401k Plan data: LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN plan

LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 401k Plan overview

Plan Name	LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN
Plan identification number	001

LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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.
Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
The employer maintaining this ESOP is an S Corporation
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

LOVE COMMUNICATIONS HOLDINGS, INC. has sponsored the creation of one or more 401k plans.

Company Name: LOVE COMMUNICATIONS HOLDINGS, INC.

Employer identification number (EIN): 874109345

NAIC Classification: 541800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

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

Plan Statistics for LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

401k plan membership statisitcs for LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Measure Date Value
2022: LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 83
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 48
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 38
Total of all active and inactive participants 2022-01-01 86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 86
Number of participants with account balances 2022-01-01 85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 5
2021: LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 70
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 43
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 34
Total of all active and inactive participants 2021-01-01 77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 77
Number of participants with account balances 2021-01-01 77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 4

Measure	Date	Value
2022: LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	83
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	48
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	38
Total of all active and inactive participants	2022-01-01	86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	86
Number of participants with account balances	2022-01-01	85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	5
2021: LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	70
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	43
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	34
Total of all active and inactive participants	2021-01-01	77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	77
Number of participants with account balances	2021-01-01	77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	4

Financial Data on LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Measure	Date	Value
2022 : LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$2,225
Total plan liabilities at beginning of year	2022-12-31	$2,250
Total income from all sources	2022-12-31	$-666,117
Expenses. Total of all expenses incurred	2022-12-31	$211,203
Benefits paid (including direct rollovers)	2022-12-31	$186,431
Total plan assets at end of year	2022-12-31	$10,436,357
Total plan assets at beginning of year	2022-12-31	$11,313,702
Value of fidelity bond covering the plan	2022-12-31	$500,000
Total contributions received or receivable from participants	2022-12-31	$296,580
Expenses. Other expenses not covered elsewhere	2022-12-31	$73
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-1,101,345
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-877,320
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$10,434,132
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$11,311,452
Assets. Value of participant loans	2022-12-31	$3,066
Assets. Value of employer securities	2022-12-31	$840,536
Total contributions received or receivable from employer(s)	2022-12-31	$138,648
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$24,699
2021 : LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$11,305,292
Total plan liabilities at end of year	2021-12-31	$2,250
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$6,160
Expenses. Total of all expenses incurred	2021-12-31	$0
Total plan assets at end of year	2021-12-31	$11,313,702
Total plan assets at beginning of year	2021-12-31	$0
Value of fidelity bond covering the plan	2021-12-31	$500,000
Net income (gross income less expenses)	2021-12-31	$6,160
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$11,311,452
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$0
Assets. Value of participant loans	2021-12-31	$25,204
Assets. Value of employer securities	2021-12-31	$5,000
Total contributions received or receivable from employer(s)	2021-12-31	$6,160
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0

Form 5500 Responses for LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

2022: LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) 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: LOVE COMMUNICATIONS EMPLOYEE STOCK OWNERSHIP 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	First time form 5500 has been submitted	Yes
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

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

516694-01

Policy instance

Insurance contract or identification number	516694-01
Number of Individuals Covered	80
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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

Potentially related plans

LOVE COMMUNICATIONS, LLC RETIREMENT PLAN [EIN = 870634446]

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Company Name:	LOVE COMMUNICATIONS HOLDINGS, INC.
Employer identification number (EIN):	874109345
NAIC Classification:	541800