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EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF CANDELEN, INC.
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

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

Company Name:CANDELEN, INC.
Employer identification number (EIN):860332919
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF CANDELEN, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-07-01
0012020-07-01
0012019-07-01
0012018-07-01BISMARK ANNOR2020-06-05
0012017-07-01BISMARK ANNOR2019-04-15
0012016-07-01TODD HIRSCH2018-02-22 TODD HIRSCH2018-02-22
0012015-07-01TODD HIRSCH2017-01-27 TODD HIRSCH2017-01-27
0012014-07-01TODD HIRSCH2015-12-04 TODD HIRSCH2015-12-04
0012013-07-01TODD HIRSCH2015-01-26 TODD HIRSCH2015-01-26
0012012-07-01TODD HIRSCH2014-01-24 TODD HIRSCH2014-01-24
0012011-07-01TODD HIRSCH2013-01-09 TODD HIRSCH2013-01-09
0012010-07-01TODD HIRSCH2011-12-20 TODD HIRSCH2011-12-20

Plan Statistics for EMPLOYEE BENEFIT PLAN OF CANDELEN, INC.

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF CANDELEN, INC.

Measure Date Value
2021: EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. 2021 401k membership
Total participants, beginning-of-year2021-07-01112
Total number of active participants reported on line 7a of the Form 55002021-07-01110
Number of retired or separated participants receiving benefits2021-07-010
Number of other retired or separated participants entitled to future benefits2021-07-0139
Total of all active and inactive participants2021-07-01149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-07-010
Total participants2021-07-01149
Number of participants with account balances2021-07-01132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-07-018
2020: EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. 2020 401k membership
Total participants, beginning-of-year2020-07-01111
Total number of active participants reported on line 7a of the Form 55002020-07-0182
Number of retired or separated participants receiving benefits2020-07-010
Number of other retired or separated participants entitled to future benefits2020-07-0130
Total of all active and inactive participants2020-07-01112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-07-010
Total participants2020-07-01112
Number of participants with account balances2020-07-0195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-07-013
2019: EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. 2019 401k membership
Total participants, beginning-of-year2019-07-01112
Total number of active participants reported on line 7a of the Form 55002019-07-0183
Number of other retired or separated participants entitled to future benefits2019-07-0128
Total of all active and inactive participants2019-07-01111
Total participants2019-07-01111
Number of participants with account balances2019-07-0189
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-07-012

Financial Data on EMPLOYEE BENEFIT PLAN OF CANDELEN, INC.

Measure Date Value
2022 : EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. 2022 401k financial data
Transfers to/from the plan2022-06-30$0
Total plan liabilities at end of year2022-06-30$0
Total plan liabilities at beginning of year2022-06-30$0
Total income from all sources2022-06-30$-115,060
Expenses. Total of all expenses incurred2022-06-30$237,861
Benefits paid (including direct rollovers)2022-06-30$227,044
Total plan assets at end of year2022-06-30$2,075,029
Total plan assets at beginning of year2022-06-30$2,427,950
Value of fidelity bond covering the plan2022-06-30$250,000
Total contributions received or receivable from participants2022-06-30$186,090
Expenses. Other expenses not covered elsewhere2022-06-30$0
Contributions received from other sources (not participants or employers)2022-06-30$20,412
Other income received2022-06-30$-397,759
Noncash contributions received2022-06-30$0
Net income (gross income less expenses)2022-06-30$-352,921
Net plan assets at end of year (total assets less liabilities)2022-06-30$2,075,029
Net plan assets at beginning of year (total assets less liabilities)2022-06-30$2,427,950
Assets. Value of participant loans2022-06-30$25,033
Total contributions received or receivable from employer(s)2022-06-30$76,197
Value of certain deemed distributions of participant loans2022-06-30$0
Value of corrective distributions2022-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-06-30$10,817
2021 : EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. 2021 401k financial data
Transfers to/from the plan2021-06-30$0
Total plan liabilities at end of year2021-06-30$0
Total plan liabilities at beginning of year2021-06-30$0
Total income from all sources2021-06-30$982,384
Expenses. Total of all expenses incurred2021-06-30$413,958
Benefits paid (including direct rollovers)2021-06-30$405,082
Total plan assets at end of year2021-06-30$2,427,950
Total plan assets at beginning of year2021-06-30$1,859,524
Value of fidelity bond covering the plan2021-06-30$250,000
Total contributions received or receivable from participants2021-06-30$142,855
Expenses. Other expenses not covered elsewhere2021-06-30$0
Contributions received from other sources (not participants or employers)2021-06-30$156,478
Other income received2021-06-30$602,562
Noncash contributions received2021-06-30$0
Net income (gross income less expenses)2021-06-30$568,426
Net plan assets at end of year (total assets less liabilities)2021-06-30$2,427,950
Net plan assets at beginning of year (total assets less liabilities)2021-06-30$1,859,524
Assets. Value of participant loans2021-06-30$42,785
Total contributions received or receivable from employer(s)2021-06-30$80,489
Value of certain deemed distributions of participant loans2021-06-30$0
Value of corrective distributions2021-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-06-30$8,876
2020 : EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. 2020 401k financial data
Transfers to/from the plan2020-06-30$0
Total plan liabilities at end of year2020-06-30$0
Total plan liabilities at beginning of year2020-06-30$0
Total income from all sources2020-06-30$289,963
Expenses. Total of all expenses incurred2020-06-30$226,583
Benefits paid (including direct rollovers)2020-06-30$220,199
Total plan assets at end of year2020-06-30$1,859,524
Total plan assets at beginning of year2020-06-30$1,796,144
Value of fidelity bond covering the plan2020-06-30$250,000
Assets. Value of tangible personal property2020-06-30$0
Total contributions received or receivable from participants2020-06-30$100,893
Assets. Value of loans (other than to participants)2020-06-30$0
Expenses. Other expenses not covered elsewhere2020-06-30$0
Contributions received from other sources (not participants or employers)2020-06-30$0
Other income received2020-06-30$125,720
Noncash contributions received2020-06-30$0
Net income (gross income less expenses)2020-06-30$63,380
Net plan assets at end of year (total assets less liabilities)2020-06-30$1,859,524
Net plan assets at beginning of year (total assets less liabilities)2020-06-30$1,796,144
Assets. Value of participant loans2020-06-30$46,972
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2020-06-30$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2020-06-30$0
Assets. Value of assets in partnership/joint-venture interests2020-06-30$0
Assets. Value of real-estate (other than employer real property)2020-06-30$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022020-06-30$0
Assets. Value of employer securities2020-06-30$0
Assets. Value of employer real property2020-06-30$0
Total contributions received or receivable from employer(s)2020-06-30$63,350
Value of certain deemed distributions of participant loans2020-06-30$0
Value of corrective distributions2020-06-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-06-30$6,384

Form 5500 Responses for EMPLOYEE BENEFIT PLAN OF CANDELEN, INC.

2021: EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. 2021 form 5500 responses
2021-07-01Type of plan entitySingle employer plan
2021-07-01Submission has been amendedNo
2021-07-01This submission is the final filingNo
2021-07-01This return/report is a short plan year return/report (less than 12 months)No
2021-07-01Plan is a collectively bargained planNo
2021-07-01Plan funding arrangement – TrustYes
2021-07-01Plan benefit arrangement - TrustYes
2020: EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. 2020 form 5500 responses
2020-07-01Type of plan entitySingle employer plan
2020-07-01Submission has been amendedNo
2020-07-01This submission is the final filingNo
2020-07-01This return/report is a short plan year return/report (less than 12 months)No
2020-07-01Plan is a collectively bargained planNo
2020-07-01Plan funding arrangement – TrustYes
2020-07-01Plan benefit arrangement - TrustYes
2019: EMPLOYEE BENEFIT PLAN OF CANDELEN, INC. 2019 form 5500 responses
2019-07-01Type of plan entitySingle employer plan
2019-07-01This submission is the final filingNo
2019-07-01This return/report is a short plan year return/report (less than 12 months)No
2019-07-01Plan funding arrangement – InsuranceYes
2019-07-01Plan funding arrangement – TrustYes
2019-07-01Plan benefit arrangement – InsuranceYes
2019-07-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number051628-D
Policy instance 1
Insurance contract or identification number051628-D
Number of Individuals Covered0
Insurance policy start date2019-07-01
Insurance policy end date2019-07-15
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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