401k Plan data: PROFIT REALTY COMPANY 401(K) PLAN plan

PROFIT REALTY COMPANY 401(K) PLAN 401k Plan overview

Plan Name	PROFIT REALTY COMPANY 401(K) PLAN
Plan identification number	002

PROFIT REALTY COMPANY 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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

PROFIT REALTY COMPANY has sponsored the creation of one or more 401k plans.

Company Name: PROFIT REALTY COMPANY

Employer identification number (EIN): 474009003

NAIC Classification: 531310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFIT REALTY COMPANY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01
002 2022-01-01
002 2021-01-01

Plan Statistics for PROFIT REALTY COMPANY 401(K) PLAN

401k plan membership statisitcs for PROFIT REALTY COMPANY 401(K) PLAN

Measure Date Value
2023: PROFIT REALTY COMPANY 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 4
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 0
Total of all active and inactive participants 2023-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 4
Number of participants with account balances 2023-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: PROFIT REALTY COMPANY 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 4
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 4
Number of participants with account balances 2022-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: PROFIT REALTY COMPANY 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 4
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 4
Number of participants with account balances 2021-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0

Measure	Date	Value
2023: PROFIT REALTY COMPANY 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	4
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	0
Total of all active and inactive participants	2023-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	4
Number of participants with account balances	2023-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: PROFIT REALTY COMPANY 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	4
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	4
Number of participants with account balances	2022-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: PROFIT REALTY COMPANY 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	4
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	4
Number of participants with account balances	2021-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0

Financial Data on PROFIT REALTY COMPANY 401(K) PLAN

Measure	Date	Value
2023 : PROFIT REALTY COMPANY 401(K) PLAN 2023 401k financial data
Total income from all sources	2023-12-31	$57,901
Expenses. Total of all expenses incurred	2023-12-31	$110
Total plan assets at end of year	2023-12-31	$76,911
Total plan assets at beginning of year	2023-12-31	$19,120
Value of fidelity bond covering the plan	2023-12-31	$10,000
Other income received	2023-12-31	$57,901
Net income (gross income less expenses)	2023-12-31	$57,791
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$76,911
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$19,120
Assets. Value of employer securities	2023-12-31	$66,362
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$110
2022 : PROFIT REALTY COMPANY 401(K) PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$-91,163
Expenses. Total of all expenses incurred	2022-12-31	$105
Total plan assets at end of year	2022-12-31	$19,120
Total plan assets at beginning of year	2022-12-31	$110,388
Value of fidelity bond covering the plan	2022-12-31	$11,500
Other income received	2022-12-31	$-91,163
Net income (gross income less expenses)	2022-12-31	$-91,268
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$19,120
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$110,388
Assets. Value of employer securities	2022-12-31	$8,971
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$105
2021 : PROFIT REALTY COMPANY 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$58,467
Total income from all sources	2021-12-31	$51,921
Expenses. Total of all expenses incurred	2021-12-31	$0
Total plan assets at end of year	2021-12-31	$110,388
Total plan assets at beginning of year	2021-12-31	$0
Value of fidelity bond covering the plan	2021-12-31	$11,039
Other income received	2021-12-31	$51,921
Net income (gross income less expenses)	2021-12-31	$51,921
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$110,388
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$100,285

Form 5500 Responses for PROFIT REALTY COMPANY 401(K) PLAN

2023: PROFIT REALTY COMPANY 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: PROFIT REALTY COMPANY 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: PROFIT REALTY COMPANY 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	First time form 5500 has been submitted	Yes
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	PROFIT REALTY COMPANY
Employer identification number (EIN):	474009003
NAIC Classification:	531310