401k Plan data: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN plan

SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 401k Plan overview

Plan Name	SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN
Plan identification number	001

SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SCARLET IBIS INVESTMENTS INC. has sponsored the creation of one or more 401k plans.

Company Name: SCARLET IBIS INVESTMENTS INC.

Employer identification number (EIN): 472167322

NAIC Classification: 541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2017-01-01 SEAN A. CHRYSOSTOM
001 2016-01-01 SEAN A. CHRYSOSTOM
001 2015-01-01 SEAN A. CHRYSOSTOM
001 2014-10-27 SEAN A. CHRYSOSTOM

Plan Statistics for SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN

401k plan membership statisitcs for SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN

Measure Date Value
2021: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 0
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 0
Total of all active and inactive participants 2021-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 0
Number of participants with account balances 2021-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 3
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 3
Number of participants with account balances 2020-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 6
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 6
Number of participants with account balances 2019-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2017: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 4
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 4
Number of participants with account balances 2017-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 2
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 2
Number of participants with account balances 2016-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 2
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 2
Number of participants with account balances 2015-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year 2014-10-27 1
Total number of active participants reported on line 7a of the Form 5500 2014-10-27 1
Number of retired or separated participants receiving benefits 2014-10-27 0
Number of other retired or separated participants entitled to future benefits 2014-10-27 0
Total of all active and inactive participants 2014-10-27 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-10-27 0
Total participants 2014-10-27 1
Number of participants with account balances 2014-10-27 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-10-27 0

Measure	Date	Value
2021: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	0
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	0
Total of all active and inactive participants	2021-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	0
Number of participants with account balances	2021-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	3
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	3
Number of participants with account balances	2020-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	6
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	6
Number of participants with account balances	2019-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2017: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	4
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	4
Number of participants with account balances	2017-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	2
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	2
Number of participants with account balances	2016-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	2
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	2
Number of participants with account balances	2015-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year	2014-10-27	1
Total number of active participants reported on line 7a of the Form 5500	2014-10-27	1
Number of retired or separated participants receiving benefits	2014-10-27	0
Number of other retired or separated participants entitled to future benefits	2014-10-27	0
Total of all active and inactive participants	2014-10-27	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-10-27	0
Total participants	2014-10-27	1
Number of participants with account balances	2014-10-27	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-10-27	0

Financial Data on SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN

Measure	Date	Value
2021 : SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2021 401k financial data
Total income from all sources	2021-08-31	$0
Expenses. Total of all expenses incurred	2021-08-31	$0
Total plan assets at end of year	2021-08-31	$0
Total plan assets at beginning of year	2021-08-31	$0
Value of fidelity bond covering the plan	2021-08-31	$7,500
Other income received	2021-08-31	$0
Net income (gross income less expenses)	2021-08-31	$0
Net plan assets at end of year (total assets less liabilities)	2021-08-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2021-08-31	$0
Assets. Value of employer securities	2021-08-31	$0
2020 : SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$-6,422,340
Expenses. Total of all expenses incurred	2020-12-31	$0
Total plan assets at end of year	2020-12-31	$0
Total plan assets at beginning of year	2020-12-31	$6,422,340
Value of fidelity bond covering the plan	2020-12-31	$7,500
Other income received	2020-12-31	$-6,422,340
Net income (gross income less expenses)	2020-12-31	$-6,422,340
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$6,422,340
Assets. Value of employer securities	2020-12-31	$0
2019 : SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$4,677,369
Expenses. Total of all expenses incurred	2019-12-31	$0
Total plan assets at end of year	2019-12-31	$6,422,340
Total plan assets at beginning of year	2019-12-31	$1,744,971
Value of fidelity bond covering the plan	2019-12-31	$7,500
Other income received	2019-12-31	$4,677,369
Net income (gross income less expenses)	2019-12-31	$4,677,369
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$6,422,340
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$1,744,971
Assets. Value of employer securities	2019-12-31	$6,422,340
2018 : SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$1,211,184
Expenses. Total of all expenses incurred	2018-12-31	$0
Benefits paid (including direct rollovers)	2018-12-31	$0
Total plan assets at end of year	2018-12-31	$1,744,971
Total plan assets at beginning of year	2018-12-31	$533,787
Value of fidelity bond covering the plan	2018-12-31	$7,500
Total contributions received or receivable from participants	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$1,211,184
Net income (gross income less expenses)	2018-12-31	$1,211,184
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$1,744,971
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$533,787
Assets. Value of employer securities	2018-12-31	$1,744,971
Total contributions received or receivable from employer(s)	2018-12-31	$0
Value of certain deemed distributions of participant loans	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$0
2017 : SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$169,625
Expenses. Total of all expenses incurred	2017-12-31	$15
Total plan assets at end of year	2017-12-31	$533,787
Total plan assets at beginning of year	2017-12-31	$364,177
Value of fidelity bond covering the plan	2017-12-31	$7,500
Contributions received from other sources (not participants or employers)	2017-12-31	$40,000
Other income received	2017-12-31	$129,625
Net income (gross income less expenses)	2017-12-31	$169,610
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$533,787
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$364,177
Assets. Value of employer securities	2017-12-31	$533,787
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$15
2016 : SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$304,329
Expenses. Total of all expenses incurred	2016-12-31	$0
Benefits paid (including direct rollovers)	2016-12-31	$0
Total plan assets at end of year	2016-12-31	$364,177
Total plan assets at beginning of year	2016-12-31	$59,848
Total contributions received or receivable from participants	2016-12-31	$0
Contributions received from other sources (not participants or employers)	2016-12-31	$0
Other income received	2016-12-31	$304,329
Net income (gross income less expenses)	2016-12-31	$304,329
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$364,177
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$59,848
Assets. Value of employer securities	2016-12-31	$364,177
Total contributions received or receivable from employer(s)	2016-12-31	$0
Value of certain deemed distributions of participant loans	2016-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$0
2015 : SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$-10,137
Expenses. Total of all expenses incurred	2015-12-31	$0
Benefits paid (including direct rollovers)	2015-12-31	$0
Total plan assets at end of year	2015-12-31	$59,848
Total plan assets at beginning of year	2015-12-31	$69,985
Total contributions received or receivable from participants	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$0
Other income received	2015-12-31	$-10,137
Net income (gross income less expenses)	2015-12-31	$-10,137
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$59,848
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$69,985
Assets. Value of employer securities	2015-12-31	$59,848
Total contributions received or receivable from employer(s)	2015-12-31	$0
Value of certain deemed distributions of participant loans	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$0
2014 : SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$70,000
Expenses. Total of all expenses incurred	2014-12-31	$15
Benefits paid (including direct rollovers)	2014-12-31	$0
Total plan assets at end of year	2014-12-31	$69,985
Total contributions received or receivable from participants	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$70,000
Other income received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$69,985
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$69,985
Assets. Value of employer securities	2014-12-31	$69,985
Total contributions received or receivable from employer(s)	2014-12-31	$0
Value of certain deemed distributions of participant loans	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$15

Form 5500 Responses for SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN

2021: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	Yes
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2017: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SCARLET IBIS INVESTMENTS INC. RETIREMENT PLAN 2014 form 5500 responses
2014-10-27	Type of plan entity	Single employer plan
2014-10-27	First time form 5500 has been submitted	Yes
2014-10-27	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-10-27	Plan funding arrangement – Trust	Yes
2014-10-27	Plan benefit arrangement - Trust	Yes

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Company Name:	SCARLET IBIS INVESTMENTS INC.
Employer identification number (EIN):	472167322
NAIC Classification:	541600