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ISLAND OASIS ARCADE CLUB II, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameISLAND OASIS ARCADE CLUB II, INC. PROFIT SHARING PLAN
Plan identification number 001

ISLAND OASIS ARCADE CLUB II, INC. PROFIT SHARING 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.
  • 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

ISLAND OASIS ARCADE CLUB II, INC. has sponsored the creation of one or more 401k plans.

Company Name:ISLAND OASIS ARCADE CLUB II, INC.
Employer identification number (EIN):454419011
NAIC Classification:713200
NAIC Description: Gambling Industries

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ISLAND OASIS ARCADE CLUB II, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01JOHN EIKANGER JOHN EIKANGER2014-04-28
0012012-01-31JOHN EIKANGER JOHN EIKANGER2013-06-03

Financial Data on ISLAND OASIS ARCADE CLUB II, INC. PROFIT SHARING PLAN

Measure Date Value
2013 : ISLAND OASIS ARCADE CLUB II, INC. PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total income from all sources2013-12-31$-77,931
Expenses. Total of all expenses incurred2013-12-31$0
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$0
Total plan assets at beginning of year2013-12-31$77,931
Total contributions received or receivable from participants2013-12-31$0
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$19,980
Other income received2013-12-31$-97,911
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$-77,931
Net plan assets at end of year (total assets less liabilities)2013-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$77,931
Assets. Value of employer securities2013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
2012 : ISLAND OASIS ARCADE CLUB II, INC. PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total income from all sources2012-12-31$77,951
Expenses. Total of all expenses incurred2012-12-31$20
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$77,931
Total plan assets at beginning of year2012-12-31$0
Value of fidelity bond covering the plan2012-12-31$10,000
Total contributions received or receivable from participants2012-12-31$0
Expenses. Other expenses not covered elsewhere2012-12-31$20
Contributions received from other sources (not participants or employers)2012-12-31$167,055
Other income received2012-12-31$-89,104
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$77,931
Net plan assets at end of year (total assets less liabilities)2012-12-31$77,931
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$0
Assets. Value of employer securities2012-12-31$77,931
Total contributions received or receivable from employer(s)2012-12-31$0
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$0

Form 5500 Responses for ISLAND OASIS ARCADE CLUB II, INC. PROFIT SHARING PLAN

2013: ISLAND OASIS ARCADE CLUB II, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingYes
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: ISLAND OASIS ARCADE CLUB II, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-31Type of plan entitySingle employer plan
2012-01-31First time form 5500 has been submittedYes
2012-01-31Submission has been amendedNo
2012-01-31This submission is the final filingNo
2012-01-31This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-31Plan is a collectively bargained planNo
2012-01-31Plan funding arrangement – TrustYes
2012-01-31Plan benefit arrangement - TrustYes

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