Iq Brands Inc 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Iq Brands Inc)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Iq Brands Inc 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Iq Brands Inc under EIN 45-3720630 and plan number 001. The latest loaded filing year is 2023. The filing reports 129 participants and $3,407,559 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Iq Brands Inc
- EIN
- 45-3720630
- Plan number
- 001
- Plan type
- 2
- Location
- Conover, NC
- Latest filing year
- 2023
- Participants
- 129
- End-of-year plan assets
- $3,407,559
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 129 | H, C | 20241001080916NAL0003129267001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,407,559
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,407,559
- Net assets (BOY)
- $2,978,792
Income & contributions
- Employer contributions
- $127,391
- Participant contributions
- $195,496
- Total contributions
- $322,887
- Total income / additions
- $794,845
Expenses & distributions
- Benefits paid
- $347,578
- Administrative expenses
- $18,500
- Total expenses
- $366,078
- Net increase / (decrease)
- $428,767
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Paychex, Inc. | RECORDKEEPER | $10,277 | not reported in the loaded dataset | 2023 |
| Cannon Wealth Management Services, | ADVISOR | $7,648 | not reported in the loaded dataset | 2023 |