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INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 401k Plan overview

Plan NameINNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN
Plan identification number 001

INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME 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
  • 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.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

INNOVATIVE BUSINESS SOLUTIONS LLC has sponsored the creation of one or more 401k plans.

Company Name:INNOVATIVE BUSINESS SOLUTIONS LLC
Employer identification number (EIN):270039142
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01DONNA JACOB DONNA JACOB2016-09-21
0012015-01-01DONNA JACOB
0012014-01-01DONNA JACOB
0012013-01-01DONNA JACOB
0012012-01-01DONNA JACOB
0012011-01-01DONNA JACOB
0012009-01-01DONNA JACOB

Plan Statistics for INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN

401k plan membership statisitcs for INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN

Measure Date Value
2016: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-012
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-013
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-012
Total of all active and inactive participants2015-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-012
Number of participants with account balances2015-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-013
Total number of active participants reported on line 7a of the Form 55002014-01-012
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-011
Total of all active and inactive participants2014-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-013
Number of participants with account balances2014-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-013
Total number of active participants reported on line 7a of the Form 55002013-01-012
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-013
Number of participants with account balances2013-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-013
Total number of active participants reported on line 7a of the Form 55002012-01-012
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-013
Number of participants with account balances2012-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-013
Total number of active participants reported on line 7a of the Form 55002011-01-012
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-013
Number of participants with account balances2011-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-013
Total number of active participants reported on line 7a of the Form 55002009-01-012
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-013
Total participants2009-01-013
Number of participants with account balances2009-01-013

Financial Data on INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN

Measure Date Value
2016 : INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2016 401k financial data
Transfers to/from the plan2016-03-31$-2,256,864
Total plan liabilities at end of year2016-03-31$0
Total plan liabilities at beginning of year2016-03-31$0
Total income from all sources2016-03-31$3,707
Expenses. Total of all expenses incurred2016-03-31$0
Benefits paid (including direct rollovers)2016-03-31$0
Total plan assets at end of year2016-03-31$0
Total plan assets at beginning of year2016-03-31$2,253,157
Value of fidelity bond covering the plan2016-03-31$250,000
Total contributions received or receivable from participants2016-03-31$0
Expenses. Other expenses not covered elsewhere2016-03-31$0
Contributions received from other sources (not participants or employers)2016-03-31$0
Other income received2016-03-31$3,707
Noncash contributions received2016-03-31$0
Net income (gross income less expenses)2016-03-31$3,707
Net plan assets at end of year (total assets less liabilities)2016-03-31$0
Net plan assets at beginning of year (total assets less liabilities)2016-03-31$2,253,157
Total contributions received or receivable from employer(s)2016-03-31$0
Value of certain deemed distributions of participant loans2016-03-31$0
Value of corrective distributions2016-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-03-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-03-31$0
2015 : INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$-2,259
Expenses. Total of all expenses incurred2015-12-31$90,199
Benefits paid (including direct rollovers)2015-12-31$89,967
Total plan assets at end of year2015-12-31$2,253,157
Total plan assets at beginning of year2015-12-31$2,345,615
Value of fidelity bond covering the plan2015-12-31$250,000
Total contributions received or receivable from participants2015-12-31$16,000
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-18,259
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-92,458
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,253,157
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,345,615
Assets. Value of participant loans2015-12-31$33,063
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$232
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$189,799
Expenses. Total of all expenses incurred2014-12-31$538
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$2,345,615
Total plan assets at beginning of year2014-12-31$2,156,354
Value of fidelity bond covering the plan2014-12-31$250,000
Total contributions received or receivable from participants2014-12-31$46,000
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$137,319
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$189,261
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,345,615
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,156,354
Assets. Value of participant loans2014-12-31$46,224
Total contributions received or receivable from employer(s)2014-12-31$6,480
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$538
2013 : INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$114,370
Expenses. Total of all expenses incurred2013-12-31$157
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$2,156,354
Total plan assets at beginning of year2013-12-31$2,042,141
Value of fidelity bond covering the plan2013-12-31$250,000
Total contributions received or receivable from participants2013-12-31$46,000
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$61,890
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$114,213
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,156,354
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,042,141
Assets. Value of participant loans2013-12-31$16,798
Total contributions received or receivable from employer(s)2013-12-31$6,480
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$157
2012 : INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$140,257
Expenses. Total of all expenses incurred2012-12-31$59
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$2,042,141
Total plan assets at beginning of year2012-12-31$1,901,943
Value of fidelity bond covering the plan2012-12-31$250,000
Total contributions received or receivable from participants2012-12-31$45,000
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$88,777
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$140,198
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,042,141
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,901,943
Assets. Value of participant loans2012-12-31$26,233
Total contributions received or receivable from employer(s)2012-12-31$6,480
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$59
2011 : INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$15,548
Expenses. Total of all expenses incurred2011-12-31$461
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$1,901,943
Total plan assets at beginning of year2011-12-31$1,886,856
Value of fidelity bond covering the plan2011-12-31$250,000
Total contributions received or receivable from participants2011-12-31$44,000
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-34,932
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$15,087
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,901,943
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,886,856
Total contributions received or receivable from employer(s)2011-12-31$6,480
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$461
2010 : INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2010 401k financial data
Total income from all sources2010-12-31$185,381
Expenses. Total of all expenses incurred2010-12-31$6,578
Total plan assets at end of year2010-12-31$1,886,856
Total plan assets at beginning of year2010-12-31$1,708,053
Value of fidelity bond covering the plan2010-12-31$250,000
Total contributions received or receivable from participants2010-12-31$44,000
Expenses. Other expenses not covered elsewhere2010-12-31$6,578
Contributions received from other sources (not participants or employers)2010-12-31$42,226
Other income received2010-12-31$92,675
Net income (gross income less expenses)2010-12-31$178,803
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,886,856
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,708,053
Total contributions received or receivable from employer(s)2010-12-31$6,480

Form 5500 Responses for INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN

2016: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: INNOVATIVE BUSINESS SOLUTIONS, LLC RETIREMENT INCOME PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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