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VALENTINE CPA PROFIT SHARING PLAN 401k Plan overview

Plan NameVALENTINE CPA PROFIT SHARING PLAN
Plan identification number 001

VALENTINE CPA 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.

401k Sponsoring company profile

VALENTINE CPA, PC has sponsored the creation of one or more 401k plans.

Company Name:VALENTINE CPA, PC
Employer identification number (EIN):841384179
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VALENTINE CPA PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01RON R. VALENTINE
0012016-01-01RON R. VALENTINE
0012015-01-01RON R. VALENTINE
0012014-01-01RON R. VALENTINE
0012013-01-01RON R. VALENTINE
0012012-01-01RON R. VALENTINE
0012009-01-01RON R VALENTINE

Plan Statistics for VALENTINE CPA PROFIT SHARING PLAN

401k plan membership statisitcs for VALENTINE CPA PROFIT SHARING PLAN

Measure Date Value
2022: VALENTINE CPA PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-017
Total number of active participants reported on line 7a of the Form 55002022-01-018
Number of retired or separated participants receiving benefits2022-01-013
Total of all active and inactive participants2022-01-0111
Total participants2022-01-0111
Number of participants with account balances2022-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: VALENTINE CPA PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0113
Total number of active participants reported on line 7a of the Form 55002021-01-017
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-016
Total of all active and inactive participants2021-01-0113
Total participants2021-01-0113
Number of participants with account balances2021-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: VALENTINE CPA PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0114
Total number of active participants reported on line 7a of the Form 55002020-01-0116
Number of retired or separated participants receiving benefits2020-01-011
Total of all active and inactive participants2020-01-0117
Total participants2020-01-0117
Number of participants with account balances2020-01-0117
2019: VALENTINE CPA PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0113
Total number of active participants reported on line 7a of the Form 55002019-01-0113
Number of other retired or separated participants entitled to future benefits2019-01-011
Total of all active and inactive participants2019-01-0114
Total participants2019-01-0114
Number of participants with account balances2019-01-0114
2018: VALENTINE CPA PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0113
Total number of active participants reported on line 7a of the Form 55002018-01-0112
Total of all active and inactive participants2018-01-0112
Total participants2018-01-0112
Number of participants with account balances2018-01-0112
2017: VALENTINE CPA PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0111
Total number of active participants reported on line 7a of the Form 55002017-01-0113
Total of all active and inactive participants2017-01-0113
Total participants2017-01-0113
2016: VALENTINE CPA PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0112
Total number of active participants reported on line 7a of the Form 55002016-01-0111
Total of all active and inactive participants2016-01-0111
Total participants2016-01-0111
2015: VALENTINE CPA PROFIT SHARING PLAN 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
Number of retired or separated participants receiving benefits2015-01-013
Total of all active and inactive participants2015-01-0113
Total participants2015-01-0113
Number of participants with account balances2015-01-0113
2014: VALENTINE CPA 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 55002014-01-019
Number of other retired or separated participants entitled to future benefits2014-01-012
Total of all active and inactive participants2014-01-0111
Total participants2014-01-0111
Number of participants with account balances2014-01-0111
2013: VALENTINE CPA PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0111
Total number of active participants reported on line 7a of the Form 55002013-01-019
Number of other retired or separated participants entitled to future benefits2013-01-012
Total of all active and inactive participants2013-01-0111
Total participants2013-01-0111
Number of participants with account balances2013-01-0111
2012: VALENTINE CPA PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0110
Total number of active participants reported on line 7a of the Form 55002012-01-019
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-0110
Total participants2012-01-0110
Number of participants with account balances2012-01-0110
2009: VALENTINE CPA PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-018
Total number of active participants reported on line 7a of the Form 55002009-01-018
Total of all active and inactive participants2009-01-018
Total participants2009-01-018
Number of participants with account balances2009-01-018

Financial Data on VALENTINE CPA PROFIT SHARING PLAN

Measure Date Value
2022 : VALENTINE CPA PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources2022-12-31$-25,637
Expenses. Total of all expenses incurred2022-12-31$2,713
Total plan assets at end of year2022-12-31$552,565
Total plan assets at beginning of year2022-12-31$580,915
Value of fidelity bond covering the plan2022-12-31$50,000
Total contributions received or receivable from participants2022-12-31$11,578
Other income received2022-12-31$-83,531
Net income (gross income less expenses)2022-12-31$-28,350
Net plan assets at end of year (total assets less liabilities)2022-12-31$552,565
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$580,915
Total contributions received or receivable from employer(s)2022-12-31$46,316
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$2,713
2021 : VALENTINE CPA PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources2021-12-31$162,908
Expenses. Total of all expenses incurred2021-12-31$1,801
Total plan assets at end of year2021-12-31$593,844
Total plan assets at beginning of year2021-12-31$432,737
Value of fidelity bond covering the plan2021-12-31$50,000
Total contributions received or receivable from participants2021-12-31$66,845
Other income received2021-12-31$64,062
Net income (gross income less expenses)2021-12-31$161,107
Net plan assets at end of year (total assets less liabilities)2021-12-31$593,844
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$432,737
Total contributions received or receivable from employer(s)2021-12-31$32,001
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$1,801
2020 : VALENTINE CPA PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources2020-12-31$91,573
Expenses. Total of all expenses incurred2020-12-31$831
Total plan assets at end of year2020-12-31$432,737
Total plan assets at beginning of year2020-12-31$341,995
Value of fidelity bond covering the plan2020-12-31$50,000
Total contributions received or receivable from participants2020-12-31$7,051
Other income received2020-12-31$44,571
Net income (gross income less expenses)2020-12-31$90,742
Net plan assets at end of year (total assets less liabilities)2020-12-31$432,737
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$341,995
Total contributions received or receivable from employer(s)2020-12-31$39,951
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$831
2019 : VALENTINE CPA PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$99,861
Expenses. Total of all expenses incurred2019-12-31$1,244
Benefits paid (including direct rollovers)2019-12-31$546
Total plan assets at end of year2019-12-31$341,995
Total plan assets at beginning of year2019-12-31$243,378
Value of fidelity bond covering the plan2019-12-31$50,000
Total contributions received or receivable from participants2019-12-31$7,988
Other income received2019-12-31$55,482
Net income (gross income less expenses)2019-12-31$98,617
Net plan assets at end of year (total assets less liabilities)2019-12-31$341,995
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$243,378
Total contributions received or receivable from employer(s)2019-12-31$36,391
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$698
2018 : VALENTINE CPA PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$18,241
Expenses. Total of all expenses incurred2018-12-31$310,952
Benefits paid (including direct rollovers)2018-12-31$310,598
Total plan assets at end of year2018-12-31$243,378
Total plan assets at beginning of year2018-12-31$536,089
Value of fidelity bond covering the plan2018-12-31$50,000
Total contributions received or receivable from participants2018-12-31$35,918
Expenses. Other expenses not covered elsewhere2018-12-31$354
Other income received2018-12-31$-25,561
Net income (gross income less expenses)2018-12-31$-292,711
Net plan assets at end of year (total assets less liabilities)2018-12-31$243,378
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$536,089
Total contributions received or receivable from employer(s)2018-12-31$7,884
2017 : VALENTINE CPA PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$17,453
Total plan assets at end of year2017-12-31$536,089
Total plan assets at beginning of year2017-12-31$518,636
Total contributions received or receivable from participants2017-12-31$46,778
Other income received2017-12-31$-44,334
Net income (gross income less expenses)2017-12-31$17,453
Net plan assets at end of year (total assets less liabilities)2017-12-31$536,089
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$518,636
Total contributions received or receivable from employer(s)2017-12-31$15,009
2016 : VALENTINE CPA PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$103,880
Expenses. Total of all expenses incurred2016-12-31$7,003
Benefits paid (including direct rollovers)2016-12-31$6,808
Total plan assets at end of year2016-12-31$518,636
Total plan assets at beginning of year2016-12-31$421,759
Total contributions received or receivable from participants2016-12-31$51,173
Expenses. Other expenses not covered elsewhere2016-12-31$195
Other income received2016-12-31$35,114
Net income (gross income less expenses)2016-12-31$96,877
Net plan assets at end of year (total assets less liabilities)2016-12-31$518,636
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$421,759
Total contributions received or receivable from employer(s)2016-12-31$17,593
2015 : VALENTINE CPA PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$-16,116
Expenses. Total of all expenses incurred2015-12-31$184
Total plan assets at end of year2015-12-31$421,759
Total plan assets at beginning of year2015-12-31$438,059
Total contributions received or receivable from participants2015-12-31$27,052
Expenses. Other expenses not covered elsewhere2015-12-31$184
Other income received2015-12-31$-78,876
Net income (gross income less expenses)2015-12-31$-16,300
Net plan assets at end of year (total assets less liabilities)2015-12-31$421,759
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$438,059
Total contributions received or receivable from employer(s)2015-12-31$35,708
2014 : VALENTINE CPA PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$4,837
Expenses. Total of all expenses incurred2014-12-31$281
Total plan assets at end of year2014-12-31$438,059
Total plan assets at beginning of year2014-12-31$433,503
Total contributions received or receivable from participants2014-12-31$51,728
Expenses. Other expenses not covered elsewhere2014-12-31$281
Other income received2014-12-31$-58,246
Net income (gross income less expenses)2014-12-31$4,556
Net plan assets at end of year (total assets less liabilities)2014-12-31$438,059
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$433,503
Total contributions received or receivable from employer(s)2014-12-31$11,355
2013 : VALENTINE CPA PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$64,621
Expenses. Total of all expenses incurred2013-12-31$5,473
Benefits paid (including direct rollovers)2013-12-31$5,000
Total plan assets at end of year2013-12-31$433,503
Total plan assets at beginning of year2013-12-31$374,355
Total contributions received or receivable from participants2013-12-31$52,346
Expenses. Other expenses not covered elsewhere2013-12-31$473
Other income received2013-12-31$804
Net income (gross income less expenses)2013-12-31$59,148
Net plan assets at end of year (total assets less liabilities)2013-12-31$433,503
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$374,355
Total contributions received or receivable from employer(s)2013-12-31$11,471
2012 : VALENTINE CPA PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$112,592
Expenses. Total of all expenses incurred2012-12-31$365
Total plan assets at end of year2012-12-31$450,802
Total plan assets at beginning of year2012-12-31$338,575
Value of fidelity bond covering the plan2012-12-31$50,000
Total contributions received or receivable from participants2012-12-31$52,620
Expenses. Other expenses not covered elsewhere2012-12-31$365
Other income received2012-12-31$48,718
Net income (gross income less expenses)2012-12-31$112,227
Net plan assets at end of year (total assets less liabilities)2012-12-31$450,802
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$338,575
Total contributions received or receivable from employer(s)2012-12-31$11,254
2011 : VALENTINE CPA PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$38,991
Total income from all sources2011-12-31$27,357
Expenses. Total of all expenses incurred2011-12-31$238
Total plan assets at end of year2011-12-31$338,575
Total plan assets at beginning of year2011-12-31$272,465
Total contributions received or receivable from participants2011-12-31$51,552
Expenses. Other expenses not covered elsewhere2011-12-31$238
Other income received2011-12-31$-34,572
Net income (gross income less expenses)2011-12-31$27,119
Net plan assets at end of year (total assets less liabilities)2011-12-31$338,575
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$272,465
Total contributions received or receivable from employer(s)2011-12-31$10,377
2010 : VALENTINE CPA PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$97,757
Total plan assets at end of year2010-12-31$272,465
Total plan assets at beginning of year2010-12-31$174,708
Value of fidelity bond covering the plan2010-12-31$20,000
Total contributions received or receivable from participants2010-12-31$50,017
Other income received2010-12-31$39,309
Net income (gross income less expenses)2010-12-31$97,757
Net plan assets at end of year (total assets less liabilities)2010-12-31$272,465
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$174,708
Total contributions received or receivable from employer(s)2010-12-31$8,431

Form 5500 Responses for VALENTINE CPA PROFIT SHARING PLAN

2022: VALENTINE CPA 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: VALENTINE CPA 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 – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: VALENTINE CPA 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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: VALENTINE CPA 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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: VALENTINE CPA PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: VALENTINE CPA PROFIT SHARING PLAN 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: VALENTINE CPA PROFIT SHARING PLAN 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: VALENTINE CPA PROFIT SHARING PLAN 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: VALENTINE CPA PROFIT SHARING PLAN 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: VALENTINE CPA PROFIT SHARING PLAN 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: VALENTINE CPA PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2009: VALENTINE CPA PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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