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REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameREVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

REVISION COLLECTIVE, INC. has sponsored the creation of one or more 401k plans.

Company Name:REVISION COLLECTIVE, INC.
Employer identification number (EIN):884112701
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01

Plan Statistics for REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0197
Total number of active participants reported on line 7a of the Form 55002023-01-0194
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0112
Total of all active and inactive participants2023-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01106
Number of participants with account balances2023-01-0194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0110
2022: REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0192
Total number of active participants reported on line 7a of the Form 55002022-01-0177
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-018
Total of all active and inactive participants2022-01-0185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0185
Number of participants with account balances2022-01-0174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-019

Financial Data on REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$1,935,999
Total plan liabilities at beginning of year2023-12-31$2,317,697
Total income from all sources2023-12-31$2,517,000
Expenses. Total of all expenses incurred2023-12-31$104,513
Benefits paid (including direct rollovers)2023-12-31$35,616
Total plan assets at end of year2023-12-31$4,659,752
Total plan assets at beginning of year2023-12-31$2,628,963
Value of fidelity bond covering the plan2023-12-31$500,000
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$68,347
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$2,057,000
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$2,412,487
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,723,753
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$311,266
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2023-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2023-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022023-12-31$0
Assets. Value of employer securities2023-12-31$4,657,000
Total contributions received or receivable from employer(s)2023-12-31$460,000
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$550
2022 : REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$2,317,697
Total plan liabilities at beginning of year2022-12-31$2,639,759
Total income from all sources2022-12-31$813,000
Expenses. Total of all expenses incurred2022-12-31$127,869
Benefits paid (including direct rollovers)2022-12-31$32,723
Total plan assets at end of year2022-12-31$2,628,963
Total plan assets at beginning of year2022-12-31$2,265,894
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$78,046
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$378,000
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$685,131
Net plan assets at end of year (total assets less liabilities)2022-12-31$311,266
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$-373,865
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2022-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2022-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$0
Assets. Value of employer securities2022-12-31$2,600,000
Total contributions received or receivable from employer(s)2022-12-31$435,000
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$17,100

Form 5500 Responses for REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2023: REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
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: REVISION COLLECTIVE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

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