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LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN 401k Plan overview

Plan NameLAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN
Plan identification number 001

LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined 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

LAKE NORMAN DIAMOND VENTURES INC. has sponsored the creation of one or more 401k plans.

Company Name:LAKE NORMAN DIAMOND VENTURES INC.
Employer identification number (EIN):814668211
NAIC Classification:713900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01TIMOTHY SCHULDT
0012016-12-12TIMOTHY SCHULDT

Plan Statistics for LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN

401k plan membership statisitcs for LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN

Measure Date Value
2017: LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-011
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
Number of participants with account balances2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-12-121
Total number of active participants reported on line 7a of the Form 55002016-12-121
Number of retired or separated participants receiving benefits2016-12-120
Number of other retired or separated participants entitled to future benefits2016-12-120
Total of all active and inactive participants2016-12-121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-12-120
Total participants2016-12-121
Number of participants with account balances2016-12-121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-12-120

Financial Data on LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN

Measure Date Value
2017 : LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN 2017 401k financial data
Total income from all sources2017-06-30$-23,645
Expenses. Total of all expenses incurred2017-06-30$103,944
Benefits paid (including direct rollovers)2017-06-30$103,944
Total plan assets at end of year2017-06-30$0
Total plan assets at beginning of year2017-06-30$127,589
Total contributions received or receivable from participants2017-06-30$0
Contributions received from other sources (not participants or employers)2017-06-30$0
Other income received2017-06-30$-23,645
Net income (gross income less expenses)2017-06-30$-127,589
Net plan assets at end of year (total assets less liabilities)2017-06-30$0
Net plan assets at beginning of year (total assets less liabilities)2017-06-30$127,589
Assets. Value of employer securities2017-06-30$0
Total contributions received or receivable from employer(s)2017-06-30$0
Value of certain deemed distributions of participant loans2017-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-06-30$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-06-30$0
2016 : LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources2016-12-31$127,589
Expenses. Total of all expenses incurred2016-12-31$0
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$127,589
Total contributions received or receivable from participants2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$127,526
Other income received2016-12-31$63
Net income (gross income less expenses)2016-12-31$127,589
Net plan assets at end of year (total assets less liabilities)2016-12-31$127,589
Assets. Value of employer securities2016-12-31$122,587
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0

Form 5500 Responses for LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN

2017: LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: LAKE NORMAN DIAMOND VENTURES INC. RETIREMENT PLAN 2016 form 5500 responses
2016-12-12Type of plan entitySingle employer plan
2016-12-12First time form 5500 has been submittedYes
2016-12-12This return/report is a short plan year return/report (less than 12 months)Yes
2016-12-12Plan funding arrangement – TrustYes
2016-12-12Plan benefit arrangement - TrustYes

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