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TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN 401k Plan overview

Plan NameTWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN
Plan identification number 001

TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TWO LABS MARKETING LLC has sponsored the creation of one or more 401k plans.

Company Name:TWO LABS MARKETING LLC
Employer identification number (EIN):200029009
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012022-01-01
0012021-01-01
0012020-01-01ERIN ABBOT2021-07-28 ERIN ABBOT2021-07-28
0012019-01-01ERIN ABBOT2020-07-23 ERIN ABBOT2020-07-23
0012018-01-01ERIN ABBOT2019-09-26 ERIN ABBOT2019-09-26
0012017-01-01PHIL HOEY2018-10-15 PHIL HOEY2018-10-15
0012016-01-01PHIL HOEY2017-07-25 PHIL HOEY2017-07-25
0012015-01-01RICHARD WARTEL2016-04-12 RICHARD WARTEL2016-04-12
0012014-01-01RICHARD WARTEL2015-04-30 RICHARD WARTEL2015-04-30
0012013-01-01RICHARD WARTEL2014-05-30 RICHARD WARTEL2014-05-30
0012012-01-01RICHARD WARTEL2013-06-11 RICHARD WARTEL2013-06-11
0012011-01-01RICHARD WARTEL2012-06-08 RICHARD WARTEL2012-06-08
0012010-01-01RICHARD WARTEL2011-08-03 RICHARD WARTEL2011-08-03

Plan Statistics for TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN

401k plan membership statisitcs for TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2022: TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01204
Total number of active participants reported on line 7a of the Form 55002022-01-010
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-010
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01190
Total number of active participants reported on line 7a of the Form 55002021-01-01184
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0120
Total of all active and inactive participants2021-01-01204
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01204
Number of participants with account balances2021-01-01203
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0112

Financial Data on TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2022 : TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN 2022 401k financial data
Total transfer of assets from this plan2022-02-28$11,043,365
Total income from all sources (including contributions)2022-02-28$14,692
Total of all expenses incurred2022-02-28$3,141
Value of total assets at end of year2022-02-28$0
Value of total assets at beginning of year2022-02-28$11,031,814
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-02-28$3,141
Total interest from all sources2022-02-28$52
Total dividends received (eg from common stock, registered investment company shares)2022-02-28$25
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-02-28Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-02-28$0
Total dividends received from registered investment company shares (eg mutual funds)2022-02-28$25
Administrative expenses professional fees incurred2022-02-28$3,141
Was this plan covered by a fidelity bond2022-02-28Yes
Value of fidelity bond cover2022-02-28$500,000
If this is an individual account plan, was there a blackout period2022-02-28Yes
Were there any nonexempt tranactions with any party-in-interest2022-02-28No
Participant contributions at end of year2022-02-28$0
Participant contributions at beginning of year2022-02-28$3,273
Participant contributions at end of year2022-02-28$0
Participant contributions at beginning of year2022-02-28$70,029
Total non interest bearing cash at end of year2022-02-28$0
Total non interest bearing cash at beginning of year2022-02-28$3,142
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-02-28No
Value of net income/loss2022-02-28$11,551
Value of net assets at end of year (total assets less liabilities)2022-02-28$0
Value of net assets at beginning of year (total assets less liabilities)2022-02-28$11,031,814
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-02-28No
Were any loans by the plan or fixed income obligations due to the plan in default2022-02-28No
Were any leases to which the plan was party in default or uncollectible2022-02-28No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-02-28$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-02-28$7,910,077
Interest on participant loans2022-02-28$52
Value of interest in common/collective trusts at end of year2022-02-28$0
Value of interest in common/collective trusts at beginning of year2022-02-28$3,021,101
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-02-28$10,780
Net investment gain or loss from common/collective trusts2022-02-28$3,835
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-02-28No
Was there a failure to transmit to the plan any participant contributions2022-02-28No
Has the plan failed to provide any benefit when due under the plan2022-02-28No
Employer contributions (assets) at end of year2022-02-28$0
Employer contributions (assets) at beginning of year2022-02-28$24,192
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-02-28Yes
Did the plan have assets held for investment2022-02-28No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-02-28No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-02-28Yes
Opinion of an independent qualified public accountant for this plan2022-02-28Unqualified
Accountancy firm name2022-02-28VISCONTI & ASSOCIATES, P.C.
Accountancy firm EIN2022-02-28061354191
Total transfer of assets from this plan2022-02-14$10,945,820
Total income from all sources (including contributions)2022-02-14$-82,853
Total of all expenses incurred2022-02-14$3,141
Value of total assets at end of year2022-02-14$0
Value of total assets at beginning of year2022-02-14$11,031,814
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-02-14$3,141
Total dividends received (eg from common stock, registered investment company shares)2022-02-14$25
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-02-14Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-02-14$0
Total dividends received from registered investment company shares (eg mutual funds)2022-02-14$25
Administrative expenses professional fees incurred2022-02-14$3,141
Was this plan covered by a fidelity bond2022-02-14Yes
Value of fidelity bond cover2022-02-14$500,000
If this is an individual account plan, was there a blackout period2022-02-14Yes
Were there any nonexempt tranactions with any party-in-interest2022-02-14No
Participant contributions at end of year2022-02-14$0
Participant contributions at beginning of year2022-02-14$3,273
Participant contributions at end of year2022-02-14$0
Participant contributions at beginning of year2022-02-14$70,029
Total non interest bearing cash at end of year2022-02-14$0
Total non interest bearing cash at beginning of year2022-02-14$3,142
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-02-14No
Value of net income/loss2022-02-14$-85,994
Value of net assets at end of year (total assets less liabilities)2022-02-14$0
Value of net assets at beginning of year (total assets less liabilities)2022-02-14$11,031,814
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-02-14No
Were any loans by the plan or fixed income obligations due to the plan in default2022-02-14No
Were any leases to which the plan was party in default or uncollectible2022-02-14No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-02-14$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-02-14$7,910,077
Value of interest in common/collective trusts at end of year2022-02-14$0
Value of interest in common/collective trusts at beginning of year2022-02-14$3,021,101
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-02-14$500,366
Net investment gain or loss from common/collective trusts2022-02-14$-583,244
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-02-14No
Was there a failure to transmit to the plan any participant contributions2022-02-14No
Has the plan failed to provide any benefit when due under the plan2022-02-14No
Employer contributions (assets) at end of year2022-02-14$0
Employer contributions (assets) at beginning of year2022-02-14$24,192
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-02-14Yes
Did the plan have assets held for investment2022-02-14No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-02-14No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-02-14Yes
Opinion of an independent qualified public accountant for this plan2022-02-14Unqualified
Accountancy firm name2022-02-14VISCONTI & ASSOCIATES, P.C.
Accountancy firm EIN2022-02-14061354191
2021 : TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$3,857,814
Total of all expenses incurred2021-12-31$1,248,858
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,182,659
Expenses. Certain deemed distributions of participant loans2021-12-31$3,380
Value of total corrective distributions2021-12-31$8,647
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$2,567,623
Value of total assets at end of year2021-12-31$11,031,814
Value of total assets at beginning of year2021-12-31$8,422,858
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$54,172
Total interest from all sources2021-12-31$160
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$878,483
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$878,483
Administrative expenses professional fees incurred2021-12-31$20,805
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,651,534
Participant contributions at end of year2021-12-31$3,273
Participant contributions at beginning of year2021-12-31$5,707
Participant contributions at end of year2021-12-31$70,029
Participant contributions at beginning of year2021-12-31$58,997
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$254,820
Total non interest bearing cash at end of year2021-12-31$3,142
Total non interest bearing cash at beginning of year2021-12-31$203
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$2,608,956
Value of net assets at end of year (total assets less liabilities)2021-12-31$11,031,814
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$8,422,858
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$33,367
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$7,910,077
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$6,171,243
Interest on participant loans2021-12-31$160
Value of interest in common/collective trusts at end of year2021-12-31$3,021,101
Value of interest in common/collective trusts at beginning of year2021-12-31$2,161,655
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$43,833
Net investment gain or loss from common/collective trusts2021-12-31$367,715
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$661,269
Employer contributions (assets) at end of year2021-12-31$24,192
Employer contributions (assets) at beginning of year2021-12-31$25,053
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,182,659
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31VISCONTI & ASSOCIATES, P.C.
Accountancy firm EIN2021-12-31061354191

Form 5500 Responses for TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN

2022: TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TWO LABS MARKETING LLC 401(K) AND PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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