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INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN 401k Plan overview

Plan NameINTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN
Plan identification number 003

INTERNATIONAL BUSINESS EXCHANGE 401(K) 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.
  • 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

INTERNATIONAL BUSINESS EXCHANGE, INC. has sponsored the creation of one or more 401k plans.

Company Name:INTERNATIONAL BUSINESS EXCHANGE, INC.
Employer identification number (EIN):811570207
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01
0032022-01-01
0032021-01-01

Plan Statistics for INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN

401k plan membership statisitcs for INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN

Measure Date Value
2023: INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-015
Total number of active participants reported on line 7a of the Form 55002023-01-015
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-015
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: INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-015
Total number of active participants reported on line 7a of the Form 55002022-01-015
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-015
Number of participants with account balances2022-01-013
2021: INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-010
Total number of active participants reported on line 7a of the Form 55002021-01-015
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-015
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

Financial Data on INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN

Measure Date Value
2023 : INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN 2023 401k financial data
Total income from all sources2023-12-31$-94,621
Expenses. Total of all expenses incurred2023-12-31$1,071
Total plan assets at end of year2023-12-31$826,204
Total plan assets at beginning of year2023-12-31$921,896
Value of fidelity bond covering the plan2023-12-31$400,000
Total contributions received or receivable from participants2023-12-31$34,640
Other income received2023-12-31$-139,921
Net income (gross income less expenses)2023-12-31$-95,692
Net plan assets at end of year (total assets less liabilities)2023-12-31$826,204
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$921,896
Assets. Value of employer securities2023-12-31$580,856
Total contributions received or receivable from employer(s)2023-12-31$10,660
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$1,071
2022 : INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN 2022 401k financial data
Total income from all sources2022-12-31$625,390
Expenses. Total of all expenses incurred2022-12-31$862
Total plan assets at end of year2022-12-31$921,896
Total plan assets at beginning of year2022-12-31$297,368
Value of fidelity bond covering the plan2022-12-31$400,000
Total contributions received or receivable from participants2022-12-31$31,660
Other income received2022-12-31$584,189
Net income (gross income less expenses)2022-12-31$624,528
Net plan assets at end of year (total assets less liabilities)2022-12-31$921,896
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$297,368
Assets. Value of employer securities2022-12-31$748,943
Total contributions received or receivable from employer(s)2022-12-31$9,541
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$862
2021 : INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total income from all sources2021-12-31$297,531
Expenses. Total of all expenses incurred2021-12-31$163
Total plan assets at end of year2021-12-31$297,368
Total plan assets at beginning of year2021-12-31$0
Value of fidelity bond covering the plan2021-12-31$29,737
Total contributions received or receivable from participants2021-12-31$2,517
Contributions received from other sources (not participants or employers)2021-12-31$149,900
Other income received2021-12-31$142,906
Net income (gross income less expenses)2021-12-31$297,368
Net plan assets at end of year (total assets less liabilities)2021-12-31$297,368
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$0
Assets. Value of employer securities2021-12-31$137,000
Total contributions received or receivable from employer(s)2021-12-31$2,208
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$163

Form 5500 Responses for INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN

2023: INTERNATIONAL BUSINESS EXCHANGE 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: INTERNATIONAL BUSINESS EXCHANGE 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: INTERNATIONAL BUSINESS EXCHANGE 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01First time form 5500 has been submittedYes
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

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