LENZ SALES & SERVICE, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan LENZ SALES & SERVICE, INC. 401K PROFIT SHARING PLAN & TRUST
401k plan membership statisitcs for LENZ SALES & SERVICE, INC. 401K PROFIT SHARING PLAN & TRUST
Measure | Date | Value |
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2022 : LENZ SALES & SERVICE, INC. 401K PROFIT SHARING PLAN & TRUST 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-12-31 | $-596,791 |
Total of all expenses incurred | 2022-12-31 | $904,146 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $900,342 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $486,912 |
Value of total assets at end of year | 2022-12-31 | $4,649,415 |
Value of total assets at beginning of year | 2022-12-31 | $6,150,352 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $3,804 |
Total interest from all sources | 2022-12-31 | $6,580 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $296,295 |
Participant contributions at end of year | 2022-12-31 | $69,352 |
Participant contributions at beginning of year | 2022-12-31 | $58,047 |
Participant contributions at end of year | 2022-12-31 | $51 |
Participant contributions at beginning of year | 2022-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-1,500,937 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $4,649,415 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $6,150,352 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $4,056,213 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $5,930,497 |
Interest on participant loans | 2022-12-31 | $2,263 |
Interest earned on other investments | 2022-12-31 | $4,317 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $523,761 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $161,808 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,090,283 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $190,617 |
Employer contributions (assets) at end of year | 2022-12-31 | $38 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $900,342 |
Contract administrator fees | 2022-12-31 | $3,804 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | BAKER TILLY US, LLP |
Accountancy firm EIN | 2022-12-31 | 390859910 |
2021 : LENZ SALES & SERVICE, INC. 401K PROFIT SHARING PLAN & TRUST 2021 401k financial data |
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Total income from all sources (including contributions) | 2021-12-31 | $1,378,585 |
Total of all expenses incurred | 2021-12-31 | $58,534 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $55,798 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $565,168 |
Value of total assets at end of year | 2021-12-31 | $6,150,352 |
Value of total assets at beginning of year | 2021-12-31 | $4,830,301 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $2,736 |
Total interest from all sources | 2021-12-31 | $3,304 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $483,031 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $345,413 |
Participant contributions at end of year | 2021-12-31 | $58,047 |
Participant contributions at beginning of year | 2021-12-31 | $30,772 |
Participant contributions at end of year | 2021-12-31 | $0 |
Participant contributions at beginning of year | 2021-12-31 | $427 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $1,320,051 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $6,150,352 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $4,830,301 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $5,930,497 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $4,660,788 |
Interest on participant loans | 2021-12-31 | $1,811 |
Interest earned on other investments | 2021-12-31 | $1,493 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $161,808 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $138,201 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $810,113 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $219,755 |
Employer contributions (assets) at end of year | 2021-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $113 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $55,798 |
Contract administrator fees | 2021-12-31 | $2,736 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | BAKER TILLY US, LLP |
Accountancy firm EIN | 2021-12-31 | 390859910 |