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COMMUNICATION SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameCOMMUNICATION SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN
Plan identification number 001

COMMUNICATION SOLUTIONS, LLC 401(K) 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

COMMUNICATION SOLUTIONS, LLC has sponsored the creation of one or more 401k plans.

Company Name:COMMUNICATION SOLUTIONS, LLC
Employer identification number (EIN):760834108
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNICATION SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01PETER EDWARDS2024-06-25
0012022-01-01
0012022-01-01PETER EDWARDS

Financial Data on COMMUNICATION SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : COMMUNICATION SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-03483654
Net assets as of the end of the plan year2025-06-034461051
Total assets as of the beginning of the plan year2025-06-034066777
Value of plan covered by a fidelity bond2025-06-03407000
Participant contributions to plan in this plan year2025-06-03219670
Other contributions to plan in this plan year2025-06-0328583
Other income to plan in this plan year2025-06-03510881
Plan net income in this plan year2025-06-03394274
Net assets as of the end of the plan year2025-06-034461051
Net assets as of the beginning of the plan year2025-06-034066777
Employer contributions to plan in this plan year2025-06-03118794
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-036475
2024 : COMMUNICATION SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-25391597
Net assets as of the end of the plan year2024-06-254066777
Total assets as of the beginning of the plan year2024-06-253548309
Value of plan covered by a fidelity bond2024-06-25355000
Participant contributions to plan in this plan year2024-06-25200867
Other income to plan in this plan year2024-06-25591154
Plan net income in this plan year2024-06-25518468
Net assets as of the end of the plan year2024-06-254066777
Net assets as of the beginning of the plan year2024-06-253548309
Employer contributions to plan in this plan year2024-06-25118044
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-257660
2022 : COMMUNICATION SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets from this plan2022-12-31$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$73
Total income from all sources (including contributions)2022-12-31$-499,424
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$770,017
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$764,070
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$346,984
Value of total assets at end of year2022-12-31$3,548,309
Value of total assets at beginning of year2022-12-31$4,817,823
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$5,947
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$187,571
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$187,283
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$482,000
If this is an individual account plan, was there a blackout period2022-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$215,657
Participant contributions at end of year2022-12-31$7,337
Participant contributions at beginning of year2022-12-31$783
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$73
Other income not declared elsewhere2022-12-31$546
Administrative expenses (other) incurred2022-12-31$5,947
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,269,441
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,548,309
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$4,817,750
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$3,536,863
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$4,817,040
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,034,525
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$131,327
Employer contributions (assets) at end of year2022-12-31$4,109
Income. Dividends from common stock2022-12-31$288
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$764,070
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31Yes
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
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PRIORITY TAX SOLUTIONS
Accountancy firm EIN2022-12-31271314261
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total transfer of assets from this plan2022-01-01$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$73
Total income from all sources (including contributions)2022-01-01$-499,424
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$770,017
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$764,070
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$346,984
Value of total assets at end of year2022-01-01$3,548,309
Value of total assets at beginning of year2022-01-01$4,817,823
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$5,947
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$187,571
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$187,283
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$482,000
If this is an individual account plan, was there a blackout period2022-01-01Yes
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$215,657
Participant contributions at end of year2022-01-01$7,337
Participant contributions at beginning of year2022-01-01$783
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-01-01$73
Other income not declared elsewhere2022-01-01$546
Administrative expenses (other) incurred2022-01-01$5,947
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-1,269,441
Value of net assets at end of year (total assets less liabilities)2022-01-01$3,548,309
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$4,817,750
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$3,536,863
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$4,817,040
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-1,034,525
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$131,327
Employer contributions (assets) at end of year2022-01-01$4,109
Income. Dividends from common stock2022-01-01$288
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$764,070
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-01-01Yes
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
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01PRIORITY TAX SOLUTIONS
Accountancy firm EIN2022-01-01271314261

Form 5500 Responses for COMMUNICATION SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN

2022: COMMUNICATION SOLUTIONS, LLC 401(K) PROFIT SHARING 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

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