401k Plan data: HILCO INC. 401(K) PLAN plan

HILCO INC. 401(K) PLAN 401k Plan overview

Plan Name	HILCO INC. 401(K) PLAN
Plan identification number	001

HILCO INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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

HILCO INC. has sponsored the creation of one or more 401k plans.

Company Name: HILCO INC.

Employer identification number (EIN): 851413809

NAIC Classification: 721191
NAIC Description: Bed-and-Breakfast Inns

Additional information about HILCO INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 2021-07-15

Company Identification Number: P21000065119

Legal Registered Office Address: 200 E. PALMETTO PARK ROAD, STE. 103

BOCA RATON

33432

More information about HILCO INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HILCO INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-06-02

Plan Statistics for HILCO INC. 401(K) PLAN

401k plan membership statisitcs for HILCO INC. 401(K) PLAN

Measure Date Value
2023: HILCO INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 9
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 6
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 0
Total of all active and inactive participants 2023-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 6
Number of participants with account balances 2023-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: HILCO INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 8
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 8
Number of retired or separated participants receiving benefits 2022-01-01 0
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 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 8
Number of participants with account balances 2022-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: HILCO INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 8
Number of retired or separated participants receiving benefits 2021-01-01 0
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 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 8
Number of participants with account balances 2021-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: HILCO INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-06-02 0
Total number of active participants reported on line 7a of the Form 5500 2020-06-02 2
Number of retired or separated participants receiving benefits 2020-06-02 0
Number of other retired or separated participants entitled to future benefits 2020-06-02 0
Total of all active and inactive participants 2020-06-02 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-06-02 0
Total participants 2020-06-02 2
Number of participants with account balances 2020-06-02 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-06-02 0

Measure	Date	Value
2023: HILCO INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	9
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	6
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	0
Total of all active and inactive participants	2023-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	6
Number of participants with account balances	2023-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: HILCO INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	8
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	8
Number of retired or separated participants receiving benefits	2022-01-01	0
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	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	8
Number of participants with account balances	2022-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: HILCO INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	8
Number of retired or separated participants receiving benefits	2021-01-01	0
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	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	8
Number of participants with account balances	2021-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: HILCO INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-06-02	0
Total number of active participants reported on line 7a of the Form 5500	2020-06-02	2
Number of retired or separated participants receiving benefits	2020-06-02	0
Number of other retired or separated participants entitled to future benefits	2020-06-02	0
Total of all active and inactive participants	2020-06-02	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-06-02	0
Total participants	2020-06-02	2
Number of participants with account balances	2020-06-02	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-06-02	0

Financial Data on HILCO INC. 401(K) PLAN

Measure	Date	Value
2023 : HILCO INC. 401(K) PLAN 2023 401k financial data
Transfers to/from the plan	2023-12-31	$0
Total plan liabilities at beginning of year	2023-12-31	$0
Total income from all sources	2023-12-31	$-158,316
Expenses. Total of all expenses incurred	2023-12-31	$0
Benefits paid (including direct rollovers)	2023-12-31	$0
Total plan assets at end of year	2023-12-31	$402,092
Total plan assets at beginning of year	2023-12-31	$560,408
Value of fidelity bond covering the plan	2023-12-31	$225,000
Total contributions received or receivable from participants	2023-12-31	$0
Expenses. Other expenses not covered elsewhere	2023-12-31	$0
Contributions received from other sources (not participants or employers)	2023-12-31	$0
Other income received	2023-12-31	$-158,316
Noncash contributions received	2023-12-31	$0
Net income (gross income less expenses)	2023-12-31	$-158,316
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$402,092
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$560,408
Assets. Value of employer securities	2023-12-31	$402,092
Total contributions received or receivable from employer(s)	2023-12-31	$0
Value of certain deemed distributions of participant loans	2023-12-31	$0
Value of corrective distributions	2023-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$0
2022 : HILCO INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-162,131
Expenses. Total of all expenses incurred	2022-12-31	$0
Benefits paid (including direct rollovers)	2022-12-31	$0
Total plan assets at end of year	2022-12-31	$560,408
Total plan assets at beginning of year	2022-12-31	$722,539
Value of fidelity bond covering the plan	2022-12-31	$225,000
Total contributions received or receivable from participants	2022-12-31	$0
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-162,131
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-162,131
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$560,408
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$722,539
Assets. Value of employer securities	2022-12-31	$560,408
Total contributions received or receivable from employer(s)	2022-12-31	$0
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$0
2021 : HILCO INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$38,259
Expenses. Total of all expenses incurred	2021-12-31	$0
Benefits paid (including direct rollovers)	2021-12-31	$0
Total plan assets at end of year	2021-12-31	$722,539
Total plan assets at beginning of year	2021-12-31	$684,280
Value of fidelity bond covering the plan	2021-12-31	$225,000
Total contributions received or receivable from participants	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$25,740
Other income received	2021-12-31	$12,519
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$38,259
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$722,539
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$684,280
Assets. Value of employer securities	2021-12-31	$722,539
Total contributions received or receivable from employer(s)	2021-12-31	$0
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$0
2020 : HILCO INC. 401(K) PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$684,280
Expenses. Total of all expenses incurred	2020-12-31	$0
Benefits paid (including direct rollovers)	2020-12-31	$0
Total plan assets at end of year	2020-12-31	$684,280
Total plan assets at beginning of year	2020-12-31	$0
Total contributions received or receivable from participants	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$807,105
Other income received	2020-12-31	$-122,825
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$684,280
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$684,280
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$0
Assets. Value of employer securities	2020-12-31	$684,267
Total contributions received or receivable from employer(s)	2020-12-31	$0
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$0

Form 5500 Responses for HILCO INC. 401(K) PLAN

2023: HILCO INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: HILCO INC. 401(K) 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 – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: HILCO INC. 401(K) 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 – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: HILCO INC. 401(K) PLAN 2020 form 5500 responses
2020-06-02	Type of plan entity	Single employer plan
2020-06-02	First time form 5500 has been submitted	Yes
2020-06-02	Submission has been amended	No
2020-06-02	This submission is the final filing	No
2020-06-02	This return/report is a short plan year return/report (less than 12 months)	Yes
2020-06-02	Plan is a collectively bargained plan	No
2020-06-02	Plan funding arrangement – Trust	Yes
2020-06-02	Plan benefit arrangement - Trust	Yes

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Company Name:	HILCO INC.
Employer identification number (EIN):	851413809
NAIC Classification:	721191
NAIC Description:	Bed-and-Breakfast Inns

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	2021-07-15
Company Identification Number:	P21000065119
Legal Registered Office Address:	200 E. PALMETTO PARK ROAD, STE. 103 BOCA RATON 33432