401k Plan data: NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN plan

NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN 401k Plan overview

Plan Name	NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN
Plan identification number	002

NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
Plan covering Self-Employed individuals.
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

NEXT LEVEL RETAIL, LLC has sponsored the creation of one or more 401k plans.

Company Name: NEXT LEVEL RETAIL, LLC

Employer identification number (EIN): 833559861

NAIC Classification: 423990
NAIC Description: Other Miscellaneous Durable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 MICHAEL KOENITZ-HUDAC 2024-09-10 MICHAEL KOENITZ-HUDAC 2024-09-10
002 2022-01-01 MICHAEL KOENITZ-HUDAC 2023-10-02 MICHAEL KOENITZ-HUDAC 2023-10-02
002 2021-01-01 MICHAEL KOENITZ-HUDAC 2022-10-07 MICHAEL KOENITZ-HUDAC 2022-10-07

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2023-01-01	MICHAEL KOENITZ-HUDAC	2024-09-10	MICHAEL KOENITZ-HUDAC	2024-09-10
002	2022-01-01	MICHAEL KOENITZ-HUDAC	2023-10-02	MICHAEL KOENITZ-HUDAC	2023-10-02
002	2021-01-01	MICHAEL KOENITZ-HUDAC	2022-10-07	MICHAEL KOENITZ-HUDAC	2022-10-07

Plan Statistics for NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN

401k plan membership statisitcs for NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN

Measure Date Value
2024: NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year 2024-09-10 4
Total number of particpants at end of year 2024-09-10 3
2022: NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets 2022-12-31 151,177
Acturial value of plan assets 2022-12-31 151,177
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 0
Fundng target for terminated vested participants 2022-12-31 0
Active participant vested funding target 2022-12-31 142,452
Number of active participants 2022-12-31 3
Total funding liabilities for active participants 2022-12-31 142,452
Total participant count 2022-12-31 3
Total funding target for all participants 2022-12-31 142,452
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 17,656
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 17,656
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 106,218
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 105,500
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 85,449
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 76,724
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 76,724
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 105,500
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total number of particpants at beginning of year 2022-10-07 2
Total number of particpants at end of year 2022-10-07 3
2021: NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets 2021-12-31 80,526
Acturial value of plan assets 2021-12-31 80,526
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 0
Fundng target for terminated vested participants 2021-12-31 0
Active participant vested funding target 2021-12-31 0
Number of active participants 2021-12-31 3
Total funding liabilities for active participants 2021-12-31 74,564
Total participant count 2021-12-31 3
Total funding target for all participants 2021-12-31 74,564
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 16,539
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 16,539
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 88,096
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 87,315
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 75,621
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 69,659
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 69,659
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 87,315
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0

Measure	Date	Value
2024: NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year	2024-09-10	4
Total number of particpants at end of year	2024-09-10	3
2022: NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets	2022-12-31	151,177
Acturial value of plan assets	2022-12-31	151,177
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	0
Fundng target for terminated vested participants	2022-12-31	0
Active participant vested funding target	2022-12-31	142,452
Number of active participants	2022-12-31	3
Total funding liabilities for active participants	2022-12-31	142,452
Total participant count	2022-12-31	3
Total funding target for all participants	2022-12-31	142,452
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	17,656
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	17,656
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	106,218
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	105,500
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	85,449
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	76,724
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	76,724
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	105,500
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total number of particpants at beginning of year	2022-10-07	2
Total number of particpants at end of year	2022-10-07	3
2021: NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets	2021-12-31	80,526
Acturial value of plan assets	2021-12-31	80,526
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	0
Fundng target for terminated vested participants	2021-12-31	0
Active participant vested funding target	2021-12-31	0
Number of active participants	2021-12-31	3
Total funding liabilities for active participants	2021-12-31	74,564
Total participant count	2021-12-31	3
Total funding target for all participants	2021-12-31	74,564
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	16,539
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	16,539
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	88,096
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	87,315
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	75,621
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	69,659
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	69,659
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	87,315
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0

Financial Data on NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN

Measure	Date	Value
2024 : NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN 2024 401k financial data
Total liabilities as of the end of the plan year	2024-09-10	0
Total liabilities as of the beginning of the plan year	2024-09-10	0
Total expenses incurred by plan in this plan year	2024-09-10	1312
Net assets as of the end of the plan year	2024-09-10	409340
Total assets as of the beginning of the plan year	2024-09-10	257396
Participant contributions to plan in this plan year	2024-09-10	0
Other expenses paid from plan in this plan year	2024-09-10	1312
Other income to plan in this plan year	2024-09-10	22552
Plan net income in this plan year	2024-09-10	151944
Net assets as of the end of the plan year	2024-09-10	409340
Net assets as of the beginning of the plan year	2024-09-10	257396
Employer contributions to plan in this plan year	2024-09-10	130704
Expensese paid to adminstrative service provicers from plan in this plan year	2024-09-10	0
2022 : NEXT LEVEL RETAIL, LLC CASH BALANCE PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year	2022-10-07	397
Net assets as of the end of the plan year	2022-10-07	168622
Total assets as of the beginning of the plan year	2022-10-07	79720
Participant contributions to plan in this plan year	2022-10-07	0
Other expenses paid from plan in this plan year	2022-10-07	397
Other income to plan in this plan year	2022-10-07	1203
Plan net income in this plan year	2022-10-07	88902
Net assets as of the end of the plan year	2022-10-07	168622
Net assets as of the beginning of the plan year	2022-10-07	79720
Employer contributions to plan in this plan year	2022-10-07	88096
Expensese paid to adminstrative service provicers from plan in this plan year	2022-10-07	0

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Company Name:	NEXT LEVEL RETAIL, LLC
Employer identification number (EIN):	833559861
NAIC Classification:	423990
NAIC Description:	Other Miscellaneous Durable Goods Merchant Wholesalers