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SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameSORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Stock bonus
  • 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.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

SORDONI CONSTRUCTION COMPANY has sponsored the creation of one or more 401k plans.

Company Name:SORDONI CONSTRUCTION COMPANY
Employer identification number (EIN):203203023
NAIC Classification:236200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01TIM LORENZO2024-10-10
0022022-01-01TIM LORENZO2023-10-13

Plan Statistics for SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0179
Total number of active participants reported on line 7a of the Form 55002023-01-0172
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-012
Total of all active and inactive participants2023-01-0174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0174
Number of participants with account balances2023-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-017
2022: SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0173
Total number of active participants reported on line 7a of the Form 55002022-01-0164
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-0164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0164
Number of participants with account balances2022-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010

Financial Data on SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Total plan liabilities at end of year2023-12-31$18,000,000
Total plan liabilities at beginning of year2023-12-31$19,000,000
Total income from all sources2023-12-31$7,619,500
Expenses. Total of all expenses incurred2023-12-31$596,600
Total plan assets at end of year2023-12-31$10,723,960
Total plan assets at beginning of year2023-12-31$4,701,060
Expenses. Other expenses not covered elsewhere2023-12-31$596,600
Other income received2023-12-31$6,022,900
Net income (gross income less expenses)2023-12-31$7,022,900
Net plan assets at end of year (total assets less liabilities)2023-12-31$-7,276,040
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$-14,298,940
Assets. Value of employer securities2023-12-31$10,723,960
Total contributions received or receivable from employer(s)2023-12-31$1,596,600
2022 : SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$19,000,000
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-14,140,650
Expenses. Total of all expenses incurred2022-12-31$158,290
Total plan assets at end of year2022-12-31$4,701,060
Total plan assets at beginning of year2022-12-31$0
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$158,290
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-15,298,940
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-14,298,940
Net plan assets at end of year (total assets less liabilities)2022-12-31$-14,298,940
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$0
Assets. Value of employer securities2022-12-31$4,701,060
Total contributions received or receivable from employer(s)2022-12-31$1,158,290

Form 5500 Responses for SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN

2023: SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: SORDONI CONSTRUCTION CO. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
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

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