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NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameNEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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 VENDING, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEXT LEVEL VENDING, INC.
Employer identification number (EIN):921675577
NAIC Classification:454210
NAIC Description:Vending Machine Operators

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01
0012024-01-01NORMAN GARCIA
0012023-01-12
0012023-01-12NORMAN GARCIA

Plan Statistics for NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2024: NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN 2024 401k membership
Total participants, beginning-of-year2024-01-011
Total number of active participants reported on line 7a of the Form 55002024-01-010
Number of retired or separated participants receiving benefits2024-01-010
Number of other retired or separated participants entitled to future benefits2024-01-010
Total of all active and inactive participants2024-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2024-01-010
Total participants2024-01-010
Number of participants with account balances2024-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2024-01-010
2023: NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-120
Total number of active participants reported on line 7a of the Form 55002023-01-120
Number of retired or separated participants receiving benefits2023-01-120
Number of other retired or separated participants entitled to future benefits2023-01-120
Total of all active and inactive participants2023-01-120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-120
Total participants2023-01-120
Number of participants with account balances2023-01-120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-120

Financial Data on NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2024 : NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN 2024 401k financial data
Total income from all sources2024-11-29$-1,977
Expenses. Total of all expenses incurred2024-11-29$34,597
Benefits paid (including direct rollovers)2024-11-29$34,597
Total plan assets at end of year2024-11-29$0
Total plan assets at beginning of year2024-11-29$36,574
Other income received2024-11-29$-1,977
Net income (gross income less expenses)2024-11-29$-36,574
Net plan assets at end of year (total assets less liabilities)2024-11-29$0
Net plan assets at beginning of year (total assets less liabilities)2024-11-29$36,574
Assets. Value of employer securities2024-11-29$0
2023 : NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN 2023 401k financial data
Total income from all sources2023-12-31$36,599
Expenses. Total of all expenses incurred2023-12-31$25
Total plan assets at end of year2023-12-31$36,574
Total plan assets at beginning of year2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$25
Contributions received from other sources (not participants or employers)2023-12-31$61,647
Other income received2023-12-31$-25,048
Net income (gross income less expenses)2023-12-31$36,574
Net plan assets at end of year (total assets less liabilities)2023-12-31$36,574
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$0
Assets. Value of employer securities2023-12-31$31,920

Form 5500 Responses for NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN

2024: NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN 2024 form 5500 responses
2024-01-01Type of plan entitySingle employer plan
2024-01-01Submission has been amendedNo
2024-01-01This submission is the final filingYes
2024-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2024-01-01Plan is a collectively bargained planNo
2024-01-01Plan funding arrangement – TrustYes
2024-01-01Plan benefit arrangement - TrustYes
2023: NEXT LEVEL VENDING, INC. 401K PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-12Type of plan entitySingle employer plan
2023-01-12First time form 5500 has been submittedYes
2023-01-12Submission has been amendedNo
2023-01-12This submission is the final filingNo
2023-01-12This return/report is a short plan year return/report (less than 12 months)Yes
2023-01-12Plan is a collectively bargained planNo
2023-01-12Plan funding arrangement – TrustYes
2023-01-12Plan benefit arrangement - TrustYes

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