employer(s)2012-12-31$24,433
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
2011 : OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$47,245
Expenses. Total of all expenses incurred2011-12-31$3,634
Benefits paid (including direct rollovers)2011-12-31$3,634
Total plan assets at end of year2011-12-31$631,526
Total plan assets at beginning of year2011-12-31$587,916
Value of fidelity bond covering the plan2011-12-31$50,000
Total contributions received or receivable from participants2011-12-31$13,883
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$35,651
Other income received2011-12-31$-2,289
Net income (gross income less expenses)2011-12-31$43,611
Net plan assets at end of year (total assets less liabilities)2011-12-31$631,526
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$587,916
Assets. Value of participant loans2011-12-31$56,161
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
2010 : OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$75,465
Expenses. Total of all expenses incurred2010-12-31$34,639
Benefits paid (including direct rollovers)2010-12-31$34,639
Total plan assets at end of year2010-12-31$587,916
Total plan assets at beginning of year2010-12-31$547,090
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$6,185
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$69,280
Net income (gross income less expenses)2010-12-31$40,826
Net plan assets at end of year (total assets less liabilities)2010-12-31$587,916
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$547,090
Assets. Value of participant loans2010-12-31$84,086
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0

Form 5500 Responses for OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN

2015: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: OLSEN LAW FIRM, PLLC PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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