401k Plan data: WRENCH IO 401(K) PLAN plan

WRENCH IO 401(K) PLAN 401k Plan overview

Plan Name	WRENCH IO 401(K) PLAN
Plan identification number	001

WRENCH IO 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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.

401k Sponsoring company profile

WRENCH IO LLC has sponsored the creation of one or more 401k plans.

Company Name: WRENCH IO LLC

Employer identification number (EIN): 811219858

NAIC Classification: 541511
NAIC Description: Custom Computer Programming Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WRENCH IO 401(K) 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 JUSTIN WOODY 2022-10-12 JUSTIN WOODY 2022-10-12
001 2020-01-01 JUSTIN WOODY 2021-06-23 JUSTIN WOODY 2021-06-23
001 2019-01-01 CAROL HO 2020-07-02
001 2018-11-07 CAROL HO 2019-07-23

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	JUSTIN WOODY	2022-10-12	JUSTIN WOODY	2022-10-12
001	2020-01-01	JUSTIN WOODY	2021-06-23	JUSTIN WOODY	2021-06-23
001	2019-01-01	CAROL HO	2020-07-02
001	2018-11-07	CAROL HO	2019-07-23

Plan Statistics for WRENCH IO 401(K) PLAN

401k plan membership statisitcs for WRENCH IO 401(K) PLAN

Measure Date Value
2022: WRENCH IO 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 40
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 61
Number of other retired or separated participants entitled to future benefits 2022-01-01 1
Total of all active and inactive participants 2022-01-01 62
Total participants 2022-01-01 62
Number of participants with account balances 2022-01-01 62

Measure	Date	Value
2022: WRENCH IO 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	40
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	61
Number of other retired or separated participants entitled to future benefits	2022-01-01	1
Total of all active and inactive participants	2022-01-01	62
Total participants	2022-01-01	62
Number of participants with account balances	2022-01-01	62

Financial Data on WRENCH IO 401(K) PLAN

Measure	Date	Value
2022 : WRENCH IO 401(K) PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$1,042,432
Expenses. Total of all expenses incurred	2022-12-31	$69,303
Benefits paid (including direct rollovers)	2022-12-31	$68,409
Total plan assets at end of year	2022-12-31	$4,379,435
Total plan assets at beginning of year	2022-12-31	$3,406,306
Value of fidelity bond covering the plan	2022-12-31	$500,000
Total contributions received or receivable from participants	2022-12-31	$791,133
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$64,700
Other income received	2022-12-31	$-694,473
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$973,129
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$4,379,435
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$3,406,306
Assets. Value of participant loans	2022-12-31	$4,108
Total contributions received or receivable from employer(s)	2022-12-31	$881,072
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$894

Form 5500 Responses for WRENCH IO 401(K) PLAN

2022: WRENCH IO 401(K) 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

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Company Name:	WRENCH IO LLC
Employer identification number (EIN):	811219858
NAIC Classification:	541511
NAIC Description:	Custom Computer Programming Services