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Plan Name | API GROUP, INC. SAFE HARBOR 401(K) & PROFIT SHARING PLAN |
Plan identification number | 003 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
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Company Name: | API GROUP, INC. |
Employer identification number (EIN): | 411858188 |
NAIC Classification: | 238900 |
Additional information about API GROUP, INC.
Jurisdiction of Incorporation: | Wyoming Corporations Division |
Incorporation Date: | 2004-09-17 |
Company Identification Number: | 000473617 |
Legal Registered Office Address: |
1621 Central Ave Cheyenne United States of America (USA) 82001 |
More information about API GROUP, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
003 | 2022-01-01 |
Measure | Date | Value |
---|---|---|
2022: API GROUP, INC. SAFE HARBOR 401(K) & PROFIT SHARING PLAN 2022 401k membership | ||
Total participants, beginning-of-year | 2022-01-01 | 3,220 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 2,332 |
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 | 420 |
Total of all active and inactive participants | 2022-01-01 | 2,752 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 1 |
Total participants | 2022-01-01 | 2,753 |
Number of participants with account balances | 2022-01-01 | 1,403 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 36 |
Measure | Date | Value |
---|---|---|
2022 : API GROUP, INC. SAFE HARBOR 401(K) & PROFIT SHARING PLAN 2022 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $-148,594 |
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $-148,594 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $2,663 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-8,011,064 |
Total loss/gain on sale of assets | 2022-12-31 | $-127 |
Total of all expenses incurred | 2022-12-31 | $10,115,300 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $9,958,278 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $3,537 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $12,150,361 |
Value of total assets at end of year | 2022-12-31 | $101,509,275 |
Value of total assets at beginning of year | 2022-12-31 | $119,632,976 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $153,485 |
Total interest from all sources | 2022-12-31 | $23,565 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $185,879 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $185,879 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | Yes |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $4,980,244 |
Participant contributions at end of year | 2022-12-31 | $131,732 |
Participant contributions at beginning of year | 2022-12-31 | $201,432 |
Participant contributions at end of year | 2022-12-31 | $66,145 |
Participant contributions at beginning of year | 2022-12-31 | $63,952 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $1,118,528 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $2,663 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $0 |
Other income not declared elsewhere | 2022-12-31 | $76,477 |
Administrative expenses (other) incurred | 2022-12-31 | $153,485 |
Total non interest bearing cash at end of year | 2022-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-18,126,364 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $101,506,612 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $119,632,976 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $5,061,380 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $96,753,728 |
Interest on participant loans | 2022-12-31 | $9,294 |
Interest earned on other investments | 2022-12-31 | $14,271 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $87,629,866 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $15,007,001 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $1,805 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-17,180,161 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $-3,118,464 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Assets. Invements in employer securities at end of year | 2022-12-31 | $6,819,660 |
Assets. Invements in employer securities at beginning of year | 2022-12-31 | $7,570,806 |
Contributions received in cash from employer | 2022-12-31 | $6,051,589 |
Employer contributions (assets) at end of year | 2022-12-31 | $1,798,687 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $36,057 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $9,958,278 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | Yes |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Aggregate proceeds on sale of assets | 2022-12-31 | $1,061 |
Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $1,188 |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | REDPATH AND COMPANY, LLC |
Accountancy firm EIN | 2022-12-31 | 920370318 |
2022: API GROUP, INC. SAFE HARBOR 401(K) & PROFIT SHARING 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 |