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GIG 401(K) PLAN 401k Plan overview

Plan NameGIG 401(K) PLAN
Plan identification number 001

GIG 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

GENERATIONS INVESTOR GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:GENERATIONS INVESTOR GROUP, INC.
Employer identification number (EIN):813989425
NAIC Classification:531390
NAIC Description:Other Activities Related to Real Estate

Additional information about GENERATIONS INVESTOR GROUP, INC.

Jurisdiction of Incorporation: Wyoming Corporations Division
Incorporation Date: 2016-09-28
Company Identification Number: 000727721
Legal Registered Office Address: 1718 Capitol Ave

Cheyenne
United States of America (USA)
82001

More information about GENERATIONS INVESTOR GROUP, INC.

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01LINDA LEEK2019-10-03 LINDA LEEK2019-10-03
0012018-01-01LINDA LEEK2019-09-16 LINDA LEEK2019-09-16
0012017-01-01LINDA LEEK LINDA LEEK2018-07-03
0012016-09-28LINDA LEEK LINDA LEEK2018-05-09

Plan Statistics for GIG 401(K) PLAN

401k plan membership statisitcs for GIG 401(K) PLAN

Measure Date Value
2017: GIG 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-011
Total number of active participants reported on line 7a of the Form 55002017-01-011
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-011
Number of participants with account balances2017-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: GIG 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-09-281
Total number of active participants reported on line 7a of the Form 55002016-09-281
Number of retired or separated participants receiving benefits2016-09-280
Number of other retired or separated participants entitled to future benefits2016-09-280
Total of all active and inactive participants2016-09-281
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-09-280
Total participants2016-09-281
Number of participants with account balances2016-09-281
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-09-280

Financial Data on GIG 401(K) PLAN

Measure Date Value
2017 : GIG 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$-648
Expenses. Total of all expenses incurred2017-12-31$1,120
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$80,794
Total plan assets at beginning of year2017-12-31$82,562
Value of fidelity bond covering the plan2017-12-31$10,000
Total contributions received or receivable from participants2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$-648
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$-1,768
Net plan assets at end of year (total assets less liabilities)2017-12-31$80,794
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$82,562
Assets. Value of participant loans2017-12-31$33,045
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$1,120
2016 : GIG 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-21$0
Total plan liabilities at end of year2016-12-21$0
Total plan liabilities at beginning of year2016-12-21$0
Total income from all sources2016-12-21$82,692
Expenses. Total of all expenses incurred2016-12-21$130
Benefits paid (including direct rollovers)2016-12-21$0
Total plan assets at end of year2016-12-21$82,562
Total plan assets at beginning of year2016-12-21$0
Total contributions received or receivable from participants2016-12-21$0
Expenses. Other expenses not covered elsewhere2016-12-21$0
Contributions received from other sources (not participants or employers)2016-12-21$82,692
Other income received2016-12-21$0
Noncash contributions received2016-12-21$0
Net income (gross income less expenses)2016-12-21$82,562
Net plan assets at end of year (total assets less liabilities)2016-12-21$82,562
Net plan assets at beginning of year (total assets less liabilities)2016-12-21$0
Assets. Value of participant loans2016-12-21$41,000
Assets. Value of assets in partnership/joint-venture interests2016-12-21$40,098
Total contributions received or receivable from employer(s)2016-12-21$0
Value of certain deemed distributions of participant loans2016-12-21$0
Value of corrective distributions2016-12-21$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-21$130

Form 5500 Responses for GIG 401(K) PLAN

2017: GIG 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 – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: GIG 401(K) PLAN 2016 form 5500 responses
2016-09-28Type of plan entitySingle employer plan
2016-09-28Submission has been amendedNo
2016-09-28This submission is the final filingNo
2016-09-28This return/report is a short plan year return/report (less than 12 months)Yes
2016-09-28Plan is a collectively bargained planNo
2016-09-28Plan funding arrangement – TrustYes
2016-09-28Plan benefit arrangement - TrustYes

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