INNOVATIVE COSMETIC CONCEPTS, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan INNOVATIVE COSMETIC CONCEPTS 401(K) PLAN
| Measure | Date | Value |
|---|
| 2023 : INNOVATIVE COSMETIC CONCEPTS 401(K) PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $6,772 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total income from all sources (including contributions) | 2023-01-01 | $2,075,423 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $1,118,292 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $1,111,854 |
| Expenses. Certain deemed distributions of participant loans | 2023-01-01 | $607 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $1,512,120 |
| Value of total assets at end of year | 2023-01-01 | $3,902,864 |
| Value of total assets at beginning of year | 2023-01-01 | $2,938,961 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $5,831 |
| Total interest from all sources | 2023-01-01 | $2,954 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $1,090 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $1,090 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $599,278 |
| Participant contributions at end of year | 2023-01-01 | $28,537 |
| Participant contributions at beginning of year | 2023-01-01 | $2,440 |
| Participant contributions at end of year | 2023-01-01 | $0 |
| Participant contributions at beginning of year | 2023-01-01 | $5,588 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $599,558 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-01-01 | $6,772 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $957,131 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $3,896,092 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $2,938,961 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $3,789,940 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $2,856,393 |
| Interest on participant loans | 2023-01-01 | $2,954 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $80,081 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $70,234 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $559,259 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $313,284 |
| Employer contributions (assets) at end of year | 2023-01-01 | $4,306 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $4,306 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $1,111,854 |
| Contract administrator fees | 2023-01-01 | $5,831 |
| Did the plan have assets held for investment | 2023-01-01 | 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 | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| 2022 : INNOVATIVE COSMETIC CONCEPTS 401(K) PLAN 2022 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2022-10-07 | 209607 |
| Net assets as of the end of the plan year | 2022-10-07 | 1829824 |
| Total assets as of the beginning of the plan year | 2022-10-07 | 885800 |
| Value of plan covered by a fidelity bond | 2022-10-07 | 265000 |
| Participant contributions to plan in this plan year | 2022-10-07 | 500038 |
| Other contributions to plan in this plan year | 2022-10-07 | 233056 |
| Other income to plan in this plan year | 2022-10-07 | 179668 |
| Plan net income in this plan year | 2022-10-07 | 944024 |
| Net assets as of the end of the plan year | 2022-10-07 | 1829824 |
| Net assets as of the beginning of the plan year | 2022-10-07 | 885800 |
| Employer contributions to plan in this plan year | 2022-10-07 | 240869 |
| Fees paid to broker by Benefit Provider | 2022-10-07 | 2943 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-10-07 | 1126 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $1,138,204 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $29,067 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $27,097 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $1,535,130 |
| Value of total assets at end of year | 2022-01-01 | $2,938,961 |
| Value of total assets at beginning of year | 2022-01-01 | $1,829,824 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $1,970 |
| Total interest from all sources | 2022-01-01 | $39 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $571 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $571 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $260,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $700,618 |
| Participant contributions at end of year | 2022-01-01 | $2,440 |
| Participant contributions at end of year | 2022-01-01 | $5,588 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $493,244 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $1,109,137 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $2,938,961 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $1,829,824 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $2,856,393 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $1,778,544 |
| Interest on participant loans | 2022-01-01 | $39 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-01-01 | $70,234 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-01-01 | $51,280 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-397,536 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $341,268 |
| Employer contributions (assets) at end of year | 2022-01-01 | $4,306 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $27,097 |
| Contract administrator fees | 2022-01-01 | $1,970 |
| Did the plan have assets held for investment | 2022-01-01 | 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 | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
