Plan Name | LOOKOUT MAGNOLIA INC. RETIREMENT PLAN |
Plan identification number | 001 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
|
Company Name: | LOOKOUT MAGNOLIA INC. |
Employer identification number (EIN): | 934630153 |
NAIC Classification: | 562000 |
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2023-12-08 |
Measure | Date | Value |
---|---|---|
2023: LOOKOUT MAGNOLIA INC. RETIREMENT PLAN 2023 401k membership | ||
Total participants, beginning-of-year | 2023-12-08 | 1 |
Total number of active participants reported on line 7a of the Form 5500 | 2023-12-08 | 1 |
Number of retired or separated participants receiving benefits | 2023-12-08 | 0 |
Number of other retired or separated participants entitled to future benefits | 2023-12-08 | 0 |
Total of all active and inactive participants | 2023-12-08 | 1 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2023-12-08 | 0 |
Total participants | 2023-12-08 | 1 |
Number of participants with account balances | 2023-12-08 | 1 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2023-12-08 | 0 |
Measure | Date | Value |
---|---|---|
2023 : LOOKOUT MAGNOLIA INC. RETIREMENT PLAN 2023 401k financial data | ||
Total income from all sources | 2023-12-31 | $307,154 |
Expenses. Total of all expenses incurred | 2023-12-31 | $15 |
Total plan assets at end of year | 2023-12-31 | $307,139 |
Total plan assets at beginning of year | 2023-12-31 | $0 |
Value of fidelity bond covering the plan | 2023-12-31 | $50,000 |
Contributions received from other sources (not participants or employers) | 2023-12-31 | $307,028 |
Other income received | 2023-12-31 | $126 |
Net income (gross income less expenses) | 2023-12-31 | $307,139 |
Net plan assets at end of year (total assets less liabilities) | 2023-12-31 | $307,139 |
Net plan assets at beginning of year (total assets less liabilities) | 2023-12-31 | $0 |
Assets. Value of employer securities | 2023-12-31 | $307,013 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2023-12-31 | $15 |
2023: LOOKOUT MAGNOLIA INC. RETIREMENT PLAN 2023 form 5500 responses | ||
---|---|---|
2023-12-08 | Type of plan entity | Single employer plan |
2023-12-08 | First time form 5500 has been submitted | Yes |
2023-12-08 | Submission has been amended | No |
2023-12-08 | This submission is the final filing | No |
2023-12-08 | This return/report is a short plan year return/report (less than 12 months) | Yes |
2023-12-08 | Plan is a collectively bargained plan | No |
2023-12-08 | Plan funding arrangement – Trust | Yes |
2023-12-08 | Plan benefit arrangement - Trust | Yes |