401k Plan data: INRCORE, LLC RETIREMENT PLAN plan

INRCORE, LLC RETIREMENT PLAN 401k Plan overview

Plan Name	INRCORE, LLC RETIREMENT PLAN
Plan identification number	002

INRCORE, LLC RETIREMENT PLAN Benefits

401k Plan Type

Defined 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

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

Company Name: INRCORE, LLC

Employer identification number (EIN): 824563386

NAIC Classification: 335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INRCORE, LLC RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 JOHN JOSEPH LEMAY, III 2023-10-06 JOHN JOSEPH LEMAY, III 2023-10-06
002 2021-01-01 JOHN JOSEPH LEMAY, III 2022-10-05 JOHN JOSEPH LEMAY, III 2022-10-05

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	JOHN JOSEPH LEMAY, III	2023-10-06	JOHN JOSEPH LEMAY, III	2023-10-06
002	2021-01-01	JOHN JOSEPH LEMAY, III	2022-10-05	JOHN JOSEPH LEMAY, III	2022-10-05

Plan Statistics for INRCORE, LLC RETIREMENT PLAN

401k plan membership statisitcs for INRCORE, LLC RETIREMENT PLAN

Measure Date Value
2022: INRCORE, LLC RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 356
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 374
Number of retired or separated participants receiving benefits 2022-01-01 84
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 458
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 458
Number of participants with account balances 2022-01-01 355
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: INRCORE, LLC RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 343
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 277
Number of retired or separated participants receiving benefits 2021-01-01 70
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 347
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 347
Number of participants with account balances 2021-01-01 286
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0

Measure	Date	Value
2022: INRCORE, LLC RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	356
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	374
Number of retired or separated participants receiving benefits	2022-01-01	84
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	458
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	458
Number of participants with account balances	2022-01-01	355
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: INRCORE, LLC RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	343
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	277
Number of retired or separated participants receiving benefits	2021-01-01	70
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	347
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	347
Number of participants with account balances	2021-01-01	286
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0

Financial Data on INRCORE, LLC RETIREMENT PLAN

Measure	Date	Value
2022 : INRCORE, LLC RETIREMENT PLAN 2022 401k financial data
Total transfer of assets to this plan	2022-12-31	$2,103,774
Total income from all sources (including contributions)	2022-12-31	$1,712,812
Total of all expenses incurred	2022-12-31	$1,933,640
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,852,852
Expenses. Certain deemed distributions of participant loans	2022-12-31	$6,269
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$4,006,298
Value of total assets at end of year	2022-12-31	$17,048,846
Value of total assets at beginning of year	2022-12-31	$15,165,900
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$74,519
Total interest from all sources	2022-12-31	$6,535
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Administrative expenses professional fees incurred	2022-12-31	$74,519
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$1,069,449
Participant contributions at end of year	2022-12-31	$163,449
Participant contributions at beginning of year	2022-12-31	$102,818
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$2,555,960
Total non interest bearing cash at end of year	2022-12-31	$0
Total non interest bearing cash at beginning of year	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Income. Non cash contributions	2022-12-31	$0
Value of net income/loss	2022-12-31	$-220,828
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$17,048,846
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$15,165,900
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in pooled separate accounts at end of year	2022-12-31	$16,885,397
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$15,063,082
Interest on participant loans	2022-12-31	$6,535
Net investment gain/loss from pooled separate accounts	2022-12-31	$-2,300,021
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$380,889
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,852,852
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2022-12-31	Yes
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	FREED MAXICK CPAS, PC
Accountancy firm EIN	2022-12-31	454051133
2021 : INRCORE, LLC RETIREMENT PLAN 2021 401k financial data
Total transfer of assets to this plan	2021-12-31	$11,295,351
Total income from all sources (including contributions)	2021-12-31	$1,382,168
Total of all expenses incurred	2021-12-31	$987,873
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$886,018
Expenses. Certain deemed distributions of participant loans	2021-12-31	$51,552
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$738,072
Value of total assets at end of year	2021-12-31	$15,165,900
Value of total assets at beginning of year	2021-12-31	$3,476,254
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$50,303
Total interest from all sources	2021-12-31	$3,215
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Administrative expenses professional fees incurred	2021-12-31	$50,303
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$521,423
Participant contributions at end of year	2021-12-31	$102,818
Participant contributions at beginning of year	2021-12-31	$29,280
Assets. Other investments not covered elsewhere at end of year	2021-12-31	$0
Assets. Other investments not covered elsewhere at beginning of year	2021-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$52,206
Total non interest bearing cash at end of year	2021-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Income. Non cash contributions	2021-12-31	$0
Value of net income/loss	2021-12-31	$394,295
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$15,165,900
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$3,476,254
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$0
Value of interest in pooled separate accounts at end of year	2021-12-31	$15,063,082
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$3,446,974
Interest on participant loans	2021-12-31	$3,215
Net investment gain/loss from pooled separate accounts	2021-12-31	$640,881
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$164,443
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$886,018
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	FREED MAXICK CPAS, PC
Accountancy firm EIN	2021-12-31	454051133

Form 5500 Responses for INRCORE, LLC RETIREMENT PLAN

2022: INRCORE, LLC RETIREMENT 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 – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: INRCORE, LLC RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

94403

Policy instance

Insurance contract or identification number	94403
Number of Individuals Covered	483
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $10,895
Total amount of fees paid to insurance company	USD $975
Commission paid to Insurance Broker	USD $10,895
Amount paid for insurance broker fees	975
Insurance broker organization code?	5

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

94403

Policy instance

Insurance contract or identification number	94403
Number of Individuals Covered	290
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $27,265
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	27265
Additional information about fees paid to insurance broker	TPA FORUM COMPENSATION NOT PAID FROM CONTRACT
Insurance broker organization code?	5

Potentially related plans

INRCORE, LLC 401(K) PLAN [EIN = 843716747]

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Company Name:	INRCORE, LLC
Employer identification number (EIN):	824563386
NAIC Classification:	335900