401k Plan data: SCISSORS & CLIPPERS RETIREMENT PLAN plan

SCISSORS & CLIPPERS RETIREMENT PLAN 401k Plan overview

Plan Name	SCISSORS & CLIPPERS RETIREMENT PLAN
Plan identification number	001

SCISSORS & CLIPPERS 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.
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.

401k Sponsoring company profile

SCISSORS & CLIPPERS, INC has sponsored the creation of one or more 401k plans.

Company Name: SCISSORS & CLIPPERS, INC

Employer identification number (EIN): 812590039

NAIC Classification: 812112
NAIC Description: Beauty Salons

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCISSORS & CLIPPERS 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 2018-01-01 MARCI SCHNABEL
001 2017-01-01 MARCI SCHNABEL
001 2016-01-01 MARCI SCHNABEL

Plan Statistics for SCISSORS & CLIPPERS RETIREMENT PLAN

401k plan membership statisitcs for SCISSORS & CLIPPERS RETIREMENT PLAN

Measure Date Value
2021: SCISSORS & CLIPPERS RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 1
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: SCISSORS & CLIPPERS 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 1
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 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 1
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: SCISSORS & CLIPPERS RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 1
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 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 1
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
2018: SCISSORS & CLIPPERS RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 1
Total of all active and inactive participants 2018-01-01 1
Total participants 2018-01-01 1
Number of participants with account balances 2018-01-01 1
2017: SCISSORS & CLIPPERS RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 1
Total of all active and inactive participants 2017-01-01 1
Total participants 2017-01-01 1
Number of participants with account balances 2017-01-01 1
2016: SCISSORS & CLIPPERS RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 1
Total of all active and inactive participants 2016-01-01 1
Total participants 2016-01-01 1
Number of participants with account balances 2016-01-01 1

Measure	Date	Value
2021: SCISSORS & CLIPPERS RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	1
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: SCISSORS & CLIPPERS 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	1
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	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	1
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: SCISSORS & CLIPPERS RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	1
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	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	1
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
2018: SCISSORS & CLIPPERS RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	1
Total of all active and inactive participants	2018-01-01	1
Total participants	2018-01-01	1
Number of participants with account balances	2018-01-01	1
2017: SCISSORS & CLIPPERS RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	1
Total of all active and inactive participants	2017-01-01	1
Total participants	2017-01-01	1
Number of participants with account balances	2017-01-01	1
2016: SCISSORS & CLIPPERS RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	1
Total of all active and inactive participants	2016-01-01	1
Total participants	2016-01-01	1
Number of participants with account balances	2016-01-01	1

Financial Data on SCISSORS & CLIPPERS RETIREMENT PLAN

Measure	Date	Value
2021 : SCISSORS & CLIPPERS RETIREMENT PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$0
Expenses. Total of all expenses incurred	2021-12-31	$1,580
Benefits paid (including direct rollovers)	2021-12-31	$1,580
Total plan assets at end of year	2021-12-31	$0
Total plan assets at beginning of year	2021-12-31	$1,580
Other income received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$-1,580
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$1,580
Assets. Value of employer securities	2021-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : SCISSORS & CLIPPERS RETIREMENT PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$-375,000
Expenses. Total of all expenses incurred	2020-12-31	$0
Total plan assets at end of year	2020-12-31	$1,580
Total plan assets at beginning of year	2020-12-31	$376,580
Other income received	2020-12-31	$-375,000
Net income (gross income less expenses)	2020-12-31	$-375,000
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$1,580
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$376,580
Assets. Value of employer securities	2020-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : SCISSORS & CLIPPERS RETIREMENT PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$2
Expenses. Total of all expenses incurred	2019-12-31	$0
Total plan assets at end of year	2019-12-31	$376,580
Total plan assets at beginning of year	2019-12-31	$376,578
Other income received	2019-12-31	$2
Net income (gross income less expenses)	2019-12-31	$2
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$376,580
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$376,578
Assets. Value of employer securities	2019-12-31	$375,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : SCISSORS & CLIPPERS RETIREMENT PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$5,003
Total plan assets at end of year	2018-12-31	$376,578
Total plan assets at beginning of year	2018-12-31	$371,575
Other income received	2018-12-31	$5,003
Net income (gross income less expenses)	2018-12-31	$5,003
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$376,578
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$371,575
Assets. Value of participant loans	2018-12-31	$375,000
Funding deficiency by the employer to the plan for this plan year	2018-12-31	$0
Minimum employer required contribution for this plan year	2018-12-31	$0
Amount contributed by the employer to the plan for this plan year	2018-12-31	$0
2017 : SCISSORS & CLIPPERS RETIREMENT PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$29,425
Total plan assets at end of year	2017-12-31	$371,575
Total plan assets at beginning of year	2017-12-31	$342,150
Other income received	2017-12-31	$29,425
Net income (gross income less expenses)	2017-12-31	$29,425
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$371,575
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$342,150
Assets. Value of employer securities	2017-12-31	$370,000
Funding deficiency by the employer to the plan for this plan year	2017-12-31	$0
Minimum employer required contribution for this plan year	2017-12-31	$0
Amount contributed by the employer to the plan for this plan year	2017-12-31	$0
2016 : SCISSORS & CLIPPERS RETIREMENT PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$342,150
Total plan assets at end of year	2016-12-31	$342,150
Contributions received from other sources (not participants or employers)	2016-12-31	$371,573
Other income received	2016-12-31	$-29,423
Net income (gross income less expenses)	2016-12-31	$342,150
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$342,150
Assets. Value of employer securities	2016-12-31	$340,574
Funding deficiency by the employer to the plan for this plan year	2016-12-31	$0
Minimum employer required contribution for this plan year	2016-12-31	$0
Amount contributed by the employer to the plan for this plan year	2016-12-31	$0

Form 5500 Responses for SCISSORS & CLIPPERS RETIREMENT PLAN

2021: SCISSORS & CLIPPERS 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)	No
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: SCISSORS & CLIPPERS 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: SCISSORS & CLIPPERS 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
2018: SCISSORS & CLIPPERS RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SCISSORS & CLIPPERS 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: SCISSORS & CLIPPERS RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	First time form 5500 has been submitted	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	SCISSORS & CLIPPERS, INC
Employer identification number (EIN):	812590039
NAIC Classification:	812112
NAIC Description:	Beauty Salons