401k Plan data: ISLAND COMPONENTS 401(K) PLAN plan

ISLAND COMPONENTS 401(K) PLAN 401k Plan overview

Plan Name	ISLAND COMPONENTS 401(K) PLAN
Plan identification number	001

ISLAND COMPONENTS 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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

ISLAND COMPONENTS GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name: ISLAND COMPONENTS GROUP, INC.

Employer identification number (EIN): 113134768

NAIC Classification: 336300

Additional information about ISLAND COMPONENTS GROUP, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1992-11-23

Company Identification Number: 1682239

Legal Registered Office Address: 101-4 Colin Drive
Suffolk
Holbrook
United States of America (USA)
11741

More information about ISLAND COMPONENTS GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ISLAND COMPONENTS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 WILLIAM BROWN
001 2016-01-01 GABRIELLE RUSSELL
001 2015-01-01

Plan Statistics for ISLAND COMPONENTS 401(K) PLAN

401k plan membership statisitcs for ISLAND COMPONENTS 401(K) PLAN

Measure Date Value
2020: ISLAND COMPONENTS 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 16
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 14
Number of retired or separated participants receiving benefits 2020-01-01 2
Number of other retired or separated participants entitled to future benefits 2020-01-01 3
Total of all active and inactive participants 2020-01-01 19
Total participants 2020-01-01 19
Number of participants with account balances 2020-01-01 18
2019: ISLAND COMPONENTS 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 15
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 11
Number of retired or separated participants receiving benefits 2019-01-01 4
Number of other retired or separated participants entitled to future benefits 2019-01-01 1
Total of all active and inactive participants 2019-01-01 16
Total participants 2019-01-01 16
Number of participants with account balances 2019-01-01 15
2018: ISLAND COMPONENTS 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 13
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 9
Number of retired or separated participants receiving benefits 2018-01-01 5
Number of other retired or separated participants entitled to future benefits 2018-01-01 1
Total of all active and inactive participants 2018-01-01 15
Total participants 2018-01-01 15
Number of participants with account balances 2018-01-01 15
2017: ISLAND COMPONENTS 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 13
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 11
Number of retired or separated participants receiving benefits 2017-01-01 2
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 13
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 13
Number of participants with account balances 2017-01-01 11
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: ISLAND COMPONENTS 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 14
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 12
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 1
Total of all active and inactive participants 2016-01-01 13
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 13
Number of participants with account balances 2016-01-01 13

Measure	Date	Value
2020: ISLAND COMPONENTS 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	16
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	14
Number of retired or separated participants receiving benefits	2020-01-01	2
Number of other retired or separated participants entitled to future benefits	2020-01-01	3
Total of all active and inactive participants	2020-01-01	19
Total participants	2020-01-01	19
Number of participants with account balances	2020-01-01	18
2019: ISLAND COMPONENTS 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	15
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	11
Number of retired or separated participants receiving benefits	2019-01-01	4
Number of other retired or separated participants entitled to future benefits	2019-01-01	1
Total of all active and inactive participants	2019-01-01	16
Total participants	2019-01-01	16
Number of participants with account balances	2019-01-01	15
2018: ISLAND COMPONENTS 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	13
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	9
Number of retired or separated participants receiving benefits	2018-01-01	5
Number of other retired or separated participants entitled to future benefits	2018-01-01	1
Total of all active and inactive participants	2018-01-01	15
Total participants	2018-01-01	15
Number of participants with account balances	2018-01-01	15
2017: ISLAND COMPONENTS 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	13
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	11
Number of retired or separated participants receiving benefits	2017-01-01	2
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	13
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	13
Number of participants with account balances	2017-01-01	11
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: ISLAND COMPONENTS 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	14
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	12
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	1
Total of all active and inactive participants	2016-01-01	13
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	13
Number of participants with account balances	2016-01-01	13

Financial Data on ISLAND COMPONENTS 401(K) PLAN

Measure	Date	Value
2020 : ISLAND COMPONENTS 401(K) PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$177,204
Expenses. Total of all expenses incurred	2020-12-31	$19,673
Benefits paid (including direct rollovers)	2020-12-31	$12,110
Total plan assets at end of year	2020-12-31	$895,797
Total plan assets at beginning of year	2020-12-31	$738,266
Value of fidelity bond covering the plan	2020-12-31	$250,000
Assets. Value of tangible personal property	2020-12-31	$0
Total contributions received or receivable from participants	2020-12-31	$39,094
Assets. Value of loans (other than to participants)	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$113,723
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$157,531
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$895,797
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$738,266
Assets. Value of participant loans	2020-12-31	$17,473
Assets. Value of assets in partnership/joint-venture interests	2020-12-31	$0
Assets. Value of real-estate (other than employer real property)	2020-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2020-12-31	$0
Assets. Value of employer securities	2020-12-31	$0
Assets. Value of employer real property	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$24,387
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$7,563
2019 : ISLAND COMPONENTS 401(K) PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$186,791
Expenses. Total of all expenses incurred	2019-12-31	$411,999
Benefits paid (including direct rollovers)	2019-12-31	$403,270
Total plan assets at end of year	2019-12-31	$738,266
Total plan assets at beginning of year	2019-12-31	$963,474
Value of fidelity bond covering the plan	2019-12-31	$250,000
Total contributions received or receivable from participants	2019-12-31	$18,499
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$9,129
Other income received	2019-12-31	$136,625
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$-225,208
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$738,266
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$963,474
Assets. Value of participant loans	2019-12-31	$28,217
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2019-12-31	$0
Total contributions received or receivable from employer(s)	2019-12-31	$22,538
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$8,729
2018 : ISLAND COMPONENTS 401(K) PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$0
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$5,628
Expenses. Total of all expenses incurred	2018-12-31	$152,526
Benefits paid (including direct rollovers)	2018-12-31	$143,474
Total plan assets at end of year	2018-12-31	$963,474
Total plan assets at beginning of year	2018-12-31	$1,110,372
Total contributions received or receivable from participants	2018-12-31	$28,408
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$-41,491
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$-146,898
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$963,474
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$1,110,372
Assets. Value of participant loans	2018-12-31	$38,872
Total contributions received or receivable from employer(s)	2018-12-31	$18,711
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$9,052
2017 : ISLAND COMPONENTS 401(K) PLAN 2017 401k financial data
Transfers to/from the plan	2017-12-31	$0
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$711,837
Expenses. Total of all expenses incurred	2017-12-31	$487,140
Benefits paid (including direct rollovers)	2017-12-31	$477,533
Total plan assets at end of year	2017-12-31	$1,110,372
Total plan assets at beginning of year	2017-12-31	$885,675
Total contributions received or receivable from participants	2017-12-31	$32,013
Expenses. Other expenses not covered elsewhere	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$509,852
Other income received	2017-12-31	$149,833
Noncash contributions received	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$224,697
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$1,110,372
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$885,675
Assets. Value of participant loans	2017-12-31	$49,720
Total contributions received or receivable from employer(s)	2017-12-31	$20,139
Value of certain deemed distributions of participant loans	2017-12-31	$0
Value of corrective distributions	2017-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$9,607
2016 : ISLAND COMPONENTS 401(K) PLAN 2016 401k financial data
Transfers to/from the plan	2016-12-31	$0
Total plan liabilities at end of year	2016-12-31	$0
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$359,064
Expenses. Total of all expenses incurred	2016-12-31	$6,343
Benefits paid (including direct rollovers)	2016-12-31	$0
Total plan assets at end of year	2016-12-31	$885,675
Total plan assets at beginning of year	2016-12-31	$532,954
Total contributions received or receivable from participants	2016-12-31	$45,410
Expenses. Other expenses not covered elsewhere	2016-12-31	$0
Contributions received from other sources (not participants or employers)	2016-12-31	$193,893
Other income received	2016-12-31	$103,710
Noncash contributions received	2016-12-31	$0
Net income (gross income less expenses)	2016-12-31	$352,721
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$885,675
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$532,954
Total contributions received or receivable from employer(s)	2016-12-31	$16,051
Value of certain deemed distributions of participant loans	2016-12-31	$0
Value of corrective distributions	2016-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$6,343

Form 5500 Responses for ISLAND COMPONENTS 401(K) PLAN

2020: ISLAND COMPONENTS 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	This submission is the final filing	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: ISLAND COMPONENTS 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: ISLAND COMPONENTS 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: ISLAND COMPONENTS 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: ISLAND COMPONENTS 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	ISLAND COMPONENTS GROUP, INC.
Employer identification number (EIN):	113134768
NAIC Classification:	336300

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1992-11-23
Company Identification Number:	1682239
Legal Registered Office Address:	101-4 Colin Drive Suffolk Holbrook United States of America (USA) 11741