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OUR BAR INC 401(K) PLAN 401k Plan overview

Plan NameOUR BAR INC 401(K) PLAN
Plan identification number 001

OUR BAR INC 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.

401k Sponsoring company profile

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

Company Name:OUR BAR INC
Employer identification number (EIN):922866088
NAIC Classification:722410
NAIC Description:Drinking Places (Alcoholic Beverages)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OUR BAR INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-07-01
0012023-03-03

Plan Statistics for OUR BAR INC 401(K) PLAN

401k plan membership statisitcs for OUR BAR INC 401(K) PLAN

Measure Date Value
2023: OUR BAR INC 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-07-011
Total number of active participants reported on line 7a of the Form 55002023-07-016
Number of retired or separated participants receiving benefits2023-07-010
Number of other retired or separated participants entitled to future benefits2023-07-010
Total of all active and inactive participants2023-07-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-07-010
Total participants2023-07-016
Number of participants with account balances2023-07-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-07-010
Total participants, beginning-of-year2023-03-030
Total number of active participants reported on line 7a of the Form 55002023-03-031
Number of retired or separated participants receiving benefits2023-03-030
Number of other retired or separated participants entitled to future benefits2023-03-030
Total of all active and inactive participants2023-03-031
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-03-030
Total participants2023-03-031
Number of participants with account balances2023-03-031
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-03-030

Financial Data on OUR BAR INC 401(K) PLAN

Measure Date Value
2024 : OUR BAR INC 401(K) PLAN 2024 401k financial data
Transfers to/from the plan2024-06-30$0
Total plan liabilities at beginning of year2024-06-30$0
Total income from all sources2024-06-30$-85,354
Expenses. Total of all expenses incurred2024-06-30$0
Benefits paid (including direct rollovers)2024-06-30$0
Total plan assets at end of year2024-06-30$312,665
Total plan assets at beginning of year2024-06-30$398,019
Value of fidelity bond covering the plan2024-06-30$250,000
Total contributions received or receivable from participants2024-06-30$0
Expenses. Other expenses not covered elsewhere2024-06-30$0
Contributions received from other sources (not participants or employers)2024-06-30$0
Other income received2024-06-30$-85,354
Noncash contributions received2024-06-30$0
Net income (gross income less expenses)2024-06-30$-85,354
Net plan assets at end of year (total assets less liabilities)2024-06-30$312,665
Net plan assets at beginning of year (total assets less liabilities)2024-06-30$398,019
Assets. Value of employer securities2024-06-30$311,682
Total contributions received or receivable from employer(s)2024-06-30$0
Value of certain deemed distributions of participant loans2024-06-30$0
Value of corrective distributions2024-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2024-06-30$0
2023 : OUR BAR INC 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-06-30$0
Total plan liabilities at end of year2023-06-30$0
Total plan liabilities at beginning of year2023-06-30$0
Total income from all sources2023-06-30$398,039
Expenses. Total of all expenses incurred2023-06-30$20
Benefits paid (including direct rollovers)2023-06-30$0
Total plan assets at end of year2023-06-30$398,019
Total plan assets at beginning of year2023-06-30$0
Total contributions received or receivable from participants2023-06-30$0
Expenses. Other expenses not covered elsewhere2023-06-30$20
Contributions received from other sources (not participants or employers)2023-06-30$420,000
Other income received2023-06-30$-21,961
Noncash contributions received2023-06-30$0
Net income (gross income less expenses)2023-06-30$398,019
Net plan assets at end of year (total assets less liabilities)2023-06-30$398,019
Net plan assets at beginning of year (total assets less liabilities)2023-06-30$0
Assets. Value of employer securities2023-06-30$397,036
Total contributions received or receivable from employer(s)2023-06-30$0
Value of certain deemed distributions of participant loans2023-06-30$0
Value of corrective distributions2023-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-06-30$0

Form 5500 Responses for OUR BAR INC 401(K) PLAN

2023: OUR BAR INC 401(K) PLAN 2023 form 5500 responses
2023-07-01Type of plan entitySingle employer plan
2023-07-01Submission has been amendedNo
2023-07-01This submission is the final filingNo
2023-07-01This return/report is a short plan year return/report (less than 12 months)No
2023-07-01Plan is a collectively bargained planNo
2023-07-01Plan funding arrangement – TrustYes
2023-07-01Plan benefit arrangement - TrustYes
2023-03-03Type of plan entitySingle employer plan
2023-03-03First time form 5500 has been submittedYes
2023-03-03Submission has been amendedNo
2023-03-03This submission is the final filingNo
2023-03-03This return/report is a short plan year return/report (less than 12 months)Yes
2023-03-03Plan is a collectively bargained planNo
2023-03-03Plan funding arrangement – TrustYes
2023-03-03Plan benefit arrangement - TrustYes

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