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NCS 002 401(K) PLAN 401k Plan overview

Plan NameNCS 002 401(K) PLAN
Plan identification number 002

NCS 002 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

NETWORK CABLING SERVICES has sponsored the creation of one or more 401k plans.

Company Name:NETWORK CABLING SERVICES
Employer identification number (EIN):760672015
NAIC Classification:238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NCS 002 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01TERESA MARESCA2021-07-13
0022019-01-01TERESA MARESCA2020-04-15
0022018-01-01TERESA MERESCA2019-05-15
0022017-01-01TERESA MERESCA2018-05-29
0022016-01-01TERESA MERESCA2017-05-11
0022015-01-01TERESA MERESCA2016-07-06
0022014-01-08TERESA MARESCA2015-06-08

Plan Statistics for NCS 002 401(K) PLAN

401k plan membership statisitcs for NCS 002 401(K) PLAN

Measure Date Value
2023: NCS 002 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01242
Total number of active participants reported on line 7a of the Form 55002023-01-01174
Number of retired or separated participants receiving benefits2023-01-0111
Number of other retired or separated participants entitled to future benefits2023-01-0157
Total of all active and inactive participants2023-01-01242
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01242
Number of participants with account balances2023-01-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-014
2022: NCS 002 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01332
Total number of active participants reported on line 7a of the Form 55002022-01-01304
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0117
Total of all active and inactive participants2022-01-01322
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01322
Number of participants with account balances2022-01-0185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-019
2021: NCS 002 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01326
Total number of active participants reported on line 7a of the Form 55002021-01-01280
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0110
Total of all active and inactive participants2021-01-01290
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01290
Number of participants with account balances2021-01-0183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-015

Financial Data on NCS 002 401(K) PLAN

Measure Date Value
2023 : NCS 002 401(K) PLAN 2023 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$22,096
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$60,177
Total income from all sources (including contributions)2023-12-31$866,007
Total of all expenses incurred2023-12-31$373,757
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$368,544
Expenses. Certain deemed distributions of participant loans2023-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$510,006
Value of total assets at end of year2023-12-31$2,651,496
Value of total assets at beginning of year2023-12-31$2,197,327
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$5,213
Total interest from all sources2023-12-31$6,910
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$0
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$391,118
Participant contributions at end of year2023-12-31$98,975
Participant contributions at beginning of year2023-12-31$50,146
Participant contributions at end of year2023-12-31$6,562
Participant contributions at beginning of year2023-12-31$7,100
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$22,096
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$60,177
Total non interest bearing cash at beginning of year2023-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$492,250
Value of net assets at end of year (total assets less liabilities)2023-12-31$2,629,400
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$2,137,150
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in pooled separate accounts at end of year2023-12-31$2,418,696
Value of interest in pooled separate accounts at beginning of year2023-12-31$2,096,426
Interest on participant loans2023-12-31$6,910
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$64,221
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$42,612
Expenses. Payments to insurance carriers foe the provision of benefits2023-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$349,091
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$118,888
Employer contributions (assets) at end of year2023-12-31$63,042
Employer contributions (assets) at beginning of year2023-12-31$1,043
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$368,544
Contract administrator fees2023-12-31$5,213
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31No
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31DOEREN MAYHEW ASSURANCE
Accountancy firm EIN2023-12-31382492570
2022 : NCS 002 401(K) PLAN 2022 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$60,177
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$53,785
Total income from all sources (including contributions)2022-12-31$81,308
Total of all expenses incurred2022-12-31$96,830
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$86,323
Value of total corrective distributions2022-12-31$4,319
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$497,461
Value of total assets at end of year2022-12-31$2,197,327
Value of total assets at beginning of year2022-12-31$2,206,457
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$6,188
Total interest from all sources2022-12-31$2,338
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$300,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$412,973
Participant contributions at end of year2022-12-31$50,146
Participant contributions at beginning of year2022-12-31$31,514
Participant contributions at end of year2022-12-31$7,100
Participant contributions at beginning of year2022-12-31$6,333
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$20,506
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$60,177
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$53,785
Other income not declared elsewhere2022-12-31$318
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-15,522
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,137,150
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,152,672
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$6,188
Value of interest in pooled separate accounts at end of year2022-12-31$2,096,426
Value of interest in pooled separate accounts at beginning of year2022-12-31$2,167,687
Interest on participant loans2022-12-31$2,338
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$42,612
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Net investment gain/loss from pooled separate accounts2022-12-31$-418,809
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$63,982
Employer contributions (assets) at end of year2022-12-31$1,043
Employer contributions (assets) at beginning of year2022-12-31$923
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$86,323
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31DOEREN MAYHEW
Accountancy firm EIN2022-12-31364745545
2021 : NCS 002 401(K) PLAN 2021 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$53,785
Total income from all sources (including contributions)2021-12-31$650,710
Total of all expenses incurred2021-12-31$144,126
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$104,762
Expenses. Certain deemed distributions of participant loans2021-12-31$0
Value of total corrective distributions2021-12-31$37,290
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$385,028
Value of total assets at end of year2021-12-31$2,206,457
Value of total assets at beginning of year2021-12-31$1,646,088
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$2,074
Total interest from all sources2021-12-31$1,201
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$0
Administrative expenses professional fees incurred2021-12-31$2,074
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$330,411
Participant contributions at end of year2021-12-31$31,514
Participant contributions at beginning of year2021-12-31$18,067
Participant contributions at end of year2021-12-31$6,333
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$53,785
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$1,627
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$506,584
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,152,672
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,646,088
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$2,167,687
Value of interest in pooled separate accounts at beginning of year2021-12-31$1,626,394
Interest on participant loans2021-12-31$1,174
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$27
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$0
Net investment gain/loss from pooled separate accounts2021-12-31$264,481
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$54,617
Employer contributions (assets) at end of year2021-12-31$923
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$104,762
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31DOEREN MAYHEW
Accountancy firm EIN2021-12-31364745545

Form 5500 Responses for NCS 002 401(K) PLAN

2023: NCS 002 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NCS 002 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: NCS 002 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81E905
Policy instance 1
Insurance contract or identification number81E905
Number of Individuals Covered84
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $11,393
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81E905
Policy instance 1
Insurance contract or identification number81E905
Number of Individuals Covered85
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $10,178
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,178
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerBROKER COMMISSIONS
Insurance broker organization code?3
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81E905
Policy instance 1
Insurance contract or identification number81E905
Number of Individuals Covered83
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $7,476
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $7,476
Additional information about fees paid to insurance brokerBROKER COMMISSIONS
Insurance broker organization code?3

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