401k Plan data: PENNISI, DANIELS & NORELLI, LLP 401K PLAN plan

PENNISI, DANIELS & NORELLI, LLP 401K PLAN 401k Plan overview

Plan Name	PENNISI, DANIELS & NORELLI, LLP 401K PLAN
Plan identification number	001

PENNISI, DANIELS & NORELLI, LLP 401K PLAN 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
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.

401k Sponsoring company profile

PENNISI, DANIELS & NORELLI, LLP has sponsored the creation of one or more 401k plans.

Company Name: PENNISI, DANIELS & NORELLI, LLP

Employer identification number (EIN): 113419654

NAIC Classification: 541110
NAIC Description: Offices of Lawyers

Additional information about PENNISI, DANIELS & NORELLI, LLP

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1998-02-24

Company Identification Number: 2231661

Legal Registered Office Address: 97-77 QUEENS BLVD
STE 620
REGO PARK
United States of America (USA)
11374

More information about PENNISI, DANIELS & NORELLI, LLP

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENNISI, DANIELS & NORELLI, LLP 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2012-01-01 GEORGE NORELLI
001 2011-01-01 GEORGE NORELLI

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2012-01-01	GEORGE NORELLI
001	2011-01-01	GEORGE NORELLI

Plan Statistics for PENNISI, DANIELS & NORELLI, LLP 401K PLAN

401k plan membership statisitcs for PENNISI, DANIELS & NORELLI, LLP 401K PLAN

Measure Date Value
2012: PENNISI, DANIELS & NORELLI, LLP 401K PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 0
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 0
Number of participants with account balances 2012-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: PENNISI, DANIELS & NORELLI, LLP 401K PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 24
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 17
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 5
Total of all active and inactive participants 2011-01-01 22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 22
Number of participants with account balances 2011-01-01 22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0

Measure	Date	Value
2012: PENNISI, DANIELS & NORELLI, LLP 401K PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	0
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	0
Number of participants with account balances	2012-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: PENNISI, DANIELS & NORELLI, LLP 401K PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	24
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	17
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	5
Total of all active and inactive participants	2011-01-01	22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	22
Number of participants with account balances	2011-01-01	22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0

Financial Data on PENNISI, DANIELS & NORELLI, LLP 401K PLAN

Measure	Date	Value
2012 : PENNISI, DANIELS & NORELLI, LLP 401K PLAN 2012 401k financial data
Transfers to/from the plan	2012-12-31	$-1,671,493
Total income from all sources	2012-12-31	$77,644
Expenses. Total of all expenses incurred	2012-12-31	$13,003
Benefits paid (including direct rollovers)	2012-12-31	$10,355
Total plan assets at end of year	2012-12-31	$0
Total plan assets at beginning of year	2012-12-31	$1,606,852
Value of fidelity bond covering the plan	2012-12-31	$2,000,000
Other income received	2012-12-31	$77,644
Net income (gross income less expenses)	2012-12-31	$64,641
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,606,852
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$2,648
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : PENNISI, DANIELS & NORELLI, LLP 401K PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$9,979
Expenses. Total of all expenses incurred	2011-12-31	$101,033
Benefits paid (including direct rollovers)	2011-12-31	$88,239
Total plan assets at end of year	2011-12-31	$1,606,852
Total plan assets at beginning of year	2011-12-31	$1,697,906
Value of fidelity bond covering the plan	2011-12-31	$2,000,000
Total contributions received or receivable from participants	2011-12-31	$26,801
Contributions received from other sources (not participants or employers)	2011-12-31	$465
Other income received	2011-12-31	$-17,287
Net income (gross income less expenses)	2011-12-31	$-91,054
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,606,852
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$1,697,906
Assets. Value of participant loans	2011-12-31	$3,389
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$12,794
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : PENNISI, DANIELS & NORELLI, LLP 401K PLAN 2010 401k financial data
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$240,172
Expenses. Total of all expenses incurred	2010-12-31	$8,464
Benefits paid (including direct rollovers)	2010-12-31	$1,554
Total plan assets at end of year	2010-12-31	$1,728,680
Total plan assets at beginning of year	2010-12-31	$1,496,972
Value of fidelity bond covering the plan	2010-12-31	$1,000,000
Total contributions received or receivable from participants	2010-12-31	$70,845
Other income received	2010-12-31	$169,327
Net income (gross income less expenses)	2010-12-31	$231,708
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,728,680
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,496,972
Assets. Value of participant loans	2010-12-31	$6,102
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$6,910
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0

Form 5500 Responses for PENNISI, DANIELS & NORELLI, LLP 401K PLAN

2012: PENNISI, DANIELS & NORELLI, LLP 401K PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	Yes
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: PENNISI, DANIELS & NORELLI, LLP 401K PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	PENNISI, DANIELS & NORELLI, LLP
Employer identification number (EIN):	113419654
NAIC Classification:	541110
NAIC Description:	Offices of Lawyers

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1998-02-24
Company Identification Number:	2231661
Legal Registered Office Address:	97-77 QUEENS BLVD STE 620 REGO PARK United States of America (USA) 11374