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LK BENSON & COMPANY PC PROFIT SHARING PLAN 401k Plan overview

Plan NameLK BENSON & COMPANY PC PROFIT SHARING PLAN
Plan identification number 002

LK BENSON & COMPANY PC 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

LK BENSON & COMPANY PC has sponsored the creation of one or more 401k plans.

Company Name:LK BENSON & COMPANY PC
Employer identification number (EIN):521903476
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LK BENSON & COMPANY PC PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01CHRIS BENSON2024-10-15
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01LYLE BENSON
0022017-01-01LYLE BENSON LYLE BENSON2018-10-12
0022016-01-01LYLE BENSON LYLE BENSON2017-10-12
0022015-01-01LYLE BENSON
0022014-01-01LYLE BENSON LYLE BENSON2015-07-31
0022013-01-01LYLE BENSON LYLE BENSON2014-10-09
0022012-01-01LYLE BENSON LYLE BENSON2013-07-26
0022011-01-01LYLE BENSON
0022009-01-01LYLE BENSON
0022009-01-01 LYLE BENSON2010-07-26

Plan Statistics for LK BENSON & COMPANY PC PROFIT SHARING PLAN

401k plan membership statisitcs for LK BENSON & COMPANY PC PROFIT SHARING PLAN

Measure Date Value
2022: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-013
Total number of active participants reported on line 7a of the Form 55002022-01-015
Total of all active and inactive participants2022-01-015
Total participants2022-01-015
Number of participants with account balances2022-01-015
2021: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-013
Total number of active participants reported on line 7a of the Form 55002021-01-013
Total of all active and inactive participants2021-01-013
Total participants2021-01-013
Number of participants with account balances2021-01-013
2020: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-013
Total number of active participants reported on line 7a of the Form 55002020-01-013
Total of all active and inactive participants2020-01-013
Total participants2020-01-013
Number of participants with account balances2020-01-013
2019: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-013
Total number of active participants reported on line 7a of the Form 55002019-01-013
Total of all active and inactive participants2019-01-013
Total participants2019-01-013
Number of participants with account balances2019-01-013
2018: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-013
Total number of active participants reported on line 7a of the Form 55002018-01-013
Total of all active and inactive participants2018-01-013
Total participants2018-01-013
2017: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-013
Total number of active participants reported on line 7a of the Form 55002017-01-013
Total of all active and inactive participants2017-01-013
Total participants2017-01-013
2016: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-013
Total number of active participants reported on line 7a of the Form 55002016-01-013
Total of all active and inactive participants2016-01-013
Total participants2016-01-013
2015: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-013
Total number of active participants reported on line 7a of the Form 55002015-01-013
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 participants2015-01-013
Total participants2015-01-013
2014: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-013
Total of all active and inactive participants2014-01-010
Total participants2014-01-010
2013: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-013
Total number of active participants reported on line 7a of the Form 55002013-01-013
Total of all active and inactive participants2013-01-013
Total participants2013-01-013
2012: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-013
Total number of active participants reported on line 7a of the Form 55002012-01-013
Total of all active and inactive participants2012-01-013
Total participants2012-01-013
2011: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-013
Total number of active participants reported on line 7a of the Form 55002011-01-013
Total of all active and inactive participants2011-01-013
Total participants2011-01-013
2009: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-012
Total number of active participants reported on line 7a of the Form 55002009-01-012
Total of all active and inactive participants2009-01-012
Total participants2009-01-012

Financial Data on LK BENSON & COMPANY PC PROFIT SHARING PLAN

Measure Date Value
2022 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources2022-12-31$-469,206
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$3,868,993
Total plan assets at beginning of year2022-12-31$4,338,199
Other income received2022-12-31$-651,220
Net income (gross income less expenses)2022-12-31$-469,206
Net plan assets at end of year (total assets less liabilities)2022-12-31$3,868,993
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$4,338,199
Total contributions received or receivable from employer(s)2022-12-31$182,014
2021 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources2021-12-31$658,036
Expenses. Total of all expenses incurred2021-12-31$0
Total plan assets at end of year2021-12-31$4,338,199
Total plan assets at beginning of year2021-12-31$3,680,163
Other income received2021-12-31$528,094
Net income (gross income less expenses)2021-12-31$658,036
Net plan assets at end of year (total assets less liabilities)2021-12-31$4,338,199
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$3,680,163
Total contributions received or receivable from employer(s)2021-12-31$129,942
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources2020-12-31$470,915
Expenses. Total of all expenses incurred2020-12-31$0
Total plan assets at end of year2020-12-31$3,680,163
Total plan assets at beginning of year2020-12-31$3,209,248
Other income received2020-12-31$358,008
Net income (gross income less expenses)2020-12-31$470,915
Net plan assets at end of year (total assets less liabilities)2020-12-31$3,680,163
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$3,209,248
Total contributions received or receivable from employer(s)2020-12-31$112,907
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$618,934
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$3,209,248
Total plan assets at beginning of year2019-12-31$2,590,314
Other income received2019-12-31$508,396
Net income (gross income less expenses)2019-12-31$618,934
Net plan assets at end of year (total assets less liabilities)2019-12-31$3,209,248
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$2,590,314
Total contributions received or receivable from employer(s)2019-12-31$110,538
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$-74,876
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$2,590,314
Total plan assets at beginning of year2018-12-31$2,665,190
Other income received2018-12-31$-175,215
Net income (gross income less expenses)2018-12-31$-74,876
Net plan assets at end of year (total assets less liabilities)2018-12-31$2,590,314
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$2,665,190
Total contributions received or receivable from employer(s)2018-12-31$100,339
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$459,338
Expenses. Total of all expenses incurred2017-12-31$0
Total plan assets at end of year2017-12-31$2,665,190
Total plan assets at beginning of year2017-12-31$2,205,852
Other income received2017-12-31$374,538
Net income (gross income less expenses)2017-12-31$459,338
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,665,190
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,205,852
Total contributions received or receivable from employer(s)2017-12-31$84,800
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$246,014
Expenses. Total of all expenses incurred2016-12-31$0
Total plan assets at end of year2016-12-31$2,205,853
Total plan assets at beginning of year2016-12-31$1,959,839
Other income received2016-12-31$155,992
Net income (gross income less expenses)2016-12-31$246,014
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,205,853
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,959,839
Total contributions received or receivable from employer(s)2016-12-31$90,022
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$34,914
Expenses. Total of all expenses incurred2015-12-31$0
Total plan assets at end of year2015-12-31$1,959,839
Total plan assets at beginning of year2015-12-31$1,924,925
Other income received2015-12-31$-44,486
Net income (gross income less expenses)2015-12-31$34,914
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,959,839
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,924,925
Total contributions received or receivable from employer(s)2015-12-31$79,400
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$182,172
Expenses. Total of all expenses incurred2014-12-31$0
Total plan assets at end of year2014-12-31$1,924,925
Total plan assets at beginning of year2014-12-31$1,742,753
Other income received2014-12-31$98,960
Net income (gross income less expenses)2014-12-31$182,172
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,924,925
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,742,753
Total contributions received or receivable from employer(s)2014-12-31$83,212
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$383,693
Expenses. Total of all expenses incurred2013-12-31$0
Total plan assets at end of year2013-12-31$1,742,753
Total plan assets at beginning of year2013-12-31$1,359,060
Other income received2013-12-31$302,784
Net income (gross income less expenses)2013-12-31$383,693
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,742,753
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,359,060
Total contributions received or receivable from employer(s)2013-12-31$80,909
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$256,874
Total plan assets at end of year2012-12-31$1,359,060
Total plan assets at beginning of year2012-12-31$1,102,186
Other income received2012-12-31$185,648
Net income (gross income less expenses)2012-12-31$256,874
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,359,060
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,102,186
Total contributions received or receivable from employer(s)2012-12-31$71,226
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$48,015
Total plan assets at end of year2011-12-31$1,102,186
Total plan assets at beginning of year2011-12-31$1,054,171
Other income received2011-12-31$-18,985
Net income (gross income less expenses)2011-12-31$48,015
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,102,186
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,054,171
Total contributions received or receivable from employer(s)2011-12-31$67,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$209,444
Total plan assets at end of year2010-12-31$1,054,171
Total plan assets at beginning of year2010-12-31$844,727
Other income received2010-12-31$145,435
Net income (gross income less expenses)2010-12-31$209,444
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,054,171
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$844,727
Total contributions received or receivable from employer(s)2010-12-31$64,009
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : LK BENSON & COMPANY PC PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for LK BENSON & COMPANY PC PROFIT SHARING PLAN

2022: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – General assets of the sponsorYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – General assets of the sponsorYes
2021-01-01Plan benefit arrangement - TrustYes
2020: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – General assets of the sponsorYes
2020-01-01Plan benefit arrangement - TrustYes
2019: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – General assets of the sponsorYes
2019-01-01Plan benefit arrangement - TrustYes
2018: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – General assets of the sponsorYes
2018-01-01Plan benefit arrangement - TrustYes
2017: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – General assets of the sponsorYes
2017-01-01Plan benefit arrangement - TrustYes
2016: LK BENSON & COMPANY PC 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 – General assets of the sponsorYes
2016-01-01Plan benefit arrangement - TrustYes
2015: LK BENSON & COMPANY PC 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 – General assets of the sponsorYes
2015-01-01Plan benefit arrangement - TrustYes
2014: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
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 – General assets of the sponsorYes
2014-01-01Plan benefit arrangement - TrustYes
2013: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – General assets of the sponsorYes
2013-01-01Plan benefit arrangement - TrustYes
2012: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – General assets of the sponsorYes
2012-01-01Plan benefit arrangement - TrustYes
2011: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – General assets of the sponsorYes
2011-01-01Plan benefit arrangement - TrustYes
2009: LK BENSON & COMPANY PC PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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 – General assets of the sponsorYes
2009-01-01Plan benefit arrangement - TrustYes

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