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THE 401(K) LAB 401(K) PLAN 401k Plan overview

Plan NameTHE 401(K) LAB 401(K) PLAN
Plan identification number 001

THE 401(K) LAB 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • 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.
  • 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

BENEFIT STRATEGIES & ADVISORS, LLC has sponsored the creation of one or more 401k plans.

Company Name:BENEFIT STRATEGIES & ADVISORS, LLC
Employer identification number (EIN):460531284
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE 401(K) LAB 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MANUEL ALONSO2024-09-27
0012022-01-01MANUEL ALONSO2023-10-16
0012021-01-01MANUEL ALONSO2023-01-11
0012020-01-01MANUEL ALONSO2021-10-14

Plan Statistics for THE 401(K) LAB 401(K) PLAN

401k plan membership statisitcs for THE 401(K) LAB 401(K) PLAN

Measure Date Value
2023: THE 401(K) LAB 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-013
Total number of active participants reported on line 7a of the Form 55002023-01-012
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-011
Total of all active and inactive participants2023-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-013
Number of participants with account balances2023-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: THE 401(K) LAB 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-013
Total number of active participants reported on line 7a of the Form 55002022-01-012
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-011
Total of all active and inactive participants2022-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-013
Number of participants with account balances2022-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: THE 401(K) LAB 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-013
Total number of active participants reported on line 7a of the Form 55002021-01-012
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-011
Total of all active and inactive participants2021-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-013
Number of participants with account balances2021-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: THE 401(K) LAB 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-013
Total number of active participants reported on line 7a of the Form 55002020-01-012
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-011
Total of all active and inactive participants2020-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-013
Number of participants with account balances2020-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on THE 401(K) LAB 401(K) PLAN

Measure Date Value
2023 : THE 401(K) LAB 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$204,959
Expenses. Total of all expenses incurred2023-12-31$1,009
Benefits paid (including direct rollovers)2023-12-31$0
Total plan assets at end of year2023-12-31$1,152,944
Total plan assets at beginning of year2023-12-31$948,994
Value of fidelity bond covering the plan2023-12-31$385,000
Total contributions received or receivable from participants2023-12-31$22,500
Assets. Value of loans (other than to participants)2023-12-31$162,655
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$145,709
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$203,950
Net plan assets at end of year (total assets less liabilities)2023-12-31$1,152,944
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$948,994
Assets. Value of assets in partnership/joint-venture interests2023-12-31$35,411
Total contributions received or receivable from employer(s)2023-12-31$36,750
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$1,009
2022 : THE 401(K) LAB 401(K) PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-110,914
Expenses. Total of all expenses incurred2022-12-31$0
Benefits paid (including direct rollovers)2022-12-31$0
Total plan assets at end of year2022-12-31$948,994
Total plan assets at beginning of year2022-12-31$1,059,908
Value of fidelity bond covering the plan2022-12-31$385,000
Total contributions received or receivable from participants2022-12-31$20,500
Assets. Value of loans (other than to participants)2022-12-31$335,703
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-143,664
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-110,914
Net plan assets at end of year (total assets less liabilities)2022-12-31$948,994
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,059,908
Assets. Value of assets in partnership/joint-venture interests2022-12-31$36,400
Total contributions received or receivable from employer(s)2022-12-31$12,250
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : THE 401(K) LAB 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$195,632
Expenses. Total of all expenses incurred2021-12-31$0
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$1,059,908
Total plan assets at beginning of year2021-12-31$864,276
Value of fidelity bond covering the plan2021-12-31$385,000
Total contributions received or receivable from participants2021-12-31$19,500
Assets. Value of loans (other than to participants)2021-12-31$146,374
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$32,472
Other income received2021-12-31$131,410
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$195,632
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,059,908
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$864,276
Total contributions received or receivable from employer(s)2021-12-31$12,250
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : THE 401(K) LAB 401(K) PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$414,451
Expenses. Total of all expenses incurred2020-12-31$25
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$864,276
Total plan assets at beginning of year2020-12-31$449,850
Value of fidelity bond covering the plan2020-12-31$100,000
Total contributions received or receivable from participants2020-12-31$19,500
Assets. Value of loans (other than to participants)2020-12-31$92,769
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$254,677
Other income received2020-12-31$125,649
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$414,426
Net plan assets at end of year (total assets less liabilities)2020-12-31$864,276
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$449,850
Total contributions received or receivable from employer(s)2020-12-31$14,625
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$25
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0

Form 5500 Responses for THE 401(K) LAB 401(K) PLAN

2023: THE 401(K) LAB 401(K) 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 – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: THE 401(K) LAB 401(K) 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE 401(K) LAB 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE 401(K) LAB 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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