NEW ERA TECHNOLOGY, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan NEW ERA TECHNOLOGY WELFARE BENEFIT PLAN
| Measure | Date | Value |
|---|
| 2023 : NEW ERA TECHNOLOGY WELFARE BENEFIT PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-06-30 | $2,473,933 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-06-30 | $1,560,380 |
| Total income from all sources (including contributions) | 2023-06-30 | $20,006,859 |
| Total loss/gain on sale of assets | 2023-06-30 | $0 |
| Total of all expenses incurred | 2023-06-30 | $19,450,965 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-06-30 | $15,761,386 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-06-30 | $19,988,298 |
| Value of total assets at end of year | 2023-06-30 | $3,576,732 |
| Value of total assets at beginning of year | 2023-06-30 | $2,107,285 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-06-30 | $3,689,579 |
| Total interest from all sources | 2023-06-30 | $18,561 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-06-30 | No |
| Was this plan covered by a fidelity bond | 2023-06-30 | Yes |
| Value of fidelity bond cover | 2023-06-30 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-06-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-06-30 | No |
| Contributions received from participants | 2023-06-30 | $4,211,745 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-06-30 | $71,157 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-06-30 | $404,914 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-06-30 | $1,726,031 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-06-30 | $1,200,461 |
| Administrative expenses (other) incurred | 2023-06-30 | $2,333,341 |
| Liabilities. Value of operating payables at end of year | 2023-06-30 | $148,593 |
| Liabilities. Value of operating payables at beginning of year | 2023-06-30 | $6,019 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-06-30 | No |
| Value of net income/loss | 2023-06-30 | $555,894 |
| Value of net assets at end of year (total assets less liabilities) | 2023-06-30 | $1,102,799 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-06-30 | $546,905 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-06-30 | No |
| Investment advisory and management fees | 2023-06-30 | $266,974 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-06-30 | $3,505,575 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-06-30 | $1,702,371 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-06-30 | $1,702,371 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-06-30 | $18,561 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2023-06-30 | $15,761,386 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-06-30 | No |
| Assets. Invements in employer securities at end of year | 2023-06-30 | $0 |
| Assets. Invements in employer securities at beginning of year | 2023-06-30 | $0 |
| Contributions received in cash from employer | 2023-06-30 | $15,776,553 |
| Contract administrator fees | 2023-06-30 | $1,089,264 |
| Liabilities. Value of benefit claims payable at end of year | 2023-06-30 | $599,309 |
| Liabilities. Value of benefit claims payable at beginning of year | 2023-06-30 | $353,900 |
| Did the plan have assets held for investment | 2023-06-30 | 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 | 2023-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-06-30 | Unqualified |
| Accountancy firm name | 2023-06-30 | YOUNG OAKES BROWN & CO PC |
| Accountancy firm EIN | 2023-06-30 | 251589048 |
| 2022 : NEW ERA TECHNOLOGY WELFARE BENEFIT PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-07-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-07-01 | $2,473,933 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-07-01 | $1,560,380 |
| Total income from all sources (including contributions) | 2022-07-01 | $20,006,859 |
| Total loss/gain on sale of assets | 2022-07-01 | $0 |
| Total of all expenses incurred | 2022-07-01 | $19,450,965 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-07-01 | $15,761,386 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-07-01 | $19,988,298 |
| Value of total assets at end of year | 2022-07-01 | $3,576,732 |
| Value of total assets at beginning of year | 2022-07-01 | $2,107,285 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-07-01 | $3,689,579 |
| Total interest from all sources | 2022-07-01 | $18,561 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-07-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-07-01 | No |
| Was this plan covered by a fidelity bond | 2022-07-01 | Yes |
| Value of fidelity bond cover | 2022-07-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-07-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-07-01 | No |
| Contributions received from participants | 2022-07-01 | $4,211,745 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-07-01 | $71,157 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-07-01 | $404,914 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-07-01 | $1,726,031 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-07-01 | $1,200,461 |
| Administrative expenses (other) incurred | 2022-07-01 | $2,333,341 |
| Liabilities. Value of operating payables at end of year | 2022-07-01 | $148,593 |
| Liabilities. Value of operating payables at beginning of year | 2022-07-01 | $6,019 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-07-01 | No |
| Value of net income/loss | 2022-07-01 | $555,894 |
| Value of net assets at end of year (total assets less liabilities) | 2022-07-01 | $1,102,799 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-07-01 | $546,905 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-07-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-07-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-07-01 | No |
| Investment advisory and management fees | 2022-07-01 | $266,974 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-07-01 | $3,505,575 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-07-01 | $18,561 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-07-01 | $15,761,386 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-07-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-07-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-07-01 | No |
| Assets. Invements in employer securities at end of year | 2022-07-01 | $0 |
| Assets. Invements in employer securities at beginning of year | 2022-07-01 | $0 |
| Contributions received in cash from employer | 2022-07-01 | $15,776,553 |
| Contract administrator fees | 2022-07-01 | $1,089,264 |
| Liabilities. Value of benefit claims payable at end of year | 2022-07-01 | $599,309 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-07-01 | $353,900 |
| Did the plan have assets held for investment | 2022-07-01 | 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 | 2022-07-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-07-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-07-01 | 1 |
| Accountancy firm name | 2022-07-01 | YOUNG OAKES BROWN & CO PC |
| Accountancy firm EIN | 2022-07-01 | 251589048 |
| Total unrealized appreciation/depreciation of assets | 2022-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $1,560,380 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
| Total income from all sources (including contributions) | 2022-06-30 | $14,060,733 |
| Total loss/gain on sale of assets | 2022-06-30 | $0 |
| Total of all expenses incurred | 2022-06-30 | $13,513,828 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-06-30 | $11,015,313 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-06-30 | $14,057,129 |
| Value of total assets at end of year | 2022-06-30 | $2,107,285 |
| Value of total assets at beginning of year | 2022-06-30 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-06-30 | $2,498,515 |
| Total interest from all sources | 2022-06-30 | $3,604 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-06-30 | No |
| Was this plan covered by a fidelity bond | 2022-06-30 | Yes |
| Value of fidelity bond cover | 2022-06-30 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-06-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-06-30 | No |
| Contributions received from participants | 2022-06-30 | $3,026,753 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-06-30 | $404,914 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-06-30 | $1,200,461 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-06-30 | $0 |
| Administrative expenses (other) incurred | 2022-06-30 | $1,568,550 |
| Liabilities. Value of operating payables at end of year | 2022-06-30 | $6,019 |
| Liabilities. Value of operating payables at beginning of year | 2022-06-30 | $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 | 2022-06-30 | No |
| Value of net income/loss | 2022-06-30 | $546,905 |
| Value of net assets at end of year (total assets less liabilities) | 2022-06-30 | $546,905 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-06-30 | $0 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-06-30 | No |
| Investment advisory and management fees | 2022-06-30 | $213,272 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-06-30 | $1,702,371 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-06-30 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-06-30 | $3,604 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-06-30 | $11,015,313 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-06-30 | No |
| Assets. Invements in employer securities at end of year | 2022-06-30 | $0 |
| Assets. Invements in employer securities at beginning of year | 2022-06-30 | $0 |
| Contributions received in cash from employer | 2022-06-30 | $11,030,376 |
| Contract administrator fees | 2022-06-30 | $716,693 |
| Liabilities. Value of benefit claims payable at end of year | 2022-06-30 | $353,900 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-06-30 | $0 |
| Did the plan have assets held for investment | 2022-06-30 | 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 | 2022-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-06-30 | Unqualified |
| Accountancy firm name | 2022-06-30 | YOUNG OAKES BROWN & CO PC |
| Accountancy firm EIN | 2022-06-30 | 251589048 |
