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SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN 401k Plan overview

Plan NameSAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN
Plan identification number 002

SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.

401k Sponsoring company profile

SAFETY NETWORK, TRAFFIC CONTROL SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:SAFETY NETWORK, TRAFFIC CONTROL SERVICES, INC.
Employer identification number (EIN):471582002
NAIC Classification:238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01RUSS JOHNSON2023-10-05 RUSS JOHNSON2023-10-05
0022021-01-01RUSS JOHNSON2022-07-29 RUSS JOHNSON2022-07-29
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01

Plan Statistics for SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN

401k plan membership statisitcs for SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN

Measure Date Value
2022: SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01120
Total number of active participants reported on line 7a of the Form 55002022-01-01131
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0112
Total of all active and inactive participants2022-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01144
Number of participants with account balances2022-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01120
Total number of active participants reported on line 7a of the Form 55002021-01-01131
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0112
Total of all active and inactive participants2021-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01144
Number of participants with account balances2021-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN

Measure Date Value
2022 : SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN 2022 401k financial data
Total income from all sources2022-12-31$-64,957
Expenses. Total of all expenses incurred2022-12-31$88,289
Benefits paid (including direct rollovers)2022-12-31$75,296
Total plan assets at end of year2022-12-31$1,021,910
Total plan assets at beginning of year2022-12-31$1,175,156
Value of fidelity bond covering the plan2022-12-31$120,000
Total contributions received or receivable from participants2022-12-31$63,938
Other income received2022-12-31$-188,568
Net income (gross income less expenses)2022-12-31$-153,246
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,021,910
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,175,156
Assets. Value of participant loans2022-12-31$109,095
Total contributions received or receivable from employer(s)2022-12-31$59,673
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$12,993
2021 : SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN 2021 401k financial data
Total income from all sources2021-12-31$241,535
Expenses. Total of all expenses incurred2021-12-31$88,289
Benefits paid (including direct rollovers)2021-12-31$75,296
Total plan assets at end of year2021-12-31$1,175,156
Total plan assets at beginning of year2021-12-31$1,021,910
Value of fidelity bond covering the plan2021-12-31$120,000
Total contributions received or receivable from participants2021-12-31$63,938
Other income received2021-12-31$117,924
Net income (gross income less expenses)2021-12-31$153,246
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,175,156
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,021,910
Assets. Value of participant loans2021-12-31$109,095
Total contributions received or receivable from employer(s)2021-12-31$59,673
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$12,993
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 SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) PLAN

2022: SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) 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: SAFETY NETWORK, INC. CONTRACTOR AND EMPLOYEE 401(K) 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 – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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