Logo

INNOVATIVE CONSTRUCTION CONCEPTS, INC. PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameINNOVATIVE CONSTRUCTION CONCEPTS, INC. PROFIT SHARING PLAN AND TRUST
Plan identification number 001

INNOVATIVE CONSTRUCTION CONCEPTS, INC. PROFIT SHARING PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

INNOVATIVE CONSTRUCTION CONCEPTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:INNOVATIVE CONSTRUCTION CONCEPTS, INC.
Employer identification number (EIN):352159221
NAIC Classification:238100

Additional information about INNOVATIVE CONSTRUCTION CONCEPTS, INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 2002-02-06
Company Identification Number: 0571550
Legal Registered Office Address: PO BOX 561

PALMYRA
United States of America (USA)
22963

More information about INNOVATIVE CONSTRUCTION CONCEPTS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INNOVATIVE CONSTRUCTION CONCEPTS, INC. PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LISA M SCHERER2024-07-03
0012022-01-01LISA SCHERER2023-08-01
0012021-01-01LISA SCHERER2022-06-16
0012020-01-01LISA SCHERER2021-05-18
0012019-01-01LISA SCHERER2020-04-24
0012018-01-01
0012017-01-01
0012016-01-01LISA SCHERER2017-02-10 LISA SCHERER2017-02-10
0012015-01-01LISA SCHERER2016-09-27
0012014-01-01WILLIAM SCHERER2015-08-24
0012013-01-01WILLIAM SCHERER2014-06-04
0012012-01-01WILLIAM SCHERER2013-09-25
0012011-01-01WILLIAM SCHERER2012-08-07
0012010-01-01WILLIAM SCHERER2011-05-17

Financial Data on INNOVATIVE CONSTRUCTION CONCEPTS, INC. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2025 : INNOVATIVE CONSTRUCTION CONCEPTS, INC. PROFIT SHARING PLAN AND TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-058405
Net assets as of the end of the plan year2025-06-05481516
Total assets as of the beginning of the plan year2025-06-05415959
Value of plan covered by a fidelity bond2025-06-05500000
Participant contributions to plan in this plan year2025-06-0527656
Value of participant loans at end of plan year2025-06-050
Other contributions to plan in this plan year2025-06-050
Other income to plan in this plan year2025-06-0534470
Plan net income in this plan year2025-06-0565557
Net assets as of the end of the plan year2025-06-05481516
Net assets as of the beginning of the plan year2025-06-05415959
Value of contributions failed to transmitted timely2025-06-050
Employer contributions to plan in this plan year2025-06-0511836
Fees paid to broker by Benefit Provider2025-06-053855
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-050
2024 : INNOVATIVE CONSTRUCTION CONCEPTS, INC. PROFIT SHARING PLAN AND TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-0351273
Net assets as of the end of the plan year2024-07-03415959
Total assets as of the beginning of the plan year2024-07-03385796
Value of plan covered by a fidelity bond2024-07-0350000
Participant contributions to plan in this plan year2024-07-0325374
Other contributions to plan in this plan year2024-07-030
Other income to plan in this plan year2024-07-0345737
Plan net income in this plan year2024-07-0330163
Net assets as of the end of the plan year2024-07-03415959
Net assets as of the beginning of the plan year2024-07-03385796
Employer contributions to plan in this plan year2024-07-0310325
Fees paid to broker by Benefit Provider2024-07-033556
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-037604
2022 : INNOVATIVE CONSTRUCTION CONCEPTS, INC. PROFIT SHARING PLAN AND TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-1654084
Net assets as of the end of the plan year2022-06-16498489
Total assets as of the beginning of the plan year2022-06-16464676
Value of plan covered by a fidelity bond2022-06-1650000
Participant contributions to plan in this plan year2022-06-1623721
Other contributions to plan in this plan year2022-06-16872
Other income to plan in this plan year2022-06-1654788
Plan net income in this plan year2022-06-1633813
Net assets as of the end of the plan year2022-06-16498489
Net assets as of the beginning of the plan year2022-06-16464676
Employer contributions to plan in this plan year2022-06-168516
Fees paid to broker by Benefit Provider2022-06-164418
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-169547

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1