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NEXT GENERATION CONSTRUCTION & ENVIRONMENTAL 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameNEXT GENERATION CONSTRUCTION & ENVIRONMENTAL 401(K) RETIREMENT PLAN
Plan identification number 001

NEXT GENERATION CONSTRUCTION & ENVIRONMENTAL 401(K) RETIREMENT 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

NEXT GENERATION CONSTRUCTION AND ENVIRONMENTAL LLC has sponsored the creation of one or more 401k plans.

Company Name:NEXT GENERATION CONSTRUCTION AND ENVIRONMENTAL LLC
Employer identification number (EIN):270783092
NAIC Classification:237990
NAIC Description:Other Heavy and Civil Engineering Construction

Additional information about NEXT GENERATION CONSTRUCTION AND ENVIRONMENTAL LLC

Jurisdiction of Incorporation: Colorado Department of State
Incorporation Date: 2009-08-21
Company Identification Number: 20091447932
Legal Registered Office Address: 14115 Mead St Unit C

Mead
United States of America (USA)
80504

More information about NEXT GENERATION CONSTRUCTION AND ENVIRONMENTAL LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEXT GENERATION CONSTRUCTION & ENVIRONMENTAL 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RAYMOND GABALDON2024-10-10
0012022-01-01
0012021-01-01ANNA QUACH2022-10-17 BENJAMIN GATES2022-10-17
0012020-01-01BENJAMIN GATES2021-10-14 BENJAMIN GATES2021-10-14
0012019-01-01DUSTY GIVIN2021-02-18
0012018-01-01CAMRON LENTE2019-07-30 CAMRON LENTE2019-07-30
0012017-01-01DUAYNE HAAR2018-07-30 DUAYNE HAAR2018-07-30
0012016-08-01MANDI VOTH2017-07-31 MANDI VOTH2017-07-31

Plan Statistics for NEXT GENERATION CONSTRUCTION & ENVIRONMENTAL 401(K) RETIREMENT PLAN

401k plan membership statisitcs for NEXT GENERATION CONSTRUCTION & ENVIRONMENTAL 401(K) RETIREMENT PLAN

Measure Date Value
2022: NEXT GENERATION CONSTRUCTION & ENVIRONMENTAL 401(K) RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01121
Total number of active participants reported on line 7a of the Form 55002022-01-01114
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-012
Total of all active and inactive participants2022-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01116
Number of participants with account balances2022-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010

Financial Data on NEXT GENERATION CONSTRUCTION & ENVIRONMENTAL 401(K) RETIREMENT PLAN

Measure Date Value
2022 : NEXT GENERATION CONSTRUCTION & ENVIRONMENTAL 401(K) RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$123,519
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$13,281
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$12,672
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$171,981
Value of total assets at end of year2022-12-31$340,692
Value of total assets at beginning of year2022-12-31$230,454
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$609
Total interest from all sources2022-12-31$326
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$105,847
Participant contributions at end of year2022-12-31$7,619
Participant contributions at beginning of year2022-12-31$5,383
Participant contributions at end of year2022-12-31$4,108
Participant contributions at beginning of year2022-12-31$2,904
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$10,647
Other income not declared elsewhere2022-12-31$237
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$110,238
Value of net assets at end of year (total assets less liabilities)2022-12-31$340,692
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$230,454
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$319,064
Value of interest in pooled separate accounts at beginning of year2022-12-31$220,354
Interest on participant loans2022-12-31$326
Value of interest in common/collective trusts at end of year2022-12-31$7,319
Net investment gain/loss from pooled separate accounts2022-12-31$-49,061
Net investment gain or loss from common/collective trusts2022-12-31$36
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$55,487
Employer contributions (assets) at end of year2022-12-31$2,582
Employer contributions (assets) at beginning of year2022-12-31$1,813
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$12,672
Contract administrator fees2022-12-31$609
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31COOPER SAVAS
Accountancy firm EIN2022-12-31275169784

Form 5500 Responses for NEXT GENERATION CONSTRUCTION & ENVIRONMENTAL 401(K) RETIREMENT PLAN

2022: NEXT GENERATION CONSTRUCTION & ENVIRONMENTAL 401(K) RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
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 funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number528962
Policy instance 1
Insurance contract or identification number528962
Number of Individuals Covered116
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $1,220
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,004
Amount paid for insurance broker fees0
Insurance broker organization code?3

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