401k Plan data: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN plan

INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 401k Plan overview

Plan Name	INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN
Plan identification number	001

INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
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

INVESTORS' CONSOLIDATED ENTERPRISES, INC. has sponsored the creation of one or more 401k plans.

Company Name: INVESTORS' CONSOLIDATED ENTERPRISES, INC.

Employer identification number (EIN): 412276092

NAIC Classification: 339900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01
001 2021-01-01 DAVID SHAHIN
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 DAVID SHAHIN
001 2016-01-01 DAVID SHAHIN
001 2015-01-01 DAVID SHAHIN
001 2014-01-01 DAVID SHAHIN
001 2013-01-01 DAVID SHAHIN
001 2012-01-01 DAVID SHAHIN
001 2011-01-01 DAVID SHAHIN
001 2009-01-01 DAVID SHAHIN
001 2009-01-01 BRYAN COLLINS

Financial Data on INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN

Measure	Date	Value
2021 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$-2,902,271
Expenses. Total of all expenses incurred	2021-12-31	$453,335
Benefits paid (including direct rollovers)	2021-12-31	$445,940
Total plan assets at end of year	2021-12-31	$0
Total plan assets at beginning of year	2021-12-31	$3,355,606
Value of fidelity bond covering the plan	2021-12-31	$50,000
Total contributions received or receivable from participants	2021-12-31	$387
Other income received	2021-12-31	$-2,902,658
Net income (gross income less expenses)	2021-12-31	$-3,355,606
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,355,606
Assets. Value of participant loans	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$0
Value of certain deemed distributions of participant loans	2021-12-31	$4,556
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$2,839
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$32,496
Expenses. Total of all expenses incurred	2020-12-31	$641
Total plan assets at end of year	2020-12-31	$3,355,606
Total plan assets at beginning of year	2020-12-31	$3,323,751
Value of fidelity bond covering the plan	2020-12-31	$50,000
Total contributions received or receivable from participants	2020-12-31	$2,703
Other income received	2020-12-31	$29,793
Net income (gross income less expenses)	2020-12-31	$31,855
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,355,606
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$3,323,751
Assets. Value of participant loans	2020-12-31	$5,500
Assets. Value of employer securities	2020-12-31	$3,040,942
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$641
2019 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$-249,700
Expenses. Total of all expenses incurred	2019-12-31	$12,070
Benefits paid (including direct rollovers)	2019-12-31	$11,452
Total plan assets at end of year	2019-12-31	$3,323,751
Total plan assets at beginning of year	2019-12-31	$3,585,521
Value of fidelity bond covering the plan	2019-12-31	$50,000
Total contributions received or receivable from participants	2019-12-31	$5,370
Other income received	2019-12-31	$-255,070
Net income (gross income less expenses)	2019-12-31	$-261,770
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$3,323,751
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$3,585,521
Assets. Value of participant loans	2019-12-31	$5,500
Assets. Value of employer securities	2019-12-31	$3,047,807
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$618
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$-370,364
Expenses. Total of all expenses incurred	2018-12-31	$233
Total plan assets at end of year	2018-12-31	$3,585,521
Total plan assets at beginning of year	2018-12-31	$3,956,118
Value of fidelity bond covering the plan	2018-12-31	$50,000
Total contributions received or receivable from participants	2018-12-31	$7,916
Expenses. Other expenses not covered elsewhere	2018-12-31	$233
Other income received	2018-12-31	$-378,280
Net income (gross income less expenses)	2018-12-31	$-370,597
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$3,585,521
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$3,956,118
Assets. Value of employer securities	2018-12-31	$3,352,962
2017 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$32,124
Expenses. Total of all expenses incurred	2017-12-31	$65,295
Benefits paid (including direct rollovers)	2017-12-31	$66,042
Total plan assets at end of year	2017-12-31	$3,956,118
Total plan assets at beginning of year	2017-12-31	$3,989,289
Value of fidelity bond covering the plan	2017-12-31	$50,000
Total contributions received or receivable from participants	2017-12-31	$5,221
Other income received	2017-12-31	$26,903
Net income (gross income less expenses)	2017-12-31	$-33,171
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$3,956,118
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$3,989,289
Assets. Value of employer securities	2017-12-31	$3,687,890
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$-747
2016 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$734,214
Total plan assets at end of year	2016-12-31	$3,989,289
Total plan assets at beginning of year	2016-12-31	$3,255,075
Value of fidelity bond covering the plan	2016-12-31	$50,000
Total contributions received or receivable from participants	2016-12-31	$9,245
Other income received	2016-12-31	$724,969
Net income (gross income less expenses)	2016-12-31	$734,214
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$3,989,289
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$3,255,075
Assets. Value of participant loans	2016-12-31	$797
Assets. Value of employer securities	2016-12-31	$3,699,787
2015 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$2,423,129
Expenses. Total of all expenses incurred	2015-12-31	$21,331
Benefits paid (including direct rollovers)	2015-12-31	$21,331
Total plan assets at end of year	2015-12-31	$3,255,075
Total plan assets at beginning of year	2015-12-31	$853,277
Value of fidelity bond covering the plan	2015-12-31	$50,000
Total contributions received or receivable from participants	2015-12-31	$17,000
Other income received	2015-12-31	$2,406,129
Net income (gross income less expenses)	2015-12-31	$2,401,798
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$3,255,075
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$853,277
Assets. Value of participant loans	2015-12-31	$2,131
Assets. Value of employer securities	2015-12-31	$2,986,499
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total income from all sources	2014-12-31	$80,231
Expenses. Total of all expenses incurred	2014-12-31	$0
Benefits paid (including direct rollovers)	2014-12-31	$0
Total plan assets at end of year	2014-12-31	$853,277
Total plan assets at beginning of year	2014-12-31	$773,046
Value of fidelity bond covering the plan	2014-12-31	$50,000
Total contributions received or receivable from participants	2014-12-31	$19,315
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$0
Other income received	2014-12-31	$60,916
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$80,231
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$853,277
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$773,046
Assets. Value of participant loans	2014-12-31	$2,165
Assets. Value of employer securities	2014-12-31	$576,021
Total contributions received or receivable from employer(s)	2014-12-31	$0
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$0
2013 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$208,132
Expenses. Total of all expenses incurred	2013-12-31	$0
Benefits paid (including direct rollovers)	2013-12-31	$0
Total plan assets at end of year	2013-12-31	$773,046
Total plan assets at beginning of year	2013-12-31	$564,914
Value of fidelity bond covering the plan	2013-12-31	$50,000
Total contributions received or receivable from participants	2013-12-31	$19,001
Contributions received from other sources (not participants or employers)	2013-12-31	$0
Other income received	2013-12-31	$189,131
Net income (gross income less expenses)	2013-12-31	$208,132
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$773,046
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$564,914
Assets. Value of participant loans	2013-12-31	$3,453
Assets. Value of employer securities	2013-12-31	$527,249
Total contributions received or receivable from employer(s)	2013-12-31	$0
Value of certain deemed distributions of participant loans	2013-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$0
2012 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$-9,459
Expenses. Total of all expenses incurred	2012-12-31	$12,766
Benefits paid (including direct rollovers)	2012-12-31	$12,700
Total plan assets at end of year	2012-12-31	$564,914
Total plan assets at beginning of year	2012-12-31	$587,139
Value of fidelity bond covering the plan	2012-12-31	$50,000
Total contributions received or receivable from participants	2012-12-31	$11,201
Contributions received from other sources (not participants or employers)	2012-12-31	$95,287
Other income received	2012-12-31	$-115,947
Net income (gross income less expenses)	2012-12-31	$-22,225
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$564,914
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$587,139
Assets. Value of participant loans	2012-12-31	$4,760
Assets. Value of employer securities	2012-12-31	$356,932
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$66
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$1
2011 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$-28,013
Expenses. Total of all expenses incurred	2011-12-31	$625
Benefits paid (including direct rollovers)	2011-12-31	$82
Total plan assets at end of year	2011-12-31	$587,139
Total plan assets at beginning of year	2011-12-31	$615,777
Value of fidelity bond covering the plan	2011-12-31	$100,000
Total contributions received or receivable from participants	2011-12-31	$15,405
Other income received	2011-12-31	$-43,418
Net income (gross income less expenses)	2011-12-31	$-28,638
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$587,139
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$615,777
Assets. Value of participant loans	2011-12-31	$12,935
Assets. Value of employer securities	2011-12-31	$489,349
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$543
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$1
2010 : INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$-1,649,851
Expenses. Total of all expenses incurred	2010-12-31	$53,581
Benefits paid (including direct rollovers)	2010-12-31	$53,581
Total plan assets at end of year	2010-12-31	$615,777
Total plan assets at beginning of year	2010-12-31	$2,319,209
Value of fidelity bond covering the plan	2010-12-31	$100,000
Total contributions received or receivable from participants	2010-12-31	$13,551
Other income received	2010-12-31	$-1,666,124
Net income (gross income less expenses)	2010-12-31	$-1,703,432
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$615,777
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,319,209
Assets. Value of participant loans	2010-12-31	$19,237
Assets. Value of employer securities	2010-12-31	$531,360
Total contributions received or receivable from employer(s)	2010-12-31	$2,722
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$630

Form 5500 Responses for INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN

2021: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	Yes
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	Yes
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: INVESTORS CONSOLIDATED ENTERPRISES,INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number	518921
Policy instance	1

Potentially related plans

INVESTORS CONSOLIDATED ENTERPRISES, INC. 401(K) PLAN [EIN = 208005347]

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Company Name:	INVESTORS' CONSOLIDATED ENTERPRISES, INC.
Employer identification number (EIN):	412276092
NAIC Classification:	339900

Plan id#	Filing Submission Date	Name of Administrator
001	2021-01-01
001	2021-01-01	DAVID SHAHIN
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01	DAVID SHAHIN
001	2016-01-01	DAVID SHAHIN
001	2015-01-01	DAVID SHAHIN
001	2014-01-01	DAVID SHAHIN
001	2013-01-01	DAVID SHAHIN
001	2012-01-01	DAVID SHAHIN
001	2011-01-01	DAVID SHAHIN
001	2009-01-01	DAVID SHAHIN
001	2009-01-01	BRYAN COLLINS