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NEWS-2-YOU, INC. 401(K) PLAN 401k Plan overview

Plan NameNEWS-2-YOU, INC. 401(K) PLAN
Plan identification number 001

NEWS-2-YOU, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Offset plan - Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
  • 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.
  • 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.

401k Sponsoring company profile

NEWS-2-YOU, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEWS-2-YOU, INC.
Employer identification number (EIN):341966759
NAIC Classification:519100

Additional information about NEWS-2-YOU, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 2001-09-24
Company Identification Number: 1254382
Legal Registered Office Address: 35765 CHESTER ROAD
-
AVON
United States of America (USA)
44011

More information about NEWS-2-YOU, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEWS-2-YOU, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01MS. CHRISTIN A. WOSTMANN2021-10-14
0012019-01-01
0012018-01-01MS. MARY PAT GRESPIN2019-09-18
0012017-01-01MS. MARY PAT GRESPIN2018-10-10
0012016-01-01MS. MARY PAT GRESPIN2017-10-06
0012015-01-01MS. MARY PAT GRESPIN2016-10-07
0012014-01-01MUST MATCH DOL CREDENTIALS2015-10-08
0012013-01-01MARY PAT GRESPIN2014-10-09
0012012-07-01MARY PAT GRESPIN2013-07-18
0012011-07-01MARY PAT GRESPIN2013-01-30
0012010-07-01JACQUELYN CLARK
0012009-07-01MARY PAT GRESPIN

Plan Statistics for NEWS-2-YOU, INC. 401(K) PLAN

401k plan membership statisitcs for NEWS-2-YOU, INC. 401(K) PLAN

Measure Date Value
2022: NEWS-2-YOU, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01227
Total number of active participants reported on line 7a of the Form 55002022-01-01232
Number of retired or separated participants receiving benefits2022-01-017
Number of other retired or separated participants entitled to future benefits2022-01-0157
Total of all active and inactive participants2022-01-01296
Total participants2022-01-01296
Number of participants with account balances2022-01-01294
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0115
2021: NEWS-2-YOU, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01182
Total number of active participants reported on line 7a of the Form 55002021-01-01170
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0124
Total of all active and inactive participants2021-01-01194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01194
Number of participants with account balances2021-01-01186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0117
2020: NEWS-2-YOU, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01152
Total number of active participants reported on line 7a of the Form 55002020-01-01144
Number of retired or separated participants receiving benefits2020-01-014
Number of other retired or separated participants entitled to future benefits2020-01-0134
Total of all active and inactive participants2020-01-01182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01182
Number of participants with account balances2020-01-01182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0110
2010: NEWS-2-YOU, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-07-0114
Total number of active participants reported on line 7a of the Form 55002010-07-0117
Number of retired or separated participants receiving benefits2010-07-010
Number of other retired or separated participants entitled to future benefits2010-07-012
Total of all active and inactive participants2010-07-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-07-010
Total participants2010-07-0119
Number of participants with account balances2010-07-0118
2009: NEWS-2-YOU, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-07-0116
Total number of active participants reported on line 7a of the Form 55002009-07-0113
Number of retired or separated participants receiving benefits2009-07-010
Number of other retired or separated participants entitled to future benefits2009-07-011
Total of all active and inactive participants2009-07-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-07-010
Total participants2009-07-0114
Number of participants with account balances2009-07-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-011

Financial Data on NEWS-2-YOU, INC. 401(K) PLAN

Measure Date Value
2022 : NEWS-2-YOU, INC. 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$470,443
Total of all expenses incurred2022-12-31$368,334
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$359,577
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,055,373
Value of total assets at end of year2022-12-31$9,448,669
Value of total assets at beginning of year2022-12-31$9,346,560
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$8,757
Total interest from all sources2022-12-31$3,676
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$47,197
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$47,197
Administrative expenses professional fees incurred2022-12-31$8,757
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$1,213,107
Participant contributions at end of year2022-12-31$101,554
Participant contributions at beginning of year2022-12-31$73,946
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$49,119
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$102,109
Value of net assets at end of year (total assets less liabilities)2022-12-31$9,448,669
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$9,346,560
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$1,856,751
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$1,989,145
Interest on participant loans2022-12-31$3,676
Value of interest in common/collective trusts at end of year2022-12-31$7,278,150
Value of interest in common/collective trusts at beginning of year2022-12-31$6,952,993
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-533,971
Net investment gain or loss from common/collective trusts2022-12-31$-1,101,832
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$793,147
Employer contributions (assets) at end of year2022-12-31$212,214
Employer contributions (assets) at beginning of year2022-12-31$330,476
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$359,577
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
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BDO USA, P.C
Accountancy firm EIN2022-12-31135381590
2021 : NEWS-2-YOU, INC. 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$3,350,176
Total of all expenses incurred2021-12-31$2,283,183
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,274,997
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,844,044
Value of total assets at end of year2021-12-31$9,346,560
Value of total assets at beginning of year2021-12-31$8,279,567
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$8,186
Total interest from all sources2021-12-31$2,688
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$224,342
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$224,342
Administrative expenses professional fees incurred2021-12-31$8,186
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$979,302
Participant contributions at end of year2021-12-31$73,946
Participant contributions at beginning of year2021-12-31$31,844
Participant contributions at beginning of year2021-12-31$400
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$80,652
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,066,993
Value of net assets at end of year (total assets less liabilities)2021-12-31$9,346,560
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$8,279,567
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$1,989,145
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,856,338
Interest on participant loans2021-12-31$2,688
Value of interest in common/collective trusts at end of year2021-12-31$6,952,993
Value of interest in common/collective trusts at beginning of year2021-12-31$5,094,130
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$300,451
Net investment gain or loss from common/collective trusts2021-12-31$978,651
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$784,090
Employer contributions (assets) at end of year2021-12-31$330,476
Employer contributions (assets) at beginning of year2021-12-31$296,855
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,274,997
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BDO USA, LLP
Accountancy firm EIN2021-12-31135381590
2020 : NEWS-2-YOU, INC. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total transfer of assets from this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Expenses. Interest paid2020-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022020-12-31$0
Total income from all sources (including contributions)2020-12-31$2,468,539
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$80,034
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$77,606
Expenses. Certain deemed distributions of participant loans2020-12-31$1,028
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,494,236
Value of total assets at end of year2020-12-31$8,279,567
Value of total assets at beginning of year2020-12-31$5,891,062
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$1,400
Total interest from all sources2020-12-31$1,777
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$87,247
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$87,247
Administrative expenses professional fees incurred2020-12-31$1,400
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$776,915
Participant contributions at end of year2020-12-31$31,844
Participant contributions at beginning of year2020-12-31$33,793
Participant contributions at end of year2020-12-31$400
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$10,238
Other income not declared elsewhere2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$2,388,505
Value of net assets at end of year (total assets less liabilities)2020-12-31$8,279,567
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,891,062
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$2,856,338
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$5,660,594
Interest on participant loans2020-12-31$1,777
Value of interest in common/collective trusts at end of year2020-12-31$5,094,130
Value of interest in common/collective trusts at beginning of year2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$34,938
Net investment gain/loss from pooled separate accounts2020-12-31$0
Net investment gain or loss from common/collective trusts2020-12-31$850,341
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$707,083
Employer contributions (assets) at end of year2020-12-31$296,855
Employer contributions (assets) at beginning of year2020-12-31$196,675
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$77,606
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BDO USA, LLP
Accountancy firm EIN2020-12-31135381590
2011 : NEWS-2-YOU, INC. 401(K) PLAN 2011 401k financial data
Total income from all sources2011-06-30$244,136
Expenses. Total of all expenses incurred2011-06-30$3,651
Benefits paid (including direct rollovers)2011-06-30$1,470
Total plan assets at end of year2011-06-30$450,905
Total plan assets at beginning of year2011-06-30$210,420
Total contributions received or receivable from participants2011-06-30$106,444
Other income received2011-06-30$47,687
Net income (gross income less expenses)2011-06-30$240,485
Net plan assets at end of year (total assets less liabilities)2011-06-30$450,905
Net plan assets at beginning of year (total assets less liabilities)2011-06-30$210,420
Total contributions received or receivable from employer(s)2011-06-30$90,005
Expenses. Administrative service providers (salaries,fees and commissions)2011-06-30$2,181
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-06-30$0

Form 5500 Responses for NEWS-2-YOU, INC. 401(K) PLAN

2022: NEWS-2-YOU, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – InsuranceYes
2021: NEWS-2-YOU, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan benefit arrangement – InsuranceYes
2020: NEWS-2-YOU, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan benefit arrangement – InsuranceYes
2010: NEWS-2-YOU, INC. 401(K) PLAN 2010 form 5500 responses
2010-07-01Type of plan entitySingle employer plan
2010-07-01Submission has been amendedNo
2010-07-01This submission is the final filingNo
2010-07-01This return/report is a short plan year return/report (less than 12 months)No
2010-07-01Plan is a collectively bargained planNo
2010-07-01Plan funding arrangement – TrustYes
2010-07-01Plan benefit arrangement - TrustYes
2009: NEWS-2-YOU, INC. 401(K) PLAN 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01First time form 5500 has been submittedYes
2009-07-01Submission has been amendedNo
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)No
2009-07-01Plan is a collectively bargained planNo
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement - TrustYes

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