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THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameTHE FERRARO GROUP PROFIT SHARING PLAN AND TRUST
Plan identification number 001

THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 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
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.

401k Sponsoring company profile

THE FERRARO GROUP has sponsored the creation of one or more 401k plans.

Company Name:THE FERRARO GROUP
Employer identification number (EIN):760765402
NAIC Classification:541800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012017-01-01GREG FERRARO GREG FERRARO2018-05-17
0012016-01-01GREG FERRARO GREG FERRARO2017-07-31
0012015-01-01GREG FERRARO GREG FERRARO2016-05-18
0012014-01-01GREG FERRARO GREG FERRARO2015-05-18
0012013-01-01GREG FERRARO GREG FERRARO2014-05-28
0012012-01-01GREG FERRARO GREG FERRARO2013-05-02
0012011-01-01GREG FERRARO GREG FERRARO2012-05-15
0012009-01-01GREG FERRARO GREG FERRARO2010-08-06

Plan Statistics for THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST

Measure Date Value
2023: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2023 401k membership
Total participants, beginning-of-year2023-01-0112
Total number of active participants reported on line 7a of the Form 55002023-01-019
Number of other retired or separated participants entitled to future benefits2023-01-013
Total of all active and inactive participants2023-01-0112
Total participants2023-01-0112
Number of participants with account balances2023-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-0115
Total number of active participants reported on line 7a of the Form 55002022-01-018
Number of other retired or separated participants entitled to future benefits2022-01-014
Total of all active and inactive participants2022-01-0112
Total participants2022-01-0112
Number of participants with account balances2022-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-0114
Total number of active participants reported on line 7a of the Form 55002021-01-0115
Total of all active and inactive participants2021-01-0115
Total participants2021-01-0115
Number of participants with account balances2021-01-0115
2020: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-0111
Total number of active participants reported on line 7a of the Form 55002020-01-0114
Total of all active and inactive participants2020-01-0114
Total participants2020-01-0114
Number of participants with account balances2020-01-0114
2019: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-0110
Total number of active participants reported on line 7a of the Form 55002019-01-0111
Total of all active and inactive participants2019-01-0111
Total participants2019-01-0111
Number of participants with account balances2019-01-0111
2017: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-0110
Total number of active participants reported on line 7a of the Form 55002017-01-0111
Total of all active and inactive participants2017-01-0111
Total participants2017-01-0111
Number of participants with account balances2017-01-0111
2016: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-0110
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-011
Total participants2016-01-011
Number of participants with account balances2016-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011
2015: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-019
Total number of active participants reported on line 7a of the Form 55002015-01-0110
Total of all active and inactive participants2015-01-0110
Total participants2015-01-0110
Number of participants with account balances2015-01-0110
2014: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-018
Total number of active participants reported on line 7a of the Form 55002014-01-019
Total of all active and inactive participants2014-01-019
Total participants2014-01-019
Number of participants with account balances2014-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-011
2013: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-019
Total number of active participants reported on line 7a of the Form 55002013-01-017
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-018
Total participants2013-01-018
Number of participants with account balances2013-01-017
2012: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-018
Total number of active participants reported on line 7a of the Form 55002012-01-018
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-019
Total participants2012-01-019
Number of participants with account balances2012-01-018
2011: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-019
Total number of active participants reported on line 7a of the Form 55002011-01-018
Total of all active and inactive participants2011-01-018
Total participants2011-01-018
Number of participants with account balances2011-01-018
2009: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-014
Total number of active participants reported on line 7a of the Form 55002009-01-019
Total of all active and inactive participants2009-01-019
Total participants2009-01-019
Number of participants with account balances2009-01-019

Financial Data on THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST

Measure Date Value
2023 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2023 401k financial data
Total income from all sources2023-12-31$387,096
Expenses. Total of all expenses incurred2023-12-31$55,087
Benefits paid (including direct rollovers)2023-12-31$39,605
Total plan assets at end of year2023-12-31$2,173,354
Total plan assets at beginning of year2023-12-31$1,841,345
Value of fidelity bond covering the plan2023-12-31$150,000
Total contributions received or receivable from participants2023-12-31$62,500
Other income received2023-12-31$195,985
Net income (gross income less expenses)2023-12-31$332,009
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,173,354
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,841,345
Total contributions received or receivable from employer(s)2023-12-31$128,611
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$15,482
2022 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2022 401k financial data
Total income from all sources2022-12-31$-47,891
Expenses. Total of all expenses incurred2022-12-31$184,844
Benefits paid (including direct rollovers)2022-12-31$170,197
Total plan assets at end of year2022-12-31$1,841,345
Total plan assets at beginning of year2022-12-31$2,074,080
Value of fidelity bond covering the plan2022-12-31$150,000
Total contributions received or receivable from participants2022-12-31$59,500
Other income received2022-12-31$-215,823
Net income (gross income less expenses)2022-12-31$-232,735
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,841,345
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,074,080
Total contributions received or receivable from employer(s)2022-12-31$108,432
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$14,647
2021 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2021 401k financial data
Total income from all sources2021-12-31$377,127
Expenses. Total of all expenses incurred2021-12-31$44,566
Benefits paid (including direct rollovers)2021-12-31$29,605
Total plan assets at end of year2021-12-31$2,074,080
Total plan assets at beginning of year2021-12-31$1,741,519
Value of fidelity bond covering the plan2021-12-31$150,000
Total contributions received or receivable from participants2021-12-31$58,450
Other income received2021-12-31$210,899
Net income (gross income less expenses)2021-12-31$332,561
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,074,080
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,741,519
Total contributions received or receivable from employer(s)2021-12-31$107,778
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$14,961
2020 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2020 401k financial data
Total income from all sources2020-12-31$273,482
Expenses. Total of all expenses incurred2020-12-31$11,641
Total plan assets at end of year2020-12-31$1,741,519
Total plan assets at beginning of year2020-12-31$1,479,678
Value of fidelity bond covering the plan2020-12-31$150,000
Total contributions received or receivable from participants2020-12-31$57,400
Other income received2020-12-31$115,196
Net income (gross income less expenses)2020-12-31$261,841
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,741,519
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,479,678
Total contributions received or receivable from employer(s)2020-12-31$100,886
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$11,641
2019 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2019 401k financial data
Total income from all sources2019-12-31$328,690
Expenses. Total of all expenses incurred2019-12-31$10,062
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$1,479,678
Total plan assets at beginning of year2019-12-31$1,161,050
Value of fidelity bond covering the plan2019-12-31$150,000
Total contributions received or receivable from participants2019-12-31$53,800
Other income received2019-12-31$171,487
Net income (gross income less expenses)2019-12-31$318,628
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,479,678
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,161,050
Total contributions received or receivable from employer(s)2019-12-31$103,403
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$10,062
2017 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2017 401k financial data
Total income from all sources2017-12-31$200,211
Expenses. Total of all expenses incurred2017-12-31$10,441
Benefits paid (including direct rollovers)2017-12-31$1,463
Total plan assets at end of year2017-12-31$1,101,891
Total plan assets at beginning of year2017-12-31$912,121
Value of fidelity bond covering the plan2017-12-31$150,000
Total contributions received or receivable from participants2017-12-31$34,400
Other income received2017-12-31$73,907
Net income (gross income less expenses)2017-12-31$189,770
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,101,891
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$912,121
Total contributions received or receivable from employer(s)2017-12-31$91,904
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$8,978
2016 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2016 401k financial data
Total income from all sources2016-12-31$147,431
Expenses. Total of all expenses incurred2016-12-31$7,329
Total plan assets at end of year2016-12-31$912,121
Total plan assets at beginning of year2016-12-31$772,019
Value of fidelity bond covering the plan2016-12-31$75,000
Total contributions received or receivable from participants2016-12-31$34,400
Other income received2016-12-31$24,515
Net income (gross income less expenses)2016-12-31$140,102
Net plan assets at end of year (total assets less liabilities)2016-12-31$912,121
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$772,019
Total contributions received or receivable from employer(s)2016-12-31$88,516
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$7,329
2015 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2015 401k financial data
Total income from all sources2015-12-31$116,915
Expenses. Total of all expenses incurred2015-12-31$6,230
Total plan assets at end of year2015-12-31$772,019
Total plan assets at beginning of year2015-12-31$661,334
Value of fidelity bond covering the plan2015-12-31$75,000
Total contributions received or receivable from participants2015-12-31$34,400
Other income received2015-12-31$-4,438
Net income (gross income less expenses)2015-12-31$110,685
Net plan assets at end of year (total assets less liabilities)2015-12-31$772,019
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$661,334
Total contributions received or receivable from employer(s)2015-12-31$86,953
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$6,230
2014 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2014 401k financial data
Total income from all sources2014-12-31$103,722
Expenses. Total of all expenses incurred2014-12-31$7,781
Benefits paid (including direct rollovers)2014-12-31$2,235
Total plan assets at end of year2014-12-31$661,334
Total plan assets at beginning of year2014-12-31$565,393
Value of fidelity bond covering the plan2014-12-31$75,000
Total contributions received or receivable from participants2014-12-31$30,600
Other income received2014-12-31$-5,108
Net income (gross income less expenses)2014-12-31$95,941
Net plan assets at end of year (total assets less liabilities)2014-12-31$661,334
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$565,393
Total contributions received or receivable from employer(s)2014-12-31$78,230
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$5,546
2013 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2013 401k financial data
Total income from all sources2013-12-31$98,427
Expenses. Total of all expenses incurred2013-12-31$18,735
Benefits paid (including direct rollovers)2013-12-31$13,443
Total plan assets at end of year2013-12-31$565,393
Total plan assets at beginning of year2013-12-31$485,701
Value of fidelity bond covering the plan2013-12-31$50,000
Total contributions received or receivable from participants2013-12-31$29,500
Other income received2013-12-31$18,683
Net income (gross income less expenses)2013-12-31$79,692
Net plan assets at end of year (total assets less liabilities)2013-12-31$565,393
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$485,701
Total contributions received or receivable from employer(s)2013-12-31$50,244
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$5,292
2012 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Total income from all sources2012-12-31$140,366
Expenses. Total of all expenses incurred2012-12-31$18,818
Benefits paid (including direct rollovers)2012-12-31$14,100
Total plan assets at end of year2012-12-31$485,701
Total plan assets at beginning of year2012-12-31$364,153
Value of fidelity bond covering the plan2012-12-31$50,000
Total contributions received or receivable from participants2012-12-31$24,119
Other income received2012-12-31$41,211
Net income (gross income less expenses)2012-12-31$121,548
Net plan assets at end of year (total assets less liabilities)2012-12-31$485,701
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$364,153
Total contributions received or receivable from employer(s)2012-12-31$75,036
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$4,718
2011 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total income from all sources2011-12-31$47,569
Expenses. Total of all expenses incurred2011-12-31$47,789
Benefits paid (including direct rollovers)2011-12-31$43,326
Total plan assets at end of year2011-12-31$364,153
Total plan assets at beginning of year2011-12-31$364,373
Value of fidelity bond covering the plan2011-12-31$50,000
Total contributions received or receivable from participants2011-12-31$26,092
Other income received2011-12-31$531
Net income (gross income less expenses)2011-12-31$-220
Net plan assets at end of year (total assets less liabilities)2011-12-31$364,153
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$364,373
Total contributions received or receivable from employer(s)2011-12-31$20,946
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$4,463
2010 : THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total income from all sources2010-12-31$75,076
Expenses. Total of all expenses incurred2010-12-31$3,414
Total plan assets at end of year2010-12-31$364,373
Total plan assets at beginning of year2010-12-31$292,711
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$26,879
Other income received2010-12-31$24,998
Net income (gross income less expenses)2010-12-31$71,662
Net plan assets at end of year (total assets less liabilities)2010-12-31$364,373
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$292,711
Total contributions received or receivable from employer(s)2010-12-31$23,199
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$3,414

Form 5500 Responses for THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST

2023: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2017: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: THE FERRARO GROUP PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01This submission is the final filingNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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