ITALIA & LEMP, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan ITALIA & LEMP, INC. RETIREMENT PLAN
401k plan membership statisitcs for ITALIA & LEMP, INC. RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2022: ITALIA & LEMP, INC. RETIREMENT PLAN 2022 401k membership |
|---|
| Total participants, beginning-of-year | 2022-07-01 | 12 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-07-01 | 8 |
| Number of retired or separated participants receiving benefits | 2022-07-01 | 1 |
| Number of other retired or separated participants entitled to future benefits | 2022-07-01 | 1 |
| Total of all active and inactive participants | 2022-07-01 | 10 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-07-01 | 0 |
| Total participants | 2022-07-01 | 10 |
| Number of participants with account balances | 2022-07-01 | 10 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-07-01 | 0 |
| 2021: ITALIA & LEMP, INC. RETIREMENT PLAN 2021 401k membership |
|---|
| Total participants, beginning-of-year | 2021-07-01 | 14 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-07-01 | 8 |
| Number of retired or separated participants receiving benefits | 2021-07-01 | 1 |
| Number of other retired or separated participants entitled to future benefits | 2021-07-01 | 2 |
| Total of all active and inactive participants | 2021-07-01 | 11 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-07-01 | 0 |
| Total participants | 2021-07-01 | 11 |
| Number of participants with account balances | 2021-07-01 | 11 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-07-01 | 0 |
| 2020: ITALIA & LEMP, INC. RETIREMENT PLAN 2020 401k membership |
|---|
| Total participants, beginning-of-year | 2020-07-01 | 13 |
| Total number of active participants reported on line 7a of the Form 5500 | 2020-07-01 | 7 |
| Number of retired or separated participants receiving benefits | 2020-07-01 | 6 |
| Number of other retired or separated participants entitled to future benefits | 2020-07-01 | 0 |
| Total of all active and inactive participants | 2020-07-01 | 13 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-07-01 | 0 |
| Total participants | 2020-07-01 | 13 |
| Number of participants with account balances | 2020-07-01 | 13 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-07-01 | 1 |
| 2019: ITALIA & LEMP, INC. RETIREMENT PLAN 2019 401k membership |
|---|
| Total participants, beginning-of-year | 2019-07-01 | 13 |
| Total number of active participants reported on line 7a of the Form 5500 | 2019-07-01 | 8 |
| Number of retired or separated participants receiving benefits | 2019-07-01 | 5 |
| Total of all active and inactive participants | 2019-07-01 | 13 |
| Total participants | 2019-07-01 | 13 |
| Number of participants with account balances | 2019-07-01 | 13 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-07-01 | 0 |
| Measure | Date | Value |
|---|
| 2023 : ITALIA & LEMP, INC. RETIREMENT PLAN 2023 401k financial data |
|---|
| Total income from all sources | 2023-06-30 | $282,150 |
| Expenses. Total of all expenses incurred | 2023-06-30 | $12,202 |
| Benefits paid (including direct rollovers) | 2023-06-30 | $6,599 |
| Total plan assets at end of year | 2023-06-30 | $2,325,538 |
| Total plan assets at beginning of year | 2023-06-30 | $2,055,590 |
| Value of fidelity bond covering the plan | 2023-06-30 | $5,000,000 |
| Total contributions received or receivable from participants | 2023-06-30 | $94,034 |
| Contributions received from other sources (not participants or employers) | 2023-06-30 | $0 |
| Other income received | 2023-06-30 | $163,868 |
| Net income (gross income less expenses) | 2023-06-30 | $269,948 |
| Net plan assets at end of year (total assets less liabilities) | 2023-06-30 | $2,325,538 |
| Net plan assets at beginning of year (total assets less liabilities) | 2023-06-30 | $2,055,590 |
| Assets. Value of assets in partnership/joint-venture interests | 2023-06-30 | $4,450 |
| Total contributions received or receivable from employer(s) | 2023-06-30 | $24,248 |
| Value of certain deemed distributions of participant loans | 2023-06-30 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2023-06-30 | $5,603 |
| 2022 : ITALIA & LEMP, INC. RETIREMENT PLAN 2022 401k financial data |
|---|
| Total income from all sources | 2022-06-30 | $-129,814 |
| Expenses. Total of all expenses incurred | 2022-06-30 | $39,157 |
| Benefits paid (including direct rollovers) | 2022-06-30 | $33,209 |
| Total plan assets at end of year | 2022-06-30 | $2,055,590 |
| Total plan assets at beginning of year | 2022-06-30 | $2,224,561 |
| Value of fidelity bond covering the plan | 2022-06-30 | $170,000 |
| Total contributions received or receivable from participants | 2022-06-30 | $102,473 |
| Contributions received from other sources (not participants or employers) | 2022-06-30 | $0 |
| Other income received | 2022-06-30 | $-257,749 |
| Net income (gross income less expenses) | 2022-06-30 | $-168,971 |
| Net plan assets at end of year (total assets less liabilities) | 2022-06-30 | $2,055,590 |
| Net plan assets at beginning of year (total assets less liabilities) | 2022-06-30 | $2,224,561 |
| Assets. Value of assets in partnership/joint-venture interests | 2022-06-30 | $1,750 |
| Total contributions received or receivable from employer(s) | 2022-06-30 | $25,462 |
| Value of certain deemed distributions of participant loans | 2022-06-30 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2022-06-30 | $5,948 |
| 2021 : ITALIA & LEMP, INC. RETIREMENT PLAN 2021 401k financial data |
|---|
| Total income from all sources | 2021-06-30 | $516,126 |
| Expenses. Total of all expenses incurred | 2021-06-30 | $11,774 |
| Benefits paid (including direct rollovers) | 2021-06-30 | $5,000 |
| Total plan assets at end of year | 2021-06-30 | $2,215,125 |
| Total plan assets at beginning of year | 2021-06-30 | $1,710,773 |
| Value of fidelity bond covering the plan | 2021-06-30 | $170,000 |
| Total contributions received or receivable from participants | 2021-06-30 | $52,278 |
| Contributions received from other sources (not participants or employers) | 2021-06-30 | $16,894 |
| Other income received | 2021-06-30 | $336,425 |
| Net income (gross income less expenses) | 2021-06-30 | $504,352 |
| Net plan assets at end of year (total assets less liabilities) | 2021-06-30 | $2,215,125 |
| Net plan assets at beginning of year (total assets less liabilities) | 2021-06-30 | $1,710,773 |
| Assets. Value of assets in partnership/joint-venture interests | 2021-06-30 | $156,500 |
| Total contributions received or receivable from employer(s) | 2021-06-30 | $110,529 |
| Value of certain deemed distributions of participant loans | 2021-06-30 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2021-06-30 | $6,774 |
| 2020 : ITALIA & LEMP, INC. RETIREMENT PLAN 2020 401k financial data |
|---|
| Total income from all sources | 2020-06-30 | $130,204 |
| Expenses. Total of all expenses incurred | 2020-06-30 | $19,084 |
| Benefits paid (including direct rollovers) | 2020-06-30 | $12,087 |
| Total plan assets at end of year | 2020-06-30 | $1,710,773 |
| Total plan assets at beginning of year | 2020-06-30 | $1,599,653 |
| Value of fidelity bond covering the plan | 2020-06-30 | $170,000 |
| Total contributions received or receivable from participants | 2020-06-30 | $47,069 |
| Contributions received from other sources (not participants or employers) | 2020-06-30 | $19,098 |
| Other income received | 2020-06-30 | $43,325 |
| Net income (gross income less expenses) | 2020-06-30 | $111,120 |
| Net plan assets at end of year (total assets less liabilities) | 2020-06-30 | $1,710,773 |
| Net plan assets at beginning of year (total assets less liabilities) | 2020-06-30 | $1,599,653 |
| Assets. Value of assets in partnership/joint-venture interests | 2020-06-30 | $160,300 |
| Total contributions received or receivable from employer(s) | 2020-06-30 | $20,712 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2020-06-30 | $6,997 |
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 ) |
| Policy contract number | GP 31922 |
| Policy instance | 1 |
| Insurance contract or identification number | GP 31922 | | Number of Individuals Covered | 10 | | Insurance policy start date | 2022-07-01 | | Insurance policy end date | 2023-06-30 | | Total amount of commissions paid to insurance broker | USD $7,244 | | Total amount of fees paid to insurance company | USD $2,657 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $7,244 | | Amount paid for insurance broker fees | 0 | | Insurance broker organization code? | 4 |
|
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 ) |
| Policy contract number | GP 31922 |
| Policy instance | 1 |
| Insurance contract or identification number | GP 31922 | | Number of Individuals Covered | 10 | | Insurance policy start date | 2021-07-01 | | Insurance policy end date | 2022-06-30 | | Total amount of commissions paid to insurance broker | USD $7,251 | | Total amount of fees paid to insurance company | USD $2,721 | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $7,251 | | Insurance broker organization code? | 4 | | Amount paid for insurance broker fees | 2721 |
|
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 ) |
| Policy contract number | GP 31922 |
| Policy instance | 1 |
| Insurance contract or identification number | GP 31922 | | Number of Individuals Covered | 13 | | Insurance policy start date | 2020-07-01 | | Insurance policy end date | 2021-06-30 | | Total amount of commissions paid to insurance broker | USD $6,156 | | Total amount of fees paid to insurance company | USD $2,485 | | Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment? | Yes | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $6,156 | | Amount paid for insurance broker fees | 0 | | Additional information about fees paid to insurance broker | SALES AND BASE COMMISSIONS | | Insurance broker organization code? | 4 |
|
| THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 ) |
| Policy contract number | GP 31922 |
| Policy instance | 1 |
| Insurance contract or identification number | GP 31922 | | Number of Individuals Covered | 11 | | Insurance policy start date | 2019-07-01 | | Insurance policy end date | 2020-06-30 | | Total amount of commissions paid to insurance broker | USD $5,015 | | Total amount of fees paid to insurance company | USD $611 | | Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment? | Yes | | Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500? | No | | Commission paid to Insurance Broker | USD $5,015 | | Additional information about fees paid to insurance broker | SALES AND BASE COMMISSIONS | | Insurance broker organization code? | 4 | | Amount paid for insurance broker fees | 611 |
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