401k Plan data: THE LYONS COMPANIES 401(K) PLAN plan

THE LYONS COMPANIES 401(K) PLAN 401k Plan overview

Plan Name	THE LYONS COMPANIES 401(K) PLAN
Plan identification number	002

THE LYONS COMPANIES 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.
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.
Plan covering Self-Employed individuals.
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.

401k Sponsoring company profile

THE LYONS COMPANIES has sponsored the creation of one or more 401k plans.

Company Name: THE LYONS COMPANIES

Employer identification number (EIN): 260645027

NAIC Classification: 332300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE LYONS COMPANIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-07-01

Plan Statistics for THE LYONS COMPANIES 401(K) PLAN

401k plan membership statisitcs for THE LYONS COMPANIES 401(K) PLAN

Measure Date Value
2022: THE LYONS COMPANIES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 211
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 167
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 22
Total of all active and inactive participants 2022-01-01 189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 189
Number of participants with account balances 2022-01-01 130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 19
2021: THE LYONS COMPANIES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 180
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 165
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 18
Total of all active and inactive participants 2021-01-01 183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 183
Number of participants with account balances 2021-01-01 126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 8
2020: THE LYONS COMPANIES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-07-01 187
Total number of active participants reported on line 7a of the Form 5500 2020-07-01 173
Number of other retired or separated participants entitled to future benefits 2020-07-01 7
Total of all active and inactive participants 2020-07-01 180
Total participants 2020-07-01 180
Number of participants with account balances 2020-07-01 121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-07-01 7

Measure	Date	Value
2022: THE LYONS COMPANIES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	211
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	167
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	22
Total of all active and inactive participants	2022-01-01	189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	189
Number of participants with account balances	2022-01-01	130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	19
2021: THE LYONS COMPANIES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	180
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	165
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	18
Total of all active and inactive participants	2021-01-01	183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	183
Number of participants with account balances	2021-01-01	126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	8
2020: THE LYONS COMPANIES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-07-01	187
Total number of active participants reported on line 7a of the Form 5500	2020-07-01	173
Number of other retired or separated participants entitled to future benefits	2020-07-01	7
Total of all active and inactive participants	2020-07-01	180
Total participants	2020-07-01	180
Number of participants with account balances	2020-07-01	121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-07-01	7

Financial Data on THE LYONS COMPANIES 401(K) PLAN

Measure	Date	Value
2022 : THE LYONS COMPANIES 401(K) PLAN 2022 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$20
Total income from all sources (including contributions)	2022-12-31	$292,164
Total of all expenses incurred	2022-12-31	$70,598
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$52,175
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$424,514
Value of total assets at end of year	2022-12-31	$868,229
Value of total assets at beginning of year	2022-12-31	$646,683
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$18,423
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$300,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$385,192
Administrative expenses (other) incurred	2022-12-31	$18,423
Total non interest bearing cash at end of year	2022-12-31	$2,223
Total non interest bearing cash at beginning of year	2022-12-31	$89
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$221,566
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$868,229
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$646,663
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$865,592
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$646,194
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-132,350
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$39,322
Employer contributions (assets) at end of year	2022-12-31	$414
Employer contributions (assets) at beginning of year	2022-12-31	$400
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$52,175
Liabilities. Value of benefit claims payable at end of year	2022-12-31	$0
Liabilities. Value of benefit claims payable at beginning of year	2022-12-31	$20
Did the plan have assets held for investment	2022-12-31	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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	MCM CPAS & ADVISORS LLP
Accountancy firm EIN	2022-12-31	271235638
2021 : THE LYONS COMPANIES 401(K) PLAN 2021 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$20
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$20
Total income from all sources (including contributions)	2021-12-31	$462,338
Total of all expenses incurred	2021-12-31	$15,537
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$3,190
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$412,429
Value of total assets at end of year	2021-12-31	$646,683
Value of total assets at beginning of year	2021-12-31	$199,882
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$12,347
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$300,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$374,851
Total non interest bearing cash at end of year	2021-12-31	$89
Total non interest bearing cash at beginning of year	2021-12-31	$89
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$446,801
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$646,663
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$199,862
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$87
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$646,194
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$199,793
Net investment gain/loss from pooled separate accounts	2021-12-31	$49,909
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$37,578
Employer contributions (assets) at end of year	2021-12-31	$400
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$3,190
Contract administrator fees	2021-12-31	$12,260
Liabilities. Value of benefit claims payable at end of year	2021-12-31	$20
Liabilities. Value of benefit claims payable at beginning of year	2021-12-31	$20
Did the plan have assets held for investment	2021-12-31	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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	MCM CPAS & ADVISORS LLP
Accountancy firm EIN	2021-12-31	271235638
2020 : THE LYONS COMPANIES 401(K) PLAN 2020 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$20
Total income from all sources (including contributions)	2020-12-31	$204,611
Total of all expenses incurred	2020-12-31	$4,749
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$1,234
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$187,597
Value of total assets at end of year	2020-12-31	$199,882
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$3,515
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$300,000
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	$166,282
Administrative expenses (other) incurred	2020-12-31	$25
Total non interest bearing cash at end of year	2020-12-31	$89
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	$199,862
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$199,862
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
Investment advisory and management fees	2020-12-31	$10
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$199,793
Net investment gain/loss from pooled separate accounts	2020-12-31	$17,014
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
Contributions received in cash from employer	2020-12-31	$21,315
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$1,234
Contract administrator fees	2020-12-31	$3,480
Liabilities. Value of benefit claims payable at end of year	2020-12-31	$20
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

Form 5500 Responses for THE LYONS COMPANIES 401(K) PLAN

2022: THE LYONS COMPANIES 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
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
2021: THE LYONS COMPANIES 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	Yes
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: THE LYONS COMPANIES 401(K) PLAN 2020 form 5500 responses
2020-07-01	Type of plan entity	Single employer plan
2020-07-01	First time form 5500 has been submitted	Yes
2020-07-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2020-07-01	Plan funding arrangement – Insurance	Yes
2020-07-01	Plan funding arrangement – Trust	Yes
2020-07-01	Plan benefit arrangement – Insurance	Yes
2020-07-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

145003

Policy instance

Insurance contract or identification number	145003
Number of Individuals Covered	142
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $3,640
Total amount of fees paid to insurance company	USD $1,606
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	1606
Additional information about fees paid to insurance broker	TPA FEES
Insurance broker organization code?	5

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

145003

Policy instance

Insurance contract or identification number	145003
Number of Individuals Covered	133
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $1,998
Total amount of fees paid to insurance company	USD $2,453
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	2453
Additional information about fees paid to insurance broker	TPA FEES
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $1,998

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

145003

Policy instance

Insurance contract or identification number	145003
Number of Individuals Covered	124
Insurance policy start date	2020-07-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $191
Total amount of fees paid to insurance company	USD $1,629
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	1629
Additional information about fees paid to insurance broker	TPA FEES
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $191

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Company Name:	THE LYONS COMPANIES
Employer identification number (EIN):	260645027
NAIC Classification:	332300