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J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameJ. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN
Plan identification number 001

J. WORLD SPORTS, INC., 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

J. WORLD SPORTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:J. WORLD SPORTS, INC.
Employer identification number (EIN):412095941
NAIC Classification:423910
NAIC Description:Sporting and Recreational Goods and Supplies Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01CHUNG HEE KIM2022-10-07
0012021-01-01CHUNG HEE KIM2022-05-20
0012020-01-01CHUNG HEE KIM2021-09-11
0012019-01-01CHUNG HEE KIM2020-07-22
0012018-01-01CHUNG HEE KIM2019-07-23
0012017-01-01CHUNG HEE KIM2018-09-27
0012016-01-01
0012015-01-01
0012014-01-01

Plan Statistics for J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN

Measure Date Value
2016: J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-014
Total number of active participants reported on line 7a of the Form 55002016-01-014
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-014
Number of participants with account balances2016-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-014
Total number of active participants reported on line 7a of the Form 55002015-01-014
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-014
Number of participants with account balances2015-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-010
Total number of active participants reported on line 7a of the Form 55002014-01-014
Total of all active and inactive participants2014-01-014
Total participants2014-01-014
Number of participants with account balances2014-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN

Measure Date Value
2016 : J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$40,894
Expenses. Total of all expenses incurred2016-12-31$3,573
Total plan assets at end of year2016-12-31$96,755
Total plan assets at beginning of year2016-12-31$59,434
Value of fidelity bond covering the plan2016-12-31$50,000
Total contributions received or receivable from participants2016-12-31$26,000
Expenses. Other expenses not covered elsewhere2016-12-31$3,573
Other income received2016-12-31$5,196
Net income (gross income less expenses)2016-12-31$37,321
Net plan assets at end of year (total assets less liabilities)2016-12-31$96,755
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$59,434
Total contributions received or receivable from employer(s)2016-12-31$9,698
2015 : J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$32,351
Expenses. Total of all expenses incurred2015-12-31$3,657
Total plan assets at end of year2015-12-31$59,434
Total plan assets at beginning of year2015-12-31$30,740
Value of fidelity bond covering the plan2015-12-31$50,000
Total contributions received or receivable from participants2015-12-31$26,000
Expenses. Other expenses not covered elsewhere2015-12-31$3,657
Other income received2015-12-31$-969
Net income (gross income less expenses)2015-12-31$28,694
Net plan assets at end of year (total assets less liabilities)2015-12-31$59,434
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$30,740
Total contributions received or receivable from employer(s)2015-12-31$7,320
2014 : J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$31,473
Expenses. Total of all expenses incurred2014-12-31$733
Total plan assets at end of year2014-12-31$30,740
Total plan assets at beginning of year2014-12-31$0
Value of fidelity bond covering the plan2014-12-31$50,000
Total contributions received or receivable from participants2014-12-31$24,500
Expenses. Other expenses not covered elsewhere2014-12-31$733
Other income received2014-12-31$603
Net income (gross income less expenses)2014-12-31$30,740
Net plan assets at end of year (total assets less liabilities)2014-12-31$30,740
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$6,370

Form 5500 Responses for J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN

2016: J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: J. WORLD SPORTS, INC., 401(K) 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: J. WORLD SPORTS, INC., 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
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

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