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VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN 401k Plan overview

Plan NameVOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN
Plan identification number 001

VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN Benefits

401k Plan TypeDefined 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.
  • Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • 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

VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC has sponsored the creation of one or more 401k plans.

Company Name:VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC
Employer identification number (EIN):046004304
NAIC Classification:624100
NAIC Description: Individual and Family Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01ANNETTE DUPREE2020-04-13
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01THOMAS BIERBAUM2015-09-10
0012013-01-01THOMAS BIERBAUM2014-09-30
0012012-01-01TOM BIERBAUM2013-08-22
0012011-01-01THOMAS BIERBAUM2012-09-26
0012010-01-01THOMAS L. BIERBAUM2011-10-05

Plan Statistics for VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN

401k plan membership statisitcs for VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN

Measure Date Value
2022: VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01144
Total number of active participants reported on line 7a of the Form 55002022-01-01152
Number of retired or separated participants receiving benefits2022-01-013
Number of other retired or separated participants entitled to future benefits2022-01-0124
Total of all active and inactive participants2022-01-01179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01179
Number of participants with account balances2022-01-0160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-014
2021: VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01150
Total number of active participants reported on line 7a of the Form 55002021-01-01108
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0136
Total of all active and inactive participants2021-01-01144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01144
Number of participants with account balances2021-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-016
2020: VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01123
Total number of active participants reported on line 7a of the Form 55002020-01-01122
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0128
Total of all active and inactive participants2020-01-01150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01150
Number of participants with account balances2020-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-015

Financial Data on VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN

Measure Date Value
2022 : VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$37,798
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$156,109
Total income from all sources (including contributions)2022-12-31$130,040
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$607,820
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$604,021
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$460,741
Value of total assets at end of year2022-12-31$1,852,722
Value of total assets at beginning of year2022-12-31$2,448,813
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$3,799
Total interest from all sources2022-12-31$408
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$46,914
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$46,914
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$250,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$146,108
Participant contributions at end of year2022-12-31$9,446
Participant contributions at beginning of year2022-12-31$15,725
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$214,011
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$49,129
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$37,798
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$156,109
Total non interest bearing cash at end of year2022-12-31$33,606
Total non interest bearing cash at beginning of year2022-12-31$156,109
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-477,780
Value of net assets at end of year (total assets less liabilities)2022-12-31$1,814,924
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,292,704
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$3,799
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$1,754,545
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$1,996,227
Interest on participant loans2022-12-31$408
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$5,996
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$280,752
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$280,752
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-378,023
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$100,622
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$604,021
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31MAZARS USA LLP
Accountancy firm EIN2022-12-31131459550
2021 : VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$156,109
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$61,782
Total income from all sources (including contributions)2021-12-31$581,986
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$87,544
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$87,093
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$327,588
Value of total assets at end of year2021-12-31$2,448,813
Value of total assets at beginning of year2021-12-31$1,860,044
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$451
Total interest from all sources2021-12-31$773
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$193,917
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$193,917
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$250,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$187,740
Participant contributions at end of year2021-12-31$15,725
Participant contributions at beginning of year2021-12-31$24,848
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$4,668
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$10,138
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$156,109
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$61,782
Total non interest bearing cash at end of year2021-12-31$156,109
Total non interest bearing cash at beginning of year2021-12-31$40,625
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$494,442
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,292,704
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,798,262
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$451
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$1,996,227
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$1,472,099
Interest on participant loans2021-12-31$773
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$280,752
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$278,452
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$278,452
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$59,708
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$129,710
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$39,352
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$87,093
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31SAMET & COMPANY PC
Accountancy firm EIN2021-12-31043027605
2020 : VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$61,782
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$561,074
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$142,781
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$141,166
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$330,722
Value of total assets at end of year2020-12-31$1,860,044
Value of total assets at beginning of year2020-12-31$1,379,969
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$1,615
Total interest from all sources2020-12-31$27,807
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$28,491
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$28,491
Administrative expenses professional fees incurred2020-12-31$1,615
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$250,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$159,878
Participant contributions at end of year2020-12-31$24,848
Participant contributions at beginning of year2020-12-31$28,110
Participant contributions at end of year2020-12-31$4,668
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$14,043
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$61,782
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$40,625
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$418,293
Value of net assets at end of year (total assets less liabilities)2020-12-31$1,798,262
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$1,379,969
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$1,472,099
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$1,351,859
Interest on participant loans2020-12-31$1,289
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$278,452
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$26,518
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$174,054
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$156,801
Employer contributions (assets) at end of year2020-12-31$39,352
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$141,166
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31SAMET & COMPANY PC
Accountancy firm EIN2020-12-31043027605

Form 5500 Responses for VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN

2022: VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: VOLUNTEERS OF AMERICA OF MASSACHUSETTS, INC 403(B) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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