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AJ MADISON 401(K) PLAN 401k Plan overview

Plan NameAJ MADISON 401(K) PLAN
Plan identification number 001

AJ MADISON 401(K) PLAN Benefits

401k Plan TypeDefined 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

STAR CREATIONS DBA AJ MADISON has sponsored the creation of one or more 401k plans.

Company Name:STAR CREATIONS DBA AJ MADISON
Employer identification number (EIN):061582801
NAIC Classification:454110
NAIC Description:Electronic Shopping and Mail-Order Houses

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AJ MADISON 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ALEXANDRA ILLISH2024-05-19
0012022-01-01
0012021-01-01ALEXANDRA ILLISH2022-10-02
0012020-01-01ALEXANDRA ILLISH2021-04-26
0012020-01-01ALEXANDRA ILLISH2022-09-29
0012019-01-01ALEXANDRA ILLISH2020-06-10

Plan Statistics for AJ MADISON 401(K) PLAN

401k plan membership statisitcs for AJ MADISON 401(K) PLAN

Measure Date Value
2022: AJ MADISON 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01143
Total number of active participants reported on line 7a of the Form 55002022-01-01180
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-014
Total of all active and inactive participants2022-01-01185
Total participants2022-01-01185
Number of participants with account balances2022-01-0154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010

Financial Data on AJ MADISON 401(K) PLAN

Measure Date Value
2022 : AJ MADISON 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$263,950
Total of all expenses incurred2022-12-31$18,260
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$17,405
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$520,720
Value of total assets at end of year2022-12-31$1,536,745
Value of total assets at beginning of year2022-12-31$1,291,055
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$855
Total interest from all sources2022-12-31$2,386
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$129,105
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$329,416
Participant contributions at end of year2022-12-31$58,874
Participant contributions at beginning of year2022-12-31$9,142
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$245,690
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,536,745
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$1,291,055
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$280,420
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$288,545
Value of interest in pooled separate accounts at end of year2022-12-31$33,507
Value of interest in pooled separate accounts at beginning of year2022-12-31$28,418
Interest on participant loans2022-12-31$2,386
Value of interest in common/collective trusts at end of year2022-12-31$926,494
Value of interest in common/collective trusts at beginning of year2022-12-31$796,041
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$46,146
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$14,973
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-259,156
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$191,304
Employer contributions (assets) at end of year2022-12-31$191,304
Employer contributions (assets) at beginning of year2022-12-31$153,936
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$17,405
Contract administrator fees2022-12-31$855
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BLATT & DAUMAN, LLP
Accountancy firm EIN2022-12-31112778625

Form 5500 Responses for AJ MADISON 401(K) PLAN

2022: AJ MADISON 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered142
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $90
Total amount of fees paid to insurance companyUSD $8
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 BrokerUSD $90
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerREFERRAL/SERVICE FEE
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number817814
Policy instance 2
Insurance contract or identification number817814
Number of Individuals Covered142
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $120
Total amount of fees paid to insurance companyUSD $11
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $120
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerREFERRAL/SERVICE FEE

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