401k Plan data: VARNEY RETIREMENT SAVINGS PLAN plan

VARNEY RETIREMENT SAVINGS PLAN 401k Plan overview

Plan Name	VARNEY RETIREMENT SAVINGS PLAN
Plan identification number	001

VARNEY RETIREMENT SAVINGS PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

VARNEY, INC. has sponsored the creation of one or more 401k plans.

Company Name: VARNEY, INC.

Employer identification number (EIN): 010465502

NAIC Classification: 523210
NAIC Description: Securities and Commodity Exchanges

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VARNEY RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 RICK L VARNEY 2023-06-06
001 2021-01-01 RICK L VARNEY 2022-05-03 RICK L VARNEY 2022-05-03
001 2020-01-01 RICK L VARNEY 2021-06-16 RICK L VARNEY 2021-06-16
001 2019-01-01 RICK VARNEY 2020-07-20 RICK VARNEY 2020-07-20
001 2019-01-01 RICK VARNEY 2021-05-10 RICK VARNEY 2021-05-10
001 2018-01-01 RICK VARNEY 2019-06-11 RICK VARNEY 2019-06-11
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01
001 2013-01-01
001 2012-01-01 RICK VARNEY RICK VARNEY 2013-10-11

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	RICK L VARNEY	2023-06-06
001	2021-01-01	RICK L VARNEY	2022-05-03	RICK L VARNEY	2022-05-03
001	2020-01-01	RICK L VARNEY	2021-06-16	RICK L VARNEY	2021-06-16
001	2019-01-01	RICK VARNEY	2020-07-20	RICK VARNEY	2020-07-20
001	2019-01-01	RICK VARNEY	2021-05-10	RICK VARNEY	2021-05-10
001	2018-01-01	RICK VARNEY	2019-06-11	RICK VARNEY	2019-06-11
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01
001	2013-01-01
001	2012-01-01	RICK VARNEY		RICK VARNEY	2013-10-11

Plan Statistics for VARNEY RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for VARNEY RETIREMENT SAVINGS PLAN

Measure Date Value
2014: VARNEY RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 111
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 84
Number of other retired or separated participants entitled to future benefits 2014-01-01 11
Total of all active and inactive participants 2014-01-01 95
Total participants 2014-01-01 95
Number of participants with account balances 2014-01-01 66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 1
2013: VARNEY RETIREMENT SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 128
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 103
Number of retired or separated participants receiving benefits 2013-01-01 10
Total of all active and inactive participants 2013-01-01 113
Total participants 2013-01-01 113
Number of participants with account balances 2013-01-01 68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: VARNEY RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 192
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 113
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 18
Total of all active and inactive participants 2012-01-01 131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 131
Number of participants with account balances 2012-01-01 82
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 6

Measure	Date	Value
2014: VARNEY RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	111
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	84
Number of other retired or separated participants entitled to future benefits	2014-01-01	11
Total of all active and inactive participants	2014-01-01	95
Total participants	2014-01-01	95
Number of participants with account balances	2014-01-01	66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	1
2013: VARNEY RETIREMENT SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	128
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	103
Number of retired or separated participants receiving benefits	2013-01-01	10
Total of all active and inactive participants	2013-01-01	113
Total participants	2013-01-01	113
Number of participants with account balances	2013-01-01	68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: VARNEY RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	192
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	113
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	18
Total of all active and inactive participants	2012-01-01	131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	131
Number of participants with account balances	2012-01-01	82
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	6

Financial Data on VARNEY RETIREMENT SAVINGS PLAN

Measure	Date	Value
2014 : VARNEY RETIREMENT SAVINGS PLAN 2014 401k financial data
Total income from all sources (including contributions)	2014-12-31	$464,006
Total of all expenses incurred	2014-12-31	$353,942
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$353,042
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$332,358
Value of total assets at end of year	2014-12-31	$3,206,107
Value of total assets at beginning of year	2014-12-31	$3,096,043
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$900
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Administrative expenses professional fees incurred	2014-12-31	$900
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$219,293
Participant contributions at beginning of year	2014-12-31	$815
Total non interest bearing cash at end of year	2014-12-31	$857
Total non interest bearing cash at beginning of year	2014-12-31	$139
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$110,064
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$3,206,107
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$3,096,043
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in pooled separate accounts at end of year	2014-12-31	$3,205,250
Value of interest in pooled separate accounts at beginning of year	2014-12-31	$3,095,089
Net investment gain/loss from pooled separate accounts	2014-12-31	$131,648
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$113,065
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$353,042
Did the plan have assets held for investment	2014-12-31	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	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	TATE-FITCH, PA
Accountancy firm EIN	2014-12-31	010427533
2013 : VARNEY RETIREMENT SAVINGS PLAN 2013 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$827,222
Total of all expenses incurred	2013-12-31	$216,029
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$215,429
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$389,080
Value of total assets at end of year	2013-12-31	$3,096,043
Value of total assets at beginning of year	2013-12-31	$2,484,850
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$600
Total interest from all sources	2013-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$500,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$248,754
Participant contributions at end of year	2013-12-31	$815
Participant contributions at beginning of year	2013-12-31	$815
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$10,837
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2013-12-31	$0
Total non interest bearing cash at end of year	2013-12-31	$139
Total non interest bearing cash at beginning of year	2013-12-31	$39
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$611,193
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$3,096,043
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$2,484,850
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in pooled separate accounts at end of year	2013-12-31	$3,095,089
Value of interest in pooled separate accounts at beginning of year	2013-12-31	$2,483,996
Income. Interest from US Government securities	2013-12-31	$0
Net investment gain/loss from pooled separate accounts	2013-12-31	$438,142
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$129,489
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$215,429
Contract administrator fees	2013-12-31	$600
Did the plan have assets held for investment	2013-12-31	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	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	TATE-FITCH, PA
Accountancy firm EIN	2013-12-31	010427533
2012 : VARNEY RETIREMENT SAVINGS PLAN 2012 401k financial data
Total transfer of assets from this plan	2012-12-31	$1,748,961
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$3,368
Total income from all sources (including contributions)	2012-12-31	$989,388
Total of all expenses incurred	2012-12-31	$417,878
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$416,705
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$535,633
Value of total assets at end of year	2012-12-31	$2,484,850
Value of total assets at beginning of year	2012-12-31	$3,665,669
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$1,173
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$500,000
If this is an individual account plan, was there a blackout period	2012-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$369,171
Participant contributions at end of year	2012-12-31	$815
Participant contributions at beginning of year	2012-12-31	$12,814
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2012-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2012-12-31	$3,368
Total non interest bearing cash at end of year	2012-12-31	$39
Total non interest bearing cash at beginning of year	2012-12-31	$3,632
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$571,510
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$2,484,850
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$3,662,301
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in pooled separate accounts at end of year	2012-12-31	$2,483,996
Value of interest in pooled separate accounts at beginning of year	2012-12-31	$3,644,037
Net investment gain/loss from pooled separate accounts	2012-12-31	$453,755
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$166,462
Employer contributions (assets) at beginning of year	2012-12-31	$5,186
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$416,705
Contract administrator fees	2012-12-31	$1,173
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2012-12-31	Yes
Did the plan have assets held for investment	2012-12-31	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	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	TATE-FITCH, PA
Accountancy firm EIN	2012-12-31	010427533

Form 5500 Responses for VARNEY RETIREMENT SAVINGS PLAN

2014: VARNEY RETIREMENT SAVINGS PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: VARNEY RETIREMENT SAVINGS PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: VARNEY RETIREMENT SAVINGS PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	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

92748

Policy instance

Insurance contract or identification number	92748
Number of Individuals Covered	96
Insurance policy start date	2014-01-01
Insurance policy end date	2014-12-31
Total amount of commissions paid to insurance broker	USD $11,648
Total amount of fees paid to insurance company	USD $2,537
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $9,888
Insurance broker organization code?	3
Amount paid for insurance broker fees	2537
Additional information about fees paid to insurance broker	TPA SERVICES
Insurance broker name	KOVACK SECURITIES

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

Policy contract number

92748

Policy instance

Insurance contract or identification number	92748
Number of Individuals Covered	100
Insurance policy start date	2013-01-01
Insurance policy end date	2013-12-31
Total amount of commissions paid to insurance broker	USD $11,001
Total amount of fees paid to insurance company	USD $1,978
Commission paid to Insurance Broker	USD $11,001
Insurance broker organization code?	3
Amount paid for insurance broker fees	1978
Additional information about fees paid to insurance broker	TPA SERVICES
Insurance broker name	DOWNEAST PENSION SERVICES, INC.

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Company Name:	VARNEY, INC.
Employer identification number (EIN):	010465502
NAIC Classification:	523210
NAIC Description:	Securities and Commodity Exchanges