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DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameDESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation

401k Sponsoring company profile

DESERT STRUCTURES, INC. has sponsored the creation of one or more 401k plans.

Company Name:DESERT STRUCTURES, INC.
Employer identification number (EIN):270549387
NAIC Classification:236110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01MARTIN D. FAUSS2024-10-09 MARTIN D. FAUSS2024-10-09
0022022-01-01MARTIN D. FAUSS2023-09-26 MARTIN D. FAUSS2023-09-26
0022021-01-01MARTIN D. FAUSS2022-10-13 MARTIN D. FAUSS2022-10-13

Plan Statistics for DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0122
Total number of active participants reported on line 7a of the Form 55002023-01-0122
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-011
Total of all active and inactive participants2023-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0123
Number of participants with account balances2023-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-011
2022: DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0117
Total number of active participants reported on line 7a of the Form 55002022-01-0117
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0117
Number of participants with account balances2022-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0115
Total number of active participants reported on line 7a of the Form 55002021-01-0115
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0115
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$1,225,565
Total plan liabilities at beginning of year2023-12-31$1,273,480
Total income from all sources2023-12-31$2,935,990
Expenses. Total of all expenses incurred2023-12-31$36,104
Total plan assets at end of year2023-12-31$4,852,071
Total plan assets at beginning of year2023-12-31$2,000,100
Value of fidelity bond covering the plan2023-12-31$500,000
Expenses. Other expenses not covered elsewhere2023-12-31$36,104
Other income received2023-12-31$2,935,990
Net income (gross income less expenses)2023-12-31$2,899,886
Net plan assets at end of year (total assets less liabilities)2023-12-31$3,626,506
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$726,620
Assets. Value of employer securities2023-12-31$4,851,971
2022 : DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$1,273,480
Total plan liabilities at beginning of year2022-12-31$1,320,000
Total income from all sources2022-12-31$764,020
Expenses. Total of all expenses incurred2022-12-31$37,500
Total plan assets at end of year2022-12-31$2,000,100
Total plan assets at beginning of year2022-12-31$1,320,100
Expenses. Other expenses not covered elsewhere2022-12-31$37,500
Other income received2022-12-31$764,020
Net income (gross income less expenses)2022-12-31$726,520
Net plan assets at end of year (total assets less liabilities)2022-12-31$726,620
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$100
Assets. Value of employer securities2022-12-31$2,000,000
2021 : DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$1,320,000
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$100
Total plan assets at end of year2021-12-31$1,320,100
Total plan assets at beginning of year2021-12-31$0
Other income received2021-12-31$100
Net income (gross income less expenses)2021-12-31$100
Net plan assets at end of year (total assets less liabilities)2021-12-31$100
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$0
Assets. Value of employer securities2021-12-31$1,320,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0

Form 5500 Responses for DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN

2023: DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: DESERT STRUCTURES EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01First time form 5500 has been submittedYes
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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