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EMPLOYEE BENEFIT PLAN OF REED NEXT, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF REED NEXT, INC.
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF REED NEXT, INC. 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

REED NEXT INC has sponsored the creation of one or more 401k plans.

Company Name:REED NEXT INC
Employer identification number (EIN):814163174
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF REED NEXT, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHANTELLE WALKER2024-07-30
0012022-01-01CHANTELLE WALKER2023-06-19
0012021-01-01CHANTELLE WALKER2022-06-09
0012020-07-01CHANTELLE WALKER2021-10-15

Financial Data on EMPLOYEE BENEFIT PLAN OF REED NEXT, INC.

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF REED NEXT, INC. 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-020
Net assets as of the end of the plan year2025-06-02325871
Total assets as of the beginning of the plan year2025-06-02220041
Value of plan covered by a fidelity bond2025-06-0235000
Participant contributions to plan in this plan year2025-06-0253866
Other income to plan in this plan year2025-06-0235657
Plan net income in this plan year2025-06-02105830
Net assets as of the end of the plan year2025-06-02325871
Net assets as of the beginning of the plan year2025-06-02220041
Employer contributions to plan in this plan year2025-06-0216307
2024 : EMPLOYEE BENEFIT PLAN OF REED NEXT, INC. 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-3011246
Net assets as of the end of the plan year2024-07-30220041
Total assets as of the beginning of the plan year2024-07-30134767
Value of plan covered by a fidelity bond2024-07-30150000
Participant contributions to plan in this plan year2024-07-3049797
Other income to plan in this plan year2024-07-3032355
Plan net income in this plan year2024-07-3085274
Net assets as of the end of the plan year2024-07-30220041
Net assets as of the beginning of the plan year2024-07-30134767
Employer contributions to plan in this plan year2024-07-3014368
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-30150
2022 : EMPLOYEE BENEFIT PLAN OF REED NEXT, INC. 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-0965131
Total expenses incurred by plan in this plan year2022-06-0927
Net assets as of the end of the plan year2022-06-0996908
Total assets as of the beginning of the plan year2022-06-091153
Participant contributions to plan in this plan year2022-06-0922507
Other income to plan in this plan year2022-06-09844
Plan net income in this plan year2022-06-0930624
Net assets as of the end of the plan year2022-06-0996908
Net assets as of the beginning of the plan year2022-06-091153
Employer contributions to plan in this plan year2022-06-097300
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-0927

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