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DIRECT BRANDS INC. 401(K) SAVINGS PLAN 401k Plan overview

Plan NameDIRECT BRANDS INC. 401(K) SAVINGS PLAN
Plan identification number 001

DIRECT BRANDS INC. 401(K) SAVINGS PLAN Benefits

401k Plan TypeDefined 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.
  • 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

DIRECT BRANDS INC. has sponsored the creation of one or more 401k plans.

Company Name:DIRECT BRANDS INC.
Employer identification number (EIN):263603652
NAIC Classification:423400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DIRECT BRANDS INC. 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01BRAD MARTELL2019-10-29
0012018-01-01BRAD MARTELL
0012017-01-01BRAD MARTELL
0012016-01-01BRAD MARTELL
0012015-01-01BRAD MARTELL
0012014-09-01BRAD MARTELL

Financial Data on DIRECT BRANDS INC. 401(K) SAVINGS PLAN

Measure Date Value
2018 : DIRECT BRANDS INC. 401(K) SAVINGS PLAN 2018 401k financial data
Total income from all sources2018-12-31$97
Expenses. Total of all expenses incurred2018-12-31$125,770
Benefits paid (including direct rollovers)2018-12-31$124,160
Total plan assets at end of year2018-12-31$18,208
Total plan assets at beginning of year2018-12-31$143,881
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-3,610
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-125,673
Net plan assets at end of year (total assets less liabilities)2018-12-31$18,208
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$143,881
Total contributions received or receivable from employer(s)2018-12-31$3,707
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$1,610
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : DIRECT BRANDS INC. 401(K) SAVINGS PLAN 2017 401k financial data
Total income from all sources2017-12-31$22,573
Expenses. Total of all expenses incurred2017-12-31$0
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$143,881
Total plan assets at beginning of year2017-12-31$121,308
Value of fidelity bond covering the plan2017-12-31$14,388
Total contributions received or receivable from participants2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$18,123
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$22,573
Net plan assets at end of year (total assets less liabilities)2017-12-31$143,881
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$121,308
Total contributions received or receivable from employer(s)2017-12-31$4,450
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : DIRECT BRANDS INC. 401(K) SAVINGS PLAN 2016 401k financial data
Total income from all sources2016-12-31$17,135
Expenses. Total of all expenses incurred2016-12-31$893
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$121,308
Total plan assets at beginning of year2016-12-31$105,066
Value of fidelity bond covering the plan2016-12-31$12,131
Total contributions received or receivable from participants2016-12-31$0
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$13,170
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$16,242
Net plan assets at end of year (total assets less liabilities)2016-12-31$121,308
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$105,066
Total contributions received or receivable from employer(s)2016-12-31$3,965
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$472
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$421
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : DIRECT BRANDS INC. 401(K) SAVINGS PLAN 2015 401k financial data
Total income from all sources2015-12-31$1,180
Expenses. Total of all expenses incurred2015-12-31$4,693
Benefits paid (including direct rollovers)2015-12-31$4,583
Total plan assets at end of year2015-12-31$105,066
Total plan assets at beginning of year2015-12-31$108,579
Value of fidelity bond covering the plan2015-12-31$10,900
Total contributions received or receivable from participants2015-12-31$634
Other income received2015-12-31$-2,730
Net income (gross income less expenses)2015-12-31$-3,513
Net plan assets at end of year (total assets less liabilities)2015-12-31$105,066
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$108,579
Total contributions received or receivable from employer(s)2015-12-31$3,276
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$110
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : DIRECT BRANDS INC. 401(K) SAVINGS PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$106,700
Total income from all sources2014-12-31$1,879
Expenses. Total of all expenses incurred2014-12-31$0
Total plan assets at end of year2014-12-31$108,579
Total plan assets at beginning of year2014-12-31$0
Other income received2014-12-31$249
Net income (gross income less expenses)2014-12-31$1,879
Net plan assets at end of year (total assets less liabilities)2014-12-31$108,579
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$1,630

Form 5500 Responses for DIRECT BRANDS INC. 401(K) SAVINGS PLAN

2018: DIRECT BRANDS INC. 401(K) SAVINGS PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: DIRECT BRANDS INC. 401(K) SAVINGS PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: DIRECT BRANDS INC. 401(K) SAVINGS PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: DIRECT BRANDS INC. 401(K) SAVINGS PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: DIRECT BRANDS INC. 401(K) SAVINGS PLAN 2014 form 5500 responses
2014-09-01Type of plan entitySingle employer plan
2014-09-01First time form 5500 has been submittedYes
2014-09-01Submission has been amendedNo
2014-09-01This submission is the final filingNo
2014-09-01This return/report is a short plan year return/report (less than 12 months)Yes
2014-09-01Plan is a collectively bargained planNo
2014-09-01Plan funding arrangement – InsuranceYes
2014-09-01Plan funding arrangement – TrustYes
2014-09-01Plan benefit arrangement – InsuranceYes
2014-09-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number812329
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number812329
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number812329
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number812329
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number812329
Policy instance 1

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