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L & L 401(K) PLAN 401k Plan overview

Plan NameL & L 401(K) PLAN
Plan identification number 001

L & L 401(K) PLAN 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.
  • 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.
  • 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

FLIGG HOLDING COMPANY D/B/A L&L INSULATION & SUPPLY, CO. has sponsored the creation of one or more 401k plans.

Company Name:FLIGG HOLDING COMPANY D/B/A L&L INSULATION & SUPPLY, CO.
Employer identification number (EIN):421321582
NAIC Classification:238300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan L & L 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-04-01JOE M. FARNEN JR.2024-10-23 JOE M. FARNEN JR.2024-10-23
0012022-04-01JOE M. FARNEN JR.2023-10-24 JOE M. FARNEN JR.2023-10-24
0012021-04-01JOE M. FARNEN JR.2022-10-26
0012020-04-01JOE M. FARNEN JR.2021-10-27 JOE M. FARNEN JR.2021-10-27
0012019-04-01JOE M. FARNEN JR.2020-10-23 JOE M. FARNEN JR.2020-10-23
0012018-04-01JOE M. FARNEN JR.2019-10-25 JOE M. FARNEN JR.2019-10-25
0012017-04-01JOE M. FARNEN JR.2018-08-23
0012016-04-01JOE M. FARNEN JR.2017-09-15
0012015-04-01JOE M. FARNEN JR.2017-01-03
0012013-04-01JOE M. FARNEN JR.2015-01-06
0012012-04-01JOE M. FARNEN JR.2014-01-13
0012011-04-01JOSEPH FARNEN JR2012-10-18 JOSEPH FARNEN JR2012-10-18
0012010-04-01JOSEPH M. FARNEN JR.2011-07-06 JOSEPH M. FARNEN JR.2011-07-06

Plan Statistics for L & L 401(K) PLAN

401k plan membership statisitcs for L & L 401(K) PLAN

Measure Date Value
2025: L & L 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-1047
Total number of particpants at end of year2025-06-1057
Number of Participants With Account Balances2025-06-1057
2024: L & L 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-2341
Total number of particpants at end of year2024-10-2352

Financial Data on L & L 401(K) PLAN

Measure Date Value
2025 : L & L 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-107970
Net assets as of the end of the plan year2025-06-102043282
Total assets as of the beginning of the plan year2025-06-102629788
Value of plan covered by a fidelity bond2025-06-101250000
Participant contributions to plan in this plan year2025-06-10129100
Other income to plan in this plan year2025-06-10-707636
Plan net income in this plan year2025-06-10-586506
Net assets as of the end of the plan year2025-06-102043282
Net assets as of the beginning of the plan year2025-06-102629788
2024 : L & L 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-2361600
Net assets as of the end of the plan year2024-10-232629788
Total assets as of the beginning of the plan year2024-10-232022252
Value of plan covered by a fidelity bond2024-10-231250000
Participant contributions to plan in this plan year2024-10-23144850
Other expenses paid from plan in this plan year2024-10-2319171
Other income to plan in this plan year2024-10-23407145
Plan net income in this plan year2024-10-23607536
Net assets as of the end of the plan year2024-10-232629788
Net assets as of the beginning of the plan year2024-10-232022252
Employer contributions to plan in this plan year2024-10-23117141

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