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INNOVATIVE CONSTRUCTION LLC 401k Plan overview

Plan NameINNOVATIVE CONSTRUCTION LLC
Plan identification number 001

INNOVATIVE CONSTRUCTION LLC 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

INNOVATIVE CONSTRUCTION LLC has sponsored the creation of one or more 401k plans.

Company Name:INNOVATIVE CONSTRUCTION LLC
Employer identification number (EIN):852201364
NAIC Classification:237100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INNOVATIVE CONSTRUCTION LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01NICK RICE2024-09-12
0012022-09-01NICK RICE2023-07-21

Financial Data on INNOVATIVE CONSTRUCTION LLC

Measure Date Value
2025 : INNOVATIVE CONSTRUCTION LLC 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-2251508
Net assets as of the end of the plan year2025-07-22292605
Total assets as of the beginning of the plan year2025-07-22127089
Value of plan covered by a fidelity bond2025-07-2213000
Participant contributions to plan in this plan year2025-07-22105642
Other income to plan in this plan year2025-07-2222358
Plan net income in this plan year2025-07-22165516
Net assets as of the end of the plan year2025-07-22292605
Net assets as of the beginning of the plan year2025-07-22127089
Employer contributions to plan in this plan year2025-07-2289024
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-222924
2024 : INNOVATIVE CONSTRUCTION LLC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-1212011
Net assets as of the end of the plan year2024-09-12127089
Total assets as of the beginning of the plan year2024-09-1211307
Value of plan covered by a fidelity bond2024-09-122000
Participant contributions to plan in this plan year2024-09-1260893
Other income to plan in this plan year2024-09-1211943
Plan net income in this plan year2024-09-12115782
Net assets as of the end of the plan year2024-09-12127089
Net assets as of the beginning of the plan year2024-09-1211307
Employer contributions to plan in this plan year2024-09-1254957
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-121217

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