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THRIVEWISE POOLED EMPLOYER PLAN 401k Plan overview

Plan NameTHRIVEWISE POOLED EMPLOYER PLAN
Plan identification number 333

THRIVEWISE POOLED EMPLOYER 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
  • 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.

401k Sponsoring company profile

ALTITUDE HOLDINGS SERVICE INC has sponsored the creation of one or more 401k plans.

Company Name:ALTITUDE HOLDINGS SERVICE INC
Employer identification number (EIN):420127290
NAIC Classification:111400
NAIC Description:Greenhouse, Nursery, and Floriculture Production

Additional information about ALTITUDE HOLDINGS SERVICE INC

Jurisdiction of Incorporation: Iowa Secretary of State Business Entities
Incorporation Date: 1879-06-24
Company Identification Number: 087817
Legal Registered Office Address: 505 5TH AVE STE 729

DES MOINES
United States of America (USA)
50309

More information about ALTITUDE HOLDINGS SERVICE INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THRIVEWISE POOLED EMPLOYER PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
3332022-01-01
3332021-01-01

Plan Statistics for THRIVEWISE POOLED EMPLOYER PLAN

401k plan membership statisitcs for THRIVEWISE POOLED EMPLOYER PLAN

Measure Date Value
2022: THRIVEWISE POOLED EMPLOYER PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-016,780
Total number of active participants reported on line 7a of the Form 55002022-01-016,228
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-011,182
Total of all active and inactive participants2022-01-017,410
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0123
Total participants2022-01-017,433
Number of participants with account balances2022-01-015,675
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-01139
2021: THRIVEWISE POOLED EMPLOYER PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-012,858
Total number of active participants reported on line 7a of the Form 55002021-01-012,618
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01599
Total of all active and inactive participants2021-01-013,217
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-012
Total participants2021-01-013,219
Number of participants with account balances2021-01-012,823
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0155

Financial Data on THRIVEWISE POOLED EMPLOYER PLAN

Measure Date Value
2022 : THRIVEWISE POOLED EMPLOYER PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$384,555,055
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$0
Total income from all sources (including contributions)2022-12-31$-8,030,472
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$57,725,303
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$56,711,842
Expenses. Certain deemed distributions of participant loans2022-12-31$114,377
Value of total corrective distributions2022-12-31$54,560
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$82,631,360
Value of total assets at end of year2022-12-31$588,444,418
Value of total assets at beginning of year2022-12-31$269,645,138
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$844,524
Total interest from all sources2022-12-31$1,434,217
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$4,859,598
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$4,859,598
Administrative expenses professional fees incurred2022-12-31$149,598
Was this plan covered by a fidelity bond2022-12-31No
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$33,209,779
Participant contributions at end of year2022-12-31$4,497,386
Participant contributions at beginning of year2022-12-31$2,023,654
Participant contributions at end of year2022-12-31$84,209
Participant contributions at beginning of year2022-12-31$97,158
Assets. Other investments not covered elsewhere at end of year2022-12-31$8,890,747
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$28,466,964
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$69,526
Other income not declared elsewhere2022-12-31$-1,018,858
Total non interest bearing cash at end of year2022-12-31$11,819,405
Total non interest bearing cash at beginning of year2022-12-31$232
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-65,755,775
Value of net assets at end of year (total assets less liabilities)2022-12-31$588,444,418
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$269,645,138
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$100,887
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$277,677,920
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$125,184,127
Value of interest in pooled separate accounts at beginning of year2022-12-31$64,278,247
Interest on participant loans2022-12-31$194,120
Interest earned on other investments2022-12-31$1,240,097
Value of interest in common/collective trusts at end of year2022-12-31$207,104,098
Value of interest in common/collective trusts at beginning of year2022-12-31$24,652,350
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$74,912,090
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$49,479,402
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-50,536,929
Net investment gain/loss from pooled separate accounts2022-12-31$-30,722,742
Net investment gain or loss from common/collective trusts2022-12-31$-14,677,118
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31Yes
Contributions received in cash from employer2022-12-31$20,954,617
Employer contributions (assets) at end of year2022-12-31$3,458,563
Employer contributions (assets) at beginning of year2022-12-31$3,929,968
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$56,642,316
Contract administrator fees2022-12-31$594,039
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2022-12-31410746749
2021 : THRIVEWISE POOLED EMPLOYER PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$245,524,556
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$48,850,303
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$25,590,889
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$25,045,692
Expenses. Certain deemed distributions of participant loans2021-12-31$41,156
Value of total corrective distributions2021-12-31$10,237
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$33,514,654
Value of total assets at end of year2021-12-31$268,783,970
Value of total assets at beginning of year2021-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$493,804
Total interest from all sources2021-12-31$720,830
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,562,965
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,562,965
Administrative expenses professional fees incurred2021-12-31$106,254
Was this plan covered by a fidelity bond2021-12-31No
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$14,948,859
Participant contributions at end of year2021-12-31$2,023,654
Participant contributions at end of year2021-12-31$97,158
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$8,482,166
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$36,620
Other income not declared elsewhere2021-12-31$-1,652,245
Total non interest bearing cash at end of year2021-12-31$232
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$23,259,414
Value of net assets at end of year (total assets less liabilities)2021-12-31$268,783,970
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$141,420
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$125,184,127
Value of interest in pooled separate accounts at end of year2021-12-31$64,278,247
Interest on participant loans2021-12-31$98,595
Interest earned on other investments2021-12-31$622,235
Value of interest in common/collective trusts at end of year2021-12-31$24,652,350
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$49,479,402
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$7,318,054
Net investment gain/loss from pooled separate accounts2021-12-31$6,297,125
Net investment gain or loss from common/collective trusts2021-12-31$1,088,920
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$10,083,629
Employer contributions (assets) at end of year2021-12-31$3,068,800
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$25,009,072
Contract administrator fees2021-12-31$246,130
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2021-12-31410746749

Form 5500 Responses for THRIVEWISE POOLED EMPLOYER PLAN

2022: THRIVEWISE POOLED EMPLOYER PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THRIVEWISE POOLED EMPLOYER PLAN 2021 form 5500 responses
2021-01-01Type of plan entityMulitple employer plan
2021-01-01First time form 5500 has been submittedYes
2021-01-01Submission has been amendedYes
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number820122
Policy instance 1
Insurance contract or identification number820122
Number of Individuals Covered7433
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
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?No
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
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 2
Insurance contract or identification number467968
Number of Individuals Covered7433
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $98
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
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees98
Additional information about fees paid to insurance brokerREFERRAL/SERVICE FEE
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number820122
Policy instance 1
Insurance contract or identification number820122
Number of Individuals Covered3219
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
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?No
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
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 2
Insurance contract or identification number467968
Number of Individuals Covered3219
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
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

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