401k Plan data: ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN plan

ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 401k Plan overview

Plan Name	ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN
Plan identification number	005

ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN Benefits

401k Plan Type

Defined 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.
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.

401k Sponsoring company profile

LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE has sponsored the creation of one or more 401k plans.

Company Name: LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE

Employer identification number (EIN): 273523833

NAIC Classification: 523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
005 2022-01-01 TERRANCE P. POWER 2024-02-15
005 2021-01-01 TERRANCE P. POWER 2023-04-14
005 2011-01-01 LEE VOGT

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
005	2022-01-01	TERRANCE P. POWER	2024-02-15
005	2021-01-01	TERRANCE P. POWER	2023-04-14
005	2011-01-01	LEE VOGT

Plan Statistics for ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN

Measure Date Value
2022: ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 86
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 60
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 24
Total of all active and inactive participants 2022-01-01 84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 84
Number of participants with account balances 2022-01-01 78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 59
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 87
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 31
Total of all active and inactive participants 2021-01-01 118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 118
Number of participants with account balances 2021-01-01 87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2011: ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 35
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 9
Total of all active and inactive participants 2011-01-01 44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 44
Number of participants with account balances 2011-01-01 38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 1

Measure	Date	Value
2022: ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	86
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	60
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	24
Total of all active and inactive participants	2022-01-01	84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	84
Number of participants with account balances	2022-01-01	78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	59
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	87
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	31
Total of all active and inactive participants	2021-01-01	118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	118
Number of participants with account balances	2021-01-01	87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2011: ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	35
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	9
Total of all active and inactive participants	2011-01-01	44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	44
Number of participants with account balances	2011-01-01	38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	1

Financial Data on ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN

Measure	Date	Value
2022 : ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$-551,672
Expenses. Total of all expenses incurred	2022-12-31	$327,190
Benefits paid (including direct rollovers)	2022-12-31	$268,217
Total plan assets at end of year	2022-12-31	$3,353,216
Total plan assets at beginning of year	2022-12-31	$4,232,078
Value of fidelity bond covering the plan	2022-12-31	$500,000
Total contributions received or receivable from participants	2022-12-31	$84,691
Contributions received from other sources (not participants or employers)	2022-12-31	$3,000
Other income received	2022-12-31	$-685,056
Net income (gross income less expenses)	2022-12-31	$-878,862
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$3,353,216
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$4,232,078
Assets. Value of participant loans	2022-12-31	$2,009
Total contributions received or receivable from employer(s)	2022-12-31	$45,693
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$58,973
2021 : ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$4,139,451
Total income from all sources	2021-12-31	$697,651
Expenses. Total of all expenses incurred	2021-12-31	$605,024
Benefits paid (including direct rollovers)	2021-12-31	$556,287
Total plan assets at end of year	2021-12-31	$4,232,078
Total plan assets at beginning of year	2021-12-31	$0
Value of fidelity bond covering the plan	2021-12-31	$500,000
Total contributions received or receivable from participants	2021-12-31	$111,770
Other income received	2021-12-31	$537,661
Net income (gross income less expenses)	2021-12-31	$92,627
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$4,232,078
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$48,220
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$48,737
2011 : ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2011 401k financial data
Transfers to/from the plan	2011-12-31	$1,467,007
Total income from all sources	2011-12-31	$63,441
Expenses. Total of all expenses incurred	2011-12-31	$0
Total plan assets at end of year	2011-12-31	$1,530,448
Total plan assets at beginning of year	2011-12-31	$0
Value of fidelity bond covering the plan	2011-12-31	$500,000
Total contributions received or receivable from participants	2011-12-31	$13,368
Contributions received from other sources (not participants or employers)	2011-12-31	$4,965
Other income received	2011-12-31	$40,562
Net income (gross income less expenses)	2011-12-31	$63,441
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,530,448
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$0
Total contributions received or receivable from employer(s)	2011-12-31	$4,546

Form 5500 Responses for ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN

2022: ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Mulitple employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Mulitple employer plan
2021-01-01	First time form 5500 has been submitted	Yes
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2011: ACCA NEW ENGLAND RETIREMENT SAVINGS PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Mulitple employer plan
2011-01-01	First time form 5500 has been submitted	Yes
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE
Employer identification number (EIN):	273523833
NAIC Classification:	523900