401k Plan data: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN plan

SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN
Plan identification number	001

SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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
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.

401k Sponsoring company profile

SORRELLS AUDIOLOGY LLC has sponsored the creation of one or more 401k plans.

Company Name: SORRELLS AUDIOLOGY LLC

Employer identification number (EIN): 812795789

NAIC Classification: 621340
NAIC Description: Offices of Physical, Occupational and Speech Therapists, and Audiologists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 HEIDI J SORRELLS

Plan Statistics for SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 7
Number of retired or separated participants receiving benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 7
Total participants 2022-01-01 7
Number of participants with account balances 2022-01-01 7
2021: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 8
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 7
Number of retired or separated participants receiving benefits 2021-01-01 1
Total of all active and inactive participants 2021-01-01 8
Total participants 2021-01-01 8
Number of participants with account balances 2021-01-01 7
2020: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 7
Number of other retired or separated participants entitled to future benefits 2020-01-01 1
Total of all active and inactive participants 2020-01-01 8
Total participants 2020-01-01 8
Number of participants with account balances 2020-01-01 8
2019: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 7
Total of all active and inactive participants 2019-01-01 7
Total participants 2019-01-01 7
Number of participants with account balances 2019-01-01 7
2018: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 5
Total of all active and inactive participants 2018-01-01 5
Total participants 2018-01-01 5
Number of participants with account balances 2018-01-01 5
2017: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 5
Total of all active and inactive participants 2017-01-01 5
Total participants 2017-01-01 5
Number of participants with account balances 2017-01-01 5

Measure	Date	Value
2022: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	7
Number of retired or separated participants receiving benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	7
Total participants	2022-01-01	7
Number of participants with account balances	2022-01-01	7
2021: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	8
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	7
Number of retired or separated participants receiving benefits	2021-01-01	1
Total of all active and inactive participants	2021-01-01	8
Total participants	2021-01-01	8
Number of participants with account balances	2021-01-01	7
2020: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	7
Number of other retired or separated participants entitled to future benefits	2020-01-01	1
Total of all active and inactive participants	2020-01-01	8
Total participants	2020-01-01	8
Number of participants with account balances	2020-01-01	8
2019: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	7
Total of all active and inactive participants	2019-01-01	7
Total participants	2019-01-01	7
Number of participants with account balances	2019-01-01	7
2018: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	5
Total of all active and inactive participants	2018-01-01	5
Total participants	2018-01-01	5
Number of participants with account balances	2018-01-01	5
2017: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	5
Total of all active and inactive participants	2017-01-01	5
Total participants	2017-01-01	5
Number of participants with account balances	2017-01-01	5

Financial Data on SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2022 : SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$-24,429
Expenses. Total of all expenses incurred	2022-12-31	$19,775
Benefits paid (including direct rollovers)	2022-12-31	$13,000
Total plan assets at end of year	2022-12-31	$639,743
Total plan assets at beginning of year	2022-12-31	$683,947
Total contributions received or receivable from participants	2022-12-31	$39,136
Other income received	2022-12-31	$-85,948
Net income (gross income less expenses)	2022-12-31	$-44,204
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$639,743
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$683,947
Assets. Value of participant loans	2022-12-31	$10,221
Total contributions received or receivable from employer(s)	2022-12-31	$22,383
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$6,775
2021 : SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$169,198
Expenses. Total of all expenses incurred	2021-12-31	$7,579
Benefits paid (including direct rollovers)	2021-12-31	$205
Total plan assets at end of year	2021-12-31	$683,947
Total plan assets at beginning of year	2021-12-31	$522,328
Total contributions received or receivable from participants	2021-12-31	$37,849
Other income received	2021-12-31	$93,930
Net income (gross income less expenses)	2021-12-31	$161,619
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$683,947
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$522,328
Assets. Value of participant loans	2021-12-31	$15,162
Total contributions received or receivable from employer(s)	2021-12-31	$37,419
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$7,374
2020 : SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$110,436
Expenses. Total of all expenses incurred	2020-12-31	$13,349
Benefits paid (including direct rollovers)	2020-12-31	$8,000
Total plan assets at end of year	2020-12-31	$522,328
Total plan assets at beginning of year	2020-12-31	$425,241
Total contributions received or receivable from participants	2020-12-31	$37,103
Other income received	2020-12-31	$48,681
Net income (gross income less expenses)	2020-12-31	$97,087
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$522,328
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$425,241
Assets. Value of participant loans	2020-12-31	$20,000
Total contributions received or receivable from employer(s)	2020-12-31	$24,652
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$5,349
2019 : SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$122,773
Expenses. Total of all expenses incurred	2019-12-31	$4,369
Total plan assets at end of year	2019-12-31	$425,241
Total plan assets at beginning of year	2019-12-31	$306,837
Total contributions received or receivable from participants	2019-12-31	$36,295
Other income received	2019-12-31	$62,007
Net income (gross income less expenses)	2019-12-31	$118,404
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$425,241
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$306,837
Total contributions received or receivable from employer(s)	2019-12-31	$24,471
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$4,369
2018 : SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$231,228
Expenses. Total of all expenses incurred	2018-12-31	$2,132
Total plan assets at end of year	2018-12-31	$306,837
Total plan assets at beginning of year	2018-12-31	$77,741
Total contributions received or receivable from participants	2018-12-31	$30,204
Expenses. Other expenses not covered elsewhere	2018-12-31	$2,132
Contributions received from other sources (not participants or employers)	2018-12-31	$163,800
Other income received	2018-12-31	$-15,639
Net income (gross income less expenses)	2018-12-31	$229,096
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$306,837
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$77,741
Total contributions received or receivable from employer(s)	2018-12-31	$52,863
2017 : SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$78,171
Expenses. Total of all expenses incurred	2017-12-31	$430
Total plan assets at end of year	2017-12-31	$77,741
Total contributions received or receivable from participants	2017-12-31	$22,027
Expenses. Other expenses not covered elsewhere	2017-12-31	$430
Other income received	2017-12-31	$1
Net income (gross income less expenses)	2017-12-31	$77,741
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$77,741
Total contributions received or receivable from employer(s)	2017-12-31	$56,143

Form 5500 Responses for SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN

2022: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SORRELLS AUDIOLOGY 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	First time form 5500 has been submitted	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	SORRELLS AUDIOLOGY LLC
Employer identification number (EIN):	812795789
NAIC Classification:	621340
NAIC Description:	Offices of Physical, Occupational and Speech Therapists, and Audiologists