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ARS RECYCLING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameARS RECYCLING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN
Plan identification number 001

ARS RECYCLING SYSTEMS, LLC 401(K) PROFIT SHARING 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

ARS RECYCLING SYSTEMS, LLC has sponsored the creation of one or more 401k plans.

Company Name:ARS RECYCLING SYSTEMS, LLC
Employer identification number (EIN):843869088
NAIC Classification:221300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ARS RECYCLING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ROBERT MCNULTY2024-06-26
0012022-01-01ROBERT MCNULTY2023-07-10
0012021-01-01ROBERT MCNULTY2022-07-11
0012020-01-01KYLE REINKE2021-10-11

Plan Statistics for ARS RECYCLING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for ARS RECYCLING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2020: ARS RECYCLING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0116
Total number of active participants reported on line 7a of the Form 55002020-01-014
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-017
Total of all active and inactive participants2020-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0111
Number of participants with account balances2020-01-0111

Financial Data on ARS RECYCLING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2020 : ARS RECYCLING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources2020-12-31$66,910
Expenses. Total of all expenses incurred2020-12-31$166,330
Benefits paid (including direct rollovers)2020-12-31$165,782
Total plan assets at end of year2020-12-31$227,970
Total plan assets at beginning of year2020-12-31$327,390
Value of fidelity bond covering the plan2020-12-31$50,000
Total contributions received or receivable from participants2020-12-31$47,088
Expenses. Other expenses not covered elsewhere2020-12-31$0
Other income received2020-12-31$13,761
Net income (gross income less expenses)2020-12-31$-99,420
Net plan assets at end of year (total assets less liabilities)2020-12-31$227,970
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$327,390
Total contributions received or receivable from employer(s)2020-12-31$6,061
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$548

Form 5500 Responses for ARS RECYCLING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN

2020: ARS RECYCLING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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