FLAG TELECOM NETWORK USA LIMITED has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan GLOBAL CLOUD XCHANGE 401(K) PLAN
Measure | Date | Value |
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2020 : GLOBAL CLOUD XCHANGE 401(K) PLAN 2020 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total transfer of assets to this plan | 2020-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total income from all sources (including contributions) | 2020-12-31 | $1,121,231 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $1,199,118 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,186,883 |
Value of total corrective distributions | 2020-12-31 | $5,699 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $423,411 |
Value of total assets at end of year | 2020-12-31 | $6,035,381 |
Value of total assets at beginning of year | 2020-12-31 | $6,113,268 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $6,536 |
Total interest from all sources | 2020-12-31 | $5,954 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $281,544 |
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 | $281,544 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 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 | $326,362 |
Participant contributions at end of year | 2020-12-31 | $104,572 |
Participant contributions at beginning of year | 2020-12-31 | $128,793 |
Assets. Other investments not covered elsewhere at end of year | 2020-12-31 | $5,930,809 |
Other income not declared elsewhere | 2020-12-31 | $171 |
Administrative expenses (other) incurred | 2020-12-31 | $6,536 |
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 | $-77,887 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $6,035,381 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $6,113,268 |
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 beginning of year | 2020-12-31 | $5,984,475 |
Interest on participant loans | 2020-12-31 | $5,954 |
Value of interest in common/collective trusts at end of year | 2020-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $410,151 |
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 | Yes |
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 | $97,049 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $1,186,883 |
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 |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | ROSENGERG RICH BAKER BERMAN & CO |
Accountancy firm EIN | 2020-12-31 | 223271252 |
2019 : GLOBAL CLOUD XCHANGE 401(K) PLAN 2019 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total transfer of assets to this plan | 2019-12-31 | $0 |
Total transfer of assets from this plan | 2019-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total income from all sources (including contributions) | 2019-12-31 | $1,532,907 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $300,584 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $292,645 |
Value of total corrective distributions | 2019-12-31 | $7,389 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $482,147 |
Value of total assets at end of year | 2019-12-31 | $6,113,268 |
Value of total assets at beginning of year | 2019-12-31 | $4,880,945 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $550 |
Total interest from all sources | 2019-12-31 | $6,504 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $301,929 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $301,929 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $489,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $390,623 |
Participant contributions at end of year | 2019-12-31 | $128,793 |
Participant contributions at beginning of year | 2019-12-31 | $122,254 |
Other income not declared elsewhere | 2019-12-31 | $376 |
Administrative expenses (other) incurred | 2019-12-31 | $550 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $1,232,323 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $6,113,268 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $4,880,945 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $5,984,475 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $4,758,691 |
Interest on participant loans | 2019-12-31 | $6,504 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $741,951 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Contributions received in cash from employer | 2019-12-31 | $91,524 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $292,645 |
Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | ROSENGERG RICH BAKER BERMAN & CO |
Accountancy firm EIN | 2019-12-31 | 223271252 |
2018 : GLOBAL CLOUD XCHANGE 401(K) PLAN 2018 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
Total transfer of assets to this plan | 2018-12-31 | $0 |
Total transfer of assets from this plan | 2018-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total income from all sources (including contributions) | 2018-12-31 | $115,144 |
Total loss/gain on sale of assets | 2018-12-31 | $0 |
Total of all expenses incurred | 2018-12-31 | $100,680 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $100,330 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $433,439 |
Value of total assets at end of year | 2018-12-31 | $4,880,945 |
Value of total assets at beginning of year | 2018-12-31 | $4,866,481 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $350 |
Total interest from all sources | 2018-12-31 | $8,015 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $285,028 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $285,028 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $487,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $341,754 |
Participant contributions at end of year | 2018-12-31 | $122,254 |
Participant contributions at beginning of year | 2018-12-31 | $151,534 |
Administrative expenses (other) incurred | 2018-12-31 | $350 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $14,464 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $4,880,945 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $4,866,481 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $4,758,691 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $4,714,947 |
Interest on participant loans | 2018-12-31 | $8,015 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-611,338 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $91,685 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $100,330 |
Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | ROSENBERG, RICH, BAKER, BERMAN & CO |
Accountancy firm EIN | 2018-12-31 | 223271252 |
2017 : GLOBAL CLOUD XCHANGE 401(K) PLAN 2017 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
Total transfer of assets from this plan | 2017-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total income from all sources (including contributions) | 2017-12-31 | $1,264,914 |
Total loss/gain on sale of assets | 2017-12-31 | $0 |
Total of all expenses incurred | 2017-12-31 | $1,138,751 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $1,113,369 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $414,207 |
Value of total assets at end of year | 2017-12-31 | $4,866,481 |
Value of total assets at beginning of year | 2017-12-31 | $4,740,318 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $25,382 |
Total interest from all sources | 2017-12-31 | $2,829 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $160,309 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $160,309 |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $475,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Contributions received from participants | 2017-12-31 | $285,079 |
Participant contributions at end of year | 2017-12-31 | $151,534 |
Participant contributions at beginning of year | 2017-12-31 | $5,676 |
Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $46,372 |
Administrative expenses (other) incurred | 2017-12-31 | $650 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $126,163 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $4,866,481 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $4,740,318 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $4,714,947 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $4,604,784 |
Interest on participant loans | 2017-12-31 | $2,829 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-12-31 | $129,858 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $687,569 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Contributions received in cash from employer | 2017-12-31 | $82,756 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $1,113,369 |
Contract administrator fees | 2017-12-31 | $24,732 |
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 | 2017-12-31 | Yes |
Did the plan have assets held for investment | 2017-12-31 | 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 | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
Accountancy firm name | 2017-12-31 | JANET TROXELL |
Accountancy firm EIN | 2017-12-31 | 404868011 |