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NEW PROFIT, INC. 401(K) PLAN & TRUST 401k Plan overview

Plan NameNEW PROFIT, INC. 401(K) PLAN & TRUST
Plan identification number 001

NEW PROFIT, INC. 401(K) PLAN & TRUST 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.
  • 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

NEW PROFIT, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW PROFIT, INC.
Employer identification number (EIN):043396766
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW PROFIT, INC. 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01IAN MAGEE2024-06-04
0012022-01-01IAN MAGEE2023-05-23
0012021-01-01IAN MAGEE2022-06-16 IAN MAGEE2022-06-16
0012020-01-01IAN MAGEE2021-06-07
0012019-01-01IAN MAGEE2020-06-18
0012019-01-01IAN MAGEE2021-06-07 IAN MAGEE2021-06-07
0012018-01-01IAN MAGEE2019-04-18
0012017-01-01IAN MAGEE2018-05-18 IAN MAGEE2018-05-18
0012016-01-01IAN MAGEE2017-05-25 IAN MAGEE2017-05-25
0012015-01-01VANESSA KIRSCH2016-07-29
0012014-01-01VANESSA KIRSCH2015-07-29
0012013-01-01VANESSA KIRSCH2014-07-31 VANESSA KIRSCH2014-07-31
0012012-01-01VANESSA KIRSCH2013-07-18
0012011-01-01AIDA VOLPONE2012-07-30
0012010-01-01AIDA VOLPONE
0012009-01-01VANESSA KIRSCH

Plan Statistics for NEW PROFIT, INC. 401(K) PLAN & TRUST

401k plan membership statisitcs for NEW PROFIT, INC. 401(K) PLAN & TRUST

Measure Date Value
2010: NEW PROFIT, INC. 401(K) PLAN & TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0145
Total number of active participants reported on line 7a of the Form 55002010-01-0139
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0112
Total of all active and inactive participants2010-01-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0151
Number of participants with account balances2010-01-0134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011
2009: NEW PROFIT, INC. 401(K) PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0131
Total number of active participants reported on line 7a of the Form 55002009-01-0129
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0110
Total of all active and inactive participants2009-01-0139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0139
Number of participants with account balances2009-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on NEW PROFIT, INC. 401(K) PLAN & TRUST

Measure Date Value
2010 : NEW PROFIT, INC. 401(K) PLAN & TRUST 2010 401k financial data
Total income from all sources2010-12-31$476,159
Expenses. Total of all expenses incurred2010-12-31$43,231
Benefits paid (including direct rollovers)2010-12-31$43,031
Total plan assets at end of year2010-12-31$1,247,500
Total plan assets at beginning of year2010-12-31$814,572
Value of fidelity bond covering the plan2010-12-31$100,000
Total contributions received or receivable from participants2010-12-31$54,124
Contributions received from other sources (not participants or employers)2010-12-31$45,994
Other income received2010-12-31$171,237
Net income (gross income less expenses)2010-12-31$432,928
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,247,500
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$814,572
Total contributions received or receivable from employer(s)2010-12-31$204,804
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$200

Form 5500 Responses for NEW PROFIT, INC. 401(K) PLAN & TRUST

2010: NEW PROFIT, INC. 401(K) PLAN & TRUST 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 – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: NEW PROFIT, INC. 401(K) PLAN & TRUST 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHI478
Policy instance 1
Insurance contract or identification numberPHI478
Number of Individuals Covered38
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $6,906
Total amount of fees paid to insurance companyUSD $200
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes

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