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THE EMPLOYEE 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameTHE EMPLOYEE 401(K) RETIREMENT PLAN
Plan identification number 002

THE EMPLOYEE 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

LA LOMITA, INC. has sponsored the creation of one or more 401k plans.

Company Name:LA LOMITA, INC.
Employer identification number (EIN):742435469
NAIC Classification:722511
NAIC Description:Full-Service Restaurants

Additional information about LA LOMITA, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1986-08-05
Company Identification Number: 0100631700
Legal Registered Office Address: 2105 REMINGTON AVE

EDINBURG
United States of America (USA)
78539

More information about LA LOMITA, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE EMPLOYEE 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01PATRICIA NIELSEN2019-03-07
0022017-01-01PATRICIA NIELSEN
0022017-01-01PATRICIA NIELSEN
0022016-01-01
0022011-01-01PATRICIA NIELSEN2012-07-26

Plan Statistics for THE EMPLOYEE 401(K) RETIREMENT PLAN

401k plan membership statisitcs for THE EMPLOYEE 401(K) RETIREMENT PLAN

Measure Date Value
2017: THE EMPLOYEE 401(K) RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01168
Total number of active participants reported on line 7a of the Form 55002017-01-0120
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-0131
Total of all active and inactive participants2017-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0153
Number of participants with account balances2017-01-0138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0112
2016: THE EMPLOYEE 401(K) RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01201
Total number of active participants reported on line 7a of the Form 55002016-01-01158
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-018
Total of all active and inactive participants2016-01-01166
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01166
Number of participants with account balances2016-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on THE EMPLOYEE 401(K) RETIREMENT PLAN

Measure Date Value
2017 : THE EMPLOYEE 401(K) RETIREMENT PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$514,489
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$92,994
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$58,327
Expenses. Certain deemed distributions of participant loans2017-12-31$16,335
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$275,716
Value of total assets at end of year2017-12-31$2,410,296
Value of total assets at beginning of year2017-12-31$1,988,801
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$18,332
Total interest from all sources2017-12-31$4,312
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$241,030
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$202,798
Participant contributions at end of year2017-12-31$57,542
Participant contributions at beginning of year2017-12-31$64,009
Participant contributions at end of year2017-12-31$3,751
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$1,897
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$421,495
Value of net assets at end of year (total assets less liabilities)2017-12-31$2,410,296
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$1,988,801
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$2,330,700
Value of interest in pooled separate accounts at beginning of year2017-12-31$1,922,895
Interest on participant loans2017-12-31$4,312
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$6,535
Net investment gain/loss from pooled separate accounts2017-12-31$234,461
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$72,918
Employer contributions (assets) at end of year2017-12-31$9,871
Employer contributions (assets) at beginning of year2017-12-31$1,897
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$58,327
Contract administrator fees2017-12-31$18,332
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31TEMPLETON & COMPANY
Accountancy firm EIN2017-12-31141918990
2016 : THE EMPLOYEE 401(K) RETIREMENT PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$383,034
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$151,364
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$151,364
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$276,037
Value of total assets at end of year2016-12-31$1,988,801
Value of total assets at beginning of year2016-12-31$1,757,131
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$0
Total interest from all sources2016-12-31$2,957
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$198,880
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$200,080
Participant contributions at end of year2016-12-31$64,009
Participant contributions at beginning of year2016-12-31$82,615
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$231,670
Value of net assets at end of year (total assets less liabilities)2016-12-31$1,988,801
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$1,757,131
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$1,922,895
Value of interest in pooled separate accounts at beginning of year2016-12-31$1,674,516
Interest on participant loans2016-12-31$2,957
Net investment gain/loss from pooled separate accounts2016-12-31$104,040
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$75,957
Employer contributions (assets) at end of year2016-12-31$1,897
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$151,364
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31TEMPLETON & COMPANY
Accountancy firm EIN2016-12-31141918990

Form 5500 Responses for THE EMPLOYEE 401(K) RETIREMENT PLAN

2017: THE EMPLOYEE 401(K) RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: THE EMPLOYEE 401(K) RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number932448-003
Policy instance 1
Insurance contract or identification number932448-003
Number of Individuals Covered53
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $10,063
Total amount of fees paid to insurance companyUSD $2,905
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Commission paid to Insurance BrokerUSD $10,063
Insurance broker organization code?3
Amount paid for insurance broker fees2905
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker namePINNACLE FINANCIAL SERVICES

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