Civic Intelligence

Best Practices LLC

Plan context: Best Practices Profit Sharing Plan

EIN 26-3358536 • Sandusky, OH • 17 filings • 2 plans

4604 Timber Commons DriveSandusky, OH 44870
Current Snapshot

Latest Year

2022

2022 Participants

2

2022 Assets

$211,556

2022 Contributions

$30,000

Historical Graphs

Total Assets Over Time

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

$481,910$240,955$0201320182022YearValue
$211,556Latest year 2022

Participants Over Time

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

320201320182022YearValue
2Latest year 2022

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
202212$211,556$30,000$15,000iApproximate average salary by contribution assumption: employee only about $375,000 at 4% or $250,000 at 6%; with 50% employer match about $250,000 at 4% or $166,667 at 6%; with 100% employer match about $187,500 at 4% or $125,000 at 6%.
Best Practices Profit Sharing Plan-2$211,556$30,000$15,000iApproximate average salary by contribution assumption: employee only about $375,000 at 4% or $250,000 at 6%; with 50% employer match about $250,000 at 4% or $166,667 at 6%; with 100% employer match about $187,500 at 4% or $125,000 at 6%.
202112$218,437$30,000$15,000iApproximate average salary by contribution assumption: employee only about $375,000 at 4% or $250,000 at 6%; with 50% employer match about $250,000 at 4% or $166,667 at 6%; with 100% employer match about $187,500 at 4% or $125,000 at 6%.
Best Practices Profit Sharing Plan-2$218,437$30,000$15,000iApproximate average salary by contribution assumption: employee only about $375,000 at 4% or $250,000 at 6%; with 50% employer match about $250,000 at 4% or $166,667 at 6%; with 100% employer match about $187,500 at 4% or $125,000 at 6%.
202013$168,574$30,000$10,000iApproximate average salary by contribution assumption: employee only about $250,000 at 4% or $166,667 at 6%; with 50% employer match about $166,667 at 4% or $111,111 at 6%; with 100% employer match about $125,000 at 4% or $83,333 at 6%.
Best Practices Profit Sharing Plan-3$168,574$30,000$10,000iApproximate average salary by contribution assumption: employee only about $250,000 at 4% or $166,667 at 6%; with 50% employer match about $166,667 at 4% or $111,111 at 6%; with 100% employer match about $125,000 at 4% or $83,333 at 6%.
201923$106,993$30,769$10,256iApproximate average salary by contribution assumption: employee only about $256,408 at 4% or $170,939 at 6%; with 50% employer match about $170,939 at 4% or $113,959 at 6%; with 100% employer match about $128,204 at 4% or $85,469 at 6%.
Best Practices Profit Sharing Plan-3$106,993$30,769$10,256iApproximate average salary by contribution assumption: employee only about $256,408 at 4% or $170,939 at 6%; with 50% employer match about $170,939 at 4% or $113,959 at 6%; with 100% employer match about $128,204 at 4% or $85,469 at 6%.
BEST PRACTICES CASH BALANCE PLAN-0$0$0-
201823$481,910$52,023$17,341iApproximate average salary by contribution assumption: employee only about $433,525 at 4% or $289,017 at 6%; with 50% employer match about $289,017 at 4% or $192,678 at 6%; with 100% employer match about $216,763 at 4% or $144,508 at 6%.
BEST PRACTICES CASH BALANCE PLAN-2$414,358$18,454$9,227iApproximate average salary by contribution assumption: employee only about $230,675 at 4% or $153,783 at 6%; with 50% employer match about $153,783 at 4% or $102,522 at 6%; with 100% employer match about $115,338 at 4% or $76,892 at 6%.
Best Practices Profit Sharing Plan-3$67,552$33,569$11,190iApproximate average salary by contribution assumption: employee only about $279,742 at 4% or $186,494 at 6%; with 50% employer match about $186,494 at 4% or $124,330 at 6%; with 100% employer match about $139,871 at 4% or $93,247 at 6%.
201723$441,207$45,250$15,083iApproximate average salary by contribution assumption: employee only about $377,083 at 4% or $251,389 at 6%; with 50% employer match about $251,389 at 4% or $167,593 at 6%; with 100% employer match about $188,542 at 4% or $125,694 at 6%.
BEST PRACTICES CASH BALANCE PLAN-2$403,044$10,800$5,400iApproximate average salary by contribution assumption: employee only about $135,000 at 4% or $90,000 at 6%; with 50% employer match about $90,000 at 4% or $60,000 at 6%; with 100% employer match about $67,500 at 4% or $45,000 at 6%.
Best Practices Profit Sharing Plan-3$38,163$34,450$11,483iApproximate average salary by contribution assumption: employee only about $287,083 at 4% or $191,389 at 6%; with 50% employer match about $191,389 at 4% or $127,593 at 6%; with 100% employer match about $143,542 at 4% or $95,694 at 6%.
201622$388,855$5,789$2,895iApproximate average salary by contribution assumption: employee only about $72,363 at 4% or $48,242 at 6%; with 50% employer match about $48,242 at 4% or $32,161 at 6%; with 100% employer match about $36,181 at 4% or $24,121 at 6%.
BEST PRACTICES CASH BALANCE PLAN-2$384,224$5,789$2,895iApproximate average salary by contribution assumption: employee only about $72,363 at 4% or $48,242 at 6%; with 50% employer match about $48,242 at 4% or $32,161 at 6%; with 100% employer match about $36,181 at 4% or $24,121 at 6%.
Best Practices Profit Sharing Plan-1$4,631--
201522$384,878$101,563$50,782iApproximate average salary by contribution assumption: employee only about $1,269,538 at 4% or $846,358 at 6%; with 50% employer match about $846,358 at 4% or $564,239 at 6%; with 100% employer match about $634,769 at 4% or $423,179 at 6%.
BEST PRACTICES CASH BALANCE PLAN-2$380,365$100,000$50,000iApproximate average salary by contribution assumption: employee only about $1,250,000 at 4% or $833,333 at 6%; with 50% employer match about $833,333 at 4% or $555,556 at 6%; with 100% employer match about $625,000 at 4% or $416,667 at 6%.
Best Practices Profit Sharing Plan-1$4,513$1,563$1,563iApproximate average salary by contribution assumption: employee only about $39,075 at 4% or $26,050 at 6%; with 50% employer match about $26,050 at 4% or $17,367 at 6%; with 100% employer match about $19,538 at 4% or $13,025 at 6%.
201422$273,017$101,478$50,739iApproximate average salary by contribution assumption: employee only about $1,268,475 at 4% or $845,650 at 6%; with 50% employer match about $845,650 at 4% or $563,767 at 6%; with 100% employer match about $634,238 at 4% or $422,825 at 6%.
BEST PRACTICES CASH BALANCE PLAN-2$270,044$100,000$50,000iApproximate average salary by contribution assumption: employee only about $1,250,000 at 4% or $833,333 at 6%; with 50% employer match about $833,333 at 4% or $555,556 at 6%; with 100% employer match about $625,000 at 4% or $416,667 at 6%.
Best Practices Profit Sharing Plan-1$2,973$1,478$1,478iApproximate average salary by contribution assumption: employee only about $36,950 at 4% or $24,633 at 6%; with 50% employer match about $24,633 at 4% or $16,422 at 6%; with 100% employer match about $18,475 at 4% or $12,317 at 6%.
201323$161,468$161,468$53,823iApproximate average salary by contribution assumption: employee only about $1,345,567 at 4% or $897,044 at 6%; with 50% employer match about $897,044 at 4% or $598,030 at 6%; with 100% employer match about $672,783 at 4% or $448,522 at 6%.
BEST PRACTICES CASH BALANCE PLAN-2$160,000$160,000$80,000iApproximate average salary by contribution assumption: employee only about $2,000,000 at 4% or $1,333,333 at 6%; with 50% employer match about $1,333,333 at 4% or $888,889 at 6%; with 100% employer match about $1,000,000 at 4% or $666,667 at 6%.
Best Practices Profit Sharing Plan-3$1,468$1,468$489iApproximate average salary by contribution assumption: employee only about $12,233 at 4% or $8,156 at 6%; with 50% employer match about $8,156 at 4% or $5,437 at 6%; with 100% employer match about $6,117 at 4% or $4,078 at 6%.