401k Plan data: CONNECTIVITY SOURCE 401(K) PLAN plan

CONNECTIVITY SOURCE 401(K) PLAN 401k Plan overview

Plan Name	CONNECTIVITY SOURCE 401(K) PLAN
Plan identification number	002

CONNECTIVITY SOURCE 401(K) PLAN Benefits

401k Plan Type

Defined 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

LIPSEY COMMUNICATION, INC. DBA CONNECTIVITY SOURCE has sponsored the creation of one or more 401k plans.

Company Name: LIPSEY COMMUNICATION, INC. DBA CONNECTIVITY SOURCE

Employer identification number (EIN): 721445049

NAIC Classification: 517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CONNECTIVITY SOURCE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01

Plan Statistics for CONNECTIVITY SOURCE 401(K) PLAN

401k plan membership statisitcs for CONNECTIVITY SOURCE 401(K) PLAN

Measure Date Value
2022: CONNECTIVITY SOURCE 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 600
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 547
Number of retired or separated participants receiving benefits 2022-01-01 41
Number of other retired or separated participants entitled to future benefits 2022-01-01 40
Total of all active and inactive participants 2022-01-01 628
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 628
Number of participants with account balances 2022-01-01 187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: CONNECTIVITY SOURCE 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 674
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 385
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 49
Total of all active and inactive participants 2021-01-01 434
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 434
Number of participants with account balances 2021-01-01 168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: CONNECTIVITY SOURCE 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 517
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 386
Number of retired or separated participants receiving benefits 2020-01-01 1
Number of other retired or separated participants entitled to future benefits 2020-01-01 22
Total of all active and inactive participants 2020-01-01 409
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 409
Number of participants with account balances 2020-01-01 111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0

Measure	Date	Value
2022: CONNECTIVITY SOURCE 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	600
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	547
Number of retired or separated participants receiving benefits	2022-01-01	41
Number of other retired or separated participants entitled to future benefits	2022-01-01	40
Total of all active and inactive participants	2022-01-01	628
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	628
Number of participants with account balances	2022-01-01	187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: CONNECTIVITY SOURCE 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	674
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	385
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	49
Total of all active and inactive participants	2021-01-01	434
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	434
Number of participants with account balances	2021-01-01	168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: CONNECTIVITY SOURCE 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	517
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	386
Number of retired or separated participants receiving benefits	2020-01-01	1
Number of other retired or separated participants entitled to future benefits	2020-01-01	22
Total of all active and inactive participants	2020-01-01	409
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	409
Number of participants with account balances	2020-01-01	111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0

Financial Data on CONNECTIVITY SOURCE 401(K) PLAN

Measure	Date	Value
2022 : CONNECTIVITY SOURCE 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$725,366
Total of all expenses incurred	2022-12-31	$362,135
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$333,795
Expenses. Certain deemed distributions of participant loans	2022-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$926,082
Value of total assets at end of year	2022-12-31	$1,540,558
Value of total assets at beginning of year	2022-12-31	$1,177,327
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$28,340
Total interest from all sources	2022-12-31	$1,783
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$0
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$503,798
Participant contributions at end of year	2022-12-31	$30,489
Participant contributions at beginning of year	2022-12-31	$29,444
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$11,883
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$77,586
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$363,231
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$1,540,558
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$1,177,327
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$28,340
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$1,331,800
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$1,026,693
Interest on participant loans	2022-12-31	$1,648
Interest earned on other investments	2022-12-31	$135
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$17,946
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$8,928
Expenses. Payments to insurance carriers foe the provision of benefits	2022-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-202,499
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$344,698
Employer contributions (assets) at end of year	2022-12-31	$160,323
Employer contributions (assets) at beginning of year	2022-12-31	$100,379
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$333,795
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	HANNIS T BOURGEOIS LLP
Accountancy firm EIN	2022-12-31	720636725
2021 : CONNECTIVITY SOURCE 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$745,492
Total of all expenses incurred	2021-12-31	$90,483
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$74,845
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$642,521
Value of total assets at end of year	2021-12-31	$1,177,327
Value of total assets at beginning of year	2021-12-31	$522,318
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$15,638
Total interest from all sources	2021-12-31	$389
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$33,988
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$33,988
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$52,232
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$354,647
Participant contributions at end of year	2021-12-31	$29,444
Participant contributions at beginning of year	2021-12-31	$1,352
Participant contributions at end of year	2021-12-31	$11,883
Participant contributions at beginning of year	2021-12-31	$11,795
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$12,660
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$655,009
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$1,177,327
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$522,318
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$1,026,693
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$452,074
Interest on participant loans	2021-12-31	$389
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$8,928
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$2,279
Expenses. Payments to insurance carriers foe the provision of benefits	2021-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$68,594
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$275,214
Employer contributions (assets) at end of year	2021-12-31	$100,379
Employer contributions (assets) at beginning of year	2021-12-31	$54,818
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$74,845
Contract administrator fees	2021-12-31	$15,638
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	HANNIS T BOURGEOIS LLP
Accountancy firm EIN	2021-12-31	720636725
2020 : CONNECTIVITY SOURCE 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)	2020-12-31	$535,724
Total of all expenses incurred	2020-12-31	$13,406
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$10,635
Expenses. Certain deemed distributions of participant loans	2020-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$470,106
Value of total assets at end of year	2020-12-31	$522,318
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$2,771
Total interest from all sources	2020-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$0
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$50,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$263,958
Participant contributions at end of year	2020-12-31	$1,352
Participant contributions at end of year	2020-12-31	$11,795
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$522,318
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$522,318
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$452,074
Interest on participant loans	2020-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$2,279
Expenses. Payments to insurance carriers foe the provision of benefits	2020-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$65,618
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$206,148
Employer contributions (assets) at end of year	2020-12-31	$54,818
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$10,635
Contract administrator fees	2020-12-31	$2,771
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	HANNIS T BOURGEOIS LLP
Accountancy firm EIN	2020-12-31	720636725

Form 5500 Responses for CONNECTIVITY SOURCE 401(K) PLAN

2022: CONNECTIVITY SOURCE 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: CONNECTIVITY SOURCE 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: CONNECTIVITY SOURCE 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	First time form 5500 has been submitted	Yes
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )

Policy contract number

860619

Policy instance

Insurance contract or identification number	860619
Number of Individuals Covered	190
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
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

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )

Policy contract number

860619

Policy instance

Insurance contract or identification number	860619
Number of Individuals Covered	168
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )

Policy contract number

860619

Policy instance

Insurance contract or identification number	860619
Number of Individuals Covered	111
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of fees paid to insurance company	USD $5
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	5
Insurance broker organization code?	5

Potentially related plans

CONNECTIVITY SOURCE LLC 401 K PROFIT SHARING PLAN TRUST [EIN = 562274769]

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	LIPSEY COMMUNICATION, INC. DBA CONNECTIVITY SOURCE
Employer identification number (EIN):	721445049
NAIC Classification:	517000