401k Plan data: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN plan

RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 401k Plan overview

Plan Name	RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN
Plan identification number	002

RAND CAPITAL MANAGEMENT LLC 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
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.

401k Sponsoring company profile

RAND CAPITAL MANAGEMENT LLC has sponsored the creation of one or more 401k plans.

Company Name: RAND CAPITAL MANAGEMENT LLC

Employer identification number (EIN): 842246964

NAIC Classification: 523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RAND CAPITAL MANAGEMENT LLC PROFIT SHARING 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
002 2020-01-01
002 2020-01-01

Plan Statistics for RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN

401k plan membership statisitcs for RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN

Measure Date Value
2023: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 3
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 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING 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 2
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 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 2
Number of participants with account balances 2022-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 4
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 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 4
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 4
Number of participants with account balances 2020-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0

Measure	Date	Value
2023: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	3
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	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING 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	2
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	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	2
Number of participants with account balances	2022-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	4
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	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	4
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	4
Number of participants with account balances	2020-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0

Financial Data on RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN

Measure	Date	Value
2023 : RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2023 401k financial data
Total income from all sources	2023-12-31	$391,586
Expenses. Total of all expenses incurred	2023-12-31	$1,027,506
Benefits paid (including direct rollovers)	2023-12-31	$1,027,506
Total plan assets at end of year	2023-12-31	$762,039
Total plan assets at beginning of year	2023-12-31	$1,397,959
Value of fidelity bond covering the plan	2023-12-31	$400,000
Total contributions received or receivable from participants	2023-12-31	$70,483
Other income received	2023-12-31	$300,734
Net income (gross income less expenses)	2023-12-31	$-635,920
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$762,039
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$1,397,959
Total contributions received or receivable from employer(s)	2023-12-31	$20,369
2022 : RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$-415,072
Expenses. Total of all expenses incurred	2022-12-31	$2,021,660
Benefits paid (including direct rollovers)	2022-12-31	$2,021,660
Total plan assets at end of year	2022-12-31	$1,397,959
Total plan assets at beginning of year	2022-12-31	$3,834,691
Value of fidelity bond covering the plan	2022-12-31	$400,000
Total contributions received or receivable from participants	2022-12-31	$57,340
Other income received	2022-12-31	$-502,690
Net income (gross income less expenses)	2022-12-31	$-2,436,732
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$1,397,959
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$3,834,691
Total contributions received or receivable from employer(s)	2022-12-31	$30,278
2021 : RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$795,226
Expenses. Total of all expenses incurred	2021-12-31	$0
Total plan assets at end of year	2021-12-31	$3,834,691
Total plan assets at beginning of year	2021-12-31	$3,039,465
Value of fidelity bond covering the plan	2021-12-31	$400,000
Total contributions received or receivable from participants	2021-12-31	$84,423
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$660,866
Net income (gross income less expenses)	2021-12-31	$795,226
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$3,834,691
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,039,465
Total contributions received or receivable from employer(s)	2021-12-31	$49,937
2020 : RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$430,113
Expenses. Total of all expenses incurred	2020-12-31	$0
Total plan assets at end of year	2020-12-31	$3,039,465
Total plan assets at beginning of year	2020-12-31	$2,609,352
Value of fidelity bond covering the plan	2020-12-31	$400,000
Total contributions received or receivable from participants	2020-12-31	$77,248
Other income received	2020-12-31	$305,431
Net income (gross income less expenses)	2020-12-31	$430,113
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,039,465
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,609,352
Total contributions received or receivable from employer(s)	2020-12-31	$47,434

Form 5500 Responses for RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN

2023: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING 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: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING 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: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
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
2020: RAND CAPITAL MANAGEMENT LLC PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	RAND CAPITAL MANAGEMENT LLC
Employer identification number (EIN):	842246964
NAIC Classification:	523900