NEW JERSEY INNOVATION INSTITUTE INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan NEW JERSEY INNOVATION INSTITUTE INC. RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2023 : NEW JERSEY INNOVATION INSTITUTE INC. RETIREMENT PLAN 2023 401k financial data |
|---|
| Total transfer of assets to this plan | 2023-12-31 | $131,277 |
| Total income from all sources (including contributions) | 2023-12-31 | $2,538,982 |
| Total of all expenses incurred | 2023-12-31 | $1,346,647 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $1,343,334 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $1,415,272 |
| Value of total assets at end of year | 2023-12-31 | $7,261,039 |
| Value of total assets at beginning of year | 2023-12-31 | $5,937,427 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $3,313 |
| Total interest from all sources | 2023-12-31 | $3,637 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $145,443 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $145,443 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $620,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $605,068 |
| Participant contributions at end of year | 2023-12-31 | $60,819 |
| Participant contributions at beginning of year | 2023-12-31 | $78,336 |
| Participant contributions at end of year | 2023-12-31 | $25,556 |
| Participant contributions at beginning of year | 2023-12-31 | $21,642 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $102,229 |
| Other income not declared elsewhere | 2023-12-31 | $114 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $1,192,335 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $7,261,039 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $5,937,427 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $6,973,879 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $5,679,625 |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $5,487 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $176 |
| Interest on participant loans | 2023-12-31 | $3,637 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $166,994 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $133,410 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $973,458 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $1,058 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $707,975 |
| Employer contributions (assets) at end of year | 2023-12-31 | $28,304 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $24,238 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $1,343,334 |
| Contract administrator fees | 2023-12-31 | $3,313 |
| Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | WITHUMSMITH+BROWN, P.C. |
| Accountancy firm EIN | 2023-12-31 | 222027092 |
| Total transfer of assets to this plan | 2023-01-01 | $131,277 |
| Total income from all sources (including contributions) | 2023-01-01 | $2,538,982 |
| Total of all expenses incurred | 2023-01-01 | $1,346,647 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $1,343,334 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $1,415,272 |
| Value of total assets at end of year | 2023-01-01 | $7,261,039 |
| Value of total assets at beginning of year | 2023-01-01 | $5,937,427 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $3,313 |
| Total interest from all sources | 2023-01-01 | $3,637 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $145,443 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $145,443 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $620,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $605,068 |
| Participant contributions at end of year | 2023-01-01 | $60,819 |
| Participant contributions at beginning of year | 2023-01-01 | $78,336 |
| Participant contributions at end of year | 2023-01-01 | $25,556 |
| Participant contributions at beginning of year | 2023-01-01 | $21,642 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $102,229 |
| Other income not declared elsewhere | 2023-01-01 | $114 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $1,192,335 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $7,261,039 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $5,937,427 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $6,973,879 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $5,679,625 |
| Value of interest in pooled separate accounts at end of year | 2023-01-01 | $5,487 |
| Value of interest in pooled separate accounts at beginning of year | 2023-01-01 | $176 |
| Interest on participant loans | 2023-01-01 | $3,637 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $166,994 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $133,410 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $973,458 |
| Net investment gain/loss from pooled separate accounts | 2023-01-01 | $1,058 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $707,975 |
| Employer contributions (assets) at end of year | 2023-01-01 | $28,304 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $24,238 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $1,343,334 |
| Contract administrator fees | 2023-01-01 | $3,313 |
| Did the plan have assets held for investment | 2023-01-01 | 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 | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | WITHUMSMITH+BROWN, P.C. |
| Accountancy firm EIN | 2023-01-01 | 222027092 |
| 2022 : NEW JERSEY INNOVATION INSTITUTE INC. RETIREMENT PLAN 2022 401k financial data |
|---|
| Total income from all sources (including contributions) | 2022-12-31 | $613,286 |
| Total of all expenses incurred | 2022-12-31 | $1,312,030 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,309,392 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,686,640 |
| Value of total assets at end of year | 2022-12-31 | $5,937,427 |
| Value of total assets at beginning of year | 2022-12-31 | $6,636,171 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $2,638 |
| Total interest from all sources | 2022-12-31 | $3,121 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $110,111 |
| 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 | $110,111 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $620,000 |
| 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 | $537,166 |
| Participant contributions at end of year | 2022-12-31 | $78,336 |
| Participant contributions at beginning of year | 2022-12-31 | $106,885 |
| Participant contributions at end of year | 2022-12-31 | $21,642 |
| Participant contributions at beginning of year | 2022-12-31 | $18,371 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $569,901 |
| Other income not declared elsewhere | 2022-12-31 | $80 |
| 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 | $-698,744 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $5,937,427 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $6,636,171 |
| 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 | $5,679,625 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $6,314,232 |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $176 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $43,633 |
| Interest on participant loans | 2022-12-31 | $3,121 |
| Interest earned on other investments | 2022-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $133,410 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $132,861 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,183,839 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-2,827 |
| 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 |
| Contributions received in cash from employer | 2022-12-31 | $579,573 |
| Employer contributions (assets) at end of year | 2022-12-31 | $24,238 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $20,189 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $1,309,392 |
| Contract administrator fees | 2022-12-31 | $2,638 |
| 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 | WITHUMSMITH+BROWN, P.C. |
| Accountancy firm EIN | 2022-12-31 | 222027092 |
| Total income from all sources (including contributions) | 2022-01-01 | $613,286 |
| Total of all expenses incurred | 2022-01-01 | $1,312,030 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $1,309,392 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $1,686,640 |
| Value of total assets at end of year | 2022-01-01 | $5,937,427 |
| Value of total assets at beginning of year | 2022-01-01 | $6,636,171 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $2,638 |
| Total interest from all sources | 2022-01-01 | $3,121 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $110,111 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $110,111 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $620,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $537,166 |
| Participant contributions at end of year | 2022-01-01 | $78,336 |
| Participant contributions at beginning of year | 2022-01-01 | $106,885 |
| Participant contributions at end of year | 2022-01-01 | $21,642 |
| Participant contributions at beginning of year | 2022-01-01 | $18,371 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $569,901 |
| Other income not declared elsewhere | 2022-01-01 | $80 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-698,744 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $5,937,427 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $6,636,171 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $5,679,625 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $6,314,232 |
| Value of interest in pooled separate accounts at end of year | 2022-01-01 | $176 |
| Value of interest in pooled separate accounts at beginning of year | 2022-01-01 | $43,633 |
| Interest on participant loans | 2022-01-01 | $3,121 |
| Interest earned on other investments | 2022-01-01 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-01-01 | $133,410 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-01-01 | $132,861 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-1,183,839 |
| Net investment gain/loss from pooled separate accounts | 2022-01-01 | $-2,827 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $579,573 |
| Employer contributions (assets) at end of year | 2022-01-01 | $24,238 |
| Employer contributions (assets) at beginning of year | 2022-01-01 | $20,189 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $1,309,392 |
| Contract administrator fees | 2022-01-01 | $2,638 |
| Did the plan have assets held for investment | 2022-01-01 | 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 | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | WITHUMSMITH+BROWN, P.C. |
| Accountancy firm EIN | 2022-01-01 | 222027092 |
| 2021 : NEW JERSEY INNOVATION INSTITUTE INC. RETIREMENT PLAN 2021 401k financial data |
|---|
| Total income from all sources (including contributions) | 2021-12-31 | $2,176,941 |
| Total of all expenses incurred | 2021-12-31 | $997,438 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $994,438 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,313,970 |
| Value of total assets at end of year | 2021-12-31 | $6,636,171 |
| Value of total assets at beginning of year | 2021-12-31 | $5,456,668 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $3,000 |
| Total interest from all sources | 2021-12-31 | $3,743 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $663,843 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $663,843 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $620,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | Yes |
| Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers | 2021-12-31 | 0 |
| Minimum employer required contribution for this plan year | 2021-12-31 | $0 |
| Amount contributed by the employer to the plan for this plan year | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $559,303 |
| Participant contributions at end of year | 2021-12-31 | $106,885 |
| Participant contributions at beginning of year | 2021-12-31 | $27,197 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $164,943 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $18,371 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $24,623 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $1,179,503 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $6,636,171 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $5,456,668 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $6,314,232 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $5,253,260 |
| Value of interest in pooled separate accounts at end of year | 2021-12-31 | $43,633 |
| Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $15,430 |
| Interest on participant loans | 2021-12-31 | $3,743 |
| Interest earned on other investments | 2021-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $132,861 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $110,838 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $189,366 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $6,019 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $589,724 |
| Employer contributions (assets) at end of year | 2021-12-31 | $20,189 |
| Employer contributions (assets) at beginning of year | 2021-12-31 | $25,320 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $994,438 |
| Contract administrator fees | 2021-12-31 | $3,000 |
| 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 | 2021-12-31 | Yes |
| Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| 2020 : NEW JERSEY INNOVATION INSTITUTE INC. RETIREMENT PLAN 2020 401k financial data |
|---|
| Total income from all sources (including contributions) | 2020-12-31 | $1,571,883 |
| Total of all expenses incurred | 2020-12-31 | $308,464 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $307,607 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $647,079 |
| Value of total assets at end of year | 2020-12-31 | $5,422,069 |
| Value of total assets at beginning of year | 2020-12-31 | $4,158,650 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $857 |
| Total interest from all sources | 2020-12-31 | $1,373 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $124,525 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $124,525 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $620,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers | 2020-12-31 | 0 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Minimum employer required contribution for this plan year | 2020-12-31 | $0 |
| Amount contributed by the employer to the plan for this plan year | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $280,589 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $56,540 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $17,221 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $28,519 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $1,263,419 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $5,422,069 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $4,158,650 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $5,253,260 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $4,083,210 |
| Value of interest in pooled separate accounts at end of year | 2020-12-31 | $15,430 |
| Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $9,790 |
| Interest on participant loans | 2020-12-31 | $826 |
| Interest earned on other investments | 2020-12-31 | $547 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $110,838 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $37,131 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $794,926 |
| Net investment gain/loss from pooled separate accounts | 2020-12-31 | $3,980 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $309,950 |
| Employer contributions (assets) at end of year | 2020-12-31 | $25,320 |
| Employer contributions (assets) at beginning of year | 2020-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $307,607 |
| Contract administrator fees | 2020-12-31 | $857 |
| Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Total income from all sources (including contributions) | 2020-06-30 | $1,849,313 |
| Total of all expenses incurred | 2020-06-30 | $1,277,178 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-06-30 | $1,274,713 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-06-30 | $1,628,301 |
| Value of total assets at end of year | 2020-06-30 | $4,158,650 |
| Value of total assets at beginning of year | 2020-06-30 | $3,586,515 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-06-30 | $2,465 |
| Total interest from all sources | 2020-06-30 | $6,045 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-06-30 | $81,210 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-06-30 | $81,210 |
| Was this plan covered by a fidelity bond | 2020-06-30 | Yes |
| Value of fidelity bond cover | 2020-06-30 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2020-06-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2020-06-30 | No |
| Contributions received from participants | 2020-06-30 | $636,338 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-06-30 | $382,078 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-06-30 | $28,519 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-06-30 | $68,845 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-06-30 | No |
| Value of net income/loss | 2020-06-30 | $572,135 |
| Value of net assets at end of year (total assets less liabilities) | 2020-06-30 | $4,158,650 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-06-30 | $3,586,515 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-06-30 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-06-30 | $4,083,210 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-06-30 | $3,295,351 |
| Value of interest in pooled separate accounts at end of year | 2020-06-30 | $9,790 |
| Value of interest in pooled separate accounts at beginning of year | 2020-06-30 | $5,946 |
| Interest on participant loans | 2020-06-30 | $2,734 |
| Interest earned on other investments | 2020-06-30 | $3,311 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-06-30 | $37,131 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-06-30 | $216,373 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-06-30 | $131,025 |
| Net investment gain/loss from pooled separate accounts | 2020-06-30 | $2,732 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-06-30 | No |
| Contributions received in cash from employer | 2020-06-30 | $609,885 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-06-30 | $1,274,713 |
| Contract administrator fees | 2020-06-30 | $2,465 |
| Did the plan have assets held for investment | 2020-06-30 | 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 | 2020-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-06-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2020-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2020-06-30 | Disclaimer |
| Accountancy firm name | 2020-06-30 | WITHUMSMITH+BROWN, P.C. |
| Accountancy firm EIN | 2020-06-30 | 222027092 |
| 2019 : NEW JERSEY INNOVATION INSTITUTE INC. RETIREMENT PLAN 2019 401k financial data |
|---|
| Total income from all sources (including contributions) | 2019-06-30 | $1,389,756 |
| Total of all expenses incurred | 2019-06-30 | $372,629 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-06-30 | $354,118 |
| Expenses. Certain deemed distributions of participant loans | 2019-06-30 | $10,000 |
| Value of total corrective distributions | 2019-06-30 | $5,543 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-06-30 | $1,241,073 |
| Value of total assets at end of year | 2019-06-30 | $3,586,515 |
| Value of total assets at beginning of year | 2019-06-30 | $2,569,388 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-06-30 | $2,968 |
| Total interest from all sources | 2019-06-30 | $5,895 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-06-30 | $58,212 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-06-30 | $58,212 |
| Was this plan covered by a fidelity bond | 2019-06-30 | Yes |
| Value of fidelity bond cover | 2019-06-30 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2019-06-30 | No |
| Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers | 2019-06-30 | 0 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-06-30 | $0 |
| Minimum employer required contribution for this plan year | 2019-06-30 | $0 |
| Amount contributed by the employer to the plan for this plan year | 2019-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-06-30 | No |
| Contributions received from participants | 2019-06-30 | $566,969 |
| Participant contributions at end of year | 2019-06-30 | $0 |
| Participant contributions at beginning of year | 2019-06-30 | $18,921 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-06-30 | $157,338 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-06-30 | $68,845 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-06-30 | $41,153 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-06-30 | No |
| Value of net income/loss | 2019-06-30 | $1,017,127 |
| Value of net assets at end of year (total assets less liabilities) | 2019-06-30 | $3,586,515 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-06-30 | $2,569,388 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-06-30 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-06-30 | $3,295,351 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-06-30 | $0 |
| Value of interest in pooled separate accounts at end of year | 2019-06-30 | $5,946 |
| Value of interest in pooled separate accounts at beginning of year | 2019-06-30 | $2,281,316 |
| Interest on participant loans | 2019-06-30 | $2,774 |
| Interest earned on other investments | 2019-06-30 | $3,121 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-06-30 | $216,373 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-06-30 | $183,871 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-06-30 | $55,372 |
| Net investment gain/loss from pooled separate accounts | 2019-06-30 | $29,204 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-06-30 | No |
| Contributions received in cash from employer | 2019-06-30 | $516,766 |
| Employer contributions (assets) at end of year | 2019-06-30 | $0 |
| Employer contributions (assets) at beginning of year | 2019-06-30 | $44,127 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-06-30 | $354,118 |
| Contract administrator fees | 2019-06-30 | $2,968 |
| Did the plan have assets held for investment | 2019-06-30 | 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 | 2019-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-06-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-06-30 | Disclaimer |
| Accountancy firm name | 2019-06-30 | WITHUMSMITH+BROWN, P.C. |
| Accountancy firm EIN | 2019-06-30 | 222027092 |
| 2018 : NEW JERSEY INNOVATION INSTITUTE INC. RETIREMENT PLAN 2018 401k financial data |
|---|
| Total income from all sources (including contributions) | 2018-06-30 | $1,245,105 |
| Total of all expenses incurred | 2018-06-30 | $290,893 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-06-30 | $290,364 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-06-30 | $1,052,764 |
| Value of total assets at end of year | 2018-06-30 | $2,569,388 |
| Value of total assets at beginning of year | 2018-06-30 | $1,615,176 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-06-30 | $529 |
| Total interest from all sources | 2018-06-30 | $2,013 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-06-30 | No |
| Administrative expenses professional fees incurred | 2018-06-30 | $529 |
| Was this plan covered by a fidelity bond | 2018-06-30 | Yes |
| Value of fidelity bond cover | 2018-06-30 | $620,000 |
| If this is an individual account plan, was there a blackout period | 2018-06-30 | No |
| Aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers | 2018-06-30 | 0 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-06-30 | $0 |
| Minimum employer required contribution for this plan year | 2018-06-30 | $0 |
| Amount contributed by the employer to the plan for this plan year | 2018-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-06-30 | No |
| Contributions received from participants | 2018-06-30 | $527,878 |
| Participant contributions at end of year | 2018-06-30 | $18,921 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-06-30 | $41,153 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-06-30 | $14,599 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-06-30 | No |
| Value of net income/loss | 2018-06-30 | $954,212 |
| Value of net assets at end of year (total assets less liabilities) | 2018-06-30 | $2,569,388 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-06-30 | $1,615,176 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-06-30 | No |
| Value of interest in pooled separate accounts at end of year | 2018-06-30 | $2,281,316 |
| Value of interest in pooled separate accounts at beginning of year | 2018-06-30 | $1,542,788 |
| Interest on participant loans | 2018-06-30 | $1,590 |
| Interest earned on other investments | 2018-06-30 | $423 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-06-30 | $183,871 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-06-30 | $57,789 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-06-30 | $190,328 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-06-30 | No |
| Contributions received in cash from employer | 2018-06-30 | $524,886 |
| Employer contributions (assets) at end of year | 2018-06-30 | $44,127 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-06-30 | $290,364 |
| Did the plan have assets held for investment | 2018-06-30 | 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 | 2018-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-06-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-06-30 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-06-30 | Disclaimer |
| Accountancy firm name | 2018-06-30 | WITHUMSMITH+BROWN, P.C. |
| Accountancy firm EIN | 2018-06-30 | 222027092 |
