Civic Intelligence

Farrokh Shafaie

Plan context: Farrokh Shafaie Profit Sharing Plan and Trust

EIN 22-2600798 • Summit, NJ • 17 filings • 5 plans

148 Pine Grove AveSummit, NJ 07901
Current Snapshot

Latest Year

2021

2021 Participants

2

2021 Assets

$2,738,002

2021 Contributions

$70,385

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$2,952,263$1,476,132$0199920142021YearValue
$2,738,002Latest year 2021

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

840199920132021YearValue
2Latest year 2021

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202112$2,738,002$0-
Farrokh Shafaie Profit Sharing Plan and Trust-2$2,738,002$0-
202013$2,673,284$70,385$23,462iApproximate average salary by contribution assumption: employee only about $586,542 at 4% or $391,028 at 6%; with 50% employer match about $391,028 at 4% or $260,685 at 6%; with 100% employer match about $293,271 at 4% or $195,514 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-3$2,673,284$70,385$23,462iApproximate average salary by contribution assumption: employee only about $586,542 at 4% or $391,028 at 6%; with 50% employer match about $391,028 at 4% or $260,685 at 6%; with 100% employer match about $293,271 at 4% or $195,514 at 6%.
201914$2,539,071$0-
Farrokh Shafaie Profit Sharing Plan and Trust-4$2,539,071$0-
201814$2,573,773$31,092$7,773iApproximate average salary by contribution assumption: employee only about $194,325 at 4% or $129,550 at 6%; with 50% employer match about $129,550 at 4% or $86,367 at 6%; with 100% employer match about $97,163 at 4% or $64,775 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-4$2,573,773$31,092$7,773iApproximate average salary by contribution assumption: employee only about $194,325 at 4% or $129,550 at 6%; with 50% employer match about $129,550 at 4% or $86,367 at 6%; with 100% employer match about $97,163 at 4% or $64,775 at 6%.
201718$2,952,263$36,209$4,526iApproximate average salary by contribution assumption: employee only about $113,153 at 4% or $75,435 at 6%; with 50% employer match about $75,435 at 4% or $50,290 at 6%; with 100% employer match about $56,577 at 4% or $37,718 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-8$2,952,263$36,209$4,526iApproximate average salary by contribution assumption: employee only about $113,153 at 4% or $75,435 at 6%; with 50% employer match about $75,435 at 4% or $50,290 at 6%; with 100% employer match about $56,577 at 4% or $37,718 at 6%.
201613$2,283,876$50,000$16,667iApproximate average salary by contribution assumption: employee only about $416,667 at 4% or $277,778 at 6%; with 50% employer match about $277,778 at 4% or $185,185 at 6%; with 100% employer match about $208,333 at 4% or $138,889 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-3$2,283,876$50,000$16,667iApproximate average salary by contribution assumption: employee only about $416,667 at 4% or $277,778 at 6%; with 50% employer match about $277,778 at 4% or $185,185 at 6%; with 100% employer match about $208,333 at 4% or $138,889 at 6%.
201513$2,392,881$50,000$16,667iApproximate average salary by contribution assumption: employee only about $416,667 at 4% or $277,778 at 6%; with 50% employer match about $277,778 at 4% or $185,185 at 6%; with 100% employer match about $208,333 at 4% or $138,889 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-3$2,392,881$50,000$16,667iApproximate average salary by contribution assumption: employee only about $416,667 at 4% or $277,778 at 6%; with 50% employer match about $277,778 at 4% or $185,185 at 6%; with 100% employer match about $208,333 at 4% or $138,889 at 6%.
201413$1,769,385$67,498$22,499iApproximate average salary by contribution assumption: employee only about $562,483 at 4% or $374,989 at 6%; with 50% employer match about $374,989 at 4% or $249,993 at 6%; with 100% employer match about $281,242 at 4% or $187,494 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-3$1,769,385$67,498$22,499iApproximate average salary by contribution assumption: employee only about $562,483 at 4% or $374,989 at 6%; with 50% employer match about $374,989 at 4% or $249,993 at 6%; with 100% employer match about $281,242 at 4% or $187,494 at 6%.
201313$1,668,517$66,560$22,187iApproximate average salary by contribution assumption: employee only about $554,667 at 4% or $369,778 at 6%; with 50% employer match about $369,778 at 4% or $246,519 at 6%; with 100% employer match about $277,333 at 4% or $184,889 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-3$1,668,517$66,560$22,187iApproximate average salary by contribution assumption: employee only about $554,667 at 4% or $369,778 at 6%; with 50% employer match about $369,778 at 4% or $246,519 at 6%; with 100% employer match about $277,333 at 4% or $184,889 at 6%.
201213$1,580,783$62,713$20,904iApproximate average salary by contribution assumption: employee only about $522,608 at 4% or $348,406 at 6%; with 50% employer match about $348,406 at 4% or $232,270 at 6%; with 100% employer match about $261,304 at 4% or $174,203 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-3$1,580,783$62,713$20,904iApproximate average salary by contribution assumption: employee only about $522,608 at 4% or $348,406 at 6%; with 50% employer match about $348,406 at 4% or $232,270 at 6%; with 100% employer match about $261,304 at 4% or $174,203 at 6%.
201113$1,250,820$64,900$21,633iApproximate average salary by contribution assumption: employee only about $540,833 at 4% or $360,556 at 6%; with 50% employer match about $360,556 at 4% or $240,370 at 6%; with 100% employer match about $270,417 at 4% or $180,278 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-3$1,250,820$64,900$21,633iApproximate average salary by contribution assumption: employee only about $540,833 at 4% or $360,556 at 6%; with 50% employer match about $360,556 at 4% or $240,370 at 6%; with 100% employer match about $270,417 at 4% or $180,278 at 6%.
201013$1,077,657$61,000$20,333iApproximate average salary by contribution assumption: employee only about $508,333 at 4% or $338,889 at 6%; with 50% employer match about $338,889 at 4% or $225,926 at 6%; with 100% employer match about $254,167 at 4% or $169,444 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-3$1,077,657$61,000$20,333iApproximate average salary by contribution assumption: employee only about $508,333 at 4% or $338,889 at 6%; with 50% employer match about $338,889 at 4% or $225,926 at 6%; with 100% employer match about $254,167 at 4% or $169,444 at 6%.
200913$807,369$61,760$20,587iApproximate average salary by contribution assumption: employee only about $514,667 at 4% or $343,111 at 6%; with 50% employer match about $343,111 at 4% or $228,741 at 6%; with 100% employer match about $257,333 at 4% or $171,556 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-3$807,369$61,760$20,587iApproximate average salary by contribution assumption: employee only about $514,667 at 4% or $343,111 at 6%; with 50% employer match about $343,111 at 4% or $228,741 at 6%; with 100% employer match about $257,333 at 4% or $171,556 at 6%.
200813$0$0-
Farrokh Shafaie Profit Sharing Plan and Trust-3---
200713$0$0-
Farrokh Shafaie Profit Sharing Plan and Trust-3---
200313$695,474$56,100$18,700iApproximate average salary by contribution assumption: employee only about $467,500 at 4% or $311,667 at 6%; with 50% employer match about $311,667 at 4% or $207,778 at 6%; with 100% employer match about $233,750 at 4% or $155,833 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-3$695,474$56,100$18,700iApproximate average salary by contribution assumption: employee only about $467,500 at 4% or $311,667 at 6%; with 50% employer match about $311,667 at 4% or $207,778 at 6%; with 100% employer match about $233,750 at 4% or $155,833 at 6%.
199913$747,448$19,556$6,519iApproximate average salary by contribution assumption: employee only about $162,967 at 4% or $108,644 at 6%; with 50% employer match about $108,644 at 4% or $72,430 at 6%; with 100% employer match about $81,483 at 4% or $54,322 at 6%.
Farrokh Shafaie Profit Sharing Plan and Trust-3$747,448$19,556$6,519iApproximate average salary by contribution assumption: employee only about $162,967 at 4% or $108,644 at 6%; with 50% employer match about $108,644 at 4% or $72,430 at 6%; with 100% employer match about $81,483 at 4% or $54,322 at 6%.