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EMPLOYMENT COMMONS RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameEMPLOYMENT COMMONS RETIREMENT SAVINGS PLAN
Plan identification number 010

EMPLOYMENT COMMONS RETIREMENT SAVINGS 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 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

EMPLOYMENT COMMONS LCA has sponsored the creation of one or more 401k plans.

Company Name:EMPLOYMENT COMMONS LCA
Employer identification number (EIN):851138180
NAIC Classification:561110
NAIC Description:Office Administrative Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYMENT COMMONS RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0102023-01-01

Plan Statistics for EMPLOYMENT COMMONS RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for EMPLOYMENT COMMONS RETIREMENT SAVINGS PLAN

Measure Date Value
2023: EMPLOYMENT COMMONS RETIREMENT SAVINGS PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0140
Total number of active participants reported on line 7a of the Form 55002023-01-0131
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0128
Total of all active and inactive participants2023-01-0159
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0159
Number of participants with account balances2023-01-0159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010

Financial Data on EMPLOYMENT COMMONS RETIREMENT SAVINGS PLAN

Measure Date Value
2023 : EMPLOYMENT COMMONS RETIREMENT SAVINGS PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$1,002,231
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$96,807
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$85,906
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$803,076
Value of total assets at end of year2023-12-31$1,539,194
Value of total assets at beginning of year2023-12-31$633,770
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$10,901
Total interest from all sources2023-12-31$288
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$23,702
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$23,702
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$556,203
Participant contributions at end of year2023-12-31$4,680
Participant contributions at end of year2023-12-31$20,695
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$193,761
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$178
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$905,424
Value of net assets at end of year (total assets less liabilities)2023-12-31$1,539,194
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$633,770
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$588
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$1,511,605
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$633,770
Interest on participant loans2023-12-31$288
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$175,165
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Contributions received in cash from employer2023-12-31$53,112
Employer contributions (assets) at end of year2023-12-31$2,036
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$85,906
Contract administrator fees2023-12-31$10,313
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No

Form 5500 Responses for EMPLOYMENT COMMONS RETIREMENT SAVINGS PLAN

2023: EMPLOYMENT COMMONS RETIREMENT SAVINGS PLAN 2023 form 5500 responses
2023-01-01Type of plan entityDFE (Diect Filing Entity)
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

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