401k Plan data: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN plan

HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	003

HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.

401k Sponsoring company profile

HENICK-LANE, INC. has sponsored the creation of one or more 401k plans.

Company Name: HENICK-LANE, INC.

Employer identification number (EIN): 112028211

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

Additional information about HENICK-LANE, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1964-03-16

Company Identification Number: 174666

Legal Registered Office Address: 45-39 DAVIS STREET
Queens
LONG ISLAND CITY
United States of America (USA)
11101

More information about HENICK-LANE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2020-01-01
003 2019-01-01
003 2018-01-01
003 2017-01-01 ERNEST HENICK

Plan Statistics for HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2020: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 210
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 99
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 91
Total of all active and inactive participants 2020-01-01 190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 190
Number of participants with account balances 2020-01-01 186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 45
2019: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 190
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 109
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 101
Total of all active and inactive participants 2019-01-01 210
Total participants 2019-01-01 210
Number of participants with account balances 2019-01-01 210
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 43
2018: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 42
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 126
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 64
Total of all active and inactive participants 2018-01-01 190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 190
Number of participants with account balances 2018-01-01 190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 64
2017: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 42
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 42
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 42
Number of participants with account balances 2017-01-01 42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0

Measure	Date	Value
2020: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	210
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	99
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	91
Total of all active and inactive participants	2020-01-01	190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	190
Number of participants with account balances	2020-01-01	186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	45
2019: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	190
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	109
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	101
Total of all active and inactive participants	2019-01-01	210
Total participants	2019-01-01	210
Number of participants with account balances	2019-01-01	210
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	43
2018: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	42
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	126
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	64
Total of all active and inactive participants	2018-01-01	190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	190
Number of participants with account balances	2018-01-01	190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	64
2017: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	42
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	42
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	42
Number of participants with account balances	2017-01-01	42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0

Financial Data on HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2020 : HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$-600,000
Total unrealized appreciation/depreciation of assets	2020-12-31	$-600,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$18,440,049
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$20,073,750
Expenses. Interest paid	2020-12-31	$579,653
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2020-12-31	$579,653
Total income from all sources (including contributions)	2020-12-31	$1,613,941
Total of all expenses incurred	2020-12-31	$579,653
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$0
Expenses. Certain deemed distributions of participant loans	2020-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$2,213,354
Value of total assets at end of year	2020-12-31	$7,773,644
Value of total assets at beginning of year	2020-12-31	$8,373,057
Total interest from all sources	2020-12-31	$587
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$0
Was this plan covered by a fidelity bond	2020-12-31	No
If this is an individual account plan, was there a blackout period	2020-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$0
Participant contributions at end of year	2020-12-31	$0
Participant contributions at end of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$1,034,288
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$-10,666,405
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$-11,700,693
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Interest on participant loans	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$123,644
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$123,057
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$123,057
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$587
Expenses. Payments to insurance carriers foe the provision of benefits	2020-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Assets. Invements in employer securities at end of year	2020-12-31	$7,650,000
Assets. Invements in employer securities at beginning of year	2020-12-31	$8,250,000
Contributions received in cash from employer	2020-12-31	$2,213,354
Employer contributions (assets) at end of year	2020-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$0
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2020-12-31	$18,440,049
Liabilities. Value of acquisition indebtedness at beginning of year	2020-12-31	$20,073,750
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	GRASSI & CO., CPA'S, P.C.
Accountancy firm EIN	2020-12-31	113266576
2019 : HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2019-12-31	$267,000
Unrealized appreciation/depreciation of other (non real estate) assets	2019-12-31	$267,000
Total unrealized appreciation/depreciation of assets	2019-12-31	$267,000
Total unrealized appreciation/depreciation of assets	2019-12-31	$267,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$20,073,750
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$20,073,750
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$22,270,722
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$22,270,722
Expenses. Interest paid	2019-12-31	$567,543
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2019-12-31	$567,543
Expenses. Interest paid	2019-12-31	$567,543
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2019-12-31	$567,543
Total income from all sources (including contributions)	2019-12-31	$3,034,082
Total income from all sources (including contributions)	2019-12-31	$3,034,082
Total of all expenses incurred	2019-12-31	$567,543
Total of all expenses incurred	2019-12-31	$567,543
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$2,764,515
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$2,764,515
Value of total assets at end of year	2019-12-31	$8,373,057
Value of total assets at end of year	2019-12-31	$8,373,057
Value of total assets at beginning of year	2019-12-31	$8,103,490
Value of total assets at beginning of year	2019-12-31	$8,103,490
Total interest from all sources	2019-12-31	$2,567
Total interest from all sources	2019-12-31	$2,567
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Was this plan covered by a fidelity bond	2019-12-31	No
Was this plan covered by a fidelity bond	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$2,466,539
Value of net income/loss	2019-12-31	$2,466,539
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$-11,700,693
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$-11,700,693
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$-14,167,232
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$-14,167,232
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$123,057
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$123,057
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$120,490
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$120,490
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$120,490
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$120,490
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$2,567
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$2,567
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Assets. Invements in employer securities at end of year	2019-12-31	$8,250,000
Assets. Invements in employer securities at end of year	2019-12-31	$8,250,000
Assets. Invements in employer securities at beginning of year	2019-12-31	$7,983,000
Assets. Invements in employer securities at beginning of year	2019-12-31	$7,983,000
Contributions received in cash from employer	2019-12-31	$2,764,515
Contributions received in cash from employer	2019-12-31	$2,764,515
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2019-12-31	$20,073,750
Liabilities. Value of acquisition indebtedness at end of year	2019-12-31	$20,073,750
Liabilities. Value of acquisition indebtedness at beginning of year	2019-12-31	$22,270,722
Liabilities. Value of acquisition indebtedness at beginning of year	2019-12-31	$22,270,722
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	No
Opinion of an independent qualified public accountant for this plan	2019-12-31	Unqualified
Opinion of an independent qualified public accountant for this plan	2019-12-31	Unqualified
Accountancy firm name	2019-12-31	GRASSI & CO., CPAS, P.C.
Accountancy firm name	2019-12-31	GRASSI & CO., CPAS, P.C.
Accountancy firm EIN	2019-12-31	113266576
Accountancy firm EIN	2019-12-31	113266576
2018 : HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$2,022,748
Total plan liabilities at end of year	2018-12-31	$22,270,722
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$-16,544,642
Expenses. Total of all expenses incurred	2018-12-31	$650,398
Total plan assets at end of year	2018-12-31	$8,103,490
Total plan assets at beginning of year	2018-12-31	$1,005,060
Expenses. Other expenses not covered elsewhere	2018-12-31	$650,398
Other income received	2018-12-31	$-19,516,510
Net income (gross income less expenses)	2018-12-31	$-17,195,040
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$-14,167,232
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$1,005,060
Assets. Value of employer securities	2018-12-31	$7,983,000
Total contributions received or receivable from employer(s)	2018-12-31	$2,971,868
2017 : HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$1,005,060
Total plan assets at end of year	2017-12-31	$1,005,060
Total plan assets at beginning of year	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$1,005,060
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$1,005,060
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$0
Total contributions received or receivable from employer(s)	2017-12-31	$1,005,060

Form 5500 Responses for HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2020: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: HENICK-LANE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	First time form 5500 has been submitted	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	HENICK-LANE, INC.
Employer identification number (EIN):	112028211
NAIC Classification:	238220
NAIC Description:	Plumbing, Heating, and Air-Conditioning Contractors

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1964-03-16
Company Identification Number:	174666
Legal Registered Office Address:	45-39 DAVIS STREET Queens LONG ISLAND CITY United States of America (USA) 11101