401k Plan data: WEGO INC. 401(K) PLAN plan

WEGO INC. 401(K) PLAN 401k Plan overview

Plan Name	WEGO INC. 401(K) PLAN
Plan identification number	001

WEGO INC. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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

WEGO INC. has sponsored the creation of one or more 401k plans.

Company Name: WEGO INC.

Employer identification number (EIN): 464939323

NAIC Classification: 722511
NAIC Description: Full-Service Restaurants

Additional information about WEGO INC.

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 2014-02-25

Company Identification Number: 0774926

Legal Registered Office Address: 1908 LANDSTOWN CENTRE WAY SUITE 150

VIRGINIA BEACH
United States of America (USA)
23456

More information about WEGO INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEGO INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2018-10-01
001 2017-10-01
001 2016-10-01 DAVID WORTHLEY DAVID WORTHLEY 2018-07-13
001 2016-10-01 DAVID WORTHLEY 2019-07-09
001 2015-10-01 DAVID WORTHLEY DAVID WORTHLEY 2017-07-17
001 2014-10-01 DAVID WORTHLEY DAVID WORTHLEY 2016-06-29
001 2014-02-26 DAVID WORTHLEY DAVID WORTHLEY 2015-02-26

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2018-10-01
001	2017-10-01
001	2016-10-01	DAVID WORTHLEY	DAVID WORTHLEY	2018-07-13
001	2016-10-01		DAVID WORTHLEY	2019-07-09
001	2015-10-01	DAVID WORTHLEY	DAVID WORTHLEY	2017-07-17
001	2014-10-01	DAVID WORTHLEY	DAVID WORTHLEY	2016-06-29
001	2014-02-26	DAVID WORTHLEY	DAVID WORTHLEY	2015-02-26

Plan Statistics for WEGO INC. 401(K) PLAN

401k plan membership statisitcs for WEGO INC. 401(K) PLAN

Measure Date Value
2018: WEGO INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-10-01 10
Total number of active participants reported on line 7a of the Form 5500 2018-10-01 19
Number of retired or separated participants receiving benefits 2018-10-01 0
Number of other retired or separated participants entitled to future benefits 2018-10-01 0
Total of all active and inactive participants 2018-10-01 19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-10-01 0
Total participants 2018-10-01 19
Number of participants with account balances 2018-10-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-10-01 0
2017: WEGO INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-10-01 10
Total number of active participants reported on line 7a of the Form 5500 2017-10-01 14
Number of retired or separated participants receiving benefits 2017-10-01 0
Number of other retired or separated participants entitled to future benefits 2017-10-01 0
Total of all active and inactive participants 2017-10-01 14
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-10-01 0
Total participants 2017-10-01 14
Number of participants with account balances 2017-10-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-10-01 0
2016: WEGO INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-10-01 3
Total number of active participants reported on line 7a of the Form 5500 2016-10-01 10
Number of retired or separated participants receiving benefits 2016-10-01 0
Number of other retired or separated participants entitled to future benefits 2016-10-01 0
Total of all active and inactive participants 2016-10-01 10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-10-01 0
Total participants 2016-10-01 10
Number of participants with account balances 2016-10-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-10-01 0
2015: WEGO INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-10-01 2
Total number of active participants reported on line 7a of the Form 5500 2015-10-01 3
Number of retired or separated participants receiving benefits 2015-10-01 0
Number of other retired or separated participants entitled to future benefits 2015-10-01 0
Total of all active and inactive participants 2015-10-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-10-01 0
Total participants 2015-10-01 3
Number of participants with account balances 2015-10-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-10-01 0
2014: WEGO INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-10-01 2
Total number of active participants reported on line 7a of the Form 5500 2014-10-01 2
Number of retired or separated participants receiving benefits 2014-10-01 0
Number of other retired or separated participants entitled to future benefits 2014-10-01 0
Total of all active and inactive participants 2014-10-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-10-01 0
Total participants 2014-10-01 2
Number of participants with account balances 2014-10-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-10-01 0
Total participants, beginning-of-year 2014-02-26 0
Total number of active participants reported on line 7a of the Form 5500 2014-02-26 2
Number of retired or separated participants receiving benefits 2014-02-26 0
Number of other retired or separated participants entitled to future benefits 2014-02-26 0
Total of all active and inactive participants 2014-02-26 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-02-26 0
Total participants 2014-02-26 2
Number of participants with account balances 2014-02-26 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-02-26 0

Measure	Date	Value
2018: WEGO INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-10-01	10
Total number of active participants reported on line 7a of the Form 5500	2018-10-01	19
Number of retired or separated participants receiving benefits	2018-10-01	0
Number of other retired or separated participants entitled to future benefits	2018-10-01	0
Total of all active and inactive participants	2018-10-01	19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-10-01	0
Total participants	2018-10-01	19
Number of participants with account balances	2018-10-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-10-01	0
2017: WEGO INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-10-01	10
Total number of active participants reported on line 7a of the Form 5500	2017-10-01	14
Number of retired or separated participants receiving benefits	2017-10-01	0
Number of other retired or separated participants entitled to future benefits	2017-10-01	0
Total of all active and inactive participants	2017-10-01	14
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-10-01	0
Total participants	2017-10-01	14
Number of participants with account balances	2017-10-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-10-01	0
2016: WEGO INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-10-01	3
Total number of active participants reported on line 7a of the Form 5500	2016-10-01	10
Number of retired or separated participants receiving benefits	2016-10-01	0
Number of other retired or separated participants entitled to future benefits	2016-10-01	0
Total of all active and inactive participants	2016-10-01	10
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-10-01	0
Total participants	2016-10-01	10
Number of participants with account balances	2016-10-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-10-01	0
2015: WEGO INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-10-01	2
Total number of active participants reported on line 7a of the Form 5500	2015-10-01	3
Number of retired or separated participants receiving benefits	2015-10-01	0
Number of other retired or separated participants entitled to future benefits	2015-10-01	0
Total of all active and inactive participants	2015-10-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-10-01	0
Total participants	2015-10-01	3
Number of participants with account balances	2015-10-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-10-01	0
2014: WEGO INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-10-01	2
Total number of active participants reported on line 7a of the Form 5500	2014-10-01	2
Number of retired or separated participants receiving benefits	2014-10-01	0
Number of other retired or separated participants entitled to future benefits	2014-10-01	0
Total of all active and inactive participants	2014-10-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-10-01	0
Total participants	2014-10-01	2
Number of participants with account balances	2014-10-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-10-01	0
Total participants, beginning-of-year	2014-02-26	0
Total number of active participants reported on line 7a of the Form 5500	2014-02-26	2
Number of retired or separated participants receiving benefits	2014-02-26	0
Number of other retired or separated participants entitled to future benefits	2014-02-26	0
Total of all active and inactive participants	2014-02-26	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-02-26	0
Total participants	2014-02-26	2
Number of participants with account balances	2014-02-26	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-02-26	0

Financial Data on WEGO INC. 401(K) PLAN

Measure	Date	Value
2019 : WEGO INC. 401(K) PLAN 2019 401k financial data
Transfers to/from the plan	2019-09-30	$0
Total plan liabilities at end of year	2019-09-30	$0
Total plan liabilities at beginning of year	2019-09-30	$0
Total income from all sources	2019-09-30	$-30,095
Expenses. Total of all expenses incurred	2019-09-30	$9,425
Benefits paid (including direct rollovers)	2019-09-30	$9,425
Total plan assets at end of year	2019-09-30	$42,767
Total plan assets at beginning of year	2019-09-30	$82,287
Assets. Value of tangible personal property	2019-09-30	$0
Total contributions received or receivable from participants	2019-09-30	$0
Assets. Value of loans (other than to participants)	2019-09-30	$0
Expenses. Other expenses not covered elsewhere	2019-09-30	$0
Contributions received from other sources (not participants or employers)	2019-09-30	$0
Other income received	2019-09-30	$-30,095
Noncash contributions received	2019-09-30	$0
Net income (gross income less expenses)	2019-09-30	$-39,520
Net plan assets at end of year (total assets less liabilities)	2019-09-30	$42,767
Net plan assets at beginning of year (total assets less liabilities)	2019-09-30	$82,287
Assets. Value of participant loans	2019-09-30	$0
Assets. Value of assets in partnership/joint-venture interests	2019-09-30	$0
Assets. Value of real-estate (other than employer real property)	2019-09-30	$0
Assets. Value of employer securities	2019-09-30	$42,767
Assets. Value of employer real property	2019-09-30	$0
Total contributions received or receivable from employer(s)	2019-09-30	$0
Value of certain deemed distributions of participant loans	2019-09-30	$0
Value of corrective distributions	2019-09-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-09-30	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-09-30	$0
2017 : WEGO INC. 401(K) PLAN 2017 401k financial data
Transfers to/from the plan	2017-09-30	$0
Total plan liabilities at end of year	2017-09-30	$0
Total plan liabilities at beginning of year	2017-09-30	$0
Total income from all sources	2017-09-30	$-37,399
Expenses. Total of all expenses incurred	2017-09-30	$0
Benefits paid (including direct rollovers)	2017-09-30	$0
Total plan assets at end of year	2017-09-30	$115,155
Total plan assets at beginning of year	2017-09-30	$152,554
Total contributions received or receivable from participants	2017-09-30	$0
Expenses. Other expenses not covered elsewhere	2017-09-30	$0
Contributions received from other sources (not participants or employers)	2017-09-30	$0
Other income received	2017-09-30	$-37,399
Noncash contributions received	2017-09-30	$0
Net income (gross income less expenses)	2017-09-30	$-37,399
Net plan assets at end of year (total assets less liabilities)	2017-09-30	$115,155
Net plan assets at beginning of year (total assets less liabilities)	2017-09-30	$152,554
Assets. Value of employer securities	2017-09-30	$115,155
Total contributions received or receivable from employer(s)	2017-09-30	$0
Value of certain deemed distributions of participant loans	2017-09-30	$0
Value of corrective distributions	2017-09-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-09-30	$0
2016 : WEGO INC. 401(K) PLAN 2016 401k financial data
Transfers to/from the plan	2016-09-30	$0
Total plan liabilities at end of year	2016-09-30	$0
Total plan liabilities at beginning of year	2016-09-30	$0
Total income from all sources	2016-09-30	$-64,378
Expenses. Total of all expenses incurred	2016-09-30	$0
Benefits paid (including direct rollovers)	2016-09-30	$0
Total plan assets at end of year	2016-09-30	$152,554
Total plan assets at beginning of year	2016-09-30	$216,932
Total contributions received or receivable from participants	2016-09-30	$0
Expenses. Other expenses not covered elsewhere	2016-09-30	$0
Contributions received from other sources (not participants or employers)	2016-09-30	$0
Other income received	2016-09-30	$-64,378
Noncash contributions received	2016-09-30	$0
Net income (gross income less expenses)	2016-09-30	$-64,378
Net plan assets at end of year (total assets less liabilities)	2016-09-30	$152,554
Net plan assets at beginning of year (total assets less liabilities)	2016-09-30	$216,932
Assets. Value of employer securities	2016-09-30	$152,554
Total contributions received or receivable from employer(s)	2016-09-30	$0
Value of certain deemed distributions of participant loans	2016-09-30	$0
Value of corrective distributions	2016-09-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-09-30	$0
2015 : WEGO INC. 401(K) PLAN 2015 401k financial data
Transfers to/from the plan	2015-09-30	$0
Total plan liabilities at end of year	2015-09-30	$0
Total plan liabilities at beginning of year	2015-09-30	$0
Total income from all sources	2015-09-30	$-49,105
Expenses. Total of all expenses incurred	2015-09-30	$0
Benefits paid (including direct rollovers)	2015-09-30	$0
Total plan assets at end of year	2015-09-30	$216,932
Total plan assets at beginning of year	2015-09-30	$266,037
Total contributions received or receivable from participants	2015-09-30	$0
Expenses. Other expenses not covered elsewhere	2015-09-30	$0
Contributions received from other sources (not participants or employers)	2015-09-30	$94,354
Other income received	2015-09-30	$-143,459
Noncash contributions received	2015-09-30	$0
Net income (gross income less expenses)	2015-09-30	$-49,105
Net plan assets at end of year (total assets less liabilities)	2015-09-30	$216,932
Net plan assets at beginning of year (total assets less liabilities)	2015-09-30	$266,037
Assets. Value of employer securities	2015-09-30	$216,932
Total contributions received or receivable from employer(s)	2015-09-30	$0
Value of certain deemed distributions of participant loans	2015-09-30	$0
Value of corrective distributions	2015-09-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-09-30	$0
2014 : WEGO INC. 401(K) PLAN 2014 401k financial data
Transfers to/from the plan	2014-09-30	$0
Total plan liabilities at end of year	2014-09-30	$0
Total plan liabilities at beginning of year	2014-09-30	$0
Total income from all sources	2014-09-30	$266,037
Expenses. Total of all expenses incurred	2014-09-30	$0
Benefits paid (including direct rollovers)	2014-09-30	$0
Total plan assets at end of year	2014-09-30	$266,037
Total plan assets at beginning of year	2014-09-30	$0
Total contributions received or receivable from participants	2014-09-30	$0
Expenses. Other expenses not covered elsewhere	2014-09-30	$0
Contributions received from other sources (not participants or employers)	2014-09-30	$266,032
Other income received	2014-09-30	$5
Noncash contributions received	2014-09-30	$0
Net income (gross income less expenses)	2014-09-30	$266,037
Net plan assets at end of year (total assets less liabilities)	2014-09-30	$266,037
Net plan assets at beginning of year (total assets less liabilities)	2014-09-30	$0
Assets. Value of employer securities	2014-09-30	$266,037
Total contributions received or receivable from employer(s)	2014-09-30	$0
Value of certain deemed distributions of participant loans	2014-09-30	$0
Value of corrective distributions	2014-09-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-09-30	$0

Form 5500 Responses for WEGO INC. 401(K) PLAN

2018: WEGO INC. 401(K) PLAN 2018 form 5500 responses
2018-10-01	Type of plan entity	Single employer plan
2018-10-01	Submission has been amended	No
2018-10-01	This submission is the final filing	No
2018-10-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-10-01	Plan is a collectively bargained plan	No
2018-10-01	Plan funding arrangement – Trust	Yes
2018-10-01	Plan benefit arrangement - Trust	Yes
2017: WEGO INC. 401(K) PLAN 2017 form 5500 responses
2017-10-01	Type of plan entity	Single employer plan
2017-10-01	Submission has been amended	No
2017-10-01	This submission is the final filing	No
2017-10-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-10-01	Plan is a collectively bargained plan	No
2017-10-01	Plan funding arrangement – Trust	Yes
2017-10-01	Plan benefit arrangement - Trust	Yes
2016: WEGO INC. 401(K) PLAN 2016 form 5500 responses
2016-10-01	Type of plan entity	Single employer plan
2016-10-01	Submission has been amended	No
2016-10-01	This submission is the final filing	No
2016-10-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-10-01	Plan is a collectively bargained plan	No
2016-10-01	Plan funding arrangement – Trust	Yes
2016-10-01	Plan benefit arrangement - Trust	Yes
2015: WEGO INC. 401(K) PLAN 2015 form 5500 responses
2015-10-01	Type of plan entity	Single employer plan
2015-10-01	Submission has been amended	No
2015-10-01	This submission is the final filing	No
2015-10-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-10-01	Plan is a collectively bargained plan	No
2015-10-01	Plan funding arrangement – Trust	Yes
2015-10-01	Plan benefit arrangement - Trust	Yes
2014: WEGO INC. 401(K) PLAN 2014 form 5500 responses
2014-10-01	Type of plan entity	Single employer plan
2014-10-01	Submission has been amended	No
2014-10-01	This submission is the final filing	No
2014-10-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-10-01	Plan is a collectively bargained plan	No
2014-10-01	Plan funding arrangement – Trust	Yes
2014-10-01	Plan benefit arrangement - Trust	Yes
2014-02-26	Type of plan entity	Single employer plan
2014-02-26	First time form 5500 has been submitted	Yes
2014-02-26	Submission has been amended	No
2014-02-26	This submission is the final filing	No
2014-02-26	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-02-26	Plan is a collectively bargained plan	No
2014-02-26	Plan funding arrangement – Trust	Yes
2014-02-26	Plan benefit arrangement - Trust	Yes

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Company Name:	WEGO INC.
Employer identification number (EIN):	464939323
NAIC Classification:	722511
NAIC Description:	Full-Service Restaurants

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	2014-02-25
Company Identification Number:	0774926
Legal Registered Office Address:	1908 LANDSTOWN CENTRE WAY SUITE 150 VIRGINIA BEACH United States of America (USA) 23456