Lionheart Industrial Group LLC 401(k) Plan
Lionheart Industrial Group, LLC, Newtown PA. Employer ID 300873984, plan number 001. Annual reports on file for 2015 to 2023.
Where the money went
- Filed 2015-2023Lionheart Industrial Group LLC 401(k) Plan, Lionheart Industrial Group, LLC
- 2023Assets transferred to Aon Pooled Employer Plan
- TodayAon Pooled Employer Plan still files. Voya Institutional Plan Services keeps the records. That is where to ask.
Records are kept by Voya Institutional Plan Services, per the 2024 filing.
Left in 2019, 2020? You may be owed employer money
- In plan year 2019, active participants fell from 332 to 216 (35%), and 79 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
- In plan year 2020, active participants fell from 216 to 170 (21%), and 49 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. A 2021 law (Consolidated Appropriations Act, section 209) can excuse a drop between March 2020 and March 2021 if the plan had rehired enough people by March 31, 2021. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
- 2023: Final return: the plan reported that it ended (merged, transferred, or distributed all assets).
- 2023: At least 25% of plan assets were transferred to another plan this year (merger or spin-off).
- 2023: The employer adopted a resolution to terminate the plan.
People in the plan
"Separated, still owed" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Separated, still owed | Source |
|---|---|---|---|
| 2015 | 350 | — | Filing |
| 2016 | 350 | 74 | Filing |
| 2017 | 340 | 58 | Filing |
| 2018 | 489 | 109 | Filing |
| 2019 | 312 | 96 | Filing |
| 2020 | 289 | 119 | Filing |
| 2021 | 273 | 100 | Filing |
| 2022 | 274 | 93 | Filing |
| 2023 | 0 | 0 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.