Civic Intelligence

Formisano & Company PC.

Plan context: Formisano & Company 401(K) Profit Sharing Plan

EIN 45-5570103 • Cranston, RI • 10 filings • 3 plans

100 Midway Rd Ste 1Cranston, RI 02920-5742
Current Snapshot

Latest Year

2024

2024 Participants

2

2024 Assets

$495,587

2024 Contributions

$39,254

Historical Graphs

Total Assets Over Time

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

$951,780$475,890$0201520202024YearValue
$495,587Latest year 2024

Participants Over Time

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

530201520202024YearValue
2Latest year 2024

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
202412$495,587$39,254$19,627iApproximate average salary by contribution assumption: employee only about $490,675 at 4% or $327,117 at 6%; with 50% employer match about $327,117 at 4% or $218,078 at 6%; with 100% employer match about $245,338 at 4% or $163,558 at 6%.
Formisano & Company 401(K) Profit Sharing Plan-2$495,587$39,254$19,627iApproximate average salary by contribution assumption: employee only about $490,675 at 4% or $327,117 at 6%; with 50% employer match about $327,117 at 4% or $218,078 at 6%; with 100% employer match about $245,338 at 4% or $163,558 at 6%.
202313$399,895$30,591$10,197iApproximate average salary by contribution assumption: employee only about $254,925 at 4% or $169,950 at 6%; with 50% employer match about $169,950 at 4% or $113,300 at 6%; with 100% employer match about $127,463 at 4% or $84,975 at 6%.
Formisano & Company 401(K) Profit Sharing Plan-3$399,895$30,591$10,197iApproximate average salary by contribution assumption: employee only about $254,925 at 4% or $169,950 at 6%; with 50% employer match about $169,950 at 4% or $113,300 at 6%; with 100% employer match about $127,463 at 4% or $84,975 at 6%.
202213$797,755$55,627$18,542iApproximate average salary by contribution assumption: employee only about $463,558 at 4% or $309,039 at 6%; with 50% employer match about $309,039 at 4% or $206,026 at 6%; with 100% employer match about $231,779 at 4% or $154,519 at 6%.
Formisano & Company 401(K) Profit Sharing Plan-3$797,755$55,627$18,542iApproximate average salary by contribution assumption: employee only about $463,558 at 4% or $309,039 at 6%; with 50% employer match about $309,039 at 4% or $206,026 at 6%; with 100% employer match about $231,779 at 4% or $154,519 at 6%.
202115$951,780$56,711$11,342iApproximate average salary by contribution assumption: employee only about $283,555 at 4% or $189,037 at 6%; with 50% employer match about $189,037 at 4% or $126,024 at 6%; with 100% employer match about $141,778 at 4% or $94,518 at 6%.
Formisano & Company 401(K) Profit Sharing Plan-5$951,780$56,711$11,342iApproximate average salary by contribution assumption: employee only about $283,555 at 4% or $189,037 at 6%; with 50% employer match about $189,037 at 4% or $126,024 at 6%; with 100% employer match about $141,778 at 4% or $94,518 at 6%.
202014$801,016$62,458$15,615iApproximate average salary by contribution assumption: employee only about $390,363 at 4% or $260,242 at 6%; with 50% employer match about $260,242 at 4% or $173,494 at 6%; with 100% employer match about $195,181 at 4% or $130,121 at 6%.
Formisano & Company 401(K) Profit Sharing Plan-4$801,016$62,458$15,615iApproximate average salary by contribution assumption: employee only about $390,363 at 4% or $260,242 at 6%; with 50% employer match about $260,242 at 4% or $173,494 at 6%; with 100% employer match about $195,181 at 4% or $130,121 at 6%.
201914$631,882$59,797$14,949iApproximate average salary by contribution assumption: employee only about $373,731 at 4% or $249,154 at 6%; with 50% employer match about $249,154 at 4% or $166,103 at 6%; with 100% employer match about $186,866 at 4% or $124,577 at 6%.
Formisano & Company 401(K) Profit Sharing Plan-4$631,882$59,797$14,949iApproximate average salary by contribution assumption: employee only about $373,731 at 4% or $249,154 at 6%; with 50% employer match about $249,154 at 4% or $166,103 at 6%; with 100% employer match about $186,866 at 4% or $124,577 at 6%.
201815$468,823$58,011$11,602iApproximate average salary by contribution assumption: employee only about $290,055 at 4% or $193,370 at 6%; with 50% employer match about $193,370 at 4% or $128,913 at 6%; with 100% employer match about $145,028 at 4% or $96,685 at 6%.
Formisano & Company 401(K) Profit Sharing Plan-5$468,823$58,011$11,602iApproximate average salary by contribution assumption: employee only about $290,055 at 4% or $193,370 at 6%; with 50% employer match about $193,370 at 4% or $128,913 at 6%; with 100% employer match about $145,028 at 4% or $96,685 at 6%.
201714$445,237$53,645$13,411iApproximate average salary by contribution assumption: employee only about $335,281 at 4% or $223,521 at 6%; with 50% employer match about $223,521 at 4% or $149,014 at 6%; with 100% employer match about $167,641 at 4% or $111,760 at 6%.
Formisano & Company 401(K) Profit Sharing Plan-4$445,237$53,645$13,411iApproximate average salary by contribution assumption: employee only about $335,281 at 4% or $223,521 at 6%; with 50% employer match about $223,521 at 4% or $149,014 at 6%; with 100% employer match about $167,641 at 4% or $111,760 at 6%.
201614$330,917$36,693$9,173iApproximate average salary by contribution assumption: employee only about $229,331 at 4% or $152,888 at 6%; with 50% employer match about $152,888 at 4% or $101,925 at 6%; with 100% employer match about $114,666 at 4% or $76,444 at 6%.
Formisano & Company 401(K) Profit Sharing Plan-4$330,917$36,693$9,173iApproximate average salary by contribution assumption: employee only about $229,331 at 4% or $152,888 at 6%; with 50% employer match about $152,888 at 4% or $101,925 at 6%; with 100% employer match about $114,666 at 4% or $76,444 at 6%.
201515$289,057$297,811$59,562iApproximate average salary by contribution assumption: employee only about $1,489,055 at 4% or $992,703 at 6%; with 50% employer match about $992,703 at 4% or $661,802 at 6%; with 100% employer match about $744,528 at 4% or $496,352 at 6%.
Formisano & Company 401(K) Profit Sharing Plan-5$289,057$297,811$59,562iApproximate average salary by contribution assumption: employee only about $1,489,055 at 4% or $992,703 at 6%; with 50% employer match about $992,703 at 4% or $661,802 at 6%; with 100% employer match about $744,528 at 4% or $496,352 at 6%.