INNOVATIVE INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan INNOVATIVE INDUSTRIES, INC. 401(K) PLAN
| Measure | Date | Value |
|---|
| 2025 : INNOVATIVE INDUSTRIES, INC. 401(K) PLAN 2025 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2025-04-15 | 0 |
| Total liabilities as of the end of the plan year | 2025-04-15 | 0 |
| Total liabilities as of the beginning of the plan year | 2025-04-15 | 0 |
| Total expenses incurred by plan in this plan year | 2025-04-15 | 248646 |
| Net assets as of the end of the plan year | 2025-04-15 | 1402432 |
| Total assets as of the beginning of the plan year | 2025-04-15 | 1252354 |
| Value of plan covered by a fidelity bond | 2025-04-15 | 50000 |
| Participant contributions to plan in this plan year | 2025-04-15 | 179586 |
| Other expenses paid from plan in this plan year | 2025-04-15 | 0 |
| Other contributions to plan in this plan year | 2025-04-15 | 6403 |
| Other income to plan in this plan year | 2025-04-15 | 153083 |
| Plan net income in this plan year | 2025-04-15 | 150078 |
| Net assets as of the end of the plan year | 2025-04-15 | 1402432 |
| Net assets as of the beginning of the plan year | 2025-04-15 | 1252354 |
| Value of contributions failed to transmitted timely | 2025-04-15 | 4398 |
| Employer contributions to plan in this plan year | 2025-04-15 | 59652 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-04-15 | 28702 |
| 2023 : INNOVATIVE INDUSTRIES, INC. 401(K) PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-06-30 | $0 |
| Total income from all sources (including contributions) | 2023-06-30 | $338,352 |
| Total loss/gain on sale of assets | 2023-06-30 | $0 |
| Total of all expenses incurred | 2023-06-30 | $125,183 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-06-30 | $106,033 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-06-30 | $218,177 |
| Value of total assets at end of year | 2023-06-30 | $1,252,354 |
| Value of total assets at beginning of year | 2023-06-30 | $1,039,185 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-06-30 | $19,150 |
| Total interest from all sources | 2023-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-06-30 | $21,225 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-06-30 | $21,225 |
| Was this plan covered by a fidelity bond | 2023-06-30 | Yes |
| Value of fidelity bond cover | 2023-06-30 | $50,000 |
| If this is an individual account plan, was there a blackout period | 2023-06-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-06-30 | No |
| Contributions received from participants | 2023-06-30 | $160,849 |
| Participant contributions at beginning of year | 2023-06-30 | $1,810 |
| Other income not declared elsewhere | 2023-06-30 | $33 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-06-30 | No |
| Value of net income/loss | 2023-06-30 | $213,169 |
| Value of net assets at end of year (total assets less liabilities) | 2023-06-30 | $1,252,354 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-06-30 | $1,039,185 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-06-30 | No |
| Investment advisory and management fees | 2023-06-30 | $10,476 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-06-30 | $1,246,736 |
| Value of interest in pooled separate accounts at beginning of year | 2023-06-30 | $1,036,722 |
| Value of interest in common/collective trusts at end of year | 2023-06-30 | $5,618 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-06-30 | $119,544 |
| Net investment gain/loss from pooled separate accounts | 2023-06-30 | $-21,437 |
| Net investment gain or loss from common/collective trusts | 2023-06-30 | $810 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-06-30 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-06-30 | No |
| Contributions received in cash from employer | 2023-06-30 | $57,328 |
| Employer contributions (assets) at beginning of year | 2023-06-30 | $653 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-06-30 | $106,033 |
| Contract administrator fees | 2023-06-30 | $8,674 |
| Did the plan have assets held for investment | 2023-06-30 | 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 | 2023-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-06-30 | Unqualified |
| Accountancy firm name | 2023-06-30 | SCHROER & ASSOCIATES, P.C. |
| Accountancy firm EIN | 2023-06-30 | 421459710 |
| 2022 : INNOVATIVE INDUSTRIES, INC. 401(K) PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-07-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-07-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-07-01 | $0 |
| Total income from all sources (including contributions) | 2022-07-01 | $338,352 |
| Total loss/gain on sale of assets | 2022-07-01 | $0 |
| Total of all expenses incurred | 2022-07-01 | $125,183 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-07-01 | $106,033 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-07-01 | $218,177 |
| Value of total assets at end of year | 2022-07-01 | $1,252,354 |
| Value of total assets at beginning of year | 2022-07-01 | $1,039,185 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-07-01 | $19,150 |
| Total interest from all sources | 2022-07-01 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-07-01 | $21,225 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-07-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-07-01 | $21,225 |
| Was this plan covered by a fidelity bond | 2022-07-01 | Yes |
| Value of fidelity bond cover | 2022-07-01 | $50,000 |
| If this is an individual account plan, was there a blackout period | 2022-07-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-07-01 | No |
| Contributions received from participants | 2022-07-01 | $160,849 |
| Participant contributions at beginning of year | 2022-07-01 | $1,810 |
| Other income not declared elsewhere | 2022-07-01 | $33 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-07-01 | No |
| Value of net income/loss | 2022-07-01 | $213,169 |
| Value of net assets at end of year (total assets less liabilities) | 2022-07-01 | $1,252,354 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-07-01 | $1,039,185 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-07-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-07-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-07-01 | No |
| Investment advisory and management fees | 2022-07-01 | $10,476 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-07-01 | $1,246,736 |
| Value of interest in pooled separate accounts at beginning of year | 2022-07-01 | $1,036,722 |
| Value of interest in common/collective trusts at end of year | 2022-07-01 | $5,618 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-07-01 | $119,544 |
| Net investment gain/loss from pooled separate accounts | 2022-07-01 | $-21,437 |
| Net investment gain or loss from common/collective trusts | 2022-07-01 | $810 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-07-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-07-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-07-01 | No |
| Contributions received in cash from employer | 2022-07-01 | $57,328 |
| Employer contributions (assets) at beginning of year | 2022-07-01 | $653 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-07-01 | $106,033 |
| Contract administrator fees | 2022-07-01 | $8,674 |
| Did the plan have assets held for investment | 2022-07-01 | 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 | 2022-07-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-07-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-07-01 | 1 |
| Accountancy firm name | 2022-07-01 | SCHROER & ASSOCIATES, P.C. |
| Accountancy firm EIN | 2022-07-01 | 421459710 |
| Total unrealized appreciation/depreciation of assets | 2022-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
| Total income from all sources (including contributions) | 2022-06-30 | $-19,212 |
| Total loss/gain on sale of assets | 2022-06-30 | $0 |
| Total of all expenses incurred | 2022-06-30 | $187,332 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-06-30 | $187,156 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-06-30 | $177,709 |
| Value of total assets at end of year | 2022-06-30 | $1,039,185 |
| Value of total assets at beginning of year | 2022-06-30 | $1,245,729 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-06-30 | $176 |
| Total interest from all sources | 2022-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-06-30 | No |
| Was this plan covered by a fidelity bond | 2022-06-30 | Yes |
| Value of fidelity bond cover | 2022-06-30 | $50,000 |
| If this is an individual account plan, was there a blackout period | 2022-06-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-06-30 | No |
| Contributions received from participants | 2022-06-30 | $130,399 |
| Participant contributions at end of year | 2022-06-30 | $1,810 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-06-30 | No |
| Value of net income/loss | 2022-06-30 | $-206,544 |
| Value of net assets at end of year (total assets less liabilities) | 2022-06-30 | $1,039,185 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-06-30 | $1,245,729 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-06-30 | No |
| Value of interest in pooled separate accounts at end of year | 2022-06-30 | $1,036,722 |
| Value of interest in pooled separate accounts at beginning of year | 2022-06-30 | $1,245,729 |
| Net investment gain/loss from pooled separate accounts | 2022-06-30 | $-196,921 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-06-30 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-06-30 | No |
| Contributions received in cash from employer | 2022-06-30 | $47,310 |
| Employer contributions (assets) at end of year | 2022-06-30 | $653 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-06-30 | $187,156 |
| Contract administrator fees | 2022-06-30 | $176 |
| Did the plan have assets held for investment | 2022-06-30 | 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 | 2022-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-06-30 | Unqualified |
| Accountancy firm name | 2022-06-30 | SCHROER AND ASSOCIATES |
| Accountancy firm EIN | 2022-06-30 | 421459710 |
| 2021 : INNOVATIVE INDUSTRIES, INC. 401(K) PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $0 |
| Total income from all sources (including contributions) | 2021-06-30 | $389,643 |
| Total loss/gain on sale of assets | 2021-06-30 | $0 |
| Total of all expenses incurred | 2021-06-30 | $28,021 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-06-30 | $28,021 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-06-30 | $145,658 |
| Value of total assets at end of year | 2021-06-30 | $1,245,729 |
| Value of total assets at beginning of year | 2021-06-30 | $884,107 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-06-30 | $0 |
| Total interest from all sources | 2021-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-06-30 | No |
| Was this plan covered by a fidelity bond | 2021-06-30 | Yes |
| Value of fidelity bond cover | 2021-06-30 | $50,000 |
| If this is an individual account plan, was there a blackout period | 2021-06-30 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-06-30 | No |
| Contributions received from participants | 2021-06-30 | $104,502 |
| Participant contributions at beginning of year | 2021-06-30 | $2,973 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-06-30 | No |
| Value of net income/loss | 2021-06-30 | $361,622 |
| Value of net assets at end of year (total assets less liabilities) | 2021-06-30 | $1,245,729 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-06-30 | $884,107 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-06-30 | No |
| Value of interest in pooled separate accounts at end of year | 2021-06-30 | $1,245,729 |
| Value of interest in pooled separate accounts at beginning of year | 2021-06-30 | $879,893 |
| Net investment gain/loss from pooled separate accounts | 2021-06-30 | $243,985 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-06-30 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2021-06-30 | No |
| Contributions received in cash from employer | 2021-06-30 | $41,156 |
| Employer contributions (assets) at beginning of year | 2021-06-30 | $1,241 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-06-30 | $28,021 |
| Did the plan have assets held for investment | 2021-06-30 | 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 | 2021-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-06-30 | Disclaimer |
| Accountancy firm name | 2021-06-30 | SCHROER AND ASSOCIATES |
| Accountancy firm EIN | 2021-06-30 | 421459710 |
| 2020 : INNOVATIVE INDUSTRIES, INC. 401(K) PLAN 2020 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2020-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2020-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2020-06-30 | $0 |
| Total transfer of assets to this plan | 2020-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-06-30 | $0 |
| Total income from all sources (including contributions) | 2020-06-30 | $160,013 |
| Total loss/gain on sale of assets | 2020-06-30 | $0 |
| Total of all expenses incurred | 2020-06-30 | $122,195 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-06-30 | $122,194 |
| Value of total corrective distributions | 2020-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-06-30 | $136,101 |
| Value of total assets at end of year | 2020-06-30 | $884,107 |
| Value of total assets at beginning of year | 2020-06-30 | $846,289 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-06-30 | $1 |
| Total income from rents | 2020-06-30 | $0 |
| Total interest from all sources | 2020-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-06-30 | $0 |
| Administrative expenses professional fees incurred | 2020-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2020-06-30 | Yes |
| Value of fidelity bond cover | 2020-06-30 | $50,000 |
| If this is an individual account plan, was there a blackout period | 2020-06-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2020-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2020-06-30 | $0 |
| Contributions received from participants | 2020-06-30 | $91,366 |
| Participant contributions at end of year | 2020-06-30 | $2,973 |
| Participant contributions at beginning of year | 2020-06-30 | $3,425 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-06-30 | $6,105 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2020-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-06-30 | $0 |
| Other income not declared elsewhere | 2020-06-30 | $0 |
| Administrative expenses (other) incurred | 2020-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2020-06-30 | $0 |
| Total non interest bearing cash at end of year | 2020-06-30 | $0 |
| Total non interest bearing cash at beginning of year | 2020-06-30 | $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 | 2020-06-30 | No |
| Value of net income/loss | 2020-06-30 | $37,818 |
| Value of net assets at end of year (total assets less liabilities) | 2020-06-30 | $884,107 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-06-30 | $846,289 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2020-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2020-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2020-06-30 | $0 |
| Investment advisory and management fees | 2020-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2020-06-30 | $879,893 |
| Value of interest in pooled separate accounts at beginning of year | 2020-06-30 | $841,304 |
| Income. Interest from loans (other than to participants) | 2020-06-30 | $0 |
| Interest earned on other investments | 2020-06-30 | $0 |
| Income. Interest from US Government securities | 2020-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2020-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-06-30 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-06-30 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2020-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2020-06-30 | $23,912 |
| Net investment gain or loss from common/collective trusts | 2020-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2020-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-06-30 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2020-06-30 | No |
| Contributions received in cash from employer | 2020-06-30 | $38,630 |
| Employer contributions (assets) at end of year | 2020-06-30 | $1,241 |
| Employer contributions (assets) at beginning of year | 2020-06-30 | $1,560 |
| Income. Dividends from preferred stock | 2020-06-30 | $0 |
| Income. Dividends from common stock | 2020-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-06-30 | $122,194 |
| Contract administrator fees | 2020-06-30 | $1 |
| Liabilities. Value of benefit claims payable at beginning of year | 2020-06-30 | $0 |
| Did the plan have assets held for investment | 2020-06-30 | 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 | 2020-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-06-30 | No |
| Aggregate proceeds on sale of assets | 2020-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2020-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2020-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2020-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2020-06-30 | Disclaimer |
| Accountancy firm name | 2020-06-30 | SHROER AND ASSOCIATES |
| Accountancy firm EIN | 2020-06-30 | 421459710 |
| 2019 : INNOVATIVE INDUSTRIES, INC. 401(K) PLAN 2019 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2019-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2019-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2019-06-30 | $0 |
| Total transfer of assets to this plan | 2019-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-06-30 | $0 |
| Total income from all sources (including contributions) | 2019-06-30 | $162,636 |
| Total loss/gain on sale of assets | 2019-06-30 | $0 |
| Total of all expenses incurred | 2019-06-30 | $90,251 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-06-30 | $88,751 |
| Value of total corrective distributions | 2019-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-06-30 | $123,881 |
| Value of total assets at end of year | 2019-06-30 | $846,289 |
| Value of total assets at beginning of year | 2019-06-30 | $773,904 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-06-30 | $1,500 |
| Total income from rents | 2019-06-30 | $0 |
| Total interest from all sources | 2019-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-06-30 | $0 |
| Administrative expenses professional fees incurred | 2019-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2019-06-30 | Yes |
| Value of fidelity bond cover | 2019-06-30 | $50,000 |
| If this is an individual account plan, was there a blackout period | 2019-06-30 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2019-06-30 | $0 |
| Contributions received from participants | 2019-06-30 | $84,833 |
| Participant contributions at end of year | 2019-06-30 | $3,425 |
| Participant contributions at beginning of year | 2019-06-30 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2019-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-06-30 | $0 |
| Other income not declared elsewhere | 2019-06-30 | $0 |
| Administrative expenses (other) incurred | 2019-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2019-06-30 | $0 |
| Total non interest bearing cash at end of year | 2019-06-30 | $0 |
| Total non interest bearing cash at beginning of year | 2019-06-30 | $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 | 2019-06-30 | No |
| Value of net income/loss | 2019-06-30 | $72,385 |
| Value of net assets at end of year (total assets less liabilities) | 2019-06-30 | $846,289 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-06-30 | $773,904 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2019-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2019-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2019-06-30 | $0 |
| Investment advisory and management fees | 2019-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2019-06-30 | $841,304 |
| Value of interest in pooled separate accounts at beginning of year | 2019-06-30 | $773,904 |
| Income. Interest from loans (other than to participants) | 2019-06-30 | $0 |
| Interest earned on other investments | 2019-06-30 | $0 |
| Income. Interest from US Government securities | 2019-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2019-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-06-30 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-06-30 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2019-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2019-06-30 | $38,755 |
| Net investment gain or loss from common/collective trusts | 2019-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2019-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-06-30 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2019-06-30 | No |
| Contributions received in cash from employer | 2019-06-30 | $39,048 |
| Employer contributions (assets) at end of year | 2019-06-30 | $1,560 |
| Employer contributions (assets) at beginning of year | 2019-06-30 | $0 |
| Income. Dividends from preferred stock | 2019-06-30 | $0 |
| Income. Dividends from common stock | 2019-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-06-30 | $88,751 |
| Contract administrator fees | 2019-06-30 | $1,500 |
| Liabilities. Value of benefit claims payable at beginning of year | 2019-06-30 | $0 |
| Did the plan have assets held for investment | 2019-06-30 | 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 | 2019-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-06-30 | No |
| Aggregate proceeds on sale of assets | 2019-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2019-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2019-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-06-30 | Disclaimer |
| Accountancy firm name | 2019-06-30 | SHROER AND ASSOCIATES, P.C. |
| Accountancy firm EIN | 2019-06-30 | 421459710 |
| 2018 : INNOVATIVE INDUSTRIES, INC. 401(K) PLAN 2018 401k financial data |
|---|
| Unrealized appreciation/depreciation of real estate assets | 2018-06-30 | $0 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2018-06-30 | $0 |
| Total unrealized appreciation/depreciation of assets | 2018-06-30 | $0 |
| Total transfer of assets to this plan | 2018-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-06-30 | $0 |
| Total income from all sources (including contributions) | 2018-06-30 | $161,119 |
| Total loss/gain on sale of assets | 2018-06-30 | $0 |
| Total of all expenses incurred | 2018-06-30 | $51,375 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-06-30 | $51,374 |
| Value of total corrective distributions | 2018-06-30 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-06-30 | $105,085 |
| Value of total assets at end of year | 2018-06-30 | $773,904 |
| Value of total assets at beginning of year | 2018-06-30 | $664,160 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-06-30 | $1 |
| Total income from rents | 2018-06-30 | $0 |
| Total interest from all sources | 2018-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2018-06-30 | $0 |
| Administrative expenses professional fees incurred | 2018-06-30 | $0 |
| Was this plan covered by a fidelity bond | 2018-06-30 | Yes |
| Value of fidelity bond cover | 2018-06-30 | $50,000 |
| If this is an individual account plan, was there a blackout period | 2018-06-30 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-06-30 | No |
| Amount of non-exempt transactions with any party-in-interest | 2018-06-30 | $0 |
| Contributions received from participants | 2018-06-30 | $71,086 |
| Participant contributions at end of year | 2018-06-30 | $0 |
| Participant contributions at beginning of year | 2018-06-30 | $2,715 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-06-30 | $0 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2018-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2018-06-30 | $0 |
| Other income not declared elsewhere | 2018-06-30 | $4,299 |
| Administrative expenses (other) incurred | 2018-06-30 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2018-06-30 | $0 |
| Total non interest bearing cash at end of year | 2018-06-30 | $0 |
| Total non interest bearing cash at beginning of year | 2018-06-30 | $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 | 2018-06-30 | No |
| Value of net income/loss | 2018-06-30 | $109,744 |
| Value of net assets at end of year (total assets less liabilities) | 2018-06-30 | $773,904 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-06-30 | $664,160 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-06-30 | No |
| Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2018-06-30 | $0 |
| Were any leases to which the plan was party in default or uncollectible | 2018-06-30 | No |
| Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2018-06-30 | $0 |
| Investment advisory and management fees | 2018-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2018-06-30 | $773,904 |
| Value of interest in pooled separate accounts at beginning of year | 2018-06-30 | $660,093 |
| Income. Interest from loans (other than to participants) | 2018-06-30 | $0 |
| Interest earned on other investments | 2018-06-30 | $0 |
| Income. Interest from US Government securities | 2018-06-30 | $0 |
| Income. Interest from corporate debt instruments | 2018-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-06-30 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-06-30 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-06-30 | $0 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2018-06-30 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-06-30 | $0 |
| Net investment gain/loss from pooled separate accounts | 2018-06-30 | $51,735 |
| Net investment gain or loss from common/collective trusts | 2018-06-30 | $0 |
| Net gain/loss from 103.12 investment entities | 2018-06-30 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-06-30 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2018-06-30 | No |
| Contributions received in cash from employer | 2018-06-30 | $33,999 |
| Employer contributions (assets) at end of year | 2018-06-30 | $0 |
| Employer contributions (assets) at beginning of year | 2018-06-30 | $1,352 |
| Income. Dividends from preferred stock | 2018-06-30 | $0 |
| Income. Dividends from common stock | 2018-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-06-30 | $51,374 |
| Contract administrator fees | 2018-06-30 | $1 |
| Liabilities. Value of benefit claims payable at beginning of year | 2018-06-30 | $0 |
| Did the plan have assets held for investment | 2018-06-30 | 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 | 2018-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-06-30 | No |
| Aggregate proceeds on sale of assets | 2018-06-30 | $0 |
| Aggregate carrying amount (costs) on sale of assets | 2018-06-30 | $0 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2018-06-30 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-06-30 | Disclaimer |
| Accountancy firm name | 2018-06-30 | SCHROER AND ASSOCIATES, PC |
| Accountancy firm EIN | 2018-06-30 | 421459710 |
