401k Plan data: TRADITIONS SPIRITS INC. 401(K) PLAN plan

TRADITIONS SPIRITS INC. 401(K) PLAN 401k Plan overview

Plan Name	TRADITIONS SPIRITS INC. 401(K) PLAN
Plan identification number	001

TRADITIONS SPIRITS INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TRADITIONS SPIRITS INC. has sponsored the creation of one or more 401k plans.

Company Name: TRADITIONS SPIRITS INC.

Employer identification number (EIN): 208458527

NAIC Classification: 722410
NAIC Description: Drinking Places (Alcoholic Beverages)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TRADITIONS SPIRITS INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01 MICHELLE TUCKER 2020-10-15
001 2019-01-01

Plan Statistics for TRADITIONS SPIRITS INC. 401(K) PLAN

401k plan membership statisitcs for TRADITIONS SPIRITS INC. 401(K) PLAN

Measure Date Value
2023: TRADITIONS SPIRITS INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 478
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 577
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 22
Total of all active and inactive participants 2023-01-01 599
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 599
Number of participants with account balances 2023-01-01 180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 19
2022: TRADITIONS SPIRITS INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 239
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 211
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 107
Total of all active and inactive participants 2022-01-01 318
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 318
Number of participants with account balances 2022-01-01 271
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 3
2021: TRADITIONS SPIRITS INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 656
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 690
Number of retired or separated participants receiving benefits 2021-01-01 13
Number of other retired or separated participants entitled to future benefits 2021-01-01 99
Total of all active and inactive participants 2021-01-01 802
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 802
Number of participants with account balances 2021-01-01 258
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: TRADITIONS SPIRITS INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 677
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 586
Number of retired or separated participants receiving benefits 2020-01-01 9
Number of other retired or separated participants entitled to future benefits 2020-01-01 77
Total of all active and inactive participants 2020-01-01 672
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 672
Number of participants with account balances 2020-01-01 235
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 40
2019: TRADITIONS SPIRITS INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 605
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 623
Number of retired or separated participants receiving benefits 2019-01-01 5
Number of other retired or separated participants entitled to future benefits 2019-01-01 33
Total of all active and inactive participants 2019-01-01 661
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 661
Number of participants with account balances 2019-01-01 147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 42

Measure	Date	Value
2023: TRADITIONS SPIRITS INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	478
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	577
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	22
Total of all active and inactive participants	2023-01-01	599
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	599
Number of participants with account balances	2023-01-01	180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	19
2022: TRADITIONS SPIRITS INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	239
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	211
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	107
Total of all active and inactive participants	2022-01-01	318
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	318
Number of participants with account balances	2022-01-01	271
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	3
2021: TRADITIONS SPIRITS INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	656
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	690
Number of retired or separated participants receiving benefits	2021-01-01	13
Number of other retired or separated participants entitled to future benefits	2021-01-01	99
Total of all active and inactive participants	2021-01-01	802
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	802
Number of participants with account balances	2021-01-01	258
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: TRADITIONS SPIRITS INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	677
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	586
Number of retired or separated participants receiving benefits	2020-01-01	9
Number of other retired or separated participants entitled to future benefits	2020-01-01	77
Total of all active and inactive participants	2020-01-01	672
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	672
Number of participants with account balances	2020-01-01	235
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	40
2019: TRADITIONS SPIRITS INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	605
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	623
Number of retired or separated participants receiving benefits	2019-01-01	5
Number of other retired or separated participants entitled to future benefits	2019-01-01	33
Total of all active and inactive participants	2019-01-01	661
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	661
Number of participants with account balances	2019-01-01	147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	42

Financial Data on TRADITIONS SPIRITS INC. 401(K) PLAN

Measure	Date	Value
2023 : TRADITIONS SPIRITS INC. 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total transfer of assets to this plan	2023-12-31	$0
Total transfer of assets from this plan	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$3,828
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$1,013,530
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$171,209
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$160,552
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$775,250
Value of total assets at end of year	2023-12-31	$1,878,965
Value of total assets at beginning of year	2023-12-31	$1,032,816
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$10,657
Total interest from all sources	2023-12-31	$4,914
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$37,181
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$37,181
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$500,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$422,339
Participant contributions at end of year	2023-12-31	$98,153
Participant contributions at beginning of year	2023-12-31	$21,359
Participant contributions at end of year	2023-12-31	$18,400
Participant contributions at beginning of year	2023-12-31	$11,900
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$105,999
Other income not declared elsewhere	2023-12-31	$464
Liabilities. Value of operating payables at end of year	2023-12-31	$3,828
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$842,321
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$1,875,137
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$1,032,816
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$1,737,012
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$953,621
Interest on participant loans	2023-12-31	$4,914
Value of interest in common/collective trusts at end of year	2023-12-31	$15,100
Value of interest in common/collective trusts at beginning of year	2023-12-31	$43,636
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$194,912
Net investment gain or loss from common/collective trusts	2023-12-31	$809
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$246,912
Employer contributions (assets) at end of year	2023-12-31	$10,300
Employer contributions (assets) at beginning of year	2023-12-31	$2,300
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$160,552
Did the plan have assets held for investment	2023-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	RSM US LLP
Accountancy firm EIN	2023-12-31	420714325
2022 : TRADITIONS SPIRITS INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total transfer of assets from this plan	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$50,009
Total income from all sources (including contributions)	2022-12-31	$218,753
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$156,601
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$149,670
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$383,210
Value of total assets at end of year	2022-12-31	$1,032,816
Value of total assets at beginning of year	2022-12-31	$1,020,673
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$6,931
Total interest from all sources	2022-12-31	$171
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$23,802
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$23,802
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$318,942
Participant contributions at end of year	2022-12-31	$21,359
Participant contributions at beginning of year	2022-12-31	$3,000
Participant contributions at end of year	2022-12-31	$11,900
Participant contributions at beginning of year	2022-12-31	$10,045
Other income not declared elsewhere	2022-12-31	$20,325
Administrative expenses (other) incurred	2022-12-31	$6,931
Liabilities. Value of operating payables at end of year	2022-12-31	$0
Liabilities. Value of operating payables at beginning of year	2022-12-31	$50,009
Total non interest bearing cash at beginning of year	2022-12-31	$1,500
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$62,152
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$1,032,816
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$970,664
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$953,621
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$999,714
Interest on participant loans	2022-12-31	$171
Value of interest in common/collective trusts at end of year	2022-12-31	$43,636
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$4,364
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$4,364
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-209,023
Net investment gain or loss from common/collective trusts	2022-12-31	$268
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$64,268
Employer contributions (assets) at end of year	2022-12-31	$2,300
Employer contributions (assets) at beginning of year	2022-12-31	$2,050
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$149,670
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2022-12-31	Yes
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	RSM US LLP
Accountancy firm EIN	2022-12-31	420714325
2021 : TRADITIONS SPIRITS INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$50,009
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$39,531
Total income from all sources (including contributions)	2021-12-31	$404,320
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$72,484
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$68,155
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$275,572
Value of total assets at end of year	2021-12-31	$1,020,673
Value of total assets at beginning of year	2021-12-31	$678,359
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$4,329
Total interest from all sources	2021-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$18,607
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$18,607
Administrative expenses professional fees incurred	2021-12-31	$4,329
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$225,863
Participant contributions at end of year	2021-12-31	$3,000
Participant contributions at beginning of year	2021-12-31	$0
Participant contributions at end of year	2021-12-31	$10,045
Participant contributions at beginning of year	2021-12-31	$0
Liabilities. Value of operating payables at end of year	2021-12-31	$50,009
Liabilities. Value of operating payables at beginning of year	2021-12-31	$39,531
Total non interest bearing cash at end of year	2021-12-31	$1,500
Total non interest bearing cash at beginning of year	2021-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$331,836
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$970,664
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$638,828
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$999,714
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$676,434
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$4,364
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$1,925
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$1,925
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$110,141
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$49,709
Employer contributions (assets) at end of year	2021-12-31	$2,050
Employer contributions (assets) at beginning of year	2021-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$68,155
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	RSM US LLP
Accountancy firm EIN	2021-12-31	420714325
2020 : TRADITIONS SPIRITS INC. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$39,531
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$3,998
Total income from all sources (including contributions)	2020-12-31	$337,728
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$25,609
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$22,964
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$251,001
Value of total assets at end of year	2020-12-31	$678,359
Value of total assets at beginning of year	2020-12-31	$330,707
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$2,645
Total interest from all sources	2020-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$10,530
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$10,530
Administrative expenses professional fees incurred	2020-12-31	$2,645
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$203,253
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$4,174
Liabilities. Value of operating payables at end of year	2020-12-31	$39,531
Liabilities. Value of operating payables at beginning of year	2020-12-31	$3,998
Total non interest bearing cash at end of year	2020-12-31	$0
Total non interest bearing cash at beginning of year	2020-12-31	$11,368
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$312,119
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$638,828
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$326,709
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$676,434
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$317,998
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$1,925
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$1,341
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$1,341
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$76,197
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$43,574
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$22,964
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	RSM US LLP
Accountancy firm EIN	2020-12-31	420714325
2019 : TRADITIONS SPIRITS INC. 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$3,998
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$346,890
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$20,181
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$18,146
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$321,760
Value of total assets at end of year	2019-12-31	$330,707
Value of total assets at beginning of year	2019-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$2,035
Total interest from all sources	2019-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$4,839
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$4,839
Administrative expenses professional fees incurred	2019-12-31	$2,035
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$263,643
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$9,162
Liabilities. Value of operating payables at end of year	2019-12-31	$3,998
Liabilities. Value of operating payables at beginning of year	2019-12-31	$0
Total non interest bearing cash at end of year	2019-12-31	$11,368
Total non interest bearing cash at beginning of year	2019-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$326,709
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$326,709
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$317,998
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$1,341
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$20,291
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$48,955
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$18,146
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	RSM US LLP
Accountancy firm EIN	2019-12-31	420714325

Form 5500 Responses for TRADITIONS SPIRITS INC. 401(K) PLAN

2023: TRADITIONS SPIRITS INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: TRADITIONS SPIRITS INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: TRADITIONS SPIRITS INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: TRADITIONS SPIRITS INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	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: TRADITIONS SPIRITS INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	First time form 5500 has been submitted	Yes
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

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	TRADITIONS SPIRITS INC.
Employer identification number (EIN):	208458527
NAIC Classification:	722410
NAIC Description:	Drinking Places (Alcoholic Beverages)