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RAISING THE FLOOR US INC 401k Plan overview

Plan NameRAISING THE FLOOR US INC
Plan identification number 001

RAISING THE FLOOR US INC 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.
  • 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

RAISING THE FLOOR has sponsored the creation of one or more 401k plans.

Company Name:RAISING THE FLOOR
Employer identification number (EIN):455319186
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RAISING THE FLOOR US INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01GREGG VANDERHEIDEN2024-06-04
0012023-01-01GREGG VANDERHEIDEN2024-04-11
0012022-01-01ANN KISTING2023-05-26
0012021-01-01ANN KISTING2022-05-24
0012020-01-01EUGENE YANG2021-05-24
0012019-01-01
0012018-01-01EUGENE YANG2019-05-29
0012017-01-01EUGENE YANG2018-06-07
0012016-01-01EUGENE YANG2017-06-13

Financial Data on RAISING THE FLOOR US INC

Measure Date Value
2024 : RAISING THE FLOOR US INC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-0431730
Net assets as of the end of the plan year2024-06-040
Total assets as of the beginning of the plan year2024-06-0430313
Value of plan covered by a fidelity bond2024-06-0425000
Participant contributions to plan in this plan year2024-06-040
Other income to plan in this plan year2024-06-041417
Plan net income in this plan year2024-06-04-30313
Net assets as of the end of the plan year2024-06-040
Net assets as of the beginning of the plan year2024-06-0430313
Employer contributions to plan in this plan year2024-06-040
Fees paid to broker by Benefit Provider2024-06-0438
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-04480
Total expenses incurred by plan in this plan year2024-04-11105116
Net assets as of the end of the plan year2024-04-1130313
Total assets as of the beginning of the plan year2024-04-11112211
Value of plan covered by a fidelity bond2024-04-1125000
Participant contributions to plan in this plan year2024-04-112531
Other income to plan in this plan year2024-04-1116037
Plan net income in this plan year2024-04-11-81898
Net assets as of the end of the plan year2024-04-1130313
Net assets as of the beginning of the plan year2024-04-11112211
Employer contributions to plan in this plan year2024-04-114650
Fees paid to broker by Benefit Provider2024-04-11457
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-11120
2022 : RAISING THE FLOOR US INC 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-24123909
Net assets as of the end of the plan year2022-05-24122751
Total assets as of the beginning of the plan year2022-05-24197702
Value of plan covered by a fidelity bond2022-05-2425000
Participant contributions to plan in this plan year2022-05-249997
Other income to plan in this plan year2022-05-2435133
Plan net income in this plan year2022-05-24-74951
Net assets as of the end of the plan year2022-05-24122751
Net assets as of the beginning of the plan year2022-05-24197702
Employer contributions to plan in this plan year2022-05-243828
Fees paid to broker by Benefit Provider2022-05-241065
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-24220
2019 : RAISING THE FLOOR US INC 2019 401k financial data
Total income from all sources2019-12-31$115,747
Expenses. Total of all expenses incurred2019-12-31$0
Total plan assets at end of year2019-12-31$242,870
Total plan assets at beginning of year2019-12-31$127,123
Value of fidelity bond covering the plan2019-12-31$25,000
Total contributions received or receivable from participants2019-12-31$53,719
Other income received2019-12-31$37,989
Net income (gross income less expenses)2019-12-31$115,747
Net plan assets at end of year (total assets less liabilities)2019-12-31$242,870
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$127,123
Total contributions received or receivable from employer(s)2019-12-31$24,039
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0

Form 5500 Responses for RAISING THE FLOOR US INC

2019: RAISING THE FLOOR US INC 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan 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 number81C108
Policy instance 1

Potentially related plans

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