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LIFELABS DESIGN, INC. 401(K) PLAN 401k Plan overview

Plan NameLIFELABS DESIGN, INC. 401(K) PLAN
Plan identification number 001

LIFELABS DESIGN, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

LIFELABS DESIGN, INC. has sponsored the creation of one or more 401k plans.

Company Name:LIFELABS DESIGN, INC.
Employer identification number (EIN):854290595
NAIC Classification:315220
NAIC Description:Men's and Boys' Cut and Sew Apparel Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LIFELABS DESIGN, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JUNCHAO ZHANG2024-09-03
0012022-01-01JUNCHAO ZHANG2023-07-26
0012021-02-01RACHEL BAKST2022-06-08

Financial Data on LIFELABS DESIGN, INC. 401(K) PLAN

Measure Date Value
2024 : LIFELABS DESIGN, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-030
Total liabilities as of the end of the plan year2024-09-030
Total liabilities as of the beginning of the plan year2024-09-030
Total expenses incurred by plan in this plan year2024-09-0358807
Net assets as of the end of the plan year2024-09-03103014
Total assets as of the beginning of the plan year2024-09-03131081
Participant contributions to plan in this plan year2024-09-035028
Other expenses paid from plan in this plan year2024-09-030
Other contributions to plan in this plan year2024-09-030
Other income to plan in this plan year2024-09-0320684
Plan net income in this plan year2024-09-03-28067
Net assets as of the end of the plan year2024-09-03103014
Net assets as of the beginning of the plan year2024-09-03131081
Employer contributions to plan in this plan year2024-09-035028
Fees paid to broker by Benefit Provider2024-09-035
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-032705

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