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Plan Name | PARALLEL VENTURES, INC. 401K PROFIT SHARING PLAN |
Plan identification number | 001 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
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Company Name: | PARALLEL VENTURES, INC. |
Employer identification number (EIN): | 833768487 |
NAIC Classification: | 423600 |
Additional information about PARALLEL VENTURES, INC.
Jurisdiction of Incorporation: | Colorado Department of State |
Incorporation Date: | 2019-02-28 |
Company Identification Number: | 20191185722 |
Legal Registered Office Address: |
10525 E 40th Ave Ste 202 Denver United States of America (USA) 80239 |
More information about PARALLEL VENTURES, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2022-01-01 | ||||
001 | 2021-01-01 | ||||
001 | 2020-01-01 | ||||
001 | 2019-03-01 |
Measure | Date | Value |
---|---|---|
2022: PARALLEL VENTURES, INC. 401K PROFIT SHARING PLAN 2022 401k membership | ||
Total participants, beginning-of-year | 2022-01-01 | 14 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 13 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 0 |
Total of all active and inactive participants | 2022-01-01 | 13 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 13 |
Number of participants with account balances | 2022-01-01 | 8 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
2021: PARALLEL VENTURES, INC. 401K PROFIT SHARING PLAN 2021 401k membership | ||
Total participants, beginning-of-year | 2021-01-01 | 8 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 13 |
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 | 13 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
Total participants | 2021-01-01 | 13 |
Number of participants with account balances | 2021-01-01 | 8 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
2020: PARALLEL VENTURES, INC. 401K 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 | 5 |
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 | 5 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 0 |
Total participants | 2020-01-01 | 5 |
Number of participants with account balances | 2020-01-01 | 3 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
2019: PARALLEL VENTURES, INC. 401K PROFIT SHARING PLAN 2019 401k membership | ||
Total participants, beginning-of-year | 2019-03-01 | 2 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-03-01 | 2 |
Number of retired or separated participants receiving benefits | 2019-03-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2019-03-01 | 0 |
Total of all active and inactive participants | 2019-03-01 | 2 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-03-01 | 0 |
Total participants | 2019-03-01 | 2 |
Number of participants with account balances | 2019-03-01 | 2 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-03-01 | 0 |
Measure | Date | Value |
---|---|---|
2022 : PARALLEL VENTURES, INC. 401K PROFIT SHARING PLAN 2022 401k financial data | ||
Total income from all sources | 2022-12-31 | $161,331 |
Expenses. Total of all expenses incurred | 2022-12-31 | $1,504 |
Total plan assets at end of year | 2022-12-31 | $742,441 |
Total plan assets at beginning of year | 2022-12-31 | $582,614 |
Total contributions received or receivable from participants | 2022-12-31 | $63,798 |
Expenses. Other expenses not covered elsewhere | 2022-12-31 | $1,504 |
Other income received | 2022-12-31 | $97,533 |
Net income (gross income less expenses) | 2022-12-31 | $159,827 |
Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $742,441 |
Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $582,614 |
Assets. Value of employer securities | 2022-12-31 | $547,390 |
2021 : PARALLEL VENTURES, INC. 401K PROFIT SHARING PLAN 2021 401k financial data | ||
Total income from all sources | 2021-12-31 | $165,247 |
Expenses. Total of all expenses incurred | 2021-12-31 | $1,006 |
Total plan assets at end of year | 2021-12-31 | $582,614 |
Total plan assets at beginning of year | 2021-12-31 | $418,373 |
Total contributions received or receivable from participants | 2021-12-31 | $22,823 |
Contributions received from other sources (not participants or employers) | 2021-12-31 | $0 |
Other income received | 2021-12-31 | $142,424 |
Net income (gross income less expenses) | 2021-12-31 | $164,241 |
Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $582,614 |
Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $418,373 |
Assets. Value of employer securities | 2021-12-31 | $424,276 |
Total contributions received or receivable from employer(s) | 2021-12-31 | $0 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2021-12-31 | $1,006 |
2020 : PARALLEL VENTURES, INC. 401K PROFIT SHARING PLAN 2020 401k financial data | ||
Total income from all sources | 2020-12-31 | $165,465 |
Expenses. Total of all expenses incurred | 2020-12-31 | $0 |
Total plan assets at end of year | 2020-12-31 | $418,373 |
Total plan assets at beginning of year | 2020-12-31 | $252,908 |
Total contributions received or receivable from participants | 2020-12-31 | $6,250 |
Contributions received from other sources (not participants or employers) | 2020-12-31 | $116,509 |
Other income received | 2020-12-31 | $42,706 |
Net income (gross income less expenses) | 2020-12-31 | $165,465 |
Net plan assets at end of year (total assets less liabilities) | 2020-12-31 | $418,373 |
Net plan assets at beginning of year (total assets less liabilities) | 2020-12-31 | $252,908 |
Assets. Value of employer securities | 2020-12-31 | $292,705 |
Total contributions received or receivable from employer(s) | 2020-12-31 | $0 |
2019 : PARALLEL VENTURES, INC. 401K PROFIT SHARING PLAN 2019 401k financial data | ||
Total income from all sources | 2019-12-31 | $252,908 |
Expenses. Total of all expenses incurred | 2019-12-31 | $0 |
Total plan assets at end of year | 2019-12-31 | $252,908 |
Total plan assets at beginning of year | 2019-12-31 | $0 |
Total contributions received or receivable from participants | 2019-12-31 | $2,400 |
Contributions received from other sources (not participants or employers) | 2019-12-31 | $250,500 |
Other income received | 2019-12-31 | $8 |
Net income (gross income less expenses) | 2019-12-31 | $252,908 |
Net plan assets at end of year (total assets less liabilities) | 2019-12-31 | $252,908 |
Net plan assets at beginning of year (total assets less liabilities) | 2019-12-31 | $0 |
Assets. Value of employer securities | 2019-12-31 | $250,000 |
Total contributions received or receivable from employer(s) | 2019-12-31 | $0 |
2022: PARALLEL VENTURES, INC. 401K PROFIT SHARING PLAN 2022 form 5500 responses | ||
---|---|---|
2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Submission has been amended | No |
2022-01-01 | This submission is the final filing | No |
2022-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2022-01-01 | Plan is a collectively bargained plan | No |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |
2021: PARALLEL VENTURES, INC. 401K 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: PARALLEL VENTURES, INC. 401K 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: PARALLEL VENTURES, INC. 401K PROFIT SHARING PLAN 2019 form 5500 responses | ||
2019-03-01 | Type of plan entity | Single employer plan |
2019-03-01 | First time form 5500 has been submitted | Yes |
2019-03-01 | Submission has been amended | No |
2019-03-01 | This submission is the final filing | No |
2019-03-01 | This return/report is a short plan year return/report (less than 12 months) | Yes |
2019-03-01 | Plan is a collectively bargained plan | No |
2019-03-01 | Plan funding arrangement – Trust | Yes |
2019-03-01 | Plan benefit arrangement - Trust | Yes |