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NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameNEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

NEXT GEN LEISURE, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEXT GEN LEISURE, INC.
Employer identification number (EIN):881674861
NAIC Classification:713100
NAIC Description: Amusement Parks and Arcades

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-12-06

Plan Statistics for NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2023: NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-013
Total number of active participants reported on line 7a of the Form 55002023-01-013
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-013
Number of participants with account balances2023-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-12-063
Total number of active participants reported on line 7a of the Form 55002022-12-063
Number of retired or separated participants receiving benefits2022-12-060
Number of other retired or separated participants entitled to future benefits2022-12-060
Total of all active and inactive participants2022-12-063
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-12-060
Total participants2022-12-063
Number of participants with account balances2022-12-060
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-12-060

Financial Data on NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2023 : NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN 2023 401k financial data
Total income from all sources2023-12-31$0
Expenses. Total of all expenses incurred2023-12-31$0
Total plan assets at end of year2023-12-31$0
Total plan assets at beginning of year2023-12-31$0
Total contributions received or receivable from participants2023-12-31$0
Other income received2023-12-31$0
Net income (gross income less expenses)2023-12-31$0
Net plan assets at end of year (total assets less liabilities)2023-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$0
2022 : NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources2022-12-31$0
Expenses. Total of all expenses incurred2022-12-31$0
Total plan assets at end of year2022-12-31$0
Net income (gross income less expenses)2022-12-31$0
Net plan assets at end of year (total assets less liabilities)2022-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$0

Form 5500 Responses for NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN

2023: NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: NEXT GEN LEISURE, INC. 401K PROFIT SHARING PLAN 2022 form 5500 responses
2022-12-06Type of plan entitySingle employer plan
2022-12-06First time form 5500 has been submittedYes
2022-12-06Submission has been amendedNo
2022-12-06This submission is the final filingNo
2022-12-06This return/report is a short plan year return/report (less than 12 months)Yes
2022-12-06Plan is a collectively bargained planNo
2022-12-06Plan funding arrangement – TrustYes
2022-12-06Plan benefit arrangement - TrustYes

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