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INCIPIO,LLC 401(K) PLAN 401k Plan overview

Plan NameINCIPIO,LLC 401(K) PLAN
Plan identification number 001

INCIPIO,LLC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

INCIPIO, LLC has sponsored the creation of one or more 401k plans.

Company Name:INCIPIO, LLC
Employer identification number (EIN):810730877
NAIC Classification:454390
NAIC Description:Other Direct Selling Establishments

Additional information about INCIPIO, LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2017-09-03
Company Identification Number: 0802805854
Legal Registered Office Address: 6402 SHADY OAKS DR

FRISCO
United States of America (USA)
75034

More information about INCIPIO, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INCIPIO,LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012017-01-01PHIL TISUE
0012016-01-01PHIL TISUE

Plan Statistics for INCIPIO,LLC 401(K) PLAN

401k plan membership statisitcs for INCIPIO,LLC 401(K) PLAN

Measure Date Value
2021: INCIPIO,LLC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01196
Total number of active participants reported on line 7a of the Form 55002021-01-010
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 participants2021-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-010
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2017: INCIPIO,LLC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01537
Total number of active participants reported on line 7a of the Form 55002017-01-01390
Number of retired or separated participants receiving benefits2017-01-018
Number of other retired or separated participants entitled to future benefits2017-01-01236
Total of all active and inactive participants2017-01-01634
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01634
Number of participants with account balances2017-01-01602
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: INCIPIO,LLC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01380
Total number of active participants reported on line 7a of the Form 55002016-01-01396
Number of retired or separated participants receiving benefits2016-01-014
Number of other retired or separated participants entitled to future benefits2016-01-01139
Total of all active and inactive participants2016-01-01539
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01539
Number of participants with account balances2016-01-01511
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on INCIPIO,LLC 401(K) PLAN

Measure Date Value
2021 : INCIPIO,LLC 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,472,323
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$8,740,560
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$8,623,365
Expenses. Certain deemed distributions of participant loans2021-12-31$18,035
Value of total corrective distributions2021-12-31$12,482
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$630,991
Value of total assets at end of year2021-12-31$0
Value of total assets at beginning of year2021-12-31$7,268,237
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$86,678
Total interest from all sources2021-12-31$1,936
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 year2021-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-12-31$0
Administrative expenses professional fees incurred2021-12-31$86,388
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$481,832
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$81,833
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$56
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$99,742
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-7,268,237
Value of net assets at end of year (total assets less liabilities)2021-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$7,268,237
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
Interest on participant loans2021-12-31$1,936
Value of interest in common/collective trusts at end of year2021-12-31$0
Value of interest in common/collective trusts at beginning of year2021-12-31$7,186,348
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$839,396
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$49,417
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$8,623,365
Contract administrator fees2021-12-31$290
Did the plan have assets held for investment2021-12-31No
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 PBGC2021-12-31Yes
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31PKF O'CONNOR DAVIES, LLP
Accountancy firm EIN2021-12-31271728945
2017 : INCIPIO,LLC 401(K) 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$28,432
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$2,648,590
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$520,037
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$482,512
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,898,533
Value of total assets at end of year2017-12-31$5,509,568
Value of total assets at beginning of year2017-12-31$3,352,583
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$37,525
Total interest from all sources2017-12-31$3,115
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$500,000
If this is an individual account plan, was there a blackout period2017-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,187,909
Participant contributions at end of year2017-12-31$47,725
Participant contributions at beginning of year2017-12-31$31,491
Participant contributions at end of year2017-12-31$141,234
Participant contributions at beginning of year2017-12-31$113,753
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$411,086
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$28,432
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$2,128,553
Value of net assets at end of year (total assets less liabilities)2017-12-31$5,481,136
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$3,352,583
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$5,102,197
Value of interest in pooled separate accounts at beginning of year2017-12-31$3,031,812
Interest on participant loans2017-12-31$1,164
Interest earned on other investments2017-12-31$1,951
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$181,562
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$139,021
Net investment gain/loss from pooled separate accounts2017-12-31$746,942
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$299,538
Employer contributions (assets) at end of year2017-12-31$36,850
Employer contributions (assets) at beginning of year2017-12-31$36,506
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$482,512
Contract administrator fees2017-12-31$37,525
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31Yes
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 name2017-12-31COULTER & JUSTUS
Accountancy firm EIN2017-12-31621532536
2016 : INCIPIO,LLC 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$1,847,666
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$1,550,767
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$667,747
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$642,574
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,255,424
Value of total assets at end of year2016-12-31$3,352,583
Value of total assets at beginning of year2016-12-31$621,897
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$25,173
Total interest from all sources2016-12-31$3,117
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$500,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$810,026
Participant contributions at end of year2016-12-31$31,491
Participant contributions at beginning of year2016-12-31$29,882
Participant contributions at end of year2016-12-31$113,753
Participant contributions at beginning of year2016-12-31$15,549
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$196,730
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$883,020
Value of net assets at end of year (total assets less liabilities)2016-12-31$3,352,583
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$621,897
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$3,031,812
Value of interest in pooled separate accounts at beginning of year2016-12-31$554,403
Interest on participant loans2016-12-31$1,692
Interest earned on other investments2016-12-31$1,425
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$139,021
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$16,876
Net investment gain/loss from pooled separate accounts2016-12-31$292,226
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$248,668
Employer contributions (assets) at end of year2016-12-31$36,506
Employer contributions (assets) at beginning of year2016-12-31$5,187
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$642,574
Contract administrator fees2016-12-31$25,173
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
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 name2016-12-31COULTER & JUSTUS
Accountancy firm EIN2016-12-31621532536

Form 5500 Responses for INCIPIO,LLC 401(K) PLAN

2021: INCIPIO,LLC 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 filingYes
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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2017: INCIPIO,LLC 401(K) 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: INCIPIO,LLC 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
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 LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number931061-398
Policy instance 1
Insurance contract or identification number931061-398
Number of Individuals Covered634
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $17,356
Total amount of fees paid to insurance companyUSD $1,853
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $13,948
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?3
Insurance broker nameTAG RESOURCES, LLC

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