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COMM 1 NETWORK, INC. 401(K) PLAN 401k Plan overview

Plan NameCOMM 1 NETWORK, INC. 401(K) PLAN
Plan identification number 001

COMM 1 NETWORK, INC. 401(K) 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.

401k Sponsoring company profile

COMMUNICATIONS 1 NETWORK, INC. has sponsored the creation of one or more 401k plans.

Company Name:COMMUNICATIONS 1 NETWORK, INC.
Employer identification number (EIN):420444040
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMM 1 NETWORK, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RANDY YEAKEL2024-06-25 RANDY YEAKEL2024-06-25
0012022-01-01RANDY YEAKEL2023-07-14 RANDY YEAKEL2023-07-14

Plan Statistics for COMM 1 NETWORK, INC. 401(K) PLAN

401k plan membership statisitcs for COMM 1 NETWORK, INC. 401(K) PLAN

Measure Date Value
2025: COMM 1 NETWORK, INC. 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-08-2826
Total number of particpants at end of year2025-08-2827
Number of Participants With Account Balances2025-08-2825
2024: COMM 1 NETWORK, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-2527
Total number of particpants at end of year2024-06-2526
Number of Participants With Account Balances2024-06-2524

Financial Data on COMM 1 NETWORK, INC. 401(K) PLAN

Measure Date Value
2025 : COMM 1 NETWORK, INC. 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-08-2816925
Net assets as of the end of the plan year2025-08-282446536
Total assets as of the beginning of the plan year2025-08-281878275
Value of plan covered by a fidelity bond2025-08-28400000
Participant contributions to plan in this plan year2025-08-28105933
Other income to plan in this plan year2025-08-28327765
Plan net income in this plan year2025-08-28568261
Net assets as of the end of the plan year2025-08-282446536
Net assets as of the beginning of the plan year2025-08-281878275
Employer contributions to plan in this plan year2025-08-28151488
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-2811064
2024 : COMM 1 NETWORK, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-250
Total expenses incurred by plan in this plan year2024-06-2521495
Net assets as of the end of the plan year2024-06-251878275
Total assets as of the beginning of the plan year2024-06-251348775
Value of plan covered by a fidelity bond2024-06-25400000
Participant contributions to plan in this plan year2024-06-25101986
Other contributions to plan in this plan year2024-06-250
Other income to plan in this plan year2024-06-25291197
Plan net income in this plan year2024-06-25529500
Net assets as of the end of the plan year2024-06-251878275
Net assets as of the beginning of the plan year2024-06-251348775
Employer contributions to plan in this plan year2024-06-25157812
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-258563

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