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CYNERGY LOGISTICS 401(K) PLAN 401k Plan overview

Plan NameCYNERGY LOGISTICS 401(K) PLAN
Plan identification number 001

CYNERGY LOGISTICS 401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CYNERGY LOGISTICS has sponsored the creation of one or more 401k plans.

Company Name:CYNERGY LOGISTICS
Employer identification number (EIN):842050405
NAIC Classification:492110
NAIC Description:Couriers and Express Delivery Services

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-07-19

Plan Statistics for CYNERGY LOGISTICS 401(K) PLAN

401k plan membership statisitcs for CYNERGY LOGISTICS 401(K) PLAN

Measure Date Value
2019: CYNERGY LOGISTICS 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-07-190
Total number of active participants reported on line 7a of the Form 55002019-07-191
Number of retired or separated participants receiving benefits2019-07-190
Number of other retired or separated participants entitled to future benefits2019-07-190
Total of all active and inactive participants2019-07-191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-07-190
Total participants2019-07-191
Number of participants with account balances2019-07-191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-07-190

Financial Data on CYNERGY LOGISTICS 401(K) PLAN

Measure Date Value
2019 : CYNERGY LOGISTICS 401(K) PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$129,500
Expenses. Total of all expenses incurred2019-12-31$0
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$129,500
Total plan assets at beginning of year2019-12-31$0
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$100,000
Other income received2019-12-31$29,500
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$129,500
Net plan assets at end of year (total assets less liabilities)2019-12-31$129,500
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Assets. Value of employer securities2019-12-31$129,500
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0

Form 5500 Responses for CYNERGY LOGISTICS 401(K) PLAN

2019: CYNERGY LOGISTICS 401(K) PLAN 2019 form 5500 responses
2019-07-19Type of plan entitySingle employer plan
2019-07-19First time form 5500 has been submittedYes
2019-07-19Submission has been amendedNo
2019-07-19This submission is the final filingNo
2019-07-19This return/report is a short plan year return/report (less than 12 months)Yes
2019-07-19Plan is a collectively bargained planNo
2019-07-19Plan funding arrangement – TrustYes
2019-07-19Plan benefit arrangement - TrustYes

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