Civic Intelligence

Bales Sommers & Klein, P.A.

Plan context: Richard M. Bales, Jr., P.A. Profit Sharing Plan

EIN 59-2461894 • Miami, FL • 29 filings • 3 plans

2 South Biscayne Blvd., Suite 1881Miami, FL 33131-1808
Current Snapshot

Latest Year

2024

2024 Participants

3

2024 Assets

$533,993

2024 Contributions

$7,395

Historical Graphs

Total Assets Over Time

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

$885,198$442,599$0200220132024YearValue
$533,993Latest year 2024

Participants Over Time

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

420200220132024YearValue
3Latest 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
202413$533,993$7,395$2,465iApproximate average salary by contribution assumption: employee only about $61,625 at 4% or $41,083 at 6%; with 50% employer match about $41,083 at 4% or $27,389 at 6%; with 100% employer match about $30,813 at 4% or $20,542 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$533,993$7,395$2,465iApproximate average salary by contribution assumption: employee only about $61,625 at 4% or $41,083 at 6%; with 50% employer match about $41,083 at 4% or $27,389 at 6%; with 100% employer match about $30,813 at 4% or $20,542 at 6%.
202313$759,442$7,395$2,465iApproximate average salary by contribution assumption: employee only about $61,625 at 4% or $41,083 at 6%; with 50% employer match about $41,083 at 4% or $27,389 at 6%; with 100% employer match about $30,813 at 4% or $20,542 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$759,442$7,395$2,465iApproximate average salary by contribution assumption: employee only about $61,625 at 4% or $41,083 at 6%; with 50% employer match about $41,083 at 4% or $27,389 at 6%; with 100% employer match about $30,813 at 4% or $20,542 at 6%.
202213$799,323$37,430$12,477iApproximate average salary by contribution assumption: employee only about $311,917 at 4% or $207,944 at 6%; with 50% employer match about $207,944 at 4% or $138,630 at 6%; with 100% employer match about $155,958 at 4% or $103,972 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$799,323$37,430$12,477iApproximate average salary by contribution assumption: employee only about $311,917 at 4% or $207,944 at 6%; with 50% employer match about $207,944 at 4% or $138,630 at 6%; with 100% employer match about $155,958 at 4% or $103,972 at 6%.
202113$885,198$40,260$13,420iApproximate average salary by contribution assumption: employee only about $335,500 at 4% or $223,667 at 6%; with 50% employer match about $223,667 at 4% or $149,111 at 6%; with 100% employer match about $167,750 at 4% or $111,833 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$885,198$40,260$13,420iApproximate average salary by contribution assumption: employee only about $335,500 at 4% or $223,667 at 6%; with 50% employer match about $223,667 at 4% or $149,111 at 6%; with 100% employer match about $167,750 at 4% or $111,833 at 6%.
202014$758,707$61,896$15,474iApproximate average salary by contribution assumption: employee only about $386,850 at 4% or $257,900 at 6%; with 50% employer match about $257,900 at 4% or $171,933 at 6%; with 100% employer match about $193,425 at 4% or $128,950 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-4$758,707$61,896$15,474iApproximate average salary by contribution assumption: employee only about $386,850 at 4% or $257,900 at 6%; with 50% employer match about $257,900 at 4% or $171,933 at 6%; with 100% employer match about $193,425 at 4% or $128,950 at 6%.
201913$664,620$43,520$14,507iApproximate average salary by contribution assumption: employee only about $362,667 at 4% or $241,778 at 6%; with 50% employer match about $241,778 at 4% or $161,185 at 6%; with 100% employer match about $181,333 at 4% or $120,889 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$664,620$43,520$14,507iApproximate average salary by contribution assumption: employee only about $362,667 at 4% or $241,778 at 6%; with 50% employer match about $241,778 at 4% or $161,185 at 6%; with 100% employer match about $181,333 at 4% or $120,889 at 6%.
201813$583,617$40,000$13,333iApproximate average salary by contribution assumption: employee only about $333,333 at 4% or $222,222 at 6%; with 50% employer match about $222,222 at 4% or $148,148 at 6%; with 100% employer match about $166,667 at 4% or $111,111 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$583,617$40,000$13,333iApproximate average salary by contribution assumption: employee only about $333,333 at 4% or $222,222 at 6%; with 50% employer match about $222,222 at 4% or $148,148 at 6%; with 100% employer match about $166,667 at 4% or $111,111 at 6%.
201713$591,249$0-
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$591,249--
201613$601,518$25,000$8,333iApproximate average salary by contribution assumption: employee only about $208,333 at 4% or $138,889 at 6%; with 50% employer match about $138,889 at 4% or $92,593 at 6%; with 100% employer match about $104,167 at 4% or $69,444 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$601,518$25,000$8,333iApproximate average salary by contribution assumption: employee only about $208,333 at 4% or $138,889 at 6%; with 50% employer match about $138,889 at 4% or $92,593 at 6%; with 100% employer match about $104,167 at 4% or $69,444 at 6%.
201513$671,074$15,000$5,000iApproximate average salary by contribution assumption: employee only about $125,000 at 4% or $83,333 at 6%; with 50% employer match about $83,333 at 4% or $55,556 at 6%; with 100% employer match about $62,500 at 4% or $41,667 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$671,074$15,000$5,000iApproximate average salary by contribution assumption: employee only about $125,000 at 4% or $83,333 at 6%; with 50% employer match about $83,333 at 4% or $55,556 at 6%; with 100% employer match about $62,500 at 4% or $41,667 at 6%.
201413$826,456$27,174$9,058iApproximate average salary by contribution assumption: employee only about $226,450 at 4% or $150,967 at 6%; with 50% employer match about $150,967 at 4% or $100,644 at 6%; with 100% employer match about $113,225 at 4% or $75,483 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$826,456$27,174$9,058iApproximate average salary by contribution assumption: employee only about $226,450 at 4% or $150,967 at 6%; with 50% employer match about $150,967 at 4% or $100,644 at 6%; with 100% employer match about $113,225 at 4% or $75,483 at 6%.
201313$801,668$59,114$19,705iApproximate average salary by contribution assumption: employee only about $492,617 at 4% or $328,411 at 6%; with 50% employer match about $328,411 at 4% or $218,941 at 6%; with 100% employer match about $246,308 at 4% or $164,206 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$801,668$59,114$19,705iApproximate average salary by contribution assumption: employee only about $492,617 at 4% or $328,411 at 6%; with 50% employer match about $328,411 at 4% or $218,941 at 6%; with 100% employer match about $246,308 at 4% or $164,206 at 6%.
201213$693,612$39,901$13,300iApproximate average salary by contribution assumption: employee only about $332,508 at 4% or $221,672 at 6%; with 50% employer match about $221,672 at 4% or $147,781 at 6%; with 100% employer match about $166,254 at 4% or $110,836 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$693,612$39,901$13,300iApproximate average salary by contribution assumption: employee only about $332,508 at 4% or $221,672 at 6%; with 50% employer match about $221,672 at 4% or $147,781 at 6%; with 100% employer match about $166,254 at 4% or $110,836 at 6%.
201112$633,129$35,200$17,600iApproximate average salary by contribution assumption: employee only about $440,000 at 4% or $293,333 at 6%; with 50% employer match about $293,333 at 4% or $195,556 at 6%; with 100% employer match about $220,000 at 4% or $146,667 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-2$633,129$35,200$17,600iApproximate average salary by contribution assumption: employee only about $440,000 at 4% or $293,333 at 6%; with 50% employer match about $293,333 at 4% or $195,556 at 6%; with 100% employer match about $220,000 at 4% or $146,667 at 6%.
201013$673,028$73,879$24,626iApproximate average salary by contribution assumption: employee only about $615,658 at 4% or $410,439 at 6%; with 50% employer match about $410,439 at 4% or $273,626 at 6%; with 100% employer match about $307,829 at 4% or $205,219 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$673,028$73,879$24,626iApproximate average salary by contribution assumption: employee only about $615,658 at 4% or $410,439 at 6%; with 50% employer match about $410,439 at 4% or $273,626 at 6%; with 100% employer match about $307,829 at 4% or $205,219 at 6%.
200912$583,782$73,653$36,827iApproximate average salary by contribution assumption: employee only about $920,663 at 4% or $613,775 at 6%; with 50% employer match about $613,775 at 4% or $409,183 at 6%; with 100% employer match about $460,331 at 4% or $306,888 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-2$583,782$73,653$36,827iApproximate average salary by contribution assumption: employee only about $920,663 at 4% or $613,775 at 6%; with 50% employer match about $613,775 at 4% or $409,183 at 6%; with 100% employer match about $460,331 at 4% or $306,888 at 6%.
200812$483,443$58,147$29,074iApproximate average salary by contribution assumption: employee only about $726,838 at 4% or $484,558 at 6%; with 50% employer match about $484,558 at 4% or $323,039 at 6%; with 100% employer match about $363,419 at 4% or $242,279 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-2$483,443$58,147$29,074iApproximate average salary by contribution assumption: employee only about $726,838 at 4% or $484,558 at 6%; with 50% employer match about $484,558 at 4% or $323,039 at 6%; with 100% employer match about $363,419 at 4% or $242,279 at 6%.
200723$449,767$375,814$125,271iApproximate average salary by contribution assumption: employee only about $3,131,783 at 4% or $2,087,856 at 6%; with 50% employer match about $2,087,856 at 4% or $1,391,904 at 6%; with 100% employer match about $1,565,892 at 4% or $1,043,928 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-3$449,767$375,814$125,271iApproximate average salary by contribution assumption: employee only about $3,131,783 at 4% or $2,087,856 at 6%; with 50% employer match about $2,087,856 at 4% or $1,391,904 at 6%; with 100% employer match about $1,565,892 at 4% or $1,043,928 at 6%.
RICHARD M. BALES, JR., P.A. DEFINED BENEFIT PLAN-0---
200622$511,991$0-
RICHARD M. BALES, JR., P.A. DEFINED BENEFIT PLAN-1$439,330--
Richard M. Bales, Jr., P.A. Profit Sharing Plan-2$72,661--
200522$472,963$0-
RICHARD M. BALES, JR., P.A. DEFINED BENEFIT PLAN-2$401,161--
Richard M. Bales, Jr., P.A. Profit Sharing Plan-1$71,802--
200421$71,228$0-
Richard M. Bales, Jr., P.A. Profit Sharing Plan-1$71,228--
RICHARD M. BALES, JR., P.A. DEFINED BENEFIT PLAN-1---
200321$267,078$99,289$99,289iApproximate average salary by contribution assumption: employee only about $2,482,225 at 4% or $1,654,817 at 6%; with 50% employer match about $1,654,817 at 4% or $1,103,211 at 6%; with 100% employer match about $1,241,113 at 4% or $827,408 at 6%.
RICHARD M. BALES, JR., P.A. DEFINED BENEFIT PLAN-1$196,734$99,289$99,289iApproximate average salary by contribution assumption: employee only about $2,482,225 at 4% or $1,654,817 at 6%; with 50% employer match about $1,654,817 at 4% or $1,103,211 at 6%; with 100% employer match about $1,241,113 at 4% or $827,408 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-1$70,344--
200222$168,450$99,085$49,543iApproximate average salary by contribution assumption: employee only about $1,238,563 at 4% or $825,708 at 6%; with 50% employer match about $825,708 at 4% or $550,472 at 6%; with 100% employer match about $619,281 at 4% or $412,854 at 6%.
RICHARD M. BALES, JR., P.A. DEFINED BENEFIT PLAN-2$99,085$99,085$49,543iApproximate average salary by contribution assumption: employee only about $1,238,563 at 4% or $825,708 at 6%; with 50% employer match about $825,708 at 4% or $550,472 at 6%; with 100% employer match about $619,281 at 4% or $412,854 at 6%.
Richard M. Bales, Jr., P.A. Profit Sharing Plan-2$69,365--