401k Plan data: CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN plan

CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN
Plan identification number	001

CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.

401k Sponsoring company profile

CLASSIC AIRE CARE HOLDINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name: CLASSIC AIRE CARE HOLDINGS, INC.

Employer identification number (EIN): 863937069

NAIC Classification: 238220
NAIC Description: Plumbing, Heating, and Air-Conditioning Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01

Plan Statistics for CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2023: CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 190
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 0
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 0
Total of all active and inactive participants 2023-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 0
Number of participants with account balances 2023-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 208
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 190
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 65
Total of all active and inactive participants 2022-01-01 255
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 255
Number of participants with account balances 2022-01-01 205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 5
2021: CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 169
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 126
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 51
Total of all active and inactive participants 2021-01-01 177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 177
Number of participants with account balances 2021-01-01 159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 11

Measure	Date	Value
2023: CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	190
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	0
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	0
Total of all active and inactive participants	2023-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	0
Number of participants with account balances	2023-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	208
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	190
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	65
Total of all active and inactive participants	2022-01-01	255
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	255
Number of participants with account balances	2022-01-01	205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	5
2021: CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	169
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	126
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	51
Total of all active and inactive participants	2021-01-01	177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	177
Number of participants with account balances	2021-01-01	159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	11

Financial Data on CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2023 : CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total transfer of assets from this plan	2023-01-31	$6,675,687
Total income from all sources (including contributions)	2023-01-31	$290,068
Total of all expenses incurred	2023-01-31	$25,174
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-01-31	$25,040
Value of total assets at end of year	2023-01-31	$0
Value of total assets at beginning of year	2023-01-31	$6,410,793
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-01-31	$134
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-01-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2023-01-31	$0
Was this plan covered by a fidelity bond	2023-01-31	Yes
Value of fidelity bond cover	2023-01-31	$500,000
If this is an individual account plan, was there a blackout period	2023-01-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-01-31	No
Participant contributions at end of year	2023-01-31	$0
Participant contributions at beginning of year	2023-01-31	$25,724
Participant contributions at beginning of year	2023-01-31	$38
Total non interest bearing cash at beginning of year	2023-01-31	$9,491
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-01-31	No
Value of net income/loss	2023-01-31	$264,894
Value of net assets at end of year (total assets less liabilities)	2023-01-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2023-01-31	$6,410,793
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-01-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-01-31	No
Were any leases to which the plan was party in default or uncollectible	2023-01-31	No
Investment advisory and management fees	2023-01-31	$134
Value of interest in pooled separate accounts at end of year	2023-01-31	$0
Value of interest in pooled separate accounts at beginning of year	2023-01-31	$6,365,851
Net investment gain/loss from pooled separate accounts	2023-01-31	$290,068
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-01-31	No
Was there a failure to transmit to the plan any participant contributions	2023-01-31	No
Has the plan failed to provide any benefit when due under the plan	2023-01-31	No
Employer contributions (assets) at end of year	2023-01-31	$0
Employer contributions (assets) at beginning of year	2023-01-31	$9,689
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-01-31	$25,040
Did the plan have assets held for investment	2023-01-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-01-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-01-31	Yes
Opinion of an independent qualified public accountant for this plan	2023-01-31	Unqualified
Accountancy firm name	2023-01-31	ASSURANCE DIMENSIONS
Accountancy firm EIN	2023-01-31	263429295
2022 : CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$343,835
Total of all expenses incurred	2022-12-31	$1,502,130
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,440,722
Value of total corrective distributions	2022-12-31	$13,394
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,596,247
Value of total assets at end of year	2022-12-31	$6,410,793
Value of total assets at beginning of year	2022-12-31	$7,569,088
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$48,014
Total interest from all sources	2022-12-31	$672
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$762,499
Participant contributions at end of year	2022-12-31	$25,724
Participant contributions at beginning of year	2022-12-31	$6,949
Participant contributions at end of year	2022-12-31	$38
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$505,112
Total non interest bearing cash at end of year	2022-12-31	$9,491
Total non interest bearing cash at beginning of year	2022-12-31	$9,004
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-1,158,295
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$6,410,793
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$7,569,088
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$48,014
Value of interest in pooled separate accounts at end of year	2022-12-31	$6,365,851
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$7,452,834
Interest on participant loans	2022-12-31	$672
Net investment gain/loss from pooled separate accounts	2022-12-31	$-1,253,084
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$328,636
Employer contributions (assets) at end of year	2022-12-31	$9,689
Employer contributions (assets) at beginning of year	2022-12-31	$100,301
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,440,722
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	ASSURANCE DIMENSIONS
Accountancy firm EIN	2022-12-31	263429295
2021 : CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$1,690,704
Total of all expenses incurred	2021-12-31	$1,089,375
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$1,042,247
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$919,985
Value of total assets at end of year	2021-12-31	$7,569,088
Value of total assets at beginning of year	2021-12-31	$6,967,759
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$47,128
Total interest from all sources	2021-12-31	$371
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$454,352
Participant contributions at end of year	2021-12-31	$6,949
Participant contributions at beginning of year	2021-12-31	$7,924
Participant contributions at beginning of year	2021-12-31	$13,000
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$180,905
Total non interest bearing cash at end of year	2021-12-31	$9,004
Total non interest bearing cash at beginning of year	2021-12-31	$4,928
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$601,329
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$7,569,088
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$6,967,759
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$47,128
Value of interest in pooled separate accounts at end of year	2021-12-31	$7,452,834
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$6,793,911
Interest on participant loans	2021-12-31	$371
Net investment gain/loss from pooled separate accounts	2021-12-31	$770,348
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$284,728
Employer contributions (assets) at end of year	2021-12-31	$100,301
Employer contributions (assets) at beginning of year	2021-12-31	$147,996
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$1,042,247
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Disclaimer
Accountancy firm name	2021-12-31	KIEFER BONFANTI & CO. LLP
Accountancy firm EIN	2021-12-31	431061959

Form 5500 Responses for CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN

2023: CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	Yes
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	Yes
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

145736

Policy instance

Insurance contract or identification number	145736
Number of Individuals Covered	0
Insurance policy start date	2023-01-01
Insurance policy end date	2023-01-30
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $266
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	266
Additional information about fees paid to insurance broker	TPA COMPENSATION
Insurance broker organization code?	5

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

145736

Policy instance

Insurance contract or identification number	145736
Number of Individuals Covered	199
Insurance policy start date	2022-08-05
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $27,879
Total amount of fees paid to insurance company	USD $3,497
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Commission paid to Insurance Broker	USD $27,879
Insurance broker organization code?	3
Amount paid for insurance broker fees	3497
Additional information about fees paid to insurance broker	TPA COMPENSATION

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

145736

Policy instance

Insurance contract or identification number	145736
Number of Individuals Covered	182
Insurance policy start date	2021-08-05
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $29,356
Total amount of fees paid to insurance company	USD $9,634
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Commission paid to Insurance Broker	USD $29,356
Insurance broker organization code?	3
Amount paid for insurance broker fees	9634
Additional information about fees paid to insurance broker	TPA COMPENSATION

Potentially related plans

CLASSIC AIRE CARE, INC. 401(K) PROFIT SHARING PLAN [EIN = 364382268]

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	CLASSIC AIRE CARE HOLDINGS, INC.
Employer identification number (EIN):	863937069
NAIC Classification:	238220
NAIC Description:	Plumbing, Heating, and Air-Conditioning Contractors