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RIGGS CONTRACT SERVICES, LLC 401(K) PLAN 401k Plan overview

Plan NameRIGGS CONTRACT SERVICES, LLC 401(K) PLAN
Plan identification number 001

RIGGS CONTRACT SERVICES, LLC 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

RIGGS CONTRACT SERVICES, LLC has sponsored the creation of one or more 401k plans.

Company Name:RIGGS CONTRACT SERVICES, LLC
Employer identification number (EIN):812461220
NAIC Classification:561730
NAIC Description:Landscaping Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RIGGS CONTRACT SERVICES, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LYNDEE DOWNS2024-10-09
0012022-01-01
0012022-01-01LEANN STOWELL
0012021-01-01
0012021-01-01LEANN STOWELL
0012020-01-01LEANN STOWELL2021-10-05
0012020-01-01LEANN STOWELL2021-10-04

Financial Data on RIGGS CONTRACT SERVICES, LLC 401(K) PLAN

Measure Date Value
2025 : RIGGS CONTRACT SERVICES, LLC 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-07465825
Net assets as of the end of the plan year2025-10-073570573
Total assets as of the beginning of the plan year2025-10-071672712
Value of plan covered by a fidelity bond2025-10-071000000
Participant contributions to plan in this plan year2025-10-07432179
Value of participant loans at end of plan year2025-10-0771679
Other contributions to plan in this plan year2025-10-071497925
Other income to plan in this plan year2025-10-07203054
Plan net income in this plan year2025-10-071897861
Net assets as of the end of the plan year2025-10-073570573
Net assets as of the beginning of the plan year2025-10-071672712
Employer contributions to plan in this plan year2025-10-07230528
Fees paid to broker by Benefit Provider2025-10-074956
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-0710199
2024 : RIGGS CONTRACT SERVICES, LLC 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-10-090
Total expenses incurred by plan in this plan year2024-10-0942024
Net assets as of the end of the plan year2024-10-091672712
Total assets as of the beginning of the plan year2024-10-091280888
Value of plan covered by a fidelity bond2024-10-09150000
Participant contributions to plan in this plan year2024-10-09151055
Value of participant loans at end of plan year2024-10-0932387
Other income to plan in this plan year2024-10-09211704
Plan net income in this plan year2024-10-09391824
Net assets as of the end of the plan year2024-10-091672712
Net assets as of the beginning of the plan year2024-10-091280888
Employer contributions to plan in this plan year2024-10-0971089
Fees paid to broker by Benefit Provider2024-10-094925
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-095747
2022 : RIGGS CONTRACT SERVICES, LLC 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$5,069
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$37,013
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$32,251
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$242,210
Value of total assets at end of year2022-12-31$1,280,888
Value of total assets at beginning of year2022-12-31$1,312,832
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$4,762
Total interest from all sources2022-12-31$1,575
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
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$131,284
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$167,076
Participant contributions at end of year2022-12-31$36,347
Participant contributions at beginning of year2022-12-31$14,030
Other income not declared elsewhere2022-12-31$715
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-31,944
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,280,888
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$1,312,832
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
Value of interest in pooled separate accounts at end of year2022-12-31$841,731
Value of interest in pooled separate accounts at beginning of year2022-12-31$913,945
Interest on participant loans2022-12-31$1,575
Value of interest in common/collective trusts at end of year2022-12-31$402,810
Value of interest in common/collective trusts at beginning of year2022-12-31$384,857
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Net investment gain/loss from pooled separate accounts2022-12-31$-176,567
Net investment gain or loss from common/collective trusts2022-12-31$-62,864
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 contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$75,134
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$32,251
Contract administrator fees2022-12-31$4,762
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 name2022-12-31FORVIS, LLP
Accountancy firm EIN2022-12-31440160260
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$5,069
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$37,013
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$32,251
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$242,210
Value of total assets at end of year2022-01-01$1,280,888
Value of total assets at beginning of year2022-01-01$1,312,832
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$4,762
Total interest from all sources2022-01-01$1,575
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$131,284
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$167,076
Participant contributions at end of year2022-01-01$36,347
Participant contributions at beginning of year2022-01-01$14,030
Other income not declared elsewhere2022-01-01$715
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-31,944
Value of net assets at end of year (total assets less liabilities)2022-01-01$1,280,888
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$1,312,832
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in pooled separate accounts at end of year2022-01-01$841,731
Value of interest in pooled separate accounts at beginning of year2022-01-01$913,945
Interest on participant loans2022-01-01$1,575
Value of interest in common/collective trusts at end of year2022-01-01$402,810
Value of interest in common/collective trusts at beginning of year2022-01-01$384,857
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$0
Net investment gain/loss from pooled separate accounts2022-01-01$-176,567
Net investment gain or loss from common/collective trusts2022-01-01$-62,864
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$75,134
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$32,251
Contract administrator fees2022-01-01$4,762
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01FORVIS, LLP
Accountancy firm EIN2022-01-01440160260
2021 : RIGGS CONTRACT SERVICES, 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$359,952
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$14,263
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$10,288
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$206,880
Value of total assets at end of year2021-12-31$1,312,832
Value of total assets at beginning of year2021-12-31$967,143
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$3,975
Total interest from all sources2021-12-31$236
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
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$96,714
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$144,158
Participant contributions at end of year2021-12-31$14,030
Participant contributions at beginning of year2021-12-31$0
Other income not declared elsewhere2021-12-31$500
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$345,689
Value of net assets at end of year (total assets less liabilities)2021-12-31$1,312,832
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$967,143
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$913,945
Value of interest in pooled separate accounts at beginning of year2021-12-31$686,901
Interest on participant loans2021-12-31$236
Value of interest in common/collective trusts at end of year2021-12-31$384,857
Value of interest in common/collective trusts at beginning of year2021-12-31$280,242
Net investment gain/loss from pooled separate accounts2021-12-31$114,237
Net investment gain or loss from common/collective trusts2021-12-31$38,099
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$62,722
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$10,288
Contract administrator fees2021-12-31$3,975
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 name2021-12-31FORVIS, LLP
Accountancy firm EIN2021-12-31440160260

Form 5500 Responses for RIGGS CONTRACT SERVICES, LLC 401(K) PLAN

2022: RIGGS CONTRACT SERVICES, LLC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: RIGGS CONTRACT SERVICES, 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 filingNo
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

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number620345
Policy instance 1
Insurance contract or identification number620345
Number of Individuals Covered211
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $4,119
Total amount of fees paid to insurance companyUSD $412
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?No
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
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number620345
Policy instance 1

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