401k Plan data: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN plan

PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN
Plan identification number	001

PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
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

PRESTON MORGAN INSPIRATIONS CORP. has sponsored the creation of one or more 401k plans.

Company Name: PRESTON MORGAN INSPIRATIONS CORP.

Employer identification number (EIN): 825019757

NAIC Classification: 722515
NAIC Description: Snack and Nonalcoholic Beverage Bars

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01
001 2021-01-01 JANELLA STEWART
001 2020-01-01
001 2019-01-01
001 2018-03-29 JANELLA STEWART

Plan Statistics for PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN

Measure Date Value
2021: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 3
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 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 3
Number of participants with account balances 2021-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 4
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 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 4
Number of participants with account balances 2020-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 2
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 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 2
Number of participants with account balances 2019-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-03-29 2
Total number of active participants reported on line 7a of the Form 5500 2018-03-29 2
Number of retired or separated participants receiving benefits 2018-03-29 0
Number of other retired or separated participants entitled to future benefits 2018-03-29 0
Total of all active and inactive participants 2018-03-29 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-03-29 0
Total participants 2018-03-29 2
Number of participants with account balances 2018-03-29 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-03-29 0

Measure	Date	Value
2021: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	3
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	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	3
Number of participants with account balances	2021-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	4
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	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	4
Number of participants with account balances	2020-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	2
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	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	2
Number of participants with account balances	2019-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-03-29	2
Total number of active participants reported on line 7a of the Form 5500	2018-03-29	2
Number of retired or separated participants receiving benefits	2018-03-29	0
Number of other retired or separated participants entitled to future benefits	2018-03-29	0
Total of all active and inactive participants	2018-03-29	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-03-29	0
Total participants	2018-03-29	2
Number of participants with account balances	2018-03-29	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-03-29	0

Financial Data on PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2021 : PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$47,784
Expenses. Total of all expenses incurred	2021-12-31	$0
Benefits paid (including direct rollovers)	2021-12-31	$0
Total plan assets at end of year	2021-12-31	$392,128
Total plan assets at beginning of year	2021-12-31	$344,344
Total contributions received or receivable from participants	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$47,784
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$47,784
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$392,128
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$344,344
Assets. Value of employer securities	2021-12-31	$286,034
Total contributions received or receivable from employer(s)	2021-12-31	$0
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$0
2020 : PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$57,269
Expenses. Total of all expenses incurred	2020-12-31	$0
Benefits paid (including direct rollovers)	2020-12-31	$0
Total plan assets at end of year	2020-12-31	$344,344
Total plan assets at beginning of year	2020-12-31	$287,075
Total contributions received or receivable from participants	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$100,000
Other income received	2020-12-31	$-42,731
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$57,269
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$344,344
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$287,075
Assets. Value of employer securities	2020-12-31	$238,261
Total contributions received or receivable from employer(s)	2020-12-31	$0
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$0
2019 : PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$-18,953
Expenses. Total of all expenses incurred	2019-12-31	$0
Benefits paid (including direct rollovers)	2019-12-31	$0
Total plan assets at end of year	2019-12-31	$287,075
Total plan assets at beginning of year	2019-12-31	$306,028
Total contributions received or receivable from participants	2019-12-31	$0
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$250,000
Other income received	2019-12-31	$-268,953
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$-18,953
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$287,075
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$306,028
Assets. Value of employer securities	2019-12-31	$280,998
Total contributions received or receivable from employer(s)	2019-12-31	$0
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$0
2018 : PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$306,053
Expenses. Total of all expenses incurred	2018-12-31	$25
Benefits paid (including direct rollovers)	2018-12-31	$0
Total plan assets at end of year	2018-12-31	$306,028
Total plan assets at beginning of year	2018-12-31	$0
Total contributions received or receivable from participants	2018-12-31	$0
Expenses. Other expenses not covered elsewhere	2018-12-31	$25
Contributions received from other sources (not participants or employers)	2018-12-31	$306,000
Other income received	2018-12-31	$53
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$306,028
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$306,028
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$0
Assets. Value of employer securities	2018-12-31	$300,000
Total contributions received or receivable from employer(s)	2018-12-31	$0
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$0

Form 5500 Responses for PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN

2021: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING 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	No
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: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING 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: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING 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: PRESTON MORGAN INSPIRATIONS CORP. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-03-29	Type of plan entity	Single employer plan
2018-03-29	First time form 5500 has been submitted	Yes
2018-03-29	Submission has been amended	No
2018-03-29	This submission is the final filing	No
2018-03-29	This return/report is a short plan year return/report (less than 12 months)	Yes
2018-03-29	Plan is a collectively bargained plan	No
2018-03-29	Plan funding arrangement – Trust	Yes
2018-03-29	Plan benefit arrangement - Trust	Yes

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Company Name:	PRESTON MORGAN INSPIRATIONS CORP.
Employer identification number (EIN):	825019757
NAIC Classification:	722515
NAIC Description:	Snack and Nonalcoholic Beverage Bars

Plan id#	Filing Submission Date	Name of Administrator
001	2021-01-01
001	2021-01-01	JANELLA STEWART
001	2020-01-01
001	2019-01-01
001	2018-03-29	JANELLA STEWART