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RASMUSSEN EXCAVATION, LLC 401k Plan overview

Plan NameRASMUSSEN EXCAVATION, LLC
Plan identification number 001

RASMUSSEN EXCAVATION, LLC Benefits

401k Plan TypeDefined 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.
  • 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

RASMUSSEN EXCAVATION, LLC has sponsored the creation of one or more 401k plans.

Company Name:RASMUSSEN EXCAVATION, LLC
Employer identification number (EIN):030401074
NAIC Classification:238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RASMUSSEN EXCAVATION, LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01DAVID RASMUSSEN2023-09-25 DAVID RASMUSSEN2023-09-25

Plan Statistics for RASMUSSEN EXCAVATION, LLC

401k plan membership statisitcs for RASMUSSEN EXCAVATION, LLC

Measure Date Value
2022: RASMUSSEN EXCAVATION, LLC 2022 401k membership
Total participants, beginning-of-year2022-01-0123
Total number of active participants reported on line 7a of the Form 55002022-01-0121
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-014
Total of all active and inactive participants2022-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0125
Number of participants with account balances2022-01-0115

Financial Data on RASMUSSEN EXCAVATION, LLC

Measure Date Value
2022 : RASMUSSEN EXCAVATION, LLC 2022 401k financial data
Total income from all sources2022-12-31$-277,554
Expenses. Total of all expenses incurred2022-12-31$61,460
Benefits paid (including direct rollovers)2022-12-31$61,410
Total plan assets at end of year2022-12-31$2,179,248
Total plan assets at beginning of year2022-12-31$2,518,262
Value of fidelity bond covering the plan2022-12-31$100,000
Total contributions received or receivable from participants2022-12-31$99,214
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-405,046
Noncash contributions received2022-12-31$677
Net income (gross income less expenses)2022-12-31$-339,014
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,179,248
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,518,262
Total contributions received or receivable from employer(s)2022-12-31$27,601
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$50

Form 5500 Responses for RASMUSSEN EXCAVATION, LLC

2022: RASMUSSEN EXCAVATION, LLC 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )
Policy contract number800185
Policy instance 1
Insurance contract or identification number800185
Number of Individuals Covered13
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $5,549
Total amount of fees paid to insurance companyUSD $2,401
Commission paid to Insurance BrokerUSD $5,549
Insurance broker organization code?3
Amount paid for insurance broker fees2401

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