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CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN 401k Plan overview

Plan NameCARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN
Plan identification number 001

CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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

CARRILLO BUSINESS TECHNOLOGIES, INC has sponsored the creation of one or more 401k plans.

Company Name:CARRILLO BUSINESS TECHNOLOGIES, INC
Employer identification number (EIN):330966074
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01RACHEL NELSON
0012023-01-01
0012023-01-01RACHEL NELSON
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01KELLY IRELAND2016-10-17
0012014-01-01KELLY IRELAND2015-10-14
0012013-01-01KELLY IRELAND2014-07-31
0012012-01-01KELLY IRELAND2013-10-12
0012011-01-01KELLY IRELAND2012-09-18
0012010-01-01CONTRACT ADMINISTRATOR2011-07-25

Plan Statistics for CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN

401k plan membership statisitcs for CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN

Measure Date Value
2023: CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0158
Total number of active participants reported on line 7a of the Form 55002023-01-0132
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0115
Total of all active and inactive participants2023-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0147
Number of participants with account balances2023-01-0144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-012
2022: CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN 2022 401k membership
Total number of particpants at beginning of year2022-09-2958
Total number of particpants at end of year2022-09-2963
Number of Participants With Account Balances2022-09-2954

Financial Data on CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN

Measure Date Value
2023 : CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$1,589,922
Expenses. Total of all expenses incurred2023-12-31$1,255,919
Benefits paid (including direct rollovers)2023-12-31$1,235,092
Total plan assets at end of year2023-12-31$7,910,201
Total plan assets at beginning of year2023-12-31$7,576,198
Value of fidelity bond covering the plan2023-12-31$500,000
Total contributions received or receivable from participants2023-12-31$467,434
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$1,122,488
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$334,003
Net plan assets at end of year (total assets less liabilities)2023-12-31$7,910,201
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$7,576,198
Assets. Value of participant loans2023-12-31$164,343
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$20,827
2022 : CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-09-290
Total liabilities as of the end of the plan year2022-09-290
Total liabilities as of the beginning of the plan year2022-09-290
Total expenses incurred by plan in this plan year2022-09-29827055
Net assets as of the end of the plan year2022-09-298269496
Total assets as of the beginning of the plan year2022-09-297294375
Value of plan covered by a fidelity bond2022-09-29500000
Participant contributions to plan in this plan year2022-09-29520389
Value of participant loans at end of plan year2022-09-29165108
Other expenses paid from plan in this plan year2022-09-2942433
Other contributions to plan in this plan year2022-09-29197731
Other income to plan in this plan year2022-09-29944994
Plan net income in this plan year2022-09-29975121
Net assets as of the end of the plan year2022-09-298269496
Net assets as of the beginning of the plan year2022-09-297294375
Employer contributions to plan in this plan year2022-09-29139062
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-290

Form 5500 Responses for CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN

2023: CARRILLO BUSINESS TECHNOLOGIES, INC. EMPLOYEES' RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes

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