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LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN 401k Plan overview

Plan NameLONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN
Plan identification number 001

LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

LONG ISLAND BEAUTY BAR, INC. has sponsored the creation of one or more 401k plans.

Company Name:LONG ISLAND BEAUTY BAR, INC.
Employer identification number (EIN):852513716
NAIC Classification:812112
NAIC Description:Beauty Salons

Additional information about LONG ISLAND BEAUTY BAR, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2020-08-11
Company Identification Number: 5810000
Legal Registered Office Address: 246 EAST MARKET STREET
Nassau
LONG BEACH
United States of America (USA)
11561

More information about LONG ISLAND BEAUTY BAR, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-08-20

Plan Statistics for LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN

401k plan membership statisitcs for LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN

Measure Date Value
2022: LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011
Total number of active participants reported on line 7a of the Form 55002022-01-010
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 participants2022-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-010
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-012
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 benefits2021-01-010
Total of all active and inactive participants2021-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-012
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-08-200
Total number of active participants reported on line 7a of the Form 55002020-08-202
Number of retired or separated participants receiving benefits2020-08-200
Number of other retired or separated participants entitled to future benefits2020-08-200
Total of all active and inactive participants2020-08-202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-08-200
Total participants2020-08-202
Number of participants with account balances2020-08-201
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-08-200

Financial Data on LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN

Measure Date Value
2022 : LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN 2022 401k financial data
Total income from all sources2022-06-30$0
Expenses. Total of all expenses incurred2022-06-30$0
Total plan assets at end of year2022-06-30$0
Total plan assets at beginning of year2022-06-30$0
Other income received2022-06-30$0
Net income (gross income less expenses)2022-06-30$0
Net plan assets at end of year (total assets less liabilities)2022-06-30$0
Net plan assets at beginning of year (total assets less liabilities)2022-06-30$0
Assets. Value of employer securities2022-06-30$0
2021 : LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN 2021 401k financial data
Total income from all sources2021-12-31$-385,000
Expenses. Total of all expenses incurred2021-12-31$0
Total plan assets at end of year2021-12-31$0
Total plan assets at beginning of year2021-12-31$385,000
Other income received2021-12-31$-385,000
Net income (gross income less expenses)2021-12-31$-385,000
Net plan assets at end of year (total assets less liabilities)2021-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$385,000
Assets. Value of employer securities2021-12-31$0
2020 : LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN 2020 401k financial data
Total income from all sources2020-12-31$385,000
Expenses. Total of all expenses incurred2020-12-31$0
Total plan assets at end of year2020-12-31$385,000
Value of fidelity bond covering the plan2020-12-31$75,000
Contributions received from other sources (not participants or employers)2020-12-31$385,000
Net income (gross income less expenses)2020-12-31$385,000
Net plan assets at end of year (total assets less liabilities)2020-12-31$385,000
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$0
Assets. Value of employer securities2020-12-31$385,000

Form 5500 Responses for LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN

2022: LONG ISLAND BEAUTY BAR, INC. RETIREMENT 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 filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LONG ISLAND BEAUTY BAR, INC. RETIREMENT 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: LONG ISLAND BEAUTY BAR, INC. RETIREMENT PLAN 2020 form 5500 responses
2020-08-20Type of plan entitySingle employer plan
2020-08-20First time form 5500 has been submittedYes
2020-08-20Submission has been amendedNo
2020-08-20This submission is the final filingNo
2020-08-20This return/report is a short plan year return/report (less than 12 months)Yes
2020-08-20Plan is a collectively bargained planNo
2020-08-20Plan funding arrangement – TrustYes
2020-08-20Plan benefit arrangement - TrustYes

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