401k Plan data: SPARKRED INC. 401(K) PLAN plan

SPARKRED INC. 401(K) PLAN 401k Plan overview

Plan Name	SPARKRED INC. 401(K) PLAN
Plan identification number	001

SPARKRED INC. 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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SPARK RED has sponsored the creation of one or more 401k plans.

Company Name: SPARK RED

Employer identification number (EIN): 261658811

NAIC Classification: 518210
NAIC Description: Data Processing, Hosting, and Related Services

Additional information about SPARK RED

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 4456275

More information about SPARK RED

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SPARKRED INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 RUSSELL MOORE 2018-05-01
001 2016-01-01 RUSSELL MOORE 2017-07-21
001 2015-01-01
001 2014-01-01 JOHN COOKE 2015-08-27
001 2013-01-01 JOHN COOKE 2014-07-03
001 2012-05-15 JOHN COOKE 2013-04-05

Plan Statistics for SPARKRED INC. 401(K) PLAN

401k plan membership statisitcs for SPARKRED INC. 401(K) PLAN

Measure Date Value
2022: SPARKRED INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 45
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 71
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 25
Total of all active and inactive participants 2022-01-01 96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 96
Number of participants with account balances 2022-01-01 95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 15
2021: SPARKRED INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 57
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 33
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 12
Total of all active and inactive participants 2021-01-01 45
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 45
Number of participants with account balances 2021-01-01 38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 5
2020: SPARKRED INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 47
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 50
Number of other retired or separated participants entitled to future benefits 2020-01-01 7
Total of all active and inactive participants 2020-01-01 57
Total participants 2020-01-01 57
Number of participants with account balances 2020-01-01 46
2019: SPARKRED INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 32
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 45
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 2
Total of all active and inactive participants 2019-01-01 47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 47
Number of participants with account balances 2019-01-01 34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: SPARKRED INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 30
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 30
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 2
Total of all active and inactive participants 2018-01-01 32
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 32
Number of participants with account balances 2018-01-01 26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0

Measure	Date	Value
2022: SPARKRED INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	45
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	71
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	25
Total of all active and inactive participants	2022-01-01	96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	96
Number of participants with account balances	2022-01-01	95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	15
2021: SPARKRED INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	57
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	33
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	12
Total of all active and inactive participants	2021-01-01	45
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	45
Number of participants with account balances	2021-01-01	38
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	5
2020: SPARKRED INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	47
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	50
Number of other retired or separated participants entitled to future benefits	2020-01-01	7
Total of all active and inactive participants	2020-01-01	57
Total participants	2020-01-01	57
Number of participants with account balances	2020-01-01	46
2019: SPARKRED INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	32
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	45
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	2
Total of all active and inactive participants	2019-01-01	47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	47
Number of participants with account balances	2019-01-01	34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: SPARKRED INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	30
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	30
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	2
Total of all active and inactive participants	2018-01-01	32
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	32
Number of participants with account balances	2018-01-01	26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0

Financial Data on SPARKRED INC. 401(K) PLAN

Measure	Date	Value
2022 : SPARKRED INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$1,476,388
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$734,731
Expenses. Total of all expenses incurred	2022-12-31	$850,280
Benefits paid (including direct rollovers)	2022-12-31	$844,477
Total plan assets at end of year	2022-12-31	$4,908,540
Total plan assets at beginning of year	2022-12-31	$3,547,701
Value of fidelity bond covering the plan	2022-12-31	$60,000
Total contributions received or receivable from participants	2022-12-31	$850,419
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$205,799
Other income received	2022-12-31	$-690,896
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-115,549
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$4,908,540
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$3,547,701
Assets. Value of participant loans	2022-12-31	$32,177
Total contributions received or receivable from employer(s)	2022-12-31	$369,409
Value of certain deemed distributions of participant loans	2022-12-31	$3,543
Value of corrective distributions	2022-12-31	$688
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$1,572
2021 : SPARKRED INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$1,151,143
Expenses. Total of all expenses incurred	2021-12-31	$862,371
Benefits paid (including direct rollovers)	2021-12-31	$861,769
Total plan assets at end of year	2021-12-31	$3,547,701
Total plan assets at beginning of year	2021-12-31	$3,258,929
Value of fidelity bond covering the plan	2021-12-31	$60,000
Assets. Value of tangible personal property	2021-12-31	$0
Total contributions received or receivable from participants	2021-12-31	$410,415
Assets. Value of loans (other than to participants)	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$71,877
Other income received	2021-12-31	$492,805
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$288,772
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$3,547,701
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,258,929
Assets. Value of participant loans	2021-12-31	$4,774
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$0
Assets. Value of real-estate (other than employer real property)	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$0
Assets. Value of employer real property	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$176,046
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$602
2020 : SPARKRED INC. 401(K) PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$46,698
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$1,038,955
Expenses. Total of all expenses incurred	2020-12-31	$377,997
Benefits paid (including direct rollovers)	2020-12-31	$377,832
Total plan assets at end of year	2020-12-31	$3,258,929
Total plan assets at beginning of year	2020-12-31	$2,551,273
Value of fidelity bond covering the plan	2020-12-31	$60,000
Total contributions received or receivable from participants	2020-12-31	$388,228
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$53,379
Other income received	2020-12-31	$428,793
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$660,958
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,258,929
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,551,273
Assets. Value of participant loans	2020-12-31	$6,029
Total contributions received or receivable from employer(s)	2020-12-31	$168,555
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$165
2019 : SPARKRED INC. 401(K) PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$966,170
Expenses. Total of all expenses incurred	2019-12-31	$285,808
Benefits paid (including direct rollovers)	2019-12-31	$285,765
Total plan assets at end of year	2019-12-31	$2,551,273
Total plan assets at beginning of year	2019-12-31	$1,870,911
Value of fidelity bond covering the plan	2019-12-31	$60,000
Total contributions received or receivable from participants	2019-12-31	$361,548
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$450,317
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$680,362
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$2,551,273
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$1,870,911
Assets. Value of participant loans	2019-12-31	$8,281
Total contributions received or receivable from employer(s)	2019-12-31	$154,305
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$43
2018 : SPARKRED INC. 401(K) PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$0
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$573,837
Expenses. Total of all expenses incurred	2018-12-31	$15,169
Benefits paid (including direct rollovers)	2018-12-31	$15,000
Total plan assets at end of year	2018-12-31	$1,870,911
Total plan assets at beginning of year	2018-12-31	$1,312,243
Value of fidelity bond covering the plan	2018-12-31	$60,000
Total contributions received or receivable from participants	2018-12-31	$287,370
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$251,547
Other income received	2018-12-31	$-91,592
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$558,668
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$1,870,911
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$1,312,243
Assets. Value of participant loans	2018-12-31	$10,502
Total contributions received or receivable from employer(s)	2018-12-31	$126,512
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$169

Form 5500 Responses for SPARKRED INC. 401(K) PLAN

2022: SPARKRED INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SPARKRED INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SPARKRED INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SPARKRED INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SPARKRED INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )

Policy contract number

GA-831065

Policy instance

Insurance contract or identification number	GA-831065
Number of Individuals Covered	0
Insurance policy start date	2018-01-01
Insurance policy end date	2018-12-31
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
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
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	0

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Company Name:	SPARK RED
Employer identification number (EIN):	261658811
NAIC Classification:	518210
NAIC Description:	Data Processing, Hosting, and Related Services

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	4456275