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LFI 401(K) PLAN 401k Plan overview

Plan NameLFI 401(K) PLAN
Plan identification number 001

LFI 401(K) PLAN 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

LAB FURNITURE INSTALLATIONS & SALES, INC. has sponsored the creation of one or more 401k plans.

Company Name:LAB FURNITURE INSTALLATIONS & SALES, INC.
Employer identification number (EIN):043542602
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LFI 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01SHARON LINDSAY
0012023-01-01
0012023-01-01SHARON LINDSAY
0012022-01-01
0012022-01-01SHARON LINDSAY
0012021-01-01
0012021-01-01SHARON LINDSAY
0012020-01-01
0012019-01-01
0012018-01-01SHARON LINDSAY
0012017-01-01SHARON LINDSAY
0012016-01-01CATHLEEN YOUNG
0012015-01-01CATHLEEN YOUNG
0012014-01-01CATHLEEN YOUNG
0012013-01-01CATHLEEN YOUNG
0012012-01-01CATHLEEN J. YOUNG2013-06-27
0012011-01-01CATHLEEN J. YOUNG2012-07-31
0012010-01-01CATHLEEN J. YOUNG2011-08-25

Financial Data on LFI 401(K) PLAN

Measure Date Value
2023 : LFI 401(K) PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$611,145
Expenses. Total of all expenses incurred2023-12-31$102,723
Benefits paid (including direct rollovers)2023-12-31$88,805
Total plan assets at end of year2023-12-31$3,387,469
Total plan assets at beginning of year2023-12-31$2,879,047
Value of fidelity bond covering the plan2023-12-31$338,750
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$181,726
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$360,238
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$508,422
Net plan assets at end of year (total assets less liabilities)2023-12-31$3,387,469
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$2,879,047
Assets. Value of participant loans2023-12-31$57,291
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$69,181
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$13,637
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$281
2022 : LFI 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-318,059
Expenses. Total of all expenses incurred2022-12-31$166,457
Benefits paid (including direct rollovers)2022-12-31$154,477
Total plan assets at end of year2022-12-31$2,879,047
Total plan assets at beginning of year2022-12-31$3,363,563
Value of fidelity bond covering the plan2022-12-31$336,357
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$152,253
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-526,266
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-484,516
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,879,047
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$3,363,563
Assets. Value of participant loans2022-12-31$55,535
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$55,954
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$11,805
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$175
2021 : LFI 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$489,078
Expenses. Total of all expenses incurred2021-12-31$183,739
Benefits paid (including direct rollovers)2021-12-31$183,583
Total plan assets at end of year2021-12-31$3,363,563
Total plan assets at beginning of year2021-12-31$3,058,224
Value of fidelity bond covering the plan2021-12-31$336,357
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$148,041
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$301,082
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$305,339
Net plan assets at end of year (total assets less liabilities)2021-12-31$3,363,563
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$3,058,224
Assets. Value of participant loans2021-12-31$54,274
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$39,955
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$156
2020 : LFI 401(K) PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$567,991
Expenses. Total of all expenses incurred2020-12-31$22,904
Benefits paid (including direct rollovers)2020-12-31$17,029
Total plan assets at end of year2020-12-31$3,058,224
Total plan assets at beginning of year2020-12-31$2,513,137
Value of fidelity bond covering the plan2020-12-31$305,823
Total contributions received or receivable from participants2020-12-31$130,779
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$374,524
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$545,087
Net plan assets at end of year (total assets less liabilities)2020-12-31$3,058,224
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$2,513,137
Assets. Value of participant loans2020-12-31$44,037
Total contributions received or receivable from employer(s)2020-12-31$62,688
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$5,775
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$100
2019 : LFI 401(K) PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$607,991
Expenses. Total of all expenses incurred2019-12-31$34,819
Benefits paid (including direct rollovers)2019-12-31$34,338
Total plan assets at end of year2019-12-31$2,513,137
Total plan assets at beginning of year2019-12-31$1,939,965
Value of fidelity bond covering the plan2019-12-31$251,314
Total contributions received or receivable from participants2019-12-31$162,223
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$405,780
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$573,172
Net plan assets at end of year (total assets less liabilities)2019-12-31$2,513,137
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,939,965
Assets. Value of participant loans2019-12-31$73,920
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022019-12-31$0
Total contributions received or receivable from employer(s)2019-12-31$39,988
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$481
2018 : LFI 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$37,262
Expenses. Total of all expenses incurred2018-12-31$60,772
Benefits paid (including direct rollovers)2018-12-31$59,230
Total plan assets at end of year2018-12-31$1,939,965
Total plan assets at beginning of year2018-12-31$1,963,475
Value of fidelity bond covering the plan2018-12-31$196,348
Total contributions received or receivable from participants2018-12-31$118,532
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-120,545
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-23,510
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,939,965
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,963,475
Assets. Value of participant loans2018-12-31$34,087
Total contributions received or receivable from employer(s)2018-12-31$39,275
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$1,198
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$344
2017 : LFI 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$421,617
Expenses. Total of all expenses incurred2017-12-31$41,854
Benefits paid (including direct rollovers)2017-12-31$40,053
Total plan assets at end of year2017-12-31$1,963,475
Total plan assets at beginning of year2017-12-31$1,583,712
Value of fidelity bond covering the plan2017-12-31$196,348
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$106,040
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$277,561
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$379,763
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,963,475
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,583,712
Assets. Value of participant loans2017-12-31$57,890
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$38,016
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$1,351
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$450
2016 : LFI 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$248,861
Expenses. Total of all expenses incurred2016-12-31$87,585
Benefits paid (including direct rollovers)2016-12-31$85,451
Total plan assets at end of year2016-12-31$1,583,712
Total plan assets at beginning of year2016-12-31$1,422,436
Value of fidelity bond covering the plan2016-12-31$150,000
Total contributions received or receivable from participants2016-12-31$106,157
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$103,832
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$161,276
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,583,712
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,422,436
Assets. Value of participant loans2016-12-31$31,551
Total contributions received or receivable from employer(s)2016-12-31$38,872
Value of certain deemed distributions of participant loans2016-12-31$-40
Value of corrective distributions2016-12-31$1,974
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$200
2015 : LFI 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$107,815
Expenses. Total of all expenses incurred2015-12-31$106,522
Benefits paid (including direct rollovers)2015-12-31$105,983
Total plan assets at end of year2015-12-31$1,422,436
Total plan assets at beginning of year2015-12-31$1,421,143
Value of fidelity bond covering the plan2015-12-31$150,000
Total contributions received or receivable from participants2015-12-31$82,622
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-11,705
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$1,293
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,422,436
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,421,143
Assets. Value of participant loans2015-12-31$35,629
Total contributions received or receivable from employer(s)2015-12-31$36,898
Value of certain deemed distributions of participant loans2015-12-31$39
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$500
2014 : LFI 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$163,082
Expenses. Total of all expenses incurred2014-12-31$5,104
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$1,421,143
Total plan assets at beginning of year2014-12-31$1,263,165
Value of fidelity bond covering the plan2014-12-31$150,000
Total contributions received or receivable from participants2014-12-31$84,931
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$65,573
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$157,978
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,421,143
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,263,165
Assets. Value of participant loans2014-12-31$28,891
Total contributions received or receivable from employer(s)2014-12-31$12,578
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$4,854
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$250
2013 : LFI 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$266,004
Expenses. Total of all expenses incurred2013-12-31$70,458
Benefits paid (including direct rollovers)2013-12-31$70,207
Total plan assets at end of year2013-12-31$1,263,165
Total plan assets at beginning of year2013-12-31$1,067,619
Value of fidelity bond covering the plan2013-12-31$150,000
Total contributions received or receivable from participants2013-12-31$58,410
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$171,154
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$195,546
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,263,165
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,067,619
Assets. Value of participant loans2013-12-31$52,499
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$36,440
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$251

Form 5500 Responses for LFI 401(K) PLAN

2023: LFI 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: LFI 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LFI 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: LFI 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: LFI 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: LFI 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: LFI 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: LFI 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: LFI 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: LFI 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: LFI 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes

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