Civic Intelligence

Michael Destro

Plan context: Towne Business & Tax Services Profit Sharing/401K Plan

EIN 77-0339149 • Los Gatos, CA • 9 filings • 2 plans

16615 Lark Avenue, #200Los Gatos, CA 95032
Current Snapshot

Latest Year

2020

2020 Participants

5

2020 Assets

$411,068

2020 Contributions

$2,032

Historical Graphs

Total Assets Over Time

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

$455,835$227,918$0201220162019YearValue
$411,068Latest year 2019

Participants Over Time

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

530201220162019YearValue
5Latest year 2019

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
202010$0$2,032-
Towne Business & Tax Services Profit Sharing/401K Plan-0$0$2,032-
201915$411,068$5,231$1,046iApproximate average salary by contribution assumption: employee only about $26,155 at 4% or $17,437 at 6%; with 50% employer match about $17,437 at 4% or $11,624 at 6%; with 100% employer match about $13,078 at 4% or $8,718 at 6%.
Towne Business & Tax Services Profit Sharing/401K Plan-5$411,068$5,231$1,046iApproximate average salary by contribution assumption: employee only about $26,155 at 4% or $17,437 at 6%; with 50% employer match about $17,437 at 4% or $11,624 at 6%; with 100% employer match about $13,078 at 4% or $8,718 at 6%.
201814$455,835$98,842$24,711iApproximate average salary by contribution assumption: employee only about $617,763 at 4% or $411,842 at 6%; with 50% employer match about $411,842 at 4% or $274,561 at 6%; with 100% employer match about $308,881 at 4% or $205,921 at 6%.
Towne Business & Tax Services Profit Sharing/401K Plan-4$455,835$98,842$24,711iApproximate average salary by contribution assumption: employee only about $617,763 at 4% or $411,842 at 6%; with 50% employer match about $411,842 at 4% or $274,561 at 6%; with 100% employer match about $308,881 at 4% or $205,921 at 6%.
201714$351,098$4,718$1,180iApproximate average salary by contribution assumption: employee only about $29,488 at 4% or $19,658 at 6%; with 50% employer match about $19,658 at 4% or $13,106 at 6%; with 100% employer match about $14,744 at 4% or $9,829 at 6%.
Towne Business & Tax Services Profit Sharing/401K Plan-4$351,098$4,718$1,180iApproximate average salary by contribution assumption: employee only about $29,488 at 4% or $19,658 at 6%; with 50% employer match about $19,658 at 4% or $13,106 at 6%; with 100% employer match about $14,744 at 4% or $9,829 at 6%.
201613$317,235$64,810$21,603iApproximate average salary by contribution assumption: employee only about $540,083 at 4% or $360,056 at 6%; with 50% employer match about $360,056 at 4% or $240,037 at 6%; with 100% employer match about $270,042 at 4% or $180,028 at 6%.
Towne Business & Tax Services Profit Sharing/401K Plan-3$317,235$64,810$21,603iApproximate average salary by contribution assumption: employee only about $540,083 at 4% or $360,056 at 6%; with 50% employer match about $360,056 at 4% or $240,037 at 6%; with 100% employer match about $270,042 at 4% or $180,028 at 6%.
201514$239,258$64,800$16,200iApproximate average salary by contribution assumption: employee only about $405,000 at 4% or $270,000 at 6%; with 50% employer match about $270,000 at 4% or $180,000 at 6%; with 100% employer match about $202,500 at 4% or $135,000 at 6%.
Towne Business & Tax Services Profit Sharing/401K Plan-4$239,258$64,800$16,200iApproximate average salary by contribution assumption: employee only about $405,000 at 4% or $270,000 at 6%; with 50% employer match about $270,000 at 4% or $180,000 at 6%; with 100% employer match about $202,500 at 4% or $135,000 at 6%.
201414$184,927$62,729$15,682iApproximate average salary by contribution assumption: employee only about $392,056 at 4% or $261,371 at 6%; with 50% employer match about $261,371 at 4% or $174,247 at 6%; with 100% employer match about $196,028 at 4% or $130,685 at 6%.
Towne Business & Tax Services Profit Sharing/401K Plan-4$184,927$62,729$15,682iApproximate average salary by contribution assumption: employee only about $392,056 at 4% or $261,371 at 6%; with 50% employer match about $261,371 at 4% or $174,247 at 6%; with 100% employer match about $196,028 at 4% or $130,685 at 6%.
201313$119,319$61,184$20,395iApproximate average salary by contribution assumption: employee only about $509,867 at 4% or $339,911 at 6%; with 50% employer match about $339,911 at 4% or $226,607 at 6%; with 100% employer match about $254,933 at 4% or $169,956 at 6%.
Towne Business & Tax Services Profit Sharing/401K Plan-3$119,319$61,184$20,395iApproximate average salary by contribution assumption: employee only about $509,867 at 4% or $339,911 at 6%; with 50% employer match about $339,911 at 4% or $226,607 at 6%; with 100% employer match about $254,933 at 4% or $169,956 at 6%.
201213$58,129$58,129$19,376iApproximate average salary by contribution assumption: employee only about $484,408 at 4% or $322,939 at 6%; with 50% employer match about $322,939 at 4% or $215,293 at 6%; with 100% employer match about $242,204 at 4% or $161,469 at 6%.
Towne Business & Tax Services Profit Sharing/401K Plan-3$58,129$58,129$19,376iApproximate average salary by contribution assumption: employee only about $484,408 at 4% or $322,939 at 6%; with 50% employer match about $322,939 at 4% or $215,293 at 6%; with 100% employer match about $242,204 at 4% or $161,469 at 6%.