401k Plan data: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN plan

INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 401k Plan overview

Plan Name	INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN
Plan identification number	001

INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

INNOVATIVE MANAGEMENT CONCEPTS, INC. has sponsored the creation of one or more 401k plans.

Company Name: INNOVATIVE MANAGEMENT CONCEPTS, INC.

Employer identification number (EIN): 541516173

NAIC Classification: 541512
NAIC Description: Computer Systems Design Services

Additional information about INNOVATIVE MANAGEMENT CONCEPTS, INC.

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 1989-09-11

Company Identification Number: 0346448

Legal Registered Office Address: 21400 RIDGETOP CIRCLE SUITE 210

DULLES
United States of America (USA)
20166

More information about INNOVATIVE MANAGEMENT CONCEPTS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 ERIC M. MIGHT 2023-09-19
001 2021-01-01 ERIC M. MIGHT 2022-09-27
001 2020-01-01 ERIC M. MIGHT 2021-10-08
001 2019-01-01 ERIC M. MIGHT 2020-09-22
001 2018-01-01 ERIC M. MIGHT 2019-09-16
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2015-01-01 ERIC M. MIGHT 2016-10-05
001 2014-01-01
001 2013-01-01
001 2012-01-01 ERIC M. MIGHT
001 2011-01-01 ERIC M. MIGHT 2012-10-11
001 2010-01-01 ERIC M. MIGHT 2012-10-16

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	ERIC M. MIGHT	2023-09-19
001	2021-01-01	ERIC M. MIGHT	2022-09-27
001	2020-01-01	ERIC M. MIGHT	2021-10-08
001	2019-01-01	ERIC M. MIGHT	2020-09-22
001	2018-01-01	ERIC M. MIGHT	2019-09-16
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2015-01-01	ERIC M. MIGHT	2016-10-05
001	2014-01-01
001	2013-01-01
001	2012-01-01	ERIC M. MIGHT
001	2011-01-01	ERIC M. MIGHT	2012-10-11
001	2010-01-01	ERIC M. MIGHT	2012-10-16

Plan Statistics for INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN

401k plan membership statisitcs for INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN

Measure Date Value
2022: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 299
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 178
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 100
Total of all active and inactive participants 2022-01-01 278
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 278
Number of participants with account balances 2022-01-01 207
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 372
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 161
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 136
Total of all active and inactive participants 2021-01-01 297
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 297
Number of participants with account balances 2021-01-01 239
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 252
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 303
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 49
Total of all active and inactive participants 2020-01-01 352
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 352
Number of participants with account balances 2020-01-01 228
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 204
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 189
Number of other retired or separated participants entitled to future benefits 2019-01-01 55
Total of all active and inactive participants 2019-01-01 244
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 244
Number of participants with account balances 2019-01-01 180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 165
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 151
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 52
Total of all active and inactive participants 2018-01-01 203
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 203
Number of participants with account balances 2018-01-01 162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 152
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 120
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 44
Total of all active and inactive participants 2017-01-01 164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 164
Number of participants with account balances 2017-01-01 131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 150
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 105
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 44
Total of all active and inactive participants 2016-01-01 149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 1
Total participants 2016-01-01 150
Number of participants with account balances 2016-01-01 125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 145
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 102
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 46
Total of all active and inactive participants 2015-01-01 148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 1
Total participants 2015-01-01 149
Number of participants with account balances 2015-01-01 117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 131
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 85
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 50
Total of all active and inactive participants 2014-01-01 135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 2
Total participants 2014-01-01 137
Number of participants with account balances 2014-01-01 117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 128
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 89
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 42
Total of all active and inactive participants 2013-01-01 131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 131
Number of participants with account balances 2013-01-01 103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 130
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 91
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 30
Total of all active and inactive participants 2012-01-01 121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 121
Number of participants with account balances 2012-01-01 97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0

Measure	Date	Value
2022: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	299
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	178
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	100
Total of all active and inactive participants	2022-01-01	278
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	278
Number of participants with account balances	2022-01-01	207
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	372
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	161
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	136
Total of all active and inactive participants	2021-01-01	297
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	297
Number of participants with account balances	2021-01-01	239
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	252
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	303
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	49
Total of all active and inactive participants	2020-01-01	352
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	352
Number of participants with account balances	2020-01-01	228
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	204
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	189
Number of other retired or separated participants entitled to future benefits	2019-01-01	55
Total of all active and inactive participants	2019-01-01	244
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	244
Number of participants with account balances	2019-01-01	180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	165
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	151
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	52
Total of all active and inactive participants	2018-01-01	203
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	203
Number of participants with account balances	2018-01-01	162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	152
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	120
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	44
Total of all active and inactive participants	2017-01-01	164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	164
Number of participants with account balances	2017-01-01	131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	150
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	105
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	44
Total of all active and inactive participants	2016-01-01	149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	1
Total participants	2016-01-01	150
Number of participants with account balances	2016-01-01	125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	145
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	102
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	46
Total of all active and inactive participants	2015-01-01	148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	1
Total participants	2015-01-01	149
Number of participants with account balances	2015-01-01	117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	131
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	85
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	50
Total of all active and inactive participants	2014-01-01	135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	2
Total participants	2014-01-01	137
Number of participants with account balances	2014-01-01	117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	128
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	89
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	42
Total of all active and inactive participants	2013-01-01	131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	131
Number of participants with account balances	2013-01-01	103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	130
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	91
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	30
Total of all active and inactive participants	2012-01-01	121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	121
Number of participants with account balances	2012-01-01	97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0

Financial Data on INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN

Measure	Date	Value
2022 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$-2,199,600
Total of all expenses incurred	2022-12-31	$4,176,514
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$4,166,835
Expenses. Certain deemed distributions of participant loans	2022-12-31	$8,629
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,657,478
Value of total assets at end of year	2022-12-31	$11,756,336
Value of total assets at beginning of year	2022-12-31	$18,132,450
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$1,050
Total interest from all sources	2022-12-31	$3,908
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$857,684
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	$857,684
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	$1,227,625
Participant contributions at end of year	2022-12-31	$127,104
Participant contributions at beginning of year	2022-12-31	$139,898
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$90,000
Administrative expenses (other) incurred	2022-12-31	$1,050
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	$-6,376,114
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$11,756,336
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$18,132,450
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	$11,504,325
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$17,844,036
Interest on participant loans	2022-12-31	$2,438
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$124,907
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$148,516
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$148,516
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$1,470
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-4,718,670
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	$339,853
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$4,166,835
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	2022-12-31	No
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	HANTZMON WIEBEL LLP
Accountancy firm EIN	2022-12-31	540618213
2021 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$5,832,325
Total of all expenses incurred	2021-12-31	$2,775,677
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$2,761,439
Expenses. Certain deemed distributions of participant loans	2021-12-31	$5
Value of total corrective distributions	2021-12-31	$12,658
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$3,046,926
Value of total assets at end of year	2021-12-31	$18,132,450
Value of total assets at beginning of year	2021-12-31	$15,075,802
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$1,575
Total interest from all sources	2021-12-31	$3,646
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$1,710,376
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	$1,710,376
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	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	$1,892,447
Participant contributions at end of year	2021-12-31	$139,898
Participant contributions at beginning of year	2021-12-31	$207,461
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$632,757
Administrative expenses (other) incurred	2021-12-31	$1,575
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	$3,056,648
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$18,132,450
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$15,075,802
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	$17,844,036
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$14,731,239
Interest on participant loans	2021-12-31	$3,600
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$148,516
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$137,102
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$137,102
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$46
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$1,071,377
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	$521,722
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$2,761,439
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	No
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
Accountancy firm name	2021-12-31	PBMARES, LLP
Accountancy firm EIN	2021-12-31	540737372
2020 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)	2020-12-31	$6,153,263
Total of all expenses incurred	2020-12-31	$1,382,021
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$1,381,371
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$3,082,485
Value of total assets at end of year	2020-12-31	$15,075,802
Value of total assets at beginning of year	2020-12-31	$10,304,560
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$650
Total interest from all sources	2020-12-31	$3,828
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$837,595
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	$837,595
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	$1,632,495
Participant contributions at end of year	2020-12-31	$207,461
Participant contributions at beginning of year	2020-12-31	$178,207
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$1,012,423
Administrative expenses (other) incurred	2020-12-31	$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	2020-12-31	No
Value of net income/loss	2020-12-31	$4,771,242
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$15,075,802
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$10,304,560
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	$14,731,239
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$9,948,997
Interest on participant loans	2020-12-31	$3,251
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$137,102
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$177,356
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$177,356
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$577
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$2,229,355
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	$437,567
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$1,381,371
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	2020-12-31	No
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	PBMARES, LLP
Accountancy firm EIN	2020-12-31	540737372
2019 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)	2019-12-31	$3,884,042
Total of all expenses incurred	2019-12-31	$1,287,466
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,284,013
Value of total corrective distributions	2019-12-31	$2,603
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,787,215
Value of total assets at end of year	2019-12-31	$10,304,560
Value of total assets at beginning of year	2019-12-31	$7,707,984
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$850
Total interest from all sources	2019-12-31	$7,598
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$486,164
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	$486,164
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
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	$1,218,350
Participant contributions at end of year	2019-12-31	$178,207
Participant contributions at beginning of year	2019-12-31	$111,269
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$247,687
Administrative expenses (other) incurred	2019-12-31	$850
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	$2,596,576
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$10,304,560
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$7,707,984
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	$9,948,997
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$7,280,290
Interest on participant loans	2019-12-31	$2,001
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$177,356
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$316,425
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$316,425
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$5,597
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,603,065
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	No
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	$321,178
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,284,013
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	2019-12-31	No
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	PBMARES, LLP
Accountancy firm EIN	2019-12-31	540737372
2018 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)	2018-12-31	$810,960
Total of all expenses incurred	2018-12-31	$1,657,114
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$1,649,043
Value of total corrective distributions	2018-12-31	$7,471
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$1,326,992
Value of total assets at end of year	2018-12-31	$7,707,984
Value of total assets at beginning of year	2018-12-31	$8,554,138
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$600
Total interest from all sources	2018-12-31	$5,746
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$628,759
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	$628,759
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$500,000
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	$914,705
Participant contributions at end of year	2018-12-31	$111,269
Participant contributions at beginning of year	2018-12-31	$120,771
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$147,175
Administrative expenses (other) incurred	2018-12-31	$600
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	$-846,154
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$7,707,984
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$8,554,138
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	$7,280,290
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$8,138,962
Interest on participant loans	2018-12-31	$1,345
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$316,425
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2018-12-31	$294,405
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2018-12-31	$294,405
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$4,401
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-1,150,537
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	No
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	$265,112
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$1,649,043
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	2018-12-31	No
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	PBMARES, LLP
Accountancy firm EIN	2018-12-31	540737372
2017 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)	2017-12-31	$2,630,194
Total of all expenses incurred	2017-12-31	$567,856
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$566,206
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$1,121,711
Value of total assets at end of year	2017-12-31	$8,554,138
Value of total assets at beginning of year	2017-12-31	$6,491,800
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$1,650
Total interest from all sources	2017-12-31	$2,289
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$418,044
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	$418,044
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$500,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
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	$731,213
Participant contributions at end of year	2017-12-31	$120,771
Participant contributions at beginning of year	2017-12-31	$132,815
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$184,434
Administrative expenses (other) incurred	2017-12-31	$1,650
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	$2,062,338
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$8,554,138
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$6,491,800
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	$8,138,962
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$6,245,584
Interest on participant loans	2017-12-31	$1,258
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$294,405
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-31	$113,401
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-31	$113,401
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$1,031
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$1,088,150
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	$206,064
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$566,206
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	No
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	PBMARES, LLP
Accountancy firm EIN	2017-12-31	540737372
2016 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)	2016-12-31	$1,445,273
Total of all expenses incurred	2016-12-31	$708,561
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$697,613
Value of total corrective distributions	2016-12-31	$7,531
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$1,043,444
Value of total assets at end of year	2016-12-31	$6,491,800
Value of total assets at beginning of year	2016-12-31	$5,755,088
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$3,417
Total interest from all sources	2016-12-31	$1,652
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$260,925
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$260,925
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$500,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$674,923
Participant contributions at end of year	2016-12-31	$132,815
Participant contributions at beginning of year	2016-12-31	$153,128
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$179,667
Administrative expenses (other) incurred	2016-12-31	$3,417
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$736,712
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$6,491,800
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$5,755,088
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$6,245,584
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$5,416,278
Interest on participant loans	2016-12-31	$1,557
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$113,401
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$185,682
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$185,682
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$95
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$139,252
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$188,854
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$697,613
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	2016-12-31	No
Did the plan have assets held for investment	2016-12-31	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	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	PB MARES, LLP
Accountancy firm EIN	2016-12-31	540737372
2015 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)	2015-12-31	$1,109,112
Total of all expenses incurred	2015-12-31	$913,188
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$900,684
Value of total corrective distributions	2015-12-31	$10,531
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$1,011,412
Value of total assets at end of year	2015-12-31	$5,755,088
Value of total assets at beginning of year	2015-12-31	$5,559,164
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$1,973
Total interest from all sources	2015-12-31	$1,572
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$278,433
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$278,433
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$500,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$686,289
Participant contributions at end of year	2015-12-31	$153,128
Participant contributions at beginning of year	2015-12-31	$167,183
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$139,596
Administrative expenses (other) incurred	2015-12-31	$1,973
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$195,924
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$5,755,088
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$5,559,164
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$5,416,278
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$5,229,400
Interest on participant loans	2015-12-31	$1,545
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$185,682
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-12-31	$162,581
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-12-31	$162,581
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$27
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-182,305
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$185,527
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$900,684
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	2015-12-31	No
Did the plan have assets held for investment	2015-12-31	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	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	PB MARES, LLP
Accountancy firm EIN	2015-12-31	540737372
2014 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources (including contributions)	2014-12-31	$1,189,767
Total of all expenses incurred	2014-12-31	$581,088
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$576,982
Value of total corrective distributions	2014-12-31	$2,075
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$784,706
Value of total assets at end of year	2014-12-31	$5,559,164
Value of total assets at beginning of year	2014-12-31	$4,950,485
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$2,031
Total interest from all sources	2014-12-31	$1,321
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$313,956
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2014-12-31	$313,956
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$609,323
Participant contributions at end of year	2014-12-31	$167,183
Participant contributions at beginning of year	2014-12-31	$124,546
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$7,072
Administrative expenses (other) incurred	2014-12-31	$2,031
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$608,679
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$5,559,164
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$4,950,485
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$5,229,400
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$4,645,256
Interest on participant loans	2014-12-31	$1,302
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-12-31	$162,581
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-12-31	$180,683
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-12-31	$180,683
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2014-12-31	$19
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$89,784
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$168,311
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$576,982
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	2014-12-31	No
Did the plan have assets held for investment	2014-12-31	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	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	PB MARES, LLP
Accountancy firm EIN	2014-12-31	540737372
2013 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets	2013-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2013-12-31	$0
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total transfer of assets to this plan	2013-12-31	$0
Total transfer of assets from this plan	2013-12-31	$0
Expenses. Interest paid	2013-12-31	$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$1,931,469
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$950,515
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$948,855
Expenses. Certain deemed distributions of participant loans	2013-12-31	$0
Value of total corrective distributions	2013-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$934,238
Value of total assets at end of year	2013-12-31	$4,950,485
Value of total assets at beginning of year	2013-12-31	$3,969,531
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$1,660
Total income from rents	2013-12-31	$0
Total interest from all sources	2013-12-31	$1,221
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$234,944
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2013-12-31	$234,944
Administrative expenses professional fees incurred	2013-12-31	$0
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$500,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$620,164
Participant contributions at end of year	2013-12-31	$124,546
Participant contributions at beginning of year	2013-12-31	$78,807
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$144,593
Administrative expenses (other) incurred	2013-12-31	$1,660
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Income. Non cash contributions	2013-12-31	$0
Value of net income/loss	2013-12-31	$980,954
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$4,950,485
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$3,969,531
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Investment advisory and management fees	2013-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$4,645,256
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$3,778,462
Interest on participant loans	2013-12-31	$1,207
Income. Interest from loans (other than to participants)	2013-12-31	$0
Interest earned on other investments	2013-12-31	$0
Income. Interest from US Government securities	2013-12-31	$0
Income. Interest from corporate debt instruments	2013-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$180,683
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$112,262
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$112,262
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-31	$14
Expenses. Payments to insurance carriers foe the provision of benefits	2013-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$761,066
Net investment gain/loss from pooled separate accounts	2013-12-31	$0
Net investment gain or loss from common/collective trusts	2013-12-31	$0
Net gain/loss from 103.12 investment entities	2013-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$169,481
Income. Dividends from preferred stock	2013-12-31	$0
Income. Dividends from common stock	2013-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$948,855
Contract administrator fees	2013-12-31	$0
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	2013-12-31	No
Did the plan have assets held for investment	2013-12-31	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	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Aggregate proceeds on sale of assets	2013-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2013-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	PB MARES, LLP
Accountancy firm EIN	2013-12-31	540737372
2012 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources (including contributions)	2012-12-31	$1,345,435
Total of all expenses incurred	2012-12-31	$466,438
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$463,872
Expenses. Certain deemed distributions of participant loans	2012-12-31	$934
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$900,591
Value of total assets at end of year	2012-12-31	$3,969,531
Value of total assets at beginning of year	2012-12-31	$3,090,533
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$1,632
Total interest from all sources	2012-12-31	$1,708
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$115,023
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$115,023
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$500,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$580,390
Participant contributions at end of year	2012-12-31	$78,807
Participant contributions at beginning of year	2012-12-31	$154,453
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$144,504
Administrative expenses (other) incurred	2012-12-31	$1,632
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Income. Non cash contributions	2012-12-31	$0
Value of net income/loss	2012-12-31	$878,997
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$3,969,531
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$3,090,533
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$3,778,462
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$2,833,444
Interest on participant loans	2012-12-31	$1,697
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$112,262
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$102,636
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$102,636
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$11
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$328,113
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$175,697
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$463,872
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	2012-12-31	No
Did the plan have assets held for investment	2012-12-31	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	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	PB MARES, LLP
Accountancy firm EIN	2012-12-31	540737372

Form 5500 Responses for INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN

2022: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	INNOVATIVE MANAGEMENT CONCEPTS, INC.
Employer identification number (EIN):	541516173
NAIC Classification:	541512
NAIC Description:	Computer Systems Design Services

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	1989-09-11
Company Identification Number:	0346448
Legal Registered Office Address:	21400 RIDGETOP CIRCLE SUITE 210 DULLES United States of America (USA) 20166