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PATRICK JAMES 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NamePATRICK JAMES 401(K) PROFIT SHARING PLAN
Plan identification number 001

PATRICK JAMES 401(K) 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
  • 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.
  • 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

PATRICK JAMES INC has sponsored the creation of one or more 401k plans.

Company Name:PATRICK JAMES INC
Employer identification number (EIN):941560642
NAIC Classification:453990

Additional information about PATRICK JAMES INC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number: 351933

More information about PATRICK JAMES INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PATRICK JAMES 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ERISA FIDUCIARY SERVICES2024-05-03
0012022-01-01ERISA FIDUCIARY SERVICES2023-04-07
0012021-01-01
0012020-01-01SARA CAMORODA2021-10-12 SARA CAMORODA2021-10-12
0012019-01-01DEE MYERS2020-10-14
0012018-01-01DELORES MYERS2019-10-02 DELORES MYERS2019-10-02
0012017-01-01DEE MYERS2018-10-02 DEE MYERS2018-10-02
0012016-01-01DEE MYERS2017-10-06 DEE MYERS2017-10-06
0012015-01-01DELORES MYERS2016-10-04 DELORES MYERS2016-10-04
0012014-01-01KAREN SANTONI2015-08-04 KAREN SANTONI2015-08-04
0012013-01-01KURT BELLUOMINI2014-07-11 KURT BELLUOMINI2014-07-11
0012012-01-01WILLIAM SOMMERS2013-06-22 WILLIAM SOMMERS2013-06-26
0012011-01-01WILLIAM SOMMERS2012-07-17 WILLIAM SOMMERS2012-07-17
0012010-01-01WILLIAM SOMMERS2011-07-17 WILLIAM SOMMERS2011-07-17

Plan Statistics for PATRICK JAMES 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PATRICK JAMES 401(K) PROFIT SHARING PLAN

Measure Date Value
2021: PATRICK JAMES 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0159
Total number of active participants reported on line 7a of the Form 55002021-01-0147
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-012
Total of all active and inactive participants2021-01-0149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0149
Number of participants with account balances2021-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on PATRICK JAMES 401(K) PROFIT SHARING PLAN

Measure Date Value
2021 : PATRICK JAMES 401(K) 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$0
Total income from all sources2021-12-31$-258,511
Expenses. Total of all expenses incurred2021-12-31$3,193
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$1,987,682
Total plan assets at beginning of year2021-12-31$2,249,386
Value of fidelity bond covering the plan2021-12-31$200,000
Total contributions received or receivable from participants2021-12-31$12,694
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$-271,205
Net income (gross income less expenses)2021-12-31$-261,704
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,987,682
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,249,386
Assets. Value of participant loans2021-12-31$19,494
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$3,193

Form 5500 Responses for PATRICK JAMES 401(K) PROFIT SHARING PLAN

2021: PATRICK JAMES 401(K) 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

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