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NEW VISION TELEVISION 401(K) SAVINGS PLAN 401k Plan overview

Plan NameNEW VISION TELEVISION 401(K) SAVINGS PLAN
Plan identification number 001

NEW VISION TELEVISION 401(K) SAVINGS PLAN 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.
  • 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

NVT NETWORKS, LLC DBA NEW VISION TELEVISION has sponsored the creation of one or more 401k plans.

Company Name:NVT NETWORKS, LLC DBA NEW VISION TELEVISION
Employer identification number (EIN):270757259
NAIC Classification:515100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW VISION TELEVISION 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01ERIC SIMONTIS ERIC SIMONTIS2014-08-26
0012012-01-01ERIC SIMONTIS ERIC SIMONTIS2014-02-28
0012011-01-01ERIC SIMONTIS ERIC SIMONTIS2012-10-11

Plan Statistics for NEW VISION TELEVISION 401(K) SAVINGS PLAN

401k plan membership statisitcs for NEW VISION TELEVISION 401(K) SAVINGS PLAN

Measure Date Value
2014: NEW VISION TELEVISION 401(K) SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01133
Number of other retired or separated participants entitled to future benefits2014-01-0110
Total of all active and inactive participants2014-01-0110
Total participants2014-01-0110
Number of participants with account balances2014-01-0110
2013: NEW VISION TELEVISION 401(K) SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01344
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-012
Number of other retired or separated participants entitled to future benefits2013-01-01131
Total of all active and inactive participants2013-01-01133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01133
Number of participants with account balances2013-01-01133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: NEW VISION TELEVISION 401(K) SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01861
Total number of active participants reported on line 7a of the Form 55002012-01-014
Number of retired or separated participants receiving benefits2012-01-017
Number of other retired or separated participants entitled to future benefits2012-01-01333
Total of all active and inactive participants2012-01-01344
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01344
Number of participants with account balances2012-01-01342
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: NEW VISION TELEVISION 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01820
Total number of active participants reported on line 7a of the Form 55002011-01-01713
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-01147
Total of all active and inactive participants2011-01-01861
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01861
Number of participants with account balances2011-01-01656
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on NEW VISION TELEVISION 401(K) SAVINGS PLAN

Measure Date Value
2014 : NEW VISION TELEVISION 401(K) SAVINGS PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$83,454
Total of all expenses incurred2014-12-31$575,527
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$563,696
Value of total assets at end of year2014-12-31$232,177
Value of total assets at beginning of year2014-12-31$724,250
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$11,831
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2014-12-31$0
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Participant contributions at end of year2014-12-31$0
Participant contributions at beginning of year2014-12-31$1,186
Other income not declared elsewhere2014-12-31$83,454
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-492,073
Value of net assets at end of year (total assets less liabilities)2014-12-31$232,177
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$724,250
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in pooled separate accounts at end of year2014-12-31$220,065
Value of interest in pooled separate accounts at beginning of year2014-12-31$542,323
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$12,112
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$180,741
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$563,696
Contract administrator fees2014-12-31$11,831
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31FORRESTALL CPAS
Accountancy firm EIN2014-12-31582412540
2013 : NEW VISION TELEVISION 401(K) SAVINGS PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$152,118
Total of all expenses incurred2013-12-31$771,346
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$759,051
Value of total assets at end of year2013-12-31$724,250
Value of total assets at beginning of year2013-12-31$1,343,478
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$12,295
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Participant contributions at end of year2013-12-31$1,186
Participant contributions at beginning of year2013-12-31$1,186
Other income not declared elsewhere2013-12-31$152,118
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-619,228
Value of net assets at end of year (total assets less liabilities)2013-12-31$724,250
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$1,343,478
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in pooled separate accounts at end of year2013-12-31$542,323
Value of interest in pooled separate accounts at beginning of year2013-12-31$955,170
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$180,741
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$387,122
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$759,051
Contract administrator fees2013-12-31$12,295
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31HABIF, AROGETI, & WYNNE, LLP
Accountancy firm EIN2013-12-31571157523
2012 : NEW VISION TELEVISION 401(K) SAVINGS PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$2,251,292
Total of all expenses incurred2012-12-31$7,774,726
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$7,736,259
Value of total corrective distributions2012-12-31$2,408
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,530,073
Value of total assets at end of year2012-12-31$1,343,478
Value of total assets at beginning of year2012-12-31$6,866,912
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$36,059
Total interest from all sources2012-12-31$5,199
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,524,695
Participant contributions at end of year2012-12-31$1,186
Participant contributions at beginning of year2012-12-31$179,969
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$5,378
Other income not declared elsewhere2012-12-31$716,020
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-5,523,434
Value of net assets at end of year (total assets less liabilities)2012-12-31$1,343,478
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$6,866,912
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in pooled separate accounts at end of year2012-12-31$955,170
Value of interest in pooled separate accounts at beginning of year2012-12-31$5,407,785
Interest on participant loans2012-12-31$5,199
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$387,122
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$1,279,158
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$7,736,259
Contract administrator fees2012-12-31$36,059
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31HABIF, AROGETI, & WYNNE, LLP
Accountancy firm EIN2012-12-31571157523
2011 : NEW VISION TELEVISION 401(K) SAVINGS PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$1,605,724
Total of all expenses incurred2011-12-31$395,379
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$393,171
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,530,398
Value of total assets at end of year2011-12-31$6,866,912
Value of total assets at beginning of year2011-12-31$5,656,567
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$2,208
Total interest from all sources2011-12-31$7,292
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,503,082
Participant contributions at end of year2011-12-31$179,969
Participant contributions at beginning of year2011-12-31$122,499
Assets. Other investments not covered elsewhere at end of year2011-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$129,683
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$27,316
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$368
Other income not declared elsewhere2011-12-31$15,929
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$1,210,345
Value of net assets at end of year (total assets less liabilities)2011-12-31$6,866,912
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$5,656,567
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$5,403,584
Value of interest in pooled separate accounts at end of year2011-12-31$5,407,785
Interest on participant loans2011-12-31$7,292
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$433
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$433
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$1,279,158
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$52,105
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$393,171
Contract administrator fees2011-12-31$2,208
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31HABIF, AROGETI, & WYNNE, LLP
Accountancy firm EIN2011-12-31571157523

Form 5500 Responses for NEW VISION TELEVISION 401(K) SAVINGS PLAN

2014: NEW VISION TELEVISION 401(K) SAVINGS PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: NEW VISION TELEVISION 401(K) SAVINGS PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: NEW VISION TELEVISION 401(K) SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: NEW VISION TELEVISION 401(K) SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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