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NAI HIFFMAN 401K PLAN 401k Plan overview

Plan NameNAI HIFFMAN 401K PLAN
Plan identification number 001

NAI HIFFMAN 401K 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

HIFFMAN SHAFFER ASSOCIATES, INC. has sponsored the creation of one or more 401k plans.

Company Name:HIFFMAN SHAFFER ASSOCIATES, INC.
Employer identification number (EIN):364333797
NAIC Classification:531310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NAI HIFFMAN 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01DOUGLAS F. MUELLER
0012016-01-01DOUGLAS F. MUELLER2017-07-07
0012015-01-01DOUGLAS MUELLER2016-07-14
0012014-01-01DOUGLAS MUELLER2015-07-28
0012013-01-01DOUGLAS MUELLER2014-07-08
0012012-01-01DOUGLAS F. MUELLER2013-05-30
0012011-01-01DOUGLAS F. MUELLER2012-06-07
0012010-01-01DOUGLAS F. MUELLER2011-06-21

Plan Statistics for NAI HIFFMAN 401K PLAN

401k plan membership statisitcs for NAI HIFFMAN 401K PLAN

Measure Date Value
2022: NAI HIFFMAN 401K PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01196
Total number of active participants reported on line 7a of the Form 55002022-01-01177
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-0139
Total of all active and inactive participants2022-01-01218
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01219
Number of participants with account balances2022-01-01208
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0142
2021: NAI HIFFMAN 401K PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01164
Total number of active participants reported on line 7a of the Form 55002021-01-01158
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-0132
Total of all active and inactive participants2021-01-01191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01192
Number of participants with account balances2021-01-01170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0117
2020: NAI HIFFMAN 401K PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01156
Total number of active participants reported on line 7a of the Form 55002020-01-01134
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0126
Total of all active and inactive participants2020-01-01160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01161
Number of participants with account balances2020-01-01147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0114
2019: NAI HIFFMAN 401K PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01146
Total number of active participants reported on line 7a of the Form 55002019-01-01129
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0123
Total of all active and inactive participants2019-01-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01152
Number of participants with account balances2019-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-016
2018: NAI HIFFMAN 401K PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01127
Total number of active participants reported on line 7a of the Form 55002018-01-01107
Number of retired or separated participants receiving benefits2018-01-011
Number of other retired or separated participants entitled to future benefits2018-01-0135
Total of all active and inactive participants2018-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01143
Number of participants with account balances2018-01-0198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0110
2017: NAI HIFFMAN 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01127
Total number of active participants reported on line 7a of the Form 55002017-01-0195
Number of retired or separated participants receiving benefits2017-01-011
Number of other retired or separated participants entitled to future benefits2017-01-0127
Total of all active and inactive participants2017-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01123
Number of participants with account balances2017-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-016

Financial Data on NAI HIFFMAN 401K PLAN

Measure Date Value
2022 : NAI HIFFMAN 401K PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-241,898
Total of all expenses incurred2022-12-31$500,395
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$446,871
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,207,184
Value of total assets at end of year2022-12-31$7,212,205
Value of total assets at beginning of year2022-12-31$7,954,498
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$53,524
Total interest from all sources2022-12-31$4,323
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$89,781
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$89,781
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$993,121
Participant contributions at end of year2022-12-31$73,910
Participant contributions at beginning of year2022-12-31$101,263
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$54,520
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$144
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$148
Administrative expenses (other) incurred2022-12-31$35,270
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-742,293
Value of net assets at end of year (total assets less liabilities)2022-12-31$7,212,205
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$7,954,498
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$18,254
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$7,071,066
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$7,843,422
Interest on participant loans2022-12-31$4,007
Interest earned on other investments2022-12-31$316
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$67,085
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$9,665
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,543,186
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$159,543
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$446,871
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PENSION ASSURANCE LLP
Accountancy firm EIN2022-12-31300840934
2021 : NAI HIFFMAN 401K PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$1,784,163
Total of all expenses incurred2021-12-31$310,334
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$260,368
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,000,053
Value of total assets at end of year2021-12-31$7,954,498
Value of total assets at beginning of year2021-12-31$6,480,669
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$49,966
Total interest from all sources2021-12-31$5,832
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$202,642
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$202,642
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$731,895
Participant contributions at end of year2021-12-31$101,263
Participant contributions at beginning of year2021-12-31$110,265
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$43,422
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$144,448
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$148
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$328
Administrative expenses (other) incurred2021-12-31$32,676
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,473,829
Value of net assets at end of year (total assets less liabilities)2021-12-31$7,954,498
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$6,480,669
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$17,290
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$7,843,422
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$6,099,494
Interest on participant loans2021-12-31$5,681
Interest earned on other investments2021-12-31$151
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$9,665
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$225,512
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$575,636
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$123,710
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$1,648
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$260,368
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PENSION ASSURANCE LLP
Accountancy firm EIN2021-12-31300840934
2020 : NAI HIFFMAN 401K PLAN 2020 401k financial data
Total transfer of assets to this plan2020-12-31$2,144
Total income from all sources (including contributions)2020-12-31$1,706,442
Total of all expenses incurred2020-12-31$267,559
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$233,887
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,029,207
Value of total assets at end of year2020-12-31$6,480,669
Value of total assets at beginning of year2020-12-31$5,039,642
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$33,672
Total interest from all sources2020-12-31$7,774
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$67,683
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$67,683
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$675,582
Participant contributions at end of year2020-12-31$110,265
Participant contributions at beginning of year2020-12-31$89,584
Participant contributions at end of year2020-12-31$43,422
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$236,445
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$328
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$104
Administrative expenses (other) incurred2020-12-31$24,245
Total non interest bearing cash at beginning of year2020-12-31$2,144
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,438,883
Value of net assets at end of year (total assets less liabilities)2020-12-31$6,480,669
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,039,642
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$9,427
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$6,099,494
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$4,946,730
Value of interest in pooled separate accounts at beginning of year2020-12-31$0
Interest on participant loans2020-12-31$6,584
Interest earned on other investments2020-12-31$1,190
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$225,512
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$1,080
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$601,778
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$117,180
Employer contributions (assets) at end of year2020-12-31$1,648
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$233,887
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31PENSION ASSURANCE LLP
Accountancy firm EIN2020-12-31300840934
2019 : NAI HIFFMAN 401K PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$1,998,441
Total of all expenses incurred2019-12-31$290,372
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$272,197
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,146,327
Value of total assets at end of year2019-12-31$5,039,642
Value of total assets at beginning of year2019-12-31$3,331,573
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$18,175
Total interest from all sources2019-12-31$7,603
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$374,537
Participant contributions at end of year2019-12-31$89,584
Participant contributions at beginning of year2019-12-31$44,612
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$715,279
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$104
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Administrative expenses (other) incurred2019-12-31$8,274
Total non interest bearing cash at end of year2019-12-31$2,144
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,708,069
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,039,642
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,331,573
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$9,901
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$4,946,730
Value of interest in pooled separate accounts at end of year2019-12-31$0
Value of interest in pooled separate accounts at beginning of year2019-12-31$3,087,342
Interest on participant loans2019-12-31$4,382
Interest earned on other investments2019-12-31$3,221
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$1,080
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$199,619
Net investment gain/loss from pooled separate accounts2019-12-31$844,511
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$56,511
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$272,197
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PENSION ASSURANCE LLP
Accountancy firm EIN2019-12-31300840934
2018 : NAI HIFFMAN 401K PLAN 2018 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$2,212
Total income from all sources (including contributions)2018-12-31$209,687
Total of all expenses incurred2018-12-31$41,075
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$18,983
Value of total corrective distributions2018-12-31$6,225
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$463,134
Value of total assets at end of year2018-12-31$3,331,573
Value of total assets at beginning of year2018-12-31$3,165,173
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$15,867
Total interest from all sources2018-12-31$4,278
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$331,824
Participant contributions at end of year2018-12-31$44,612
Participant contributions at beginning of year2018-12-31$8,656
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$75,908
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$2,212
Administrative expenses (other) incurred2018-12-31$15,867
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$168,612
Value of net assets at end of year (total assets less liabilities)2018-12-31$3,331,573
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$3,162,961
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$3,087,342
Value of interest in pooled separate accounts at beginning of year2018-12-31$2,937,723
Interest on participant loans2018-12-31$1,430
Interest earned on other investments2018-12-31$2,848
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$199,619
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$218,794
Net investment gain/loss from pooled separate accounts2018-12-31$-257,725
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$55,402
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$18,983
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31PENSION ASSURANCE LLP
Accountancy firm EIN2018-12-31300840934
2017 : NAI HIFFMAN 401K PLAN 2017 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$2,212
Total income from all sources (including contributions)2017-12-31$762,460
Total of all expenses incurred2017-12-31$80,026
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$63,569
Value of total corrective distributions2017-12-31$2,212
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$305,691
Value of total assets at end of year2017-12-31$3,165,173
Value of total assets at beginning of year2017-12-31$2,480,527
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$14,245
Total interest from all sources2017-12-31$3,240
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$241,065
Participant contributions at end of year2017-12-31$8,656
Participant contributions at beginning of year2017-12-31$20,180
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$48,510
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$2,212
Administrative expenses (other) incurred2017-12-31$14,245
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$682,434
Value of net assets at end of year (total assets less liabilities)2017-12-31$3,162,961
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$2,480,527
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$2,937,723
Value of interest in pooled separate accounts at beginning of year2017-12-31$2,262,888
Interest on participant loans2017-12-31$593
Interest earned on other investments2017-12-31$2,647
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$218,794
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$197,459
Net investment gain/loss from pooled separate accounts2017-12-31$453,529
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$16,116
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$63,569
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31PENSION ASSURANCE LLP
Accountancy firm EIN2017-12-31300840934

Form 5500 Responses for NAI HIFFMAN 401K PLAN

2022: NAI HIFFMAN 401K PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NAI HIFFMAN 401K PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: NAI HIFFMAN 401K PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: NAI HIFFMAN 401K PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: NAI HIFFMAN 401K PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: NAI HIFFMAN 401K PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number513522
Policy instance 1
Insurance contract or identification number513522
Number of Individuals Covered208
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number513522
Policy instance 1
Insurance contract or identification number513522
Number of Individuals Covered170
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number513522
Policy instance 1
Insurance contract or identification number513522
Number of Individuals Covered147
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number999119/513522
Policy instance 1
Insurance contract or identification number999119/513522
Number of Individuals Covered92
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number999119
Policy instance 1
Insurance contract or identification number999119
Number of Individuals Covered98
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $8,419
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,250
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number999119
Policy instance 1
Insurance contract or identification number999119
Number of Individuals Covered82
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $6,919
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,919
Insurance broker organization code?3
Insurance broker nameMESIROW FINANCIAL INC

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