401k Plan data: THE NEST SCHOOLS, INC. 401(K) PLAN plan

THE NEST SCHOOLS, INC. 401(K) PLAN 401k Plan overview

Plan Name	THE NEST SCHOOLS, INC. 401(K) PLAN
Plan identification number	001

THE NEST SCHOOLS, INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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

THE NEST SCHOOLS, INC. has sponsored the creation of one or more 401k plans.

Company Name: THE NEST SCHOOLS, INC.

Employer identification number (EIN): 854020677

NAIC Classification: 611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE NEST SCHOOLS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 TARA EVANS, FOR TAG RESOURCES 2024-10-08
001 2022-01-01
001 2021-06-11 TARA EVANS 2022-10-17
001 2021-06-11
001 2021-06-11

Plan Statistics for THE NEST SCHOOLS, INC. 401(K) PLAN

401k plan membership statisitcs for THE NEST SCHOOLS, INC. 401(K) PLAN

Measure Date Value
2022: THE NEST SCHOOLS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 225
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 268
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 11
Total of all active and inactive participants 2022-01-01 279
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 279
Number of participants with account balances 2022-01-01 48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: THE NEST SCHOOLS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-06-11 305
Total number of active participants reported on line 7a of the Form 5500 2021-06-11 225
Number of retired or separated participants receiving benefits 2021-06-11 0
Number of other retired or separated participants entitled to future benefits 2021-06-11 1
Total of all active and inactive participants 2021-06-11 226
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-06-11 0
Total participants 2021-06-11 226
Number of participants with account balances 2021-06-11 32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-06-11 0

Measure	Date	Value
2022: THE NEST SCHOOLS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	225
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	268
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	11
Total of all active and inactive participants	2022-01-01	279
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	279
Number of participants with account balances	2022-01-01	48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: THE NEST SCHOOLS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-06-11	305
Total number of active participants reported on line 7a of the Form 5500	2021-06-11	225
Number of retired or separated participants receiving benefits	2021-06-11	0
Number of other retired or separated participants entitled to future benefits	2021-06-11	1
Total of all active and inactive participants	2021-06-11	226
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-06-11	0
Total participants	2021-06-11	226
Number of participants with account balances	2021-06-11	32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-06-11	0

Financial Data on THE NEST SCHOOLS, INC. 401(K) PLAN

Measure	Date	Value
2022 : THE NEST SCHOOLS, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$2,849
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$124,389
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$8,213
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$4,592
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$157,042
Value of total assets at end of year	2022-12-31	$285,108
Value of total assets at beginning of year	2022-12-31	$166,083
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$3,621
Total interest from all sources	2022-12-31	$23
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$93,605
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$2,849
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$116,176
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$282,259
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$166,083
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in pooled separate accounts at end of year	2022-12-31	$275,651
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$165,496
Interest on participant loans	2022-12-31	$5
Interest earned on other investments	2022-12-31	$18
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$9,457
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$587
Net investment gain/loss from pooled separate accounts	2022-12-31	$-32,676
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$63,437
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$4,592
Contract administrator fees	2022-12-31	$3,621
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	TEMPLETON & COMPANY
Accountancy firm EIN	2022-12-31	141918990
2021 : THE NEST SCHOOLS, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$168,508
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$2,425
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$1,241
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$163,913
Value of total assets at end of year	2021-12-31	$166,083
Value of total assets at beginning of year	2021-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$1,184
Total interest from all sources	2021-12-31	$3
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$36,183
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$99,813
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$166,083
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$166,083
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in pooled separate accounts at end of year	2021-12-31	$165,496
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$0
Interest earned on other investments	2021-12-31	$3
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$587
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$0
Net investment gain/loss from pooled separate accounts	2021-12-31	$4,592
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$27,917
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$1,241
Contract administrator fees	2021-12-31	$1,184
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Disclaimer
Accountancy firm name	2021-12-31	TEMPLETON & COMPANY
Accountancy firm EIN	2021-12-31	141918990

Form 5500 Responses for THE NEST SCHOOLS, INC. 401(K) PLAN

2022: THE NEST SCHOOLS, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: THE NEST SCHOOLS, INC. 401(K) PLAN 2021 form 5500 responses
2021-06-11	Type of plan entity	Single employer plan
2021-06-11	First time form 5500 has been submitted	Yes
2021-06-11	Submission has been amended	Yes
2021-06-11	This submission is the final filing	No
2021-06-11	This return/report is a short plan year return/report (less than 12 months)	Yes
2021-06-11	Plan is a collectively bargained plan	No
2021-06-11	Plan funding arrangement – Insurance	Yes
2021-06-11	Plan funding arrangement – Trust	Yes
2021-06-11	Plan benefit arrangement – Insurance	Yes
2021-06-11	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

932534-00386

Policy instance

Insurance contract or identification number	932534-00386
Number of Individuals Covered	279
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $846
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $846
Amount paid for insurance broker fees	0
Additional information about fees paid to insurance broker	N/A
Insurance broker organization code?	3

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

932534-00386

Policy instance

Insurance contract or identification number	932534-00386
Number of Individuals Covered	226
Insurance policy start date	2021-05-19
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	0
Additional information about fees paid to insurance broker	N/A
Insurance broker organization code?	3

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Company Name:	THE NEST SCHOOLS, INC.
Employer identification number (EIN):	854020677
NAIC Classification:	611000

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2023-01-01	TARA EVANS, FOR TAG RESOURCES	2024-10-08
001	2022-01-01
001	2021-06-11	TARA EVANS	2022-10-17
001	2021-06-11
001	2021-06-11