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TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN 401k Plan overview

Plan NameTRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN
Plan identification number 001

TRANSWORLD NETWORK CORP. 401K 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TRANSWORLD NETWORK CORP. has sponsored the creation of one or more 401k plans.

Company Name:TRANSWORLD NETWORK CORP.
Employer identification number (EIN):411633893
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DONNA MILLER2024-07-10
0012022-01-01
0012022-01-01DONNA MILLER
0012021-01-01
0012021-01-01DONNA MILLER
0012020-01-01DONNA MILLER2021-10-06
0012019-01-01JOHN RAKOCZY2020-07-01
0012018-01-01JOHN RAKOCZY2019-05-28
0012017-01-01JOHN RAKOCZY2018-04-25
0012016-01-01JOHN RAKOCZY2017-06-23
0012015-01-01JOHN RAKOCZY2016-07-14
0012014-01-01JOHN RAKOCZY2015-06-30
0012013-01-01JOHN RAKOCZY2014-07-02
0012012-01-01JOHN RAKOCZY2013-07-09
0012011-01-01JOHN RAKOCZY2012-07-11
0012010-01-01JOHN RAKOCZY2011-06-23

Plan Statistics for TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN

401k plan membership statisitcs for TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN

Measure Date Value
2025: TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN 2025 401k membership
Total number of particpants at beginning of year2025-08-14174
Total number of particpants at end of year2025-08-14179
Number of Participants With Account Balances2025-08-1461
Total number of particpants at beginning of year2025-06-02189
Total number of particpants at end of year2025-06-02171
Number of Participants With Account Balances2025-06-0253
2022: TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01171
Total number of active participants reported on line 7a of the Form 55002022-01-01176
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0110
Total of all active and inactive participants2022-01-01186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01186
Number of participants with account balances2022-01-0154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01140
Total number of active participants reported on line 7a of the Form 55002021-01-01161
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-018
Total of all active and inactive participants2021-01-01169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01169
Number of participants with account balances2021-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN

Measure Date Value
2025 : TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-08-140
Total liabilities as of the beginning of the plan year2025-08-140
Total expenses incurred by plan in this plan year2025-08-14195959
Net assets as of the end of the plan year2025-08-143045640
Total assets as of the beginning of the plan year2025-08-142725959
Value of plan covered by a fidelity bond2025-08-14500000
Participant contributions to plan in this plan year2025-08-14180424
Value of participant loans at end of plan year2025-08-1462403
Other income to plan in this plan year2025-08-14335216
Plan net income in this plan year2025-08-14319681
Net assets as of the end of the plan year2025-08-143045640
Net assets as of the beginning of the plan year2025-08-142725959
Value of contributions failed to transmitted timely2025-08-1499645
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-142573
Total liabilities as of the end of the plan year2025-06-020
Total liabilities as of the beginning of the plan year2025-06-020
Total expenses incurred by plan in this plan year2025-06-02213397
Net assets as of the end of the plan year2025-06-022725959
Total assets as of the beginning of the plan year2025-06-022164916
Value of plan covered by a fidelity bond2025-06-02500000
Participant contributions to plan in this plan year2025-06-02145444
Value of participant loans at end of plan year2025-06-0229793
Other contributions to plan in this plan year2025-06-02227286
Other income to plan in this plan year2025-06-02401710
Plan net income in this plan year2025-06-02561043
Net assets as of the end of the plan year2025-06-022725959
Net assets as of the beginning of the plan year2025-06-022164916
Value of contributions failed to transmitted timely2025-06-0299645
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-021105
2022 : TRANSWORLD NETWORK CORP. 401K 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$0
Total income from all sources (including contributions)2022-12-31$-339,365
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$5,748
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$5,258
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$150,595
Value of total assets at end of year2022-12-31$2,164,916
Value of total assets at beginning of year2022-12-31$2,510,029
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$490
Total interest from all sources2022-12-31$2,578
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$136,358
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$136,358
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$145,238
Participant contributions at end of year2022-12-31$37,676
Participant contributions at beginning of year2022-12-31$55,810
Participant contributions at end of year2022-12-31$2,111
Participant contributions at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$5,357
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-345,113
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,164,916
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,510,029
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$2,125,129
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$2,442,158
Interest on participant loans2022-12-31$2,578
Value of interest in common/collective trusts at end of year2022-12-31$0
Value of interest in common/collective trusts at beginning of year2022-12-31$12,061
Net investment gain/loss from pooled separate accounts2022-12-31$-628,896
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 contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$5,258
Contract administrator fees2022-12-31$490
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 name2022-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2022-12-31431947695
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-339,365
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$5,748
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$5,258
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$150,595
Value of total assets at end of year2022-01-01$2,164,916
Value of total assets at beginning of year2022-01-01$2,510,029
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$490
Total interest from all sources2022-01-01$2,578
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$136,358
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$136,358
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$500,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$145,238
Participant contributions at end of year2022-01-01$37,676
Participant contributions at beginning of year2022-01-01$55,810
Participant contributions at end of year2022-01-01$2,111
Participant contributions at beginning of year2022-01-01$0
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$5,357
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-345,113
Value of net assets at end of year (total assets less liabilities)2022-01-01$2,164,916
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$2,510,029
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$2,125,129
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$2,442,158
Interest on participant loans2022-01-01$2,578
Value of interest in common/collective trusts at end of year2022-01-01$0
Value of interest in common/collective trusts at beginning of year2022-01-01$12,061
Net investment gain/loss from pooled separate accounts2022-01-01$-628,896
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$5,258
Contract administrator fees2022-01-01$490
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2022-01-01431947695
2021 : TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$432,493
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$3,966
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,099
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$139,368
Value of total assets at end of year2021-12-31$2,510,029
Value of total assets at beginning of year2021-12-31$2,081,502
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$867
Total interest from all sources2021-12-31$3,810
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$221,845
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$221,845
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
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$98,585
Participant contributions at end of year2021-12-31$55,810
Participant contributions at beginning of year2021-12-31$65,000
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$2,893
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$40,783
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$428,527
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,510,029
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,081,502
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$2,442,158
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,003,767
Interest on participant loans2021-12-31$3,810
Value of interest in common/collective trusts at end of year2021-12-31$12,061
Value of interest in common/collective trusts at beginning of year2021-12-31$9,842
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$64,849
Net investment gain or loss from common/collective trusts2021-12-31$2,621
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,099
Contract administrator fees2021-12-31$867
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 name2021-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2021-12-31431947695

Form 5500 Responses for TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN

2022: TRANSWORLD NETWORK CORP. 401K RETIREMENT 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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TRANSWORLD NETWORK CORP. 401K RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract number711796
Policy instance 1
TALCOTT RESOLUTION LIFE INSURANCE CO (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract number749801-01
Policy instance 2
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract number711796
Policy instance 1

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