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THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameTHE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

THE STARK GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:THE STARK GROUP, INC.
Employer identification number (EIN):852080971
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-04-01
0022021-04-01

Plan Statistics for THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-04-0153
Total number of active participants reported on line 7a of the Form 55002022-04-0152
Number of retired or separated participants receiving benefits2022-04-010
Number of other retired or separated participants entitled to future benefits2022-04-015
Total of all active and inactive participants2022-04-0157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-04-010
Total participants2022-04-0157
Number of participants with account balances2022-04-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-04-015
2021: THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-04-0129
Total number of active participants reported on line 7a of the Form 55002021-04-0145
Number of retired or separated participants receiving benefits2021-04-010
Number of other retired or separated participants entitled to future benefits2021-04-016
Total of all active and inactive participants2021-04-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-04-010
Total participants2021-04-0151
Number of participants with account balances2021-04-0151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-04-010

Financial Data on THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Total plan liabilities at end of year2023-03-31$1,104,270
Total plan liabilities at beginning of year2023-03-31$1,182,804
Total income from all sources2023-03-31$768,843
Expenses. Total of all expenses incurred2023-03-31$449,309
Benefits paid (including direct rollovers)2023-03-31$404,621
Total plan assets at end of year2023-03-31$7,735,000
Total plan assets at beginning of year2023-03-31$7,494,000
Value of fidelity bond covering the plan2023-03-31$1,000,000
Expenses. Other expenses not covered elsewhere2023-03-31$44,688
Other income received2023-03-31$241,030
Net income (gross income less expenses)2023-03-31$319,534
Net plan assets at end of year (total assets less liabilities)2023-03-31$6,630,730
Net plan assets at beginning of year (total assets less liabilities)2023-03-31$6,311,196
Assets. Value of employer securities2023-03-31$7,735,000
Total contributions received or receivable from employer(s)2023-03-31$527,813
2022 : THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year2022-03-31$1,182,804
Total plan liabilities at beginning of year2022-03-31$583,895
Total income from all sources2022-03-31$123,555
Expenses. Total of all expenses incurred2022-03-31$904,919
Benefits paid (including direct rollovers)2022-03-31$904,919
Total plan assets at end of year2022-03-31$7,494,000
Total plan assets at beginning of year2022-03-31$7,676,455
Value of fidelity bond covering the plan2022-03-31$1,000,000
Other income received2022-03-31$-217,431
Net income (gross income less expenses)2022-03-31$-781,364
Net plan assets at end of year (total assets less liabilities)2022-03-31$6,311,196
Net plan assets at beginning of year (total assets less liabilities)2022-03-31$7,092,560
Assets. Value of employer securities2022-03-31$7,494,000
Total contributions received or receivable from employer(s)2022-03-31$340,986
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2022-03-31$0

Form 5500 Responses for THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2022: THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-04-01Type of plan entitySingle employer plan
2022-04-01Submission has been amendedNo
2022-04-01This submission is the final filingNo
2022-04-01This return/report is a short plan year return/report (less than 12 months)No
2022-04-01Plan is a collectively bargained planNo
2022-04-01Plan funding arrangement – TrustYes
2022-04-01Plan benefit arrangement - TrustYes
2021: THE STARK GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-04-01Type of plan entitySingle employer plan
2021-04-01Submission has been amendedNo
2021-04-01This submission is the final filingNo
2021-04-01This return/report is a short plan year return/report (less than 12 months)No
2021-04-01Plan is a collectively bargained planNo
2021-04-01Plan funding arrangement – TrustYes
2021-04-01Plan benefit arrangement - TrustYes

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