NEWGEN OPERATIONS MANAGEMENT LLC has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2024 : 401(K) PLAN 2024 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2024-05-14 | 12683162 |
| Total expenses incurred by plan in this plan year | 2024-05-14 | 3262520 |
| Net assets as of the end of the plan year | 2024-05-14 | 15446392 |
| Total assets as of the beginning of the plan year | 2024-05-14 | 128750 |
| Value of plan covered by a fidelity bond | 2024-05-14 | 500000 |
| Participant contributions to plan in this plan year | 2024-05-14 | 2053336 |
| Value of participant loans at end of plan year | 2024-05-14 | 458575 |
| Other contributions to plan in this plan year | 2024-05-14 | 2477509 |
| Other income to plan in this plan year | 2024-05-14 | 1366155 |
| Plan net income in this plan year | 2024-05-14 | 2634480 |
| Net assets as of the end of the plan year | 2024-05-14 | 15446392 |
| Net assets as of the beginning of the plan year | 2024-05-14 | 128750 |
| Value of contributions failed to transmitted timely | 2024-05-14 | 1457 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-05-14 | 48572 |
| Total unrealized appreciation/depreciation of assets | 2024-01-01 | $0 |
| Total transfer of assets to this plan | 2024-01-01 | $415,879 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2024-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2024-01-01 | $0 |
| Total income from all sources (including contributions) | 2024-01-01 | $5,765,388 |
| Total loss/gain on sale of assets | 2024-01-01 | $0 |
| Total of all expenses incurred | 2024-01-01 | $2,488,027 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2024-01-01 | $2,189,494 |
| Value of total corrective distributions | 2024-01-01 | $155,227 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2024-01-01 | $3,927,221 |
| Value of total assets at end of year | 2024-01-01 | $19,139,632 |
| Value of total assets at beginning of year | 2024-01-01 | $15,446,392 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2024-01-01 | $143,306 |
| Total interest from all sources | 2024-01-01 | $48,069 |
| Total dividends received (eg from common stock, registered investment company shares) | 2024-01-01 | $24,888 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2024-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2024-01-01 | $24,888 |
| Was this plan covered by a fidelity bond | 2024-01-01 | Yes |
| Value of fidelity bond cover | 2024-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2024-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2024-01-01 | No |
| Contributions received from participants | 2024-01-01 | $3,176,592 |
| Participant contributions at end of year | 2024-01-01 | $873,265 |
| Participant contributions at beginning of year | 2024-01-01 | $420,144 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2024-01-01 | $692,843 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2024-01-01 | $2,580 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2024-01-01 | No |
| Value of net income/loss | 2024-01-01 | $3,277,361 |
| Value of net assets at end of year (total assets less liabilities) | 2024-01-01 | $19,139,632 |
| Value of net assets at beginning of year (total assets less liabilities) | 2024-01-01 | $15,446,392 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2024-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2024-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2024-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2024-01-01 | $984,277 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2024-01-01 | $26,656 |
| Interest on participant loans | 2024-01-01 | $48,069 |
| Value of interest in common/collective trusts at end of year | 2024-01-01 | $17,282,090 |
| Value of interest in common/collective trusts at beginning of year | 2024-01-01 | $14,999,592 |
| Net investment gain or loss from common/collective trusts | 2024-01-01 | $1,765,210 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2024-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2024-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2024-01-01 | No |
| Contributions received in cash from employer | 2024-01-01 | $57,786 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2024-01-01 | $2,186,914 |
| Contract administrator fees | 2024-01-01 | $143,306 |
| Did the plan have assets held for investment | 2024-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2024-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2024-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2024-01-01 | 3 |
| Accountancy firm name | 2024-01-01 | WEINBERG & COMPANY, P.A. |
| Accountancy firm EIN | 2024-01-01 | 650386288 |
