401k Plan data: RETIREREADY 401(K) PLAN plan

RETIREREADY 401(K) PLAN 401k Plan overview

Plan Name	RETIREREADY 401(K) PLAN
Plan identification number	108

RETIREREADY 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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

STANDARD RETIREMENT SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name: STANDARD RETIREMENT SERVICES, INC.

Employer identification number (EIN): 251838406

NAIC Classification: 524140

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
108 2023-01-01 THEODORE SCHMELZLE 2024-09-26
108 2022-01-01
108 2022-01-01 THEODORE SCHMELZLE

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
108	2023-01-01	THEODORE SCHMELZLE	2024-09-26
108	2022-01-01
108	2022-01-01	THEODORE SCHMELZLE

Plan Statistics for RETIREREADY 401(K) PLAN

401k plan membership statisitcs for RETIREREADY 401(K) PLAN

Measure Date Value
2023: RETIREREADY 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 141
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 523
Number of retired or separated participants receiving benefits 2023-01-01 1
Number of other retired or separated participants entitled to future benefits 2023-01-01 78
Total of all active and inactive participants 2023-01-01 602
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 602
Number of participants with account balances 2023-01-01 468
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 19
2022: RETIREREADY 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 121
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 2
Total of all active and inactive participants 2022-01-01 123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 123
Number of participants with account balances 2022-01-01 110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1

Measure	Date	Value
2023: RETIREREADY 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	141
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	523
Number of retired or separated participants receiving benefits	2023-01-01	1
Number of other retired or separated participants entitled to future benefits	2023-01-01	78
Total of all active and inactive participants	2023-01-01	602
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	602
Number of participants with account balances	2023-01-01	468
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	19
2022: RETIREREADY 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	121
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	2
Total of all active and inactive participants	2022-01-01	123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	123
Number of participants with account balances	2022-01-01	110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1

Financial Data on RETIREREADY 401(K) PLAN

Measure	Date	Value
2023 : RETIREREADY 401(K) PLAN 2023 401k financial data
Transfers to/from the plan	2023-12-31	$9,315,814
Total income from all sources	2023-12-31	$4,149,963
Expenses. Total of all expenses incurred	2023-12-31	$538,174
Benefits paid (including direct rollovers)	2023-12-31	$489,976
Total plan assets at end of year	2023-12-31	$13,135,695
Total plan assets at beginning of year	2023-12-31	$208,092
Value of fidelity bond covering the plan	2023-12-31	$30,000,000
Total contributions received or receivable from participants	2023-12-31	$1,702,810
Contributions received from other sources (not participants or employers)	2023-12-31	$477,980
Other income received	2023-12-31	$1,333,173
Net income (gross income less expenses)	2023-12-31	$3,611,789
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$13,135,695
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$208,092
Assets. Value of participant loans	2023-12-31	$213,385
Total contributions received or receivable from employer(s)	2023-12-31	$636,000
Value of certain deemed distributions of participant loans	2023-12-31	$16,555
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$31,643
2022 : RETIREREADY 401(K) PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$208,092
Expenses. Total of all expenses incurred	2022-12-31	$0
Total plan assets at end of year	2022-12-31	$208,092
Total plan assets at beginning of year	2022-12-31	$0
Total contributions received or receivable from participants	2022-12-31	$166,356
Other income received	2022-12-31	$-519
Net income (gross income less expenses)	2022-12-31	$208,092
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$208,092
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$42,255

Form 5500 Responses for RETIREREADY 401(K) PLAN

2023: RETIREREADY 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Mulitple employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: RETIREREADY 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Mulitple employer plan
2022-01-01	First time form 5500 has been submitted	Yes
2022-01-01	Submission has been amended	Yes
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )

Policy contract number

818125

Policy instance

Insurance contract or identification number	818125
Number of Individuals Covered	602
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )

Policy contract number

818125

Policy instance

Insurance contract or identification number	818125
Number of Individuals Covered	602
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )

Policy contract number

411412669108

Policy instance

Insurance contract or identification number	411412669108
Number of Individuals Covered	121
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

Potentially related plans

RETIREREADY 401(K) PLAN [EIN = 411412669]

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Company Name:	STANDARD RETIREMENT SERVICES, INC.
Employer identification number (EIN):	251838406
NAIC Classification:	524140