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INFINITY COMMUNICATIONS 401(K) PLAN 401k Plan overview

Plan NameINFINITY COMMUNICATIONS 401(K) PLAN
Plan identification number 001

INFINITY COMMUNICATIONS 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

INFINITY COMMUNICATIONS, LLC has sponsored the creation of one or more 401k plans.

Company Name:INFINITY COMMUNICATIONS, LLC
Employer identification number (EIN):455449078
NAIC Classification:811210
NAIC Description: Electronic and Precision Equipment Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INFINITY COMMUNICATIONS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01JEFF COFFEY
0012023-01-01
0012023-01-01
0012023-01-01JEFF COFFEY
0012023-01-01JEFF COFFEY
0012022-01-01
0012022-01-01JEFF COFFEY
0012021-01-01JEFF COFFEY2022-08-25
0012020-01-01JEFF COFFEY2021-05-04
0012020-01-01JEFF COFFEY2022-08-24
0012019-01-01JEFF COFFEY2020-10-06
0012018-01-01JEFF COFFEY2019-09-12
0012017-01-01JEFF COFFEY2018-10-15

Financial Data on INFINITY COMMUNICATIONS 401(K) PLAN

Measure Date Value
2023 : INFINITY COMMUNICATIONS 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$1,275,187
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$89,525
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$89,525
Expenses. Certain deemed distributions of participant loans2023-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$860,716
Value of total assets at end of year2023-12-31$3,453,939
Value of total assets at beginning of year2023-12-31$2,268,277
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$0
Total interest from all sources2023-12-31$2,188
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$412,283
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$412,283
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$180,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$553,777
Participant contributions at end of year2023-12-31$40,288
Participant contributions at beginning of year2023-12-31$44,326
Participant contributions at end of year2023-12-31$20,780
Participant contributions at beginning of year2023-12-31$14,915
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$46
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$1,014
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$794
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Income. Non cash contributions2023-12-31$0
Value of net income/loss2023-12-31$1,185,662
Value of net assets at end of year (total assets less liabilities)2023-12-31$3,453,939
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$2,268,277
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$3,381,692
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$2,197,978
Interest on participant loans2023-12-31$2,188
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$306,893
Employer contributions (assets) at end of year2023-12-31$10,165
Employer contributions (assets) at beginning of year2023-12-31$10,264
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$89,525
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31PATTILLO, BROWN & HILL, LLP
Accountancy firm EIN2023-12-31741130599
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$1,275,187
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$89,525
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$89,525
Expenses. Certain deemed distributions of participant loans2023-01-01$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$860,716
Value of total assets at end of year2023-01-01$3,453,939
Value of total assets at beginning of year2023-01-01$2,268,277
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$0
Total interest from all sources2023-01-01$2,188
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$412,283
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$412,283
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$180,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$553,777
Participant contributions at end of year2023-01-01$40,288
Participant contributions at beginning of year2023-01-01$44,326
Participant contributions at end of year2023-01-01$20,780
Participant contributions at beginning of year2023-01-01$14,915
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$46
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-01-01$1,014
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-01$794
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Income. Non cash contributions2023-01-01$0
Value of net income/loss2023-01-01$1,185,662
Value of net assets at end of year (total assets less liabilities)2023-01-01$3,453,939
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$2,268,277
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$3,381,692
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$2,197,978
Interest on participant loans2023-01-01$2,188
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$306,893
Employer contributions (assets) at end of year2023-01-01$10,165
Employer contributions (assets) at beginning of year2023-01-01$10,264
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$89,525
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01PATTILLO, BROWN & HILL, LLP
Accountancy firm EIN2023-01-01741130599
2022 : INFINITY COMMUNICATIONS 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$595,416
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$63,283
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$63,283
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$915,248
Value of total assets at end of year2022-12-31$2,268,277
Value of total assets at beginning of year2022-12-31$1,736,144
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$0
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$180,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$542,044
Participant contributions at end of year2022-12-31$44,326
Participant contributions at beginning of year2022-12-31$47,127
Participant contributions at end of year2022-12-31$14,915
Participant contributions at beginning of year2022-12-31$10,354
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$71,484
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$794
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$532,133
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,268,277
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$1,736,144
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$2,197,978
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$1,678,663
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-319,832
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$301,720
Employer contributions (assets) at end of year2022-12-31$10,264
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$63,283
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$445,739
Aggregate carrying amount (costs) on sale of assets2022-12-31$445,739
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PATTILLO, BROWN & HILL, LLP
Accountancy firm EIN2022-12-31741130599
Total expenses incurred by plan in this plan year2022-08-2516524
Net assets as of the end of the plan year2022-08-251736144
Total assets as of the beginning of the plan year2022-08-25640433
Value of plan covered by a fidelity bond2022-08-2570000
Participant contributions to plan in this plan year2022-08-25554085
Value of participant loans at end of plan year2022-08-2547127
Other contributions to plan in this plan year2022-08-25428027
Other income to plan in this plan year2022-08-25130123
Plan net income in this plan year2022-08-251095711
Net assets as of the end of the plan year2022-08-251736144
Net assets as of the beginning of the plan year2022-08-25640433
Value of contributions failed to transmitted timely2022-08-2510354
Employer contributions to plan in this plan year2022-08-250
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$595,416
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$63,283
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$63,283
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$915,248
Value of total assets at end of year2022-01-01$2,268,277
Value of total assets at beginning of year2022-01-01$1,736,144
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$0
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$180,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$542,044
Participant contributions at end of year2022-01-01$44,326
Participant contributions at beginning of year2022-01-01$47,127
Participant contributions at end of year2022-01-01$14,915
Participant contributions at beginning of year2022-01-01$10,354
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$71,484
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-01-01$794
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$532,133
Value of net assets at end of year (total assets less liabilities)2022-01-01$2,268,277
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$1,736,144
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$2,197,978
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$1,678,663
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-319,832
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$301,720
Employer contributions (assets) at end of year2022-01-01$10,264
Employer contributions (assets) at beginning of year2022-01-01$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$63,283
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Aggregate proceeds on sale of assets2022-01-01$445,739
Aggregate carrying amount (costs) on sale of assets2022-01-01$445,739
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01PATTILLO, BROWN & HILL, LLP
Accountancy firm EIN2022-01-01741130599

Form 5500 Responses for INFINITY COMMUNICATIONS 401(K) PLAN

2023: INFINITY COMMUNICATIONS 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: INFINITY COMMUNICATIONS 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-KG7P
Policy instance 1
Insurance contract or identification numberGAP-CP-KG7P
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $1,191
Total amount of fees paid to insurance companyUSD $12
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-KG7P
Policy instance 1

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