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BUTTONWOOD MEMENTOS LLC 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameBUTTONWOOD MEMENTOS LLC 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number 001

BUTTONWOOD MEMENTOS LLC 401(K) PROFIT SHARING PLAN AND TRUST 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.
  • 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

BUTTONWOOD MEMENTOS LLC has sponsored the creation of one or more 401k plans.

Company Name:BUTTONWOOD MEMENTOS LLC
Employer identification number (EIN):364656818
NAIC Classification:812990
NAIC Description:All Other Personal Services

Additional information about BUTTONWOOD MEMENTOS LLC

Jurisdiction of Incorporation: North Carolina Secretary of State
Incorporation Date:
Company Identification Number: 1102503

More information about BUTTONWOOD MEMENTOS LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUTTONWOOD MEMENTOS LLC 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01DANA SZARKA2023-10-03
0012021-01-01DANA SZARKA2022-08-31
0012020-01-01

Plan Statistics for BUTTONWOOD MEMENTOS LLC 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for BUTTONWOOD MEMENTOS LLC 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2020: BUTTONWOOD MEMENTOS LLC 401(K) PROFIT SHARING PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-018
Total number of active participants reported on line 7a of the Form 55002020-01-018
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-018
Number of participants with account balances2020-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on BUTTONWOOD MEMENTOS LLC 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2020 : BUTTONWOOD MEMENTOS LLC 401(K) PROFIT SHARING PLAN AND TRUST 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$25,875
Expenses. Total of all expenses incurred2020-12-31$1,862
Benefits paid (including direct rollovers)2020-12-31$116
Total plan assets at end of year2020-12-31$65,779
Total plan assets at beginning of year2020-12-31$41,766
Total contributions received or receivable from participants2020-12-31$18,092
Other income received2020-12-31$7,783
Net income (gross income less expenses)2020-12-31$24,013
Net plan assets at end of year (total assets less liabilities)2020-12-31$65,779
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$41,766
Value of corrective distributions2020-12-31$625
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$1,121
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0

Form 5500 Responses for BUTTONWOOD MEMENTOS LLC 401(K) PROFIT SHARING PLAN AND TRUST

2020: BUTTONWOOD MEMENTOS LLC 401(K) PROFIT SHARING PLAN AND TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )
Policy contract number802189
Policy instance 1
Insurance contract or identification number802189
Number of Individuals Covered6
Insurance policy start date2020-01-15
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $219
Total amount of fees paid to insurance companyUSD $389
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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
Amount paid for insurance broker fees261
Additional information about fees paid to insurance brokerTPA COMPENSATION
Insurance broker organization code?5
Commission paid to Insurance BrokerUSD $219

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