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ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 401k Plan overview

Plan NameICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN
Plan identification number 003

ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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(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.
  • 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

ICC INNOVATIVE CONCEPTS CORP has sponsored the creation of one or more 401k plans.

Company Name:ICC INNOVATIVE CONCEPTS CORP
Employer identification number (EIN):061363602
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032015-03-01SCOTT GELORMINO2016-01-06
0032014-03-01SCOTT GELORMINO2015-12-08
0032013-03-01SCOTT GELORMINO2014-06-19
0032012-03-01SCOTT GELORMINO
0032011-03-01SCOTT GELORMINO
0032010-03-01SCOTT GELORMINO
0032009-03-01SCOTT GELORMINO

Plan Statistics for ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN

401k plan membership statisitcs for ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN

Measure Date Value
2012: ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 2012 401k membership
Total participants, beginning-of-year2012-03-017
Total number of active participants reported on line 7a of the Form 55002012-03-014
Number of retired or separated participants receiving benefits2012-03-013
Number of other retired or separated participants entitled to future benefits2012-03-010
Total of all active and inactive participants2012-03-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-03-010
Total participants2012-03-017
Number of participants with account balances2012-03-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-03-010
2011: ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 2011 401k membership
Total participants, beginning-of-year2011-03-016
Total number of active participants reported on line 7a of the Form 55002011-03-014
Number of retired or separated participants receiving benefits2011-03-013
Number of other retired or separated participants entitled to future benefits2011-03-010
Total of all active and inactive participants2011-03-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-03-010
Total participants2011-03-017
Number of participants with account balances2011-03-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-03-010
2010: ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 2010 401k membership
Total participants, beginning-of-year2010-03-015
Total number of active participants reported on line 7a of the Form 55002010-03-015
Number of retired or separated participants receiving benefits2010-03-011
Number of other retired or separated participants entitled to future benefits2010-03-010
Total of all active and inactive participants2010-03-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-03-010
Total participants2010-03-016
Number of participants with account balances2010-03-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-03-010
2009: ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 2009 401k membership
Total participants, beginning-of-year2009-03-015
Total number of active participants reported on line 7a of the Form 55002009-03-014
Number of retired or separated participants receiving benefits2009-03-011
Number of other retired or separated participants entitled to future benefits2009-03-010
Total of all active and inactive participants2009-03-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-03-010
Total participants2009-03-015
Number of participants with account balances2009-03-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-03-010

Financial Data on ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN

Measure Date Value
2013 : ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 2013 401k financial data
Total plan liabilities at end of year2013-02-28$0
Total plan liabilities at beginning of year2013-02-28$0
Total income from all sources2013-02-28$40,182
Expenses. Total of all expenses incurred2013-02-28$50,000
Total plan assets at end of year2013-02-28$626,230
Total plan assets at beginning of year2013-02-28$636,048
Other income received2013-02-28$40,182
Net income (gross income less expenses)2013-02-28$-9,818
Net plan assets at end of year (total assets less liabilities)2013-02-28$626,230
Net plan assets at beginning of year (total assets less liabilities)2013-02-28$636,048
Value of certain deemed distributions of participant loans2013-02-28$50,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-02-28$0
2012 : ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 2012 401k financial data
Total plan liabilities at end of year2012-02-29$0
Total plan liabilities at beginning of year2012-02-29$0
Total income from all sources2012-02-29$4,224
Expenses. Total of all expenses incurred2012-02-29$0
Total plan assets at end of year2012-02-29$636,048
Total plan assets at beginning of year2012-02-29$631,824
Other income received2012-02-29$4,224
Net income (gross income less expenses)2012-02-29$4,224
Net plan assets at end of year (total assets less liabilities)2012-02-29$636,048
Net plan assets at beginning of year (total assets less liabilities)2012-02-29$631,824
Assets. Value of participant loans2012-02-29$50,000
Total plan liabilities at end of year2012-02-28$0
Total plan liabilities at beginning of year2012-02-28$0
Total income from all sources2012-02-28$4,224
Expenses. Total of all expenses incurred2012-02-28$0
Total plan assets at end of year2012-02-28$636,048
Total plan assets at beginning of year2012-02-28$631,824
Other income received2012-02-28$4,224
Net income (gross income less expenses)2012-02-28$4,224
Net plan assets at end of year (total assets less liabilities)2012-02-28$636,048
Net plan assets at beginning of year (total assets less liabilities)2012-02-28$631,824
Assets. Value of participant loans2012-02-28$50,000
2011 : ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 2011 401k financial data
Total plan liabilities at end of year2011-02-28$0
Total plan liabilities at beginning of year2011-02-28$0
Total income from all sources2011-02-28$95,701
Expenses. Total of all expenses incurred2011-02-28$49,939
Benefits paid (including direct rollovers)2011-02-28$49,939
Total plan assets at end of year2011-02-28$631,824
Total plan assets at beginning of year2011-02-28$586,062
Other income received2011-02-28$91,509
Net income (gross income less expenses)2011-02-28$45,762
Net plan assets at end of year (total assets less liabilities)2011-02-28$631,824
Net plan assets at beginning of year (total assets less liabilities)2011-02-28$586,062
Assets. Value of participant loans2011-02-28$50,000
Total contributions received or receivable from employer(s)2011-02-28$4,192
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-02-28$0

Form 5500 Responses for ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN

2012: ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 2012 form 5500 responses
2012-03-01Type of plan entitySingle employer plan
2012-03-01Submission has been amendedNo
2012-03-01This submission is the final filingNo
2012-03-01This return/report is a short plan year return/report (less than 12 months)No
2012-03-01Plan is a collectively bargained planNo
2012-03-01Plan funding arrangement – InsuranceYes
2012-03-01Plan funding arrangement – TrustYes
2012-03-01Plan benefit arrangement – InsuranceYes
2012-03-01Plan benefit arrangement - TrustYes
2011: ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 2011 form 5500 responses
2011-03-01Type of plan entitySingle employer plan
2011-03-01Submission has been amendedYes
2011-03-01This submission is the final filingNo
2011-03-01This return/report is a short plan year return/report (less than 12 months)No
2011-03-01Plan is a collectively bargained planNo
2011-03-01Plan funding arrangement – InsuranceYes
2011-03-01Plan funding arrangement – TrustYes
2011-03-01Plan benefit arrangement – InsuranceYes
2011-03-01Plan benefit arrangement - TrustYes
2010: ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 2010 form 5500 responses
2010-03-01Type of plan entitySingle employer plan
2010-03-01Submission has been amendedNo
2010-03-01This submission is the final filingNo
2010-03-01This return/report is a short plan year return/report (less than 12 months)No
2010-03-01Plan is a collectively bargained planNo
2010-03-01Plan funding arrangement – InsuranceYes
2010-03-01Plan funding arrangement – TrustYes
2010-03-01Plan benefit arrangement – InsuranceYes
2010-03-01Plan benefit arrangement - TrustYes
2009: ICC INNOVATIVE CONCEPTS CORP. PROFIT SHARING/401K PLAN 2009 form 5500 responses
2009-03-01Type of plan entitySingle employer plan
2009-03-01Submission has been amendedNo
2009-03-01This submission is the final filingNo
2009-03-01This return/report is a short plan year return/report (less than 12 months)No
2009-03-01Plan is a collectively bargained planNo
2009-03-01Plan funding arrangement – InsuranceYes
2009-03-01Plan funding arrangement – TrustYes
2009-03-01Plan benefit arrangement – InsuranceYes
2009-03-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number602638
Policy instance 1
Insurance contract or identification number602638
Number of Individuals Covered6
Insurance policy start date2012-03-01
Insurance policy end date2013-02-28
Total amount of commissions paid to insurance brokerUSD $3,560
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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 BrokerUSD $3,560
Insurance broker organization code?3
Insurance broker nameELLIS HILTZ
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number602638
Policy instance 1
Insurance contract or identification number602638
Number of Individuals Covered6
Insurance policy start date2011-03-01
Insurance policy end date2012-02-28
Are there contracts with allocated funds for individual policies?No
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number602638
Policy instance 1
Insurance contract or identification number602638
Number of Individuals Covered6
Insurance policy start date2010-03-01
Insurance policy end date2011-02-28
Total amount of commissions paid to insurance brokerUSD $3,203
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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 BrokerUSD $3,203
Insurance broker organization code?3
Insurance broker nameELLIS HILTZ

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