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PRESTON VENTURES, LLC 401(K) PLAN 401k Plan overview

Plan NamePRESTON VENTURES, LLC 401(K) PLAN
Plan identification number 001

PRESTON VENTURES, LLC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan covering Self-Employed individuals.
  • 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 VENTURES, LLC has sponsored the creation of one or more 401k plans.

Company Name:PRESTON VENTURES, LLC
Employer identification number (EIN):843388738
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRESTON VENTURES, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TARA EVANS, FOR TAG RESOURCES2024-08-30
0012022-01-01TARA EVANS, FOR TAG RESOURCES2023-10-16
0012021-01-01TARA EVANS2022-09-23

Financial Data on PRESTON VENTURES, LLC 401(K) PLAN

Measure Date Value
2025 : PRESTON VENTURES, LLC 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-09-2920991
Net assets as of the end of the plan year2025-09-29271721
Total assets as of the beginning of the plan year2025-09-29231872
Value of plan covered by a fidelity bond2025-09-29500000
Participant contributions to plan in this plan year2025-09-2919053
Value of participant loans at end of plan year2025-09-2913756
Other income to plan in this plan year2025-09-2927505
Plan net income in this plan year2025-09-2939849
Net assets as of the end of the plan year2025-09-29271721
Net assets as of the beginning of the plan year2025-09-29231872
Value of contributions failed to transmitted timely2025-09-2912162
Employer contributions to plan in this plan year2025-09-2914282
Fees paid to broker by Benefit Provider2025-09-291742
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-293929
2024 : PRESTON VENTURES, LLC 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-08-3017001
Net assets as of the end of the plan year2024-08-30231872
Total assets as of the beginning of the plan year2024-08-30179056
Value of plan covered by a fidelity bond2024-08-30500000
Participant contributions to plan in this plan year2024-08-3022241
Value of participant loans at end of plan year2024-08-309486
Other income to plan in this plan year2024-08-3031183
Plan net income in this plan year2024-08-3052816
Net assets as of the end of the plan year2024-08-30231872
Net assets as of the beginning of the plan year2024-08-30179056
Value of contributions failed to transmitted timely2024-08-3021808
Employer contributions to plan in this plan year2024-08-3016393
Fees paid to broker by Benefit Provider2024-08-301303
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-303282
2022 : PRESTON VENTURES, LLC 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-231306
Net assets as of the end of the plan year2022-09-23169681
Total assets as of the beginning of the plan year2022-09-230
Value of plan covered by a fidelity bond2022-09-23500000
Participant contributions to plan in this plan year2022-09-2331068
Other contributions to plan in this plan year2022-09-23108610
Other income to plan in this plan year2022-09-236012
Plan net income in this plan year2022-09-23169681
Net assets as of the end of the plan year2022-09-23169681
Net assets as of the beginning of the plan year2022-09-230
Value of contributions failed to transmitted timely2022-09-231598
Employer contributions to plan in this plan year2022-09-2325297
Fees paid to broker by Benefit Provider2022-09-23608
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-231306

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