SOURCE 1 SOLUTIONS, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SOURCE 1 SOLUTIONS INC. EMPLOYEE BENEFIT PLAN
401k plan membership statisitcs for SOURCE 1 SOLUTIONS INC. EMPLOYEE BENEFIT PLAN
| Measure | Date | Value |
|---|
| 2023: SOURCE 1 SOLUTIONS INC. EMPLOYEE BENEFIT PLAN 2023 401k membership |
|---|
| Total participants, beginning-of-year | 2023-01-01 | 70 |
| Total number of active participants reported on line 7a of the Form 5500 | 2023-01-01 | 77 |
| Number of retired or separated participants receiving benefits | 2023-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2023-01-01 | 0 |
| Total of all active and inactive participants | 2023-01-01 | 77 |
| 2022: SOURCE 1 SOLUTIONS INC. EMPLOYEE BENEFIT PLAN 2022 401k membership |
|---|
| Total participants, beginning-of-year | 2022-09-01 | 71 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-09-01 | 70 |
| Number of retired or separated participants receiving benefits | 2022-09-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2022-09-01 | 0 |
| Total of all active and inactive participants | 2022-09-01 | 70 |
| Measure | Date | Value |
|---|
| 2023 : SOURCE 1 SOLUTIONS INC. EMPLOYEE BENEFIT PLAN 2023 401k financial data |
|---|
| Total plan liabilities at end of year | 2023-12-31 | $65,794 |
| Total plan liabilities at beginning of year | 2023-12-31 | $7,581 |
| Total income from all sources | 2023-12-31 | $862,063 |
| Expenses. Total of all expenses incurred | 2023-12-31 | $920,783 |
| Benefits paid (including direct rollovers) | 2023-12-31 | $453,141 |
| Total plan assets at end of year | 2023-12-31 | $11,437 |
| Total plan assets at beginning of year | 2023-12-31 | $11,944 |
| Value of fidelity bond covering the plan | 2023-12-31 | $80,000 |
| Total contributions received or receivable from participants | 2023-12-31 | $292,824 |
| Expenses. Other expenses not covered elsewhere | 2023-12-31 | $459,899 |
| Contributions received from other sources (not participants or employers) | 2023-12-31 | $0 |
| Other income received | 2023-12-31 | $493 |
| Net income (gross income less expenses) | 2023-12-31 | $-58,720 |
| Net plan assets at end of year (total assets less liabilities) | 2023-12-31 | $-54,357 |
| Net plan assets at beginning of year (total assets less liabilities) | 2023-12-31 | $4,363 |
| Total contributions received or receivable from employer(s) | 2023-12-31 | $568,746 |
| Value of corrective distributions | 2023-12-31 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2023-12-31 | $7,743 |
| 2022 : SOURCE 1 SOLUTIONS INC. EMPLOYEE BENEFIT PLAN 2022 401k financial data |
|---|
| Total plan liabilities at end of year | 2022-12-31 | $7,581 |
| Total plan liabilities at beginning of year | 2022-12-31 | $0 |
| Total income from all sources | 2022-12-31 | $274,739 |
| Expenses. Total of all expenses incurred | 2022-12-31 | $270,376 |
| Benefits paid (including direct rollovers) | 2022-12-31 | $122,301 |
| Total plan assets at end of year | 2022-12-31 | $11,944 |
| Total plan assets at beginning of year | 2022-12-31 | $0 |
| Total contributions received or receivable from participants | 2022-12-31 | $96,918 |
| Expenses. Other expenses not covered elsewhere | 2022-12-31 | $145,561 |
| Contributions received from other sources (not participants or employers) | 2022-12-31 | $0 |
| Other income received | 2022-12-31 | $0 |
| Net income (gross income less expenses) | 2022-12-31 | $4,363 |
| Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $4,363 |
| Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $0 |
| Total contributions received or receivable from employer(s) | 2022-12-31 | $177,821 |
| Value of corrective distributions | 2022-12-31 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2022-12-31 | $2,514 |
| 2023: SOURCE 1 SOLUTIONS INC. EMPLOYEE BENEFIT PLAN 2023 form 5500 responses |
|---|
| 2023-01-01 | Type of plan entity | Single employer plan |
| 2023-01-01 | Submission has been amended | No |
| 2023-01-01 | This submission is the final filing | No |
| 2023-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2023-01-01 | Plan is a collectively bargained plan | No |
| 2023-01-01 | Plan funding arrangement – Insurance | Yes |
| 2023-01-01 | Plan funding arrangement – Trust | Yes |
| 2023-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2023-01-01 | Plan benefit arrangement - Trust | Yes |
| 2022: SOURCE 1 SOLUTIONS INC. EMPLOYEE BENEFIT PLAN 2022 form 5500 responses |
|---|
| 2022-09-01 | Type of plan entity | Single employer plan |
| 2022-09-01 | First time form 5500 has been submitted | Yes |
| 2022-09-01 | Submission has been amended | No |
| 2022-09-01 | This submission is the final filing | No |
| 2022-09-01 | This return/report is a short plan year return/report (less than 12 months) | Yes |
| 2022-09-01 | Plan is a collectively bargained plan | No |
| 2022-09-01 | Plan funding arrangement – Insurance | Yes |
| 2022-09-01 | Plan funding arrangement – Trust | Yes |
| 2022-09-01 | Plan benefit arrangement – Insurance | Yes |
| 2022-09-01 | Plan benefit arrangement - Trust | Yes |
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