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401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 401k Plan overview

Plan Name401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN
Plan identification number 002

401K SAFE, LLC MULTIPLE EMPLOYER 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.
  • 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.

401k Sponsoring company profile

RAINBOW TECHNOLOGY CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:RAINBOW TECHNOLOGY CORPORATION
Employer identification number (EIN):630726040
NAIC Classification:325300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01JAMES B. SHARP2022-12-20
0022021-01-01JAMES B. SHARP2022-07-18
0022020-01-01JAMES B. SHARP2021-10-14
0022019-01-01JAMES B. SHARP2020-09-26
0022018-01-01JIM SHARP2019-07-24
0022017-01-01LEE LICHTENSTEIN2018-06-06
0022016-01-01LEE LICHTENSTEIN2017-06-02
0022015-01-01LEE LICHTENSTEIN2016-07-29
0022014-01-01LEE LICHTENSTEIN2015-07-27
0022013-01-01LEE LICHTENSTEIN2014-07-07

Plan Statistics for 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN

401k plan membership statisitcs for 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN

Measure Date Value
2022: 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-1839
Total number of particpants at end of year2022-07-1838
Number of Participants With Account Balances2022-07-1827

Financial Data on 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN

Measure Date Value
2022 : 401K SAFE, LLC MULTIPLE EMPLOYER 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-1831330
Net assets as of the end of the plan year2022-07-183576893
Total assets as of the beginning of the plan year2022-07-183243803
Value of plan covered by a fidelity bond2022-07-18358000
Participant contributions to plan in this plan year2022-07-1852758
Value of participant loans at end of plan year2022-07-184839
Other income to plan in this plan year2022-07-18311662
Plan net income in this plan year2022-07-18333090
Net assets as of the end of the plan year2022-07-183576893
Net assets as of the beginning of the plan year2022-07-183243803
Fees paid to broker by Benefit Provider2022-07-185685
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-1817663

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