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CHARLOTTE CYCLE, INC. RETIREMENT PLAN 401k Plan overview

Plan NameCHARLOTTE CYCLE, INC. RETIREMENT PLAN
Plan identification number 001

CHARLOTTE CYCLE, INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

CHARLOTTE CYCLE, INC. has sponsored the creation of one or more 401k plans.

Company Name:CHARLOTTE CYCLE, INC.
Employer identification number (EIN):473956410
NAIC Classification:713900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CHARLOTTE CYCLE, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01JAY MARC PALMER
0012016-01-01JAY MARC PALMER
0012015-05-11JAY MARC PALMER

Plan Statistics for CHARLOTTE CYCLE, INC. RETIREMENT PLAN

401k plan membership statisitcs for CHARLOTTE CYCLE, INC. RETIREMENT PLAN

Measure Date Value
2023: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-017
Total number of active participants reported on line 7a of the Form 55002023-01-012
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-012
Number of participants with account balances2023-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-018
Total number of active participants reported on line 7a of the Form 55002022-01-017
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-017
Number of participants with account balances2022-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-015
Total number of active participants reported on line 7a of the Form 55002021-01-018
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-018
Number of participants with account balances2021-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-016
Total number of active participants reported on line 7a of the Form 55002020-01-015
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-015
Number of participants with account balances2020-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-012
Total number of active participants reported on line 7a of the Form 55002019-01-016
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-016
Number of participants with account balances2019-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-012
Total number of active participants reported on line 7a of the Form 55002018-01-012
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-012
Number of participants with account balances2018-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-012
Total number of active participants reported on line 7a of the Form 55002017-01-012
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-012
Number of participants with account balances2017-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-012
Total number of active participants reported on line 7a of the Form 55002016-01-012
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-012
Number of participants with account balances2016-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-05-112
Total number of active participants reported on line 7a of the Form 55002015-05-112
Number of retired or separated participants receiving benefits2015-05-110
Number of other retired or separated participants entitled to future benefits2015-05-110
Total of all active and inactive participants2015-05-112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-05-110
Total participants2015-05-112
Number of participants with account balances2015-05-111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-05-110

Financial Data on CHARLOTTE CYCLE, INC. RETIREMENT PLAN

Measure Date Value
2023 : CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2023 401k financial data
Total income from all sources2023-12-31$101
Expenses. Total of all expenses incurred2023-12-31$0
Total plan assets at end of year2023-12-31$358
Total plan assets at beginning of year2023-12-31$257
Value of fidelity bond covering the plan2023-12-31$40,000
Other income received2023-12-31$101
Net income (gross income less expenses)2023-12-31$101
Net plan assets at end of year (total assets less liabilities)2023-12-31$358
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$257
Assets. Value of employer securities2023-12-31$0
2022 : CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2022 401k financial data
Total income from all sources2022-12-31$-541,166
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$257
Total plan assets at beginning of year2022-12-31$541,423
Value of fidelity bond covering the plan2022-12-31$40,000
Other income received2022-12-31$-541,166
Net income (gross income less expenses)2022-12-31$-541,166
Net plan assets at end of year (total assets less liabilities)2022-12-31$257
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$541,423
Assets. Value of employer securities2022-12-31$0
2021 : CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2021 401k financial data
Total income from all sources2021-12-31$99,049
Expenses. Total of all expenses incurred2021-12-31$0
Total plan assets at end of year2021-12-31$541,423
Total plan assets at beginning of year2021-12-31$442,374
Value of fidelity bond covering the plan2021-12-31$40,000
Other income received2021-12-31$99,049
Net income (gross income less expenses)2021-12-31$99,049
Net plan assets at end of year (total assets less liabilities)2021-12-31$541,423
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$442,374
Assets. Value of employer securities2021-12-31$541,064
2020 : CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2020 401k financial data
Total income from all sources2020-12-31$-12,479
Expenses. Total of all expenses incurred2020-12-31$0
Total plan assets at end of year2020-12-31$442,374
Total plan assets at beginning of year2020-12-31$454,853
Value of fidelity bond covering the plan2020-12-31$40,000
Other income received2020-12-31$-12,479
Net income (gross income less expenses)2020-12-31$-12,479
Net plan assets at end of year (total assets less liabilities)2020-12-31$442,374
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$454,853
Assets. Value of employer securities2020-12-31$442,086
2019 : CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2019 401k financial data
Total income from all sources2019-12-31$-252,770
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$454,853
Total plan assets at beginning of year2019-12-31$707,623
Value of fidelity bond covering the plan2019-12-31$40,000
Other income received2019-12-31$-252,770
Net income (gross income less expenses)2019-12-31$-252,770
Net plan assets at end of year (total assets less liabilities)2019-12-31$454,853
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$707,623
Assets. Value of employer securities2019-12-31$454,635
2018 : CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2018 401k financial data
Total income from all sources2018-12-31$389,578
Expenses. Total of all expenses incurred2018-12-31$1
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$707,623
Total plan assets at beginning of year2018-12-31$318,046
Value of fidelity bond covering the plan2018-12-31$40,000
Total contributions received or receivable from participants2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$389,578
Net income (gross income less expenses)2018-12-31$389,577
Net plan assets at end of year (total assets less liabilities)2018-12-31$707,623
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$318,046
Assets. Value of employer securities2018-12-31$707,455
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$1
2017 : CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2017 401k financial data
Total income from all sources2017-12-31$195,115
Expenses. Total of all expenses incurred2017-12-31$69
Total plan assets at end of year2017-12-31$318,046
Total plan assets at beginning of year2017-12-31$123,000
Value of fidelity bond covering the plan2017-12-31$40,000
Contributions received from other sources (not participants or employers)2017-12-31$430,821
Other income received2017-12-31$-235,706
Net income (gross income less expenses)2017-12-31$195,046
Net plan assets at end of year (total assets less liabilities)2017-12-31$318,046
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$123,000
Assets. Value of employer securities2017-12-31$317,851
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$69
2016 : CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources2016-12-31$-216,835
Expenses. Total of all expenses incurred2016-12-31$0
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$123,000
Total plan assets at beginning of year2016-12-31$339,835
Value of fidelity bond covering the plan2016-12-31$40,000
Total contributions received or receivable from participants2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$-216,835
Net income (gross income less expenses)2016-12-31$-216,835
Net plan assets at end of year (total assets less liabilities)2016-12-31$123,000
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$339,835
Assets. Value of employer securities2016-12-31$123,000
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
2015 : CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2015 401k financial data
Total income from all sources2015-12-31$339,835
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$339,835
Value of fidelity bond covering the plan2015-12-31$40,000
Total contributions received or receivable from participants2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$339,835
Other income received2015-12-31$0
Net income (gross income less expenses)2015-12-31$339,835
Net plan assets at end of year (total assets less liabilities)2015-12-31$339,835
Assets. Value of employer securities2015-12-31$339,835
Total contributions received or receivable from employer(s)2015-12-31$0
Value of certain deemed distributions of participant loans2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0

Form 5500 Responses for CHARLOTTE CYCLE, INC. RETIREMENT PLAN

2023: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: CHARLOTTE CYCLE, INC. 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: CHARLOTTE CYCLE, INC. 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 – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: CHARLOTTE CYCLE, INC. RETIREMENT 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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: CHARLOTTE CYCLE, INC. RETIREMENT PLAN 2015 form 5500 responses
2015-05-11Type of plan entitySingle employer plan
2015-05-11First time form 5500 has been submittedYes
2015-05-11This return/report is a short plan year return/report (less than 12 months)Yes
2015-05-11Plan funding arrangement – TrustYes
2015-05-11Plan benefit arrangement - TrustYes

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