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ONLIFE HOLDINGS, INC. RETIREMENT PLAN 401k Plan overview

Plan NameONLIFE HOLDINGS, INC. RETIREMENT PLAN
Plan identification number 001

ONLIFE HOLDINGS, INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • 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.
  • 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

ONLIFE HOLDINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name:ONLIFE HOLDINGS, INC.
Employer identification number (EIN):274582239
NAIC Classification:561300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ONLIFE HOLDINGS, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-12-15
0012022-12-15VU TRAN

Financial Data on ONLIFE HOLDINGS, INC. RETIREMENT PLAN

Measure Date Value
2022 : ONLIFE HOLDINGS, INC. RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$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$0
Total income from all sources (including contributions)2022-12-31$1,877,824
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,876,847
Value of total assets at end of year2022-12-31$1,877,824
Value of total assets at beginning of year2022-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$0
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$114,172
Participant contributions at end of year2022-12-31$58,291
Participant contributions at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$1,719,312
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$1,877,824
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,877,824
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$10,976
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$0
Value of interest in pooled separate accounts at end of year2022-12-31$2,516
Value of interest in pooled separate accounts at beginning of year2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$1,783,876
Value of interest in common/collective trusts at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$273
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-94
Net investment gain/loss from pooled separate accounts2022-12-31$-29
Net investment gain or loss from common/collective trusts2022-12-31$1,100
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$43,363
Employer contributions (assets) at end of year2022-12-31$21,892
Employer contributions (assets) at beginning of year2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Total unrealized appreciation/depreciation of assets2022-12-15$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-15$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-15$0
Total income from all sources (including contributions)2022-12-15$1,877,824
Total loss/gain on sale of assets2022-12-15$0
Total of all expenses incurred2022-12-15$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-15$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-15$1,876,847
Value of total assets at end of year2022-12-15$1,877,824
Value of total assets at beginning of year2022-12-15$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-15$0
Total interest from all sources2022-12-15$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-15$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-15No
Was this plan covered by a fidelity bond2022-12-15Yes
Value of fidelity bond cover2022-12-15$500,000
If this is an individual account plan, was there a blackout period2022-12-15No
Were there any nonexempt tranactions with any party-in-interest2022-12-15No
Contributions received from participants2022-12-15$114,172
Participant contributions at end of year2022-12-15$58,291
Participant contributions at beginning of year2022-12-15$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-15$1,719,312
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-15No
Value of net income/loss2022-12-15$1,877,824
Value of net assets at end of year (total assets less liabilities)2022-12-15$1,877,824
Value of net assets at beginning of year (total assets less liabilities)2022-12-15$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-15No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-15No
Were any leases to which the plan was party in default or uncollectible2022-12-15No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-15$10,976
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-15$0
Value of interest in pooled separate accounts at end of year2022-12-15$2,516
Value of interest in pooled separate accounts at beginning of year2022-12-15$0
Value of interest in common/collective trusts at end of year2022-12-15$1,783,876
Value of interest in common/collective trusts at beginning of year2022-12-15$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-15$273
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-15$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-15$-94
Net investment gain/loss from pooled separate accounts2022-12-15$-29
Net investment gain or loss from common/collective trusts2022-12-15$1,100
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-15No
Was there a failure to transmit to the plan any participant contributions2022-12-15No
Has the plan failed to provide any benefit when due under the plan2022-12-15No
Contributions received in cash from employer2022-12-15$43,363
Employer contributions (assets) at end of year2022-12-15$21,892
Employer contributions (assets) at beginning of year2022-12-15$0
Did the plan have assets held for investment2022-12-15Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-15No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-15No

Form 5500 Responses for ONLIFE HOLDINGS, INC. RETIREMENT PLAN

2022: ONLIFE HOLDINGS, INC. RETIREMENT PLAN 2022 form 5500 responses
2022-12-15Type of plan entitySingle employer plan
2022-12-15First time form 5500 has been submittedYes
2022-12-15Submission has been amendedNo
2022-12-15This submission is the final filingNo
2022-12-15This return/report is a short plan year return/report (less than 12 months)Yes
2022-12-15Plan is a collectively bargained planNo
2022-12-15Plan funding arrangement – InsuranceYes
2022-12-15Plan funding arrangement – TrustYes
2022-12-15Plan benefit arrangement – InsuranceYes
2022-12-15Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number824103
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 2

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