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INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameINLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN
Plan identification number 001

INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

INLAND CONSTRUCTION & DEVELOPMENT CO. has sponsored the creation of one or more 401k plans.

Company Name:INLAND CONSTRUCTION & DEVELOPMENT CO.
Employer identification number (EIN):201396758
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JON LEMBERG2024-10-15 JON LEMBERG2024-10-15
0012022-01-01JON LEMBERG2023-09-14 JON LEMBERG2023-09-14
0012021-01-01

Plan Statistics for INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN

Measure Date Value
2023: INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01118
Total number of active participants reported on line 7a of the Form 55002023-01-0199
Number of retired or separated participants receiving benefits2023-01-011
Number of other retired or separated participants entitled to future benefits2023-01-0122
Total of all active and inactive participants2023-01-01122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01122
Number of participants with account balances2023-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01112
Total number of active participants reported on line 7a of the Form 55002022-01-0190
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0117
Total of all active and inactive participants2022-01-01107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01107
Number of participants with account balances2022-01-01102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010

Financial Data on INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN

Measure Date Value
2023 : INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN 2023 401k financial data
Total income from all sources2023-12-31$5,032,432
Expenses. Total of all expenses incurred2023-12-31$230,040
Benefits paid (including direct rollovers)2023-12-31$170,899
Total plan assets at end of year2023-12-31$15,190,947
Total plan assets at beginning of year2023-12-31$10,388,555
Value of fidelity bond covering the plan2023-12-31$500,000
Total contributions received or receivable from participants2023-12-31$1,284,554
Contributions received from other sources (not participants or employers)2023-12-31$615,523
Other income received2023-12-31$2,747,498
Net income (gross income less expenses)2023-12-31$4,802,392
Net plan assets at end of year (total assets less liabilities)2023-12-31$15,190,947
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$10,388,555
Total contributions received or receivable from employer(s)2023-12-31$384,857
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$59,141
2022 : INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN 2022 401k financial data
Total income from all sources2022-12-31$-1,559,797
Expenses. Total of all expenses incurred2022-12-31$1,202,919
Benefits paid (including direct rollovers)2022-12-31$1,153,396
Total plan assets at end of year2022-12-31$10,388,555
Total plan assets at beginning of year2022-12-31$13,151,271
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$1,117,581
Contributions received from other sources (not participants or employers)2022-12-31$10,974
Other income received2022-12-31$-3,009,521
Net income (gross income less expenses)2022-12-31$-2,762,716
Net plan assets at end of year (total assets less liabilities)2022-12-31$10,388,555
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$13,151,271
Assets. Value of participant loans2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$321,169
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$49,523

Form 5500 Responses for INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN

2023: INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan benefit arrangement – InsuranceYes
2022: INLAND CONSTRUCTION COMPANY RETIREMENT SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number22367
Policy instance 1
Insurance contract or identification number22367
Number of Individuals Covered135
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $6,647
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number22367
Policy instance 1
Insurance contract or identification number22367
Number of Individuals Covered126
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $5,978
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees5978
Additional information about fees paid to insurance brokerPLAN DESIGN & ADMINISTRATION
Insurance broker organization code?5

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