Measure | Date | Value |
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2022 : 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-12-31 | $824,297 |
Total of all expenses incurred | 2022-12-31 | $122,398 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $95,196 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,176,374 |
Value of total assets at end of year | 2022-12-31 | $2,333,575 |
Value of total assets at beginning of year | 2022-12-31 | $1,631,676 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $27,202 |
Total interest from all sources | 2022-12-31 | $2,208 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $436,551 |
Participant contributions at end of year | 2022-12-31 | $41,061 |
Participant contributions at beginning of year | 2022-12-31 | $37,402 |
Participant contributions at end of year | 2022-12-31 | $0 |
Participant contributions at beginning of year | 2022-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $411,508 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $0 |
Total non interest bearing cash at end of year | 2022-12-31 | $1,253 |
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 | $701,899 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $2,333,575 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $1,631,676 |
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 | $1,868 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $0 |
Value of interest in pooled separate accounts at end of year | 2022-12-31 | $2,289,393 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $1,594,274 |
Interest on participant loans | 2022-12-31 | $2,208 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-354,285 |
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 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $328,315 |
Employer contributions (assets) at end of year | 2022-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $95,196 |
Contract administrator fees | 2022-12-31 | $27,202 |
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 |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | METZ & ASSOCIATES, PLLC |
Accountancy firm EIN | 2022-12-31 | 464558541 |