VECTOR MEDIA HOLDING CORPORATION has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
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2022 : VECTOR MEDIA 401(K) PLAN 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-12-31 | $-482,974 |
Total of all expenses incurred | 2022-12-31 | $578,242 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $455,832 |
Value of total corrective distributions | 2022-12-31 | $98,843 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,237,918 |
Value of total assets at end of year | 2022-12-31 | $8,180,265 |
Value of total assets at beginning of year | 2022-12-31 | $9,241,481 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $23,567 |
Total interest from all sources | 2022-12-31 | $7,257 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $5,000,000 |
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 | $806,299 |
Participant contributions at end of year | 2022-12-31 | $50,118 |
Participant contributions at beginning of year | 2022-12-31 | $60,694 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $419 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $0 |
Administrative expenses (other) incurred | 2022-12-31 | $2,587 |
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 | $-1,061,216 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $8,180,265 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $9,241,481 |
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 |
Investment advisory and management fees | 2022-12-31 | $20,980 |
Value of interest in pooled separate accounts at end of year | 2022-12-31 | $7,544,010 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $8,604,986 |
Interest on participant loans | 2022-12-31 | $2,495 |
Interest earned on other investments | 2022-12-31 | $4,762 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $585,718 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $575,801 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-1,728,149 |
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 | $431,619 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $455,832 |
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 | BDG-CPAS |
Accountancy firm EIN | 2022-12-31 | 222625944 |