401k Plan data: FALCON SALONS 1, INC. RETIREMENT PLAN plan

FALCON SALONS 1, INC. RETIREMENT PLAN 401k Plan overview

Plan Name	FALCON SALONS 1, INC. RETIREMENT PLAN
Plan identification number	001

FALCON SALONS 1, INC. RETIREMENT PLAN Benefits

401k Plan Type

Defined 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.
Plan covering Self-Employed individuals.
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

FALCON SALONS 1, INC. has sponsored the creation of one or more 401k plans.

Company Name: FALCON SALONS 1, INC.

Employer identification number (EIN): 474290261

NAIC Classification: 812112
NAIC Description: Beauty Salons

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FALCON SALONS 1, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01 PAUL S DEFALCO
001 2017-01-01 PAUL S DEFALCO
001 2016-01-01 PAUL S DEFALCO
001 2015-07-27 PAUL S DEFALCO

Plan Statistics for FALCON SALONS 1, INC. RETIREMENT PLAN

401k plan membership statisitcs for FALCON SALONS 1, INC. RETIREMENT PLAN

Measure Date Value
2022: FALCON SALONS 1, INC. RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 2
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 5
Total of all active and inactive participants 2022-01-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 7
Number of participants with account balances 2022-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: FALCON SALONS 1, INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 2
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 5
Total of all active and inactive participants 2021-01-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 7
Number of participants with account balances 2021-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 1
2020: FALCON SALONS 1, INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 3
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 4
Total of all active and inactive participants 2020-01-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 7
Number of participants with account balances 2020-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 2
2019: FALCON SALONS 1, INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 5
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 2
Total of all active and inactive participants 2019-01-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 7
Number of participants with account balances 2019-01-01 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 2
2018: FALCON SALONS 1, INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 4
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 4
Number of participants with account balances 2018-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: FALCON SALONS 1, INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 2
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 2
Number of participants with account balances 2017-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: FALCON SALONS 1, INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 2
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 2
Number of participants with account balances 2016-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: FALCON SALONS 1, INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-07-27 2
Total number of active participants reported on line 7a of the Form 5500 2015-07-27 2
Number of retired or separated participants receiving benefits 2015-07-27 0
Number of other retired or separated participants entitled to future benefits 2015-07-27 0
Total of all active and inactive participants 2015-07-27 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-07-27 0
Total participants 2015-07-27 2
Number of participants with account balances 2015-07-27 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-07-27 0

Measure	Date	Value
2022: FALCON SALONS 1, INC. RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	2
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	5
Total of all active and inactive participants	2022-01-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	7
Number of participants with account balances	2022-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: FALCON SALONS 1, INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	2
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	5
Total of all active and inactive participants	2021-01-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	7
Number of participants with account balances	2021-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	1
2020: FALCON SALONS 1, INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	3
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	4
Total of all active and inactive participants	2020-01-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	7
Number of participants with account balances	2020-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	2
2019: FALCON SALONS 1, INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	5
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	2
Total of all active and inactive participants	2019-01-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	7
Number of participants with account balances	2019-01-01	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	2
2018: FALCON SALONS 1, INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	4
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	4
Number of participants with account balances	2018-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: FALCON SALONS 1, INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	2
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	2
Number of participants with account balances	2017-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: FALCON SALONS 1, INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	2
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	2
Number of participants with account balances	2016-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: FALCON SALONS 1, INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-07-27	2
Total number of active participants reported on line 7a of the Form 5500	2015-07-27	2
Number of retired or separated participants receiving benefits	2015-07-27	0
Number of other retired or separated participants entitled to future benefits	2015-07-27	0
Total of all active and inactive participants	2015-07-27	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-07-27	0
Total participants	2015-07-27	2
Number of participants with account balances	2015-07-27	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-07-27	0

Financial Data on FALCON SALONS 1, INC. RETIREMENT PLAN

Measure	Date	Value
2022 : FALCON SALONS 1, INC. RETIREMENT PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$-68,988
Expenses. Total of all expenses incurred	2022-12-31	$2,633
Total plan assets at end of year	2022-12-31	$533,109
Total plan assets at beginning of year	2022-12-31	$604,730
Expenses. Other expenses not covered elsewhere	2022-12-31	$2,633
Other income received	2022-12-31	$-122,280
Net income (gross income less expenses)	2022-12-31	$-71,621
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$533,109
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$604,730
Assets. Value of employer securities	2022-12-31	$242,741
Total contributions received or receivable from employer(s)	2022-12-31	$53,292
2021 : FALCON SALONS 1, INC. RETIREMENT PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$238,223
Expenses. Total of all expenses incurred	2021-12-31	$2,596
Total plan assets at end of year	2021-12-31	$604,730
Total plan assets at beginning of year	2021-12-31	$369,103
Expenses. Other expenses not covered elsewhere	2021-12-31	$2,596
Other income received	2021-12-31	$194,942
Net income (gross income less expenses)	2021-12-31	$235,627
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$604,730
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$369,103
Assets. Value of employer securities	2021-12-31	$238,920
Total contributions received or receivable from employer(s)	2021-12-31	$43,281
2020 : FALCON SALONS 1, INC. RETIREMENT PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$-275,243
Expenses. Total of all expenses incurred	2020-12-31	$2,015
Total plan assets at end of year	2020-12-31	$369,103
Total plan assets at beginning of year	2020-12-31	$646,361
Expenses. Other expenses not covered elsewhere	2020-12-31	$2,015
Other income received	2020-12-31	$-275,243
Net income (gross income less expenses)	2020-12-31	$-277,258
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$369,103
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$646,361
Assets. Value of employer securities	2020-12-31	$121,648
2019 : FALCON SALONS 1, INC. RETIREMENT PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$62,051
Expenses. Total of all expenses incurred	2019-12-31	$1,781
Total plan assets at end of year	2019-12-31	$646,361
Total plan assets at beginning of year	2019-12-31	$586,091
Other income received	2019-12-31	$60,524
Net income (gross income less expenses)	2019-12-31	$60,270
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$646,361
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$586,091
Assets. Value of employer securities	2019-12-31	$441,289
Total contributions received or receivable from employer(s)	2019-12-31	$1,527
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$1,781
2018 : FALCON SALONS 1, INC. RETIREMENT PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$195,163
Expenses. Total of all expenses incurred	2018-12-31	$1,735
Benefits paid (including direct rollovers)	2018-12-31	$0
Total plan assets at end of year	2018-12-31	$586,091
Total plan assets at beginning of year	2018-12-31	$392,663
Total contributions received or receivable from participants	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$195,163
Net income (gross income less expenses)	2018-12-31	$193,428
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$586,091
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$392,663
Assets. Value of employer securities	2018-12-31	$433,342
Total contributions received or receivable from employer(s)	2018-12-31	$0
Value of certain deemed distributions of participant loans	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$1,735
2017 : FALCON SALONS 1, INC. RETIREMENT PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$-62,447
Expenses. Total of all expenses incurred	2017-12-31	$1,473
Benefits paid (including direct rollovers)	2017-12-31	$0
Total plan assets at end of year	2017-12-31	$392,663
Total plan assets at beginning of year	2017-12-31	$456,583
Total contributions received or receivable from participants	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$0
Other income received	2017-12-31	$-62,447
Net income (gross income less expenses)	2017-12-31	$-63,920
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$392,663
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$456,583
Assets. Value of employer securities	2017-12-31	$227,562
Total contributions received or receivable from employer(s)	2017-12-31	$0
Value of certain deemed distributions of participant loans	2017-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$1,473
2016 : FALCON SALONS 1, INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$-123,273
Expenses. Total of all expenses incurred	2016-12-31	$1,546
Benefits paid (including direct rollovers)	2016-12-31	$0
Total plan assets at end of year	2016-12-31	$456,583
Total plan assets at beginning of year	2016-12-31	$581,402
Total contributions received or receivable from participants	2016-12-31	$0
Contributions received from other sources (not participants or employers)	2016-12-31	$14,817
Other income received	2016-12-31	$-138,090
Net income (gross income less expenses)	2016-12-31	$-124,819
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$456,583
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$581,402
Assets. Value of employer securities	2016-12-31	$320,000
Total contributions received or receivable from employer(s)	2016-12-31	$0
Value of certain deemed distributions of participant loans	2016-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$1,546
2015 : FALCON SALONS 1, INC. RETIREMENT PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$582,200
Expenses. Total of all expenses incurred	2015-12-31	$798
Benefits paid (including direct rollovers)	2015-12-31	$0
Total plan assets at end of year	2015-12-31	$581,402
Total contributions received or receivable from participants	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$575,766
Other income received	2015-12-31	$6,434
Net income (gross income less expenses)	2015-12-31	$581,402
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$581,402
Assets. Value of employer securities	2015-12-31	$184,750
Total contributions received or receivable from employer(s)	2015-12-31	$0
Value of certain deemed distributions of participant loans	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$798

Form 5500 Responses for FALCON SALONS 1, INC. RETIREMENT PLAN

2022: FALCON SALONS 1, INC. RETIREMENT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: FALCON SALONS 1, INC. RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: FALCON SALONS 1, INC. RETIREMENT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: FALCON SALONS 1, INC. RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: FALCON SALONS 1, INC. RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: FALCON SALONS 1, INC. RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: FALCON SALONS 1, INC. RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: FALCON SALONS 1, INC. RETIREMENT PLAN 2015 form 5500 responses
2015-07-27	Type of plan entity	Single employer plan
2015-07-27	First time form 5500 has been submitted	Yes
2015-07-27	This return/report is a short plan year return/report (less than 12 months)	Yes
2015-07-27	Plan funding arrangement – Trust	Yes
2015-07-27	Plan benefit arrangement - Trust	Yes

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Company Name:	FALCON SALONS 1, INC.
Employer identification number (EIN):	474290261
NAIC Classification:	812112
NAIC Description:	Beauty Salons