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LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameLC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation

401k Sponsoring company profile

LARRY AND CLIFF ENTERPRISES, INC. has sponsored the creation of one or more 401k plans.

Company Name:LARRY AND CLIFF ENTERPRISES, INC.
Employer identification number (EIN):770529904
NAIC Classification:237100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01

Plan Statistics for LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0119
Total number of active participants reported on line 7a of the Form 55002022-01-0117
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-012
Total of all active and inactive participants2022-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0119
Number of participants with account balances2022-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-012
2021: LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0119
Total number of active participants reported on line 7a of the Form 55002021-01-0118
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-011
Total of all active and inactive participants2021-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0119
Number of participants with account balances2021-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011
2020: LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0118
Total number of active participants reported on line 7a of the Form 55002020-01-0118
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0118
Number of participants with account balances2020-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011
2019: LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0116
Total number of active participants reported on line 7a of the Form 55002019-01-0113
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-012
Total of all active and inactive participants2019-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0115
Number of participants with account balances2019-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$1,866,070
Total plan liabilities at beginning of year2022-12-31$1,912,116
Total income from all sources2022-12-31$1,001,071
Expenses. Total of all expenses incurred2022-12-31$65,105
Benefits paid (including direct rollovers)2022-12-31$4,876
Total plan assets at end of year2022-12-31$10,050,200
Total plan assets at beginning of year2022-12-31$9,160,280
Value of fidelity bond covering the plan2022-12-31$916,028
Expenses. Other expenses not covered elsewhere2022-12-31$60,229
Other income received2022-12-31$890,000
Net income (gross income less expenses)2022-12-31$935,966
Net plan assets at end of year (total assets less liabilities)2022-12-31$8,184,130
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$7,248,164
Assets. Value of employer securities2022-12-31$10,050,000
Total contributions received or receivable from employer(s)2022-12-31$111,071
2021 : LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$1,912,116
Total plan liabilities at beginning of year2021-12-31$1,956,678
Total income from all sources2021-12-31$2,736,195
Expenses. Total of all expenses incurred2021-12-31$61,633
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$9,160,280
Total plan assets at beginning of year2021-12-31$6,530,280
Value of fidelity bond covering the plan2021-12-31$653,028
Expenses. Other expenses not covered elsewhere2021-12-31$61,633
Other income received2021-12-31$2,630,000
Net income (gross income less expenses)2021-12-31$2,674,562
Net plan assets at end of year (total assets less liabilities)2021-12-31$7,248,164
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$4,573,602
Assets. Value of employer securities2021-12-31$9,160,000
Total contributions received or receivable from employer(s)2021-12-31$106,195
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$1,956,678
Total plan liabilities at beginning of year2020-12-31$1,999,799
Total income from all sources2020-12-31$5,109,542
Expenses. Total of all expenses incurred2020-12-31$66,341
Benefits paid (including direct rollovers)2020-12-31$3,347
Total plan assets at end of year2020-12-31$6,530,280
Total plan assets at beginning of year2020-12-31$1,530,200
Value of fidelity bond covering the plan2020-12-31$153,020
Expenses. Other expenses not covered elsewhere2020-12-31$62,994
Other income received2020-12-31$5,000,000
Net income (gross income less expenses)2020-12-31$5,043,201
Net plan assets at end of year (total assets less liabilities)2020-12-31$4,573,602
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$-469,599
Assets. Value of employer securities2020-12-31$6,530,000
Total contributions received or receivable from employer(s)2020-12-31$109,542
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$1,999,799
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$-410,595
Expenses. Total of all expenses incurred2019-12-31$59,004
Total plan assets at end of year2019-12-31$1,530,200
Total plan assets at beginning of year2019-12-31$0
Value of fidelity bond covering the plan2019-12-31$10,000
Expenses. Other expenses not covered elsewhere2019-12-31$59,004
Other income received2019-12-31$-516,990
Net income (gross income less expenses)2019-12-31$-469,599
Net plan assets at end of year (total assets less liabilities)2019-12-31$-469,599
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Assets. Value of employer securities2019-12-31$1,530,000
Total contributions received or receivable from employer(s)2019-12-31$106,395
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 LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN

2022: LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01First time form 5500 has been submittedYes
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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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