401k Plan data: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN plan

CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 401k Plan overview

Plan Name	CITY OF PALMS CLEANING, INC. RETIREMENT PLAN
Plan identification number	001

CITY OF PALMS CLEANING, INC. RETIREMENT 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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CITY OF PALMS CLEANING, INC. has sponsored the creation of one or more 401k plans.

Company Name: CITY OF PALMS CLEANING, INC.

Employer identification number (EIN): 475654416

NAIC Classification: 561740
NAIC Description: Carpet and Upholstery Cleaning Services

Additional information about CITY OF PALMS CLEANING, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 2015-11-17

Company Identification Number: P15000093914

Legal Registered Office Address: 2627 CASIBARI COURT

CAPE CORAL

33991

More information about CITY OF PALMS CLEANING, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITY OF PALMS CLEANING, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 SHAWN R. STELMAK
001 2016-01-01 SHAWN R. STELMAK
001 2015-11-20 SHAWN R. STELMAK

Plan Statistics for CITY OF PALMS CLEANING, INC. RETIREMENT PLAN

401k plan membership statisitcs for CITY OF PALMS CLEANING, INC. RETIREMENT PLAN

Measure Date Value
2022: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 4
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 4
Number of participants with account balances 2022-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 4
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 1
Total of all active and inactive participants 2021-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 5
Number of participants with account balances 2021-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 4
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 1
Total of all active and inactive participants 2020-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 5
Number of participants with account balances 2020-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 1
2019: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 4
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 4
Number of participants with account balances 2019-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 4
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 4
Number of participants with account balances 2018-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 4
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 4
Number of participants with account balances 2017-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 1
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 1
Number of participants with account balances 2016-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-11-20 1
Total number of active participants reported on line 7a of the Form 5500 2015-11-20 1
Number of retired or separated participants receiving benefits 2015-11-20 0
Number of other retired or separated participants entitled to future benefits 2015-11-20 0
Total of all active and inactive participants 2015-11-20 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-11-20 0
Total participants 2015-11-20 1
Number of participants with account balances 2015-11-20 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-11-20 0

Measure	Date	Value
2022: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	4
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	4
Number of participants with account balances	2022-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	4
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	1
Total of all active and inactive participants	2021-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	5
Number of participants with account balances	2021-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	4
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	1
Total of all active and inactive participants	2020-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	5
Number of participants with account balances	2020-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	1
2019: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	4
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	4
Number of participants with account balances	2019-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	4
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	4
Number of participants with account balances	2018-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	4
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	4
Number of participants with account balances	2017-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	1
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	1
Number of participants with account balances	2016-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-11-20	1
Total number of active participants reported on line 7a of the Form 5500	2015-11-20	1
Number of retired or separated participants receiving benefits	2015-11-20	0
Number of other retired or separated participants entitled to future benefits	2015-11-20	0
Total of all active and inactive participants	2015-11-20	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-11-20	0
Total participants	2015-11-20	1
Number of participants with account balances	2015-11-20	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-11-20	0

Financial Data on CITY OF PALMS CLEANING, INC. RETIREMENT PLAN

Measure	Date	Value
2022 : CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$143,006
Expenses. Total of all expenses incurred	2022-12-31	$443
Benefits paid (including direct rollovers)	2022-12-31	$443
Total plan assets at end of year	2022-12-31	$166,399
Total plan assets at beginning of year	2022-12-31	$23,836
Value of fidelity bond covering the plan	2022-12-31	$1,000,000
Other income received	2022-12-31	$142,359
Net income (gross income less expenses)	2022-12-31	$142,563
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$166,399
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$23,836
Assets. Value of employer securities	2022-12-31	$165,000
Total contributions received or receivable from employer(s)	2022-12-31	$647
2021 : CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$-206,675
Expenses. Total of all expenses incurred	2021-12-31	$0
Total plan assets at end of year	2021-12-31	$23,836
Total plan assets at beginning of year	2021-12-31	$230,511
Value of fidelity bond covering the plan	2021-12-31	$1,000,000
Other income received	2021-12-31	$-207,388
Net income (gross income less expenses)	2021-12-31	$-206,675
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$23,836
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$230,511
Assets. Value of employer securities	2021-12-31	$22,500
Total contributions received or receivable from employer(s)	2021-12-31	$713
2020 : CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$-148,081
Expenses. Total of all expenses incurred	2020-12-31	$0
Total plan assets at end of year	2020-12-31	$230,511
Total plan assets at beginning of year	2020-12-31	$378,592
Value of fidelity bond covering the plan	2020-12-31	$38,000
Other income received	2020-12-31	$-148,565
Net income (gross income less expenses)	2020-12-31	$-148,081
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$230,511
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$378,592
Assets. Value of employer securities	2020-12-31	$230,000
Total contributions received or receivable from employer(s)	2020-12-31	$484
2019 : CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$-48,992
Expenses. Total of all expenses incurred	2019-12-31	$0
Total plan assets at end of year	2019-12-31	$378,592
Total plan assets at beginning of year	2019-12-31	$427,584
Other income received	2019-12-31	$-48,992
Net income (gross income less expenses)	2019-12-31	$-48,992
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$378,592
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$427,584
Assets. Value of employer securities	2019-12-31	$378,592
2018 : CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$367,584
Expenses. Total of all expenses incurred	2018-12-31	$0
Benefits paid (including direct rollovers)	2018-12-31	$0
Total plan assets at end of year	2018-12-31	$427,584
Total plan assets at beginning of year	2018-12-31	$60,000
Total contributions received or receivable from participants	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$367,584
Net income (gross income less expenses)	2018-12-31	$367,584
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$427,584
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$60,000
Assets. Value of employer securities	2018-12-31	$427,584
Total contributions received or receivable from employer(s)	2018-12-31	$0
Value of certain deemed distributions of participant loans	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$0
2017 : CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$22,318
Total plan assets at end of year	2017-12-31	$60,000
Total plan assets at beginning of year	2017-12-31	$37,682
Other income received	2017-12-31	$22,318
Net income (gross income less expenses)	2017-12-31	$22,318
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$60,000
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$37,682
Assets. Value of employer securities	2017-12-31	$60,000
2016 : CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$37,792
Expenses. Total of all expenses incurred	2016-12-31	$110
Benefits paid (including direct rollovers)	2016-12-31	$0
Total plan assets at end of year	2016-12-31	$37,682
Total plan assets at beginning of year	2016-12-31	$0
Total contributions received or receivable from participants	2016-12-31	$0
Contributions received from other sources (not participants or employers)	2016-12-31	$149,647
Other income received	2016-12-31	$-111,855
Net income (gross income less expenses)	2016-12-31	$37,682
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$37,682
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$0
Assets. Value of employer securities	2016-12-31	$37,682
Total contributions received or receivable from employer(s)	2016-12-31	$0
Value of certain deemed distributions of participant loans	2016-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$110
2015 : CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$0
Expenses. Total of all expenses incurred	2015-12-31	$0
Benefits paid (including direct rollovers)	2015-12-31	$0
Total plan assets at end of year	2015-12-31	$0
Total plan assets at beginning of year	2015-12-31	$0
Total contributions received or receivable from participants	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$0
Other income received	2015-12-31	$0
Net income (gross income less expenses)	2015-12-31	$0
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$0
Total contributions received or receivable from employer(s)	2015-12-31	$0
Value of certain deemed distributions of participant loans	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$0

Form 5500 Responses for CITY OF PALMS CLEANING, INC. RETIREMENT PLAN

2022: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: CITY OF PALMS CLEANING, INC. RETIREMENT 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	No
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: CITY OF PALMS CLEANING, INC. RETIREMENT 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: CITY OF PALMS CLEANING, INC. RETIREMENT 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 – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: CITY OF PALMS CLEANING, INC. RETIREMENT PLAN 2015 form 5500 responses
2015-11-20	Type of plan entity	Single employer plan
2015-11-20	First time form 5500 has been submitted	Yes
2015-11-20	This return/report is a short plan year return/report (less than 12 months)	Yes
2015-11-20	Plan funding arrangement – Trust	Yes
2015-11-20	Plan benefit arrangement - Trust	Yes

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Company Name:	CITY OF PALMS CLEANING, INC.
Employer identification number (EIN):	475654416
NAIC Classification:	561740
NAIC Description:	Carpet and Upholstery Cleaning Services

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	2015-11-17
Company Identification Number:	P15000093914
Legal Registered Office Address:	2627 CASIBARI COURT CAPE CORAL 33991