Civic Intelligence

Formico Insurance Agency

Plan context: Formico Insurance Agency Profit Sharing Plan

EIN 77-0110785 • San Jose, CA • 25 filings • 4 plans

2695 Moorpark Avenue, Suite 201San Jose, CA 95128
Current Snapshot

Latest Year

2022

2022 Participants

8

2022 Assets

$3,445,841

2022 Contributions

$45,621

Historical Graphs

Total Assets Over Time

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

$4,050,991$2,025,496$0200220122022YearValue
$3,445,841Latest year 2022

Participants Over Time

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

840200120122022YearValue
8Latest 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
202218$3,445,841$45,621$5,703iApproximate average salary by contribution assumption: employee only about $142,566 at 4% or $95,044 at 6%; with 50% employer match about $95,044 at 4% or $63,363 at 6%; with 100% employer match about $71,283 at 4% or $47,522 at 6%.
Formico Insurance Agency Profit Sharing Plan-8$3,445,841$45,621$5,703iApproximate average salary by contribution assumption: employee only about $142,566 at 4% or $95,044 at 6%; with 50% employer match about $95,044 at 4% or $63,363 at 6%; with 100% employer match about $71,283 at 4% or $47,522 at 6%.
202118$4,050,991$41,660$5,208iApproximate average salary by contribution assumption: employee only about $130,188 at 4% or $86,792 at 6%; with 50% employer match about $86,792 at 4% or $57,861 at 6%; with 100% employer match about $65,094 at 4% or $43,396 at 6%.
Formico Insurance Agency Profit Sharing Plan-8$4,050,991$41,660$5,208iApproximate average salary by contribution assumption: employee only about $130,188 at 4% or $86,792 at 6%; with 50% employer match about $86,792 at 4% or $57,861 at 6%; with 100% employer match about $65,094 at 4% or $43,396 at 6%.
202018$3,483,766$42,490$5,311iApproximate average salary by contribution assumption: employee only about $132,781 at 4% or $88,521 at 6%; with 50% employer match about $88,521 at 4% or $59,014 at 6%; with 100% employer match about $66,391 at 4% or $44,260 at 6%.
Formico Insurance Agency Profit Sharing Plan-8$3,483,766$42,490$5,311iApproximate average salary by contribution assumption: employee only about $132,781 at 4% or $88,521 at 6%; with 50% employer match about $88,521 at 4% or $59,014 at 6%; with 100% employer match about $66,391 at 4% or $44,260 at 6%.
201918$2,883,707$41,745$5,218iApproximate average salary by contribution assumption: employee only about $130,453 at 4% or $86,969 at 6%; with 50% employer match about $86,969 at 4% or $57,979 at 6%; with 100% employer match about $65,227 at 4% or $43,484 at 6%.
Formico Insurance Agency Profit Sharing Plan-8$2,883,707$41,745$5,218iApproximate average salary by contribution assumption: employee only about $130,453 at 4% or $86,969 at 6%; with 50% employer match about $86,969 at 4% or $57,979 at 6%; with 100% employer match about $65,227 at 4% or $43,484 at 6%.
201818$2,208,959$40,287$5,036iApproximate average salary by contribution assumption: employee only about $125,897 at 4% or $83,931 at 6%; with 50% employer match about $83,931 at 4% or $55,954 at 6%; with 100% employer match about $62,948 at 4% or $41,966 at 6%.
Formico Insurance Agency Profit Sharing Plan-8$2,208,959$40,287$5,036iApproximate average salary by contribution assumption: employee only about $125,897 at 4% or $83,931 at 6%; with 50% employer match about $83,931 at 4% or $55,954 at 6%; with 100% employer match about $62,948 at 4% or $41,966 at 6%.
201717$2,330,896$40,309$5,758iApproximate average salary by contribution assumption: employee only about $143,961 at 4% or $95,974 at 6%; with 50% employer match about $95,974 at 4% or $63,983 at 6%; with 100% employer match about $71,980 at 4% or $47,987 at 6%.
Formico Insurance Agency Profit Sharing Plan-7$2,330,896$40,309$5,758iApproximate average salary by contribution assumption: employee only about $143,961 at 4% or $95,974 at 6%; with 50% employer match about $95,974 at 4% or $63,983 at 6%; with 100% employer match about $71,980 at 4% or $47,987 at 6%.
201616$1,997,713$36,905$6,151iApproximate average salary by contribution assumption: employee only about $153,771 at 4% or $102,514 at 6%; with 50% employer match about $102,514 at 4% or $68,343 at 6%; with 100% employer match about $76,885 at 4% or $51,257 at 6%.
Formico Insurance Agency Profit Sharing Plan-6$1,997,713$36,905$6,151iApproximate average salary by contribution assumption: employee only about $153,771 at 4% or $102,514 at 6%; with 50% employer match about $102,514 at 4% or $68,343 at 6%; with 100% employer match about $76,885 at 4% or $51,257 at 6%.
201515$1,879,460$40,065$8,013iApproximate average salary by contribution assumption: employee only about $200,325 at 4% or $133,550 at 6%; with 50% employer match about $133,550 at 4% or $89,033 at 6%; with 100% employer match about $100,163 at 4% or $66,775 at 6%.
Formico Insurance Agency Profit Sharing Plan-5$1,879,460$40,065$8,013iApproximate average salary by contribution assumption: employee only about $200,325 at 4% or $133,550 at 6%; with 50% employer match about $133,550 at 4% or $89,033 at 6%; with 100% employer match about $100,163 at 4% or $66,775 at 6%.
201416$1,987,052$30,809$5,135iApproximate average salary by contribution assumption: employee only about $128,371 at 4% or $85,581 at 6%; with 50% employer match about $85,581 at 4% or $57,054 at 6%; with 100% employer match about $64,185 at 4% or $42,790 at 6%.
Formico Insurance Agency Profit Sharing Plan-6$1,987,052$30,809$5,135iApproximate average salary by contribution assumption: employee only about $128,371 at 4% or $85,581 at 6%; with 50% employer match about $85,581 at 4% or $57,054 at 6%; with 100% employer match about $64,185 at 4% or $42,790 at 6%.
201314$1,887,500$66,690$16,673iApproximate average salary by contribution assumption: employee only about $416,813 at 4% or $277,875 at 6%; with 50% employer match about $277,875 at 4% or $185,250 at 6%; with 100% employer match about $208,406 at 4% or $138,938 at 6%.
Formico Insurance Agency Profit Sharing Plan-4$1,887,500$66,690$16,673iApproximate average salary by contribution assumption: employee only about $416,813 at 4% or $277,875 at 6%; with 50% employer match about $277,875 at 4% or $185,250 at 6%; with 100% employer match about $208,406 at 4% or $138,938 at 6%.
201213$1,541,734$60,149$20,050iApproximate average salary by contribution assumption: employee only about $501,242 at 4% or $334,161 at 6%; with 50% employer match about $334,161 at 4% or $222,774 at 6%; with 100% employer match about $250,621 at 4% or $167,081 at 6%.
Formico Insurance Agency Profit Sharing Plan-3$1,541,734$60,149$20,050iApproximate average salary by contribution assumption: employee only about $501,242 at 4% or $334,161 at 6%; with 50% employer match about $334,161 at 4% or $222,774 at 6%; with 100% employer match about $250,621 at 4% or $167,081 at 6%.
201113$1,303,552$64,171$21,390iApproximate average salary by contribution assumption: employee only about $534,758 at 4% or $356,506 at 6%; with 50% employer match about $356,506 at 4% or $237,670 at 6%; with 100% employer match about $267,379 at 4% or $178,253 at 6%.
Formico Insurance Agency Profit Sharing Plan-3$1,303,552$64,171$21,390iApproximate average salary by contribution assumption: employee only about $534,758 at 4% or $356,506 at 6%; with 50% employer match about $356,506 at 4% or $237,670 at 6%; with 100% employer match about $267,379 at 4% or $178,253 at 6%.
201013$1,275,468$64,780$21,593iApproximate average salary by contribution assumption: employee only about $539,833 at 4% or $359,889 at 6%; with 50% employer match about $359,889 at 4% or $239,926 at 6%; with 100% employer match about $269,917 at 4% or $179,944 at 6%.
Formico Insurance Agency Profit Sharing Plan-3$1,275,468$64,780$21,593iApproximate average salary by contribution assumption: employee only about $539,833 at 4% or $359,889 at 6%; with 50% employer match about $359,889 at 4% or $239,926 at 6%; with 100% employer match about $269,917 at 4% or $179,944 at 6%.
200913$1,077,316$62,800$20,933iApproximate average salary by contribution assumption: employee only about $523,333 at 4% or $348,889 at 6%; with 50% employer match about $348,889 at 4% or $232,593 at 6%; with 100% employer match about $261,667 at 4% or $174,444 at 6%.
Formico Insurance Agency Profit Sharing Plan-3$1,077,316$62,800$20,933iApproximate average salary by contribution assumption: employee only about $523,333 at 4% or $348,889 at 6%; with 50% employer match about $348,889 at 4% or $232,593 at 6%; with 100% employer match about $261,667 at 4% or $174,444 at 6%.
200813$803,374$58,950$19,650iApproximate average salary by contribution assumption: employee only about $491,250 at 4% or $327,500 at 6%; with 50% employer match about $327,500 at 4% or $218,333 at 6%; with 100% employer match about $245,625 at 4% or $163,750 at 6%.
Formico Insurance Agency Profit Sharing Plan-3$803,374$58,950$19,650iApproximate average salary by contribution assumption: employee only about $491,250 at 4% or $327,500 at 6%; with 50% employer match about $327,500 at 4% or $218,333 at 6%; with 100% employer match about $245,625 at 4% or $163,750 at 6%.
200713$1,043,699$57,883$19,294iApproximate average salary by contribution assumption: employee only about $482,358 at 4% or $321,572 at 6%; with 50% employer match about $321,572 at 4% or $214,381 at 6%; with 100% employer match about $241,179 at 4% or $160,786 at 6%.
Formico Insurance Agency Profit Sharing Plan-3$1,043,699$57,883$19,294iApproximate average salary by contribution assumption: employee only about $482,358 at 4% or $321,572 at 6%; with 50% employer match about $321,572 at 4% or $214,381 at 6%; with 100% employer match about $241,179 at 4% or $160,786 at 6%.
200612$901,133$49,171$24,586iApproximate average salary by contribution assumption: employee only about $614,638 at 4% or $409,758 at 6%; with 50% employer match about $409,758 at 4% or $273,172 at 6%; with 100% employer match about $307,319 at 4% or $204,879 at 6%.
Formico Insurance Agency Profit Sharing Plan-2$901,133$49,171$24,586iApproximate average salary by contribution assumption: employee only about $614,638 at 4% or $409,758 at 6%; with 50% employer match about $409,758 at 4% or $273,172 at 6%; with 100% employer match about $307,319 at 4% or $204,879 at 6%.
200512$757,054$48,219$24,110iApproximate average salary by contribution assumption: employee only about $602,738 at 4% or $401,825 at 6%; with 50% employer match about $401,825 at 4% or $267,883 at 6%; with 100% employer match about $301,369 at 4% or $200,913 at 6%.
Formico Insurance Agency Profit Sharing Plan-2$757,054$48,219$24,110iApproximate average salary by contribution assumption: employee only about $602,738 at 4% or $401,825 at 6%; with 50% employer match about $401,825 at 4% or $267,883 at 6%; with 100% employer match about $301,369 at 4% or $200,913 at 6%.
200412$676,166$50,623$25,312iApproximate average salary by contribution assumption: employee only about $632,788 at 4% or $421,858 at 6%; with 50% employer match about $421,858 at 4% or $281,239 at 6%; with 100% employer match about $316,394 at 4% or $210,929 at 6%.
Formico Insurance Agency Profit Sharing Plan-2$676,166$50,623$25,312iApproximate average salary by contribution assumption: employee only about $632,788 at 4% or $421,858 at 6%; with 50% employer match about $421,858 at 4% or $281,239 at 6%; with 100% employer match about $316,394 at 4% or $210,929 at 6%.
200322$561,205$381,397$190,699iApproximate average salary by contribution assumption: employee only about $4,767,463 at 4% or $3,178,308 at 6%; with 50% employer match about $3,178,308 at 4% or $2,118,872 at 6%; with 100% employer match about $2,383,731 at 4% or $1,589,154 at 6%.
Formico Insurance Agency Profit Sharing Plan-2$561,205$381,397$190,699iApproximate average salary by contribution assumption: employee only about $4,767,463 at 4% or $3,178,308 at 6%; with 50% employer match about $3,178,308 at 4% or $2,118,872 at 6%; with 100% employer match about $2,383,731 at 4% or $1,589,154 at 6%.
FORMICO INSURANCE AGENCY MONEY PURCHASE PENSION PLAN-0---
200222$398,468$50,902$25,451iApproximate average salary by contribution assumption: employee only about $636,275 at 4% or $424,183 at 6%; with 50% employer match about $424,183 at 4% or $282,789 at 6%; with 100% employer match about $318,138 at 4% or $212,092 at 6%.
FORMICO INSURANCE AGENCY MONEY PURCHASE PENSION PLAN-2$260,171$30,429$15,215iApproximate average salary by contribution assumption: employee only about $380,363 at 4% or $253,575 at 6%; with 50% employer match about $253,575 at 4% or $169,050 at 6%; with 100% employer match about $190,181 at 4% or $126,788 at 6%.
Formico Insurance Agency Profit Sharing Plan-2$138,297$20,473$10,237iApproximate average salary by contribution assumption: employee only about $255,913 at 4% or $170,608 at 6%; with 50% employer match about $170,608 at 4% or $113,739 at 6%; with 100% employer match about $127,956 at 4% or $85,304 at 6%.
200122$0$0-
Formico Insurance Agency Profit Sharing Plan-0---
FORMICO INSURANCE AGENCY MONEY PURCHASE PENSION PLAN-2---