401k Plan data: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN plan

PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN
Plan identification number	001

PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PARADISO PAINTING COMPANY, INC has sponsored the creation of one or more 401k plans.

Company Name: PARADISO PAINTING COMPANY, INC

Employer identification number (EIN): 630778547

NAIC Classification: 238300

Additional information about PARADISO PAINTING COMPANY, INC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division

Incorporation Date:

Company Identification Number: 589249

More information about PARADISO PAINTING COMPANY, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-05-01
001 2021-05-01
001 2020-05-01
001 2019-05-01
001 2018-05-01
001 2017-05-01 KATHI WALKER
001 2016-05-01 KATHI WALKER
001 2015-05-01 STACEY H. MCCOMAS 2016-07-21 KATHI D. WALKER 2016-07-21
001 2015-05-01 KATHI WALKER 2016-10-13
001 2014-05-01 KATHI WALKER 2015-10-23
001 2013-05-01 KATHI WALKER 2014-10-01
001 2012-05-01 KATHI WALKER 2013-09-09
001 2011-05-01 KATHI WALKER 2012-10-15
001 2010-05-01 KATHI WALKER 2011-09-22

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-05-01
001	2021-05-01
001	2020-05-01
001	2019-05-01
001	2018-05-01
001	2017-05-01	KATHI WALKER
001	2016-05-01	KATHI WALKER
001	2015-05-01	STACEY H. MCCOMAS	2016-07-21	KATHI D. WALKER	2016-07-21
001	2015-05-01	KATHI WALKER	2016-10-13
001	2014-05-01	KATHI WALKER	2015-10-23
001	2013-05-01	KATHI WALKER	2014-10-01
001	2012-05-01	KATHI WALKER	2013-09-09
001	2011-05-01	KATHI WALKER	2012-10-15
001	2010-05-01	KATHI WALKER	2011-09-22

Plan Statistics for PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-05-01 27
Total number of active participants reported on line 7a of the Form 5500 2022-05-01 17
Number of other retired or separated participants entitled to future benefits 2022-05-01 8
Total of all active and inactive participants 2022-05-01 25
Total participants 2022-05-01 25
Number of participants with account balances 2022-05-01 23
2021: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-05-01 25
Total number of active participants reported on line 7a of the Form 5500 2021-05-01 17
Number of other retired or separated participants entitled to future benefits 2021-05-01 9
Total of all active and inactive participants 2021-05-01 26
Total participants 2021-05-01 26
Number of participants with account balances 2021-05-01 24
2020: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-05-01 28
Total number of active participants reported on line 7a of the Form 5500 2020-05-01 17
Number of other retired or separated participants entitled to future benefits 2020-05-01 8
Total of all active and inactive participants 2020-05-01 25
Total participants 2020-05-01 25
Number of participants with account balances 2020-05-01 24
2019: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-05-01 43
Total number of active participants reported on line 7a of the Form 5500 2019-05-01 20
Number of other retired or separated participants entitled to future benefits 2019-05-01 8
Total of all active and inactive participants 2019-05-01 28
Total participants 2019-05-01 28
Number of participants with account balances 2019-05-01 25
2018: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-05-01 45
Total number of active participants reported on line 7a of the Form 5500 2018-05-01 22
Number of other retired or separated participants entitled to future benefits 2018-05-01 21
Total of all active and inactive participants 2018-05-01 43
Total participants 2018-05-01 43
Number of participants with account balances 2018-05-01 39
2017: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-05-01 48
Total number of active participants reported on line 7a of the Form 5500 2017-05-01 21
Number of other retired or separated participants entitled to future benefits 2017-05-01 20
Total of all active and inactive participants 2017-05-01 41
Total participants 2017-05-01 41
Number of participants with account balances 2017-05-01 39
2016: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-05-01 47
Total number of active participants reported on line 7a of the Form 5500 2016-05-01 23
Number of other retired or separated participants entitled to future benefits 2016-05-01 26
Total of all active and inactive participants 2016-05-01 49
Total participants 2016-05-01 49
Number of participants with account balances 2016-05-01 45

Measure	Date	Value
2022: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-05-01	27
Total number of active participants reported on line 7a of the Form 5500	2022-05-01	17
Number of other retired or separated participants entitled to future benefits	2022-05-01	8
Total of all active and inactive participants	2022-05-01	25
Total participants	2022-05-01	25
Number of participants with account balances	2022-05-01	23
2021: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-05-01	25
Total number of active participants reported on line 7a of the Form 5500	2021-05-01	17
Number of other retired or separated participants entitled to future benefits	2021-05-01	9
Total of all active and inactive participants	2021-05-01	26
Total participants	2021-05-01	26
Number of participants with account balances	2021-05-01	24
2020: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-05-01	28
Total number of active participants reported on line 7a of the Form 5500	2020-05-01	17
Number of other retired or separated participants entitled to future benefits	2020-05-01	8
Total of all active and inactive participants	2020-05-01	25
Total participants	2020-05-01	25
Number of participants with account balances	2020-05-01	24
2019: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-05-01	43
Total number of active participants reported on line 7a of the Form 5500	2019-05-01	20
Number of other retired or separated participants entitled to future benefits	2019-05-01	8
Total of all active and inactive participants	2019-05-01	28
Total participants	2019-05-01	28
Number of participants with account balances	2019-05-01	25
2018: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-05-01	45
Total number of active participants reported on line 7a of the Form 5500	2018-05-01	22
Number of other retired or separated participants entitled to future benefits	2018-05-01	21
Total of all active and inactive participants	2018-05-01	43
Total participants	2018-05-01	43
Number of participants with account balances	2018-05-01	39
2017: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-05-01	48
Total number of active participants reported on line 7a of the Form 5500	2017-05-01	21
Number of other retired or separated participants entitled to future benefits	2017-05-01	20
Total of all active and inactive participants	2017-05-01	41
Total participants	2017-05-01	41
Number of participants with account balances	2017-05-01	39
2016: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-05-01	47
Total number of active participants reported on line 7a of the Form 5500	2016-05-01	23
Number of other retired or separated participants entitled to future benefits	2016-05-01	26
Total of all active and inactive participants	2016-05-01	49
Total participants	2016-05-01	49
Number of participants with account balances	2016-05-01	45

Financial Data on PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2023 : PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total income from all sources	2023-04-30	$53,079
Expenses. Total of all expenses incurred	2023-04-30	$51,002
Benefits paid (including direct rollovers)	2023-04-30	$51,002
Total plan assets at end of year	2023-04-30	$1,141,274
Total plan assets at beginning of year	2023-04-30	$1,139,197
Value of fidelity bond covering the plan	2023-04-30	$123,000
Total contributions received or receivable from participants	2023-04-30	$61,441
Other income received	2023-04-30	$-8,362
Net income (gross income less expenses)	2023-04-30	$2,077
Net plan assets at end of year (total assets less liabilities)	2023-04-30	$1,141,274
Net plan assets at beginning of year (total assets less liabilities)	2023-04-30	$1,139,197
2022 : PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources	2022-04-30	$-31,392
Expenses. Total of all expenses incurred	2022-04-30	$56,884
Benefits paid (including direct rollovers)	2022-04-30	$56,884
Total plan assets at end of year	2022-04-30	$1,139,197
Total plan assets at beginning of year	2022-04-30	$1,227,473
Value of fidelity bond covering the plan	2022-04-30	$123,000
Total contributions received or receivable from participants	2022-04-30	$63,092
Other income received	2022-04-30	$-94,484
Net income (gross income less expenses)	2022-04-30	$-88,276
Net plan assets at end of year (total assets less liabilities)	2022-04-30	$1,139,197
Net plan assets at beginning of year (total assets less liabilities)	2022-04-30	$1,227,473
2021 : PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources	2021-04-30	$324,846
Expenses. Total of all expenses incurred	2021-04-30	$54,305
Benefits paid (including direct rollovers)	2021-04-30	$54,305
Total plan assets at end of year	2021-04-30	$1,227,473
Total plan assets at beginning of year	2021-04-30	$956,932
Value of fidelity bond covering the plan	2021-04-30	$123,000
Total contributions received or receivable from participants	2021-04-30	$63,642
Other income received	2021-04-30	$261,204
Net income (gross income less expenses)	2021-04-30	$270,541
Net plan assets at end of year (total assets less liabilities)	2021-04-30	$1,227,473
Net plan assets at beginning of year (total assets less liabilities)	2021-04-30	$956,932
2020 : PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources	2020-04-30	$45,675
Expenses. Total of all expenses incurred	2020-04-30	$96,374
Benefits paid (including direct rollovers)	2020-04-30	$96,374
Total plan assets at end of year	2020-04-30	$956,932
Total plan assets at beginning of year	2020-04-30	$1,007,631
Value of fidelity bond covering the plan	2020-04-30	$101,000
Total contributions received or receivable from participants	2020-04-30	$71,393
Other income received	2020-04-30	$-25,718
Net income (gross income less expenses)	2020-04-30	$-50,699
Net plan assets at end of year (total assets less liabilities)	2020-04-30	$956,932
Net plan assets at beginning of year (total assets less liabilities)	2020-04-30	$1,007,631
2018 : PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources	2018-04-30	$128,532
Expenses. Total of all expenses incurred	2018-04-30	$453,941
Benefits paid (including direct rollovers)	2018-04-30	$453,941
Total plan assets at end of year	2018-04-30	$934,524
Total plan assets at beginning of year	2018-04-30	$1,259,933
Value of fidelity bond covering the plan	2018-04-30	$126,000
Total contributions received or receivable from participants	2018-04-30	$66,947
Other income received	2018-04-30	$61,585
Net income (gross income less expenses)	2018-04-30	$-325,409
Net plan assets at end of year (total assets less liabilities)	2018-04-30	$934,524
Net plan assets at beginning of year (total assets less liabilities)	2018-04-30	$1,259,933
2017 : PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources	2017-04-30	$109,153
Expenses. Total of all expenses incurred	2017-04-30	$24,396
Benefits paid (including direct rollovers)	2017-04-30	$24,396
Total plan assets at end of year	2017-04-30	$1,259,933
Total plan assets at beginning of year	2017-04-30	$1,175,176
Value of fidelity bond covering the plan	2017-04-30	$500,000
Total contributions received or receivable from participants	2017-04-30	$33,217
Other income received	2017-04-30	$75,936
Net income (gross income less expenses)	2017-04-30	$84,757
Net plan assets at end of year (total assets less liabilities)	2017-04-30	$1,259,933
Net plan assets at beginning of year (total assets less liabilities)	2017-04-30	$1,175,176

Form 5500 Responses for PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN

2022: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-05-01	Type of plan entity	Single employer plan
2022-05-01	Plan funding arrangement – Trust	Yes
2022-05-01	Plan benefit arrangement - Trust	Yes
2021: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-05-01	Type of plan entity	Single employer plan
2021-05-01	Plan funding arrangement – Trust	Yes
2021-05-01	Plan benefit arrangement - Trust	Yes
2020: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-05-01	Type of plan entity	Single employer plan
2020-05-01	Plan funding arrangement – Trust	Yes
2020-05-01	Plan benefit arrangement - Trust	Yes
2019: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-05-01	Type of plan entity	Single employer plan
2019-05-01	Plan funding arrangement – Trust	Yes
2019-05-01	Plan benefit arrangement - Trust	Yes
2018: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-05-01	Type of plan entity	Single employer plan
2018-05-01	Plan funding arrangement – Trust	Yes
2018-05-01	Plan benefit arrangement - Trust	Yes
2017: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-05-01	Type of plan entity	Single employer plan
2017-05-01	Plan funding arrangement – Trust	Yes
2017-05-01	Plan benefit arrangement - Trust	Yes
2016: PARADISO PAINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-05-01	Type of plan entity	Single employer plan
2016-05-01	Plan funding arrangement – Trust	Yes
2016-05-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )

Policy contract number

G30006

Policy instance

Insurance contract or identification number	G30006
Number of Individuals Covered	23
Insurance policy start date	2022-05-01
Insurance policy end date	2023-04-30
Total amount of commissions paid to insurance broker	USD $5,613
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $5,613
Insurance broker organization code?	3

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )

Policy contract number

G30006

Policy instance

Insurance contract or identification number	G30006
Number of Individuals Covered	25
Insurance policy start date	2021-05-01
Insurance policy end date	2022-04-30
Total amount of commissions paid to insurance broker	USD $6,157
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $6,157
Insurance broker organization code?	3

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )

Policy contract number

G30006

Policy instance

Insurance contract or identification number	G30006
Number of Individuals Covered	26
Insurance policy start date	2020-05-01
Insurance policy end date	2021-04-30
Total amount of commissions paid to insurance broker	USD $5,601
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $5,601
Insurance broker organization code?	3

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )

Policy contract number

G30006

Policy instance

Insurance contract or identification number	G30006
Number of Individuals Covered	25
Insurance policy start date	2019-05-01
Insurance policy end date	2020-04-30
Total amount of commissions paid to insurance broker	USD $4,900
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $4,900
Insurance broker organization code?	3

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )

Policy contract number

G30006

Policy instance

Insurance contract or identification number	G30006
Number of Individuals Covered	39
Insurance policy start date	2018-05-01
Insurance policy end date	2019-04-30
Total amount of commissions paid to insurance broker	USD $4,819
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $4,819
Insurance broker organization code?	3

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See full terms and conditions

Company Name:	PARADISO PAINTING COMPANY, INC
Employer identification number (EIN):	630778547
NAIC Classification:	238300

Jurisdiction of Incorporation:	Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number:	589249