401k Plan data: ZIPLY FIBER PENSION PLAN plan

ZIPLY FIBER PENSION PLAN 401k Plan overview

Plan Name	ZIPLY FIBER PENSION PLAN
Plan identification number	001

ZIPLY FIBER PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ZIPLY FIBER has sponsored the creation of one or more 401k plans.

Company Name: ZIPLY FIBER

Employer identification number (EIN): 845103010

NAIC Classification: 517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ZIPLY FIBER PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-05-01
001 2020-05-01

Plan Statistics for ZIPLY FIBER PENSION PLAN

401k plan membership statisitcs for ZIPLY FIBER PENSION PLAN

Measure Date Value
2022: ZIPLY FIBER PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 150,102,954
Acturial value of plan assets 2022-12-31 150,102,954
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 3,061,778
Number of terminated vested participants 2022-12-31 38
Fundng target for terminated vested participants 2022-12-31 2,430,753
Active participant vested funding target 2022-12-31 113,414,288
Number of active participants 2022-12-31 647
Total funding liabilities for active participants 2022-12-31 134,831,265
Total participant count 2022-12-31 691
Total funding target for all participants 2022-12-31 140,323,796
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 3,242,256
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 3,242,256
Present value of excess contributions 2022-12-31 6,343,101
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 6,688,800
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 6,688,800
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 10,277,005
Total employer contributions 2022-12-31 5,000,000
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 4,680,723
Liquidity shortfalls end of Q1 2022-12-31 0
Liquidity shortfalls end of Q2 2022-12-31 0
Liquidity shortfalls end of Q3 2022-12-31 0
Liquidity shortfalls end of Q4 2022-12-31 0
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 6,272,885
Net shortfall amortization installment of oustanding balance 2022-12-31 497,847
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 6,361,630
Prefunding balance elected to use to offset funding requirement 2022-12-31 6,662,790
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 4,680,723
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total participants, beginning-of-year 2022-01-01 691
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 589
Number of retired or separated participants receiving benefits 2022-01-01 8
Number of other retired or separated participants entitled to future benefits 2022-01-01 66
Total of all active and inactive participants 2022-01-01 663
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 3
Total participants 2022-01-01 666
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: ZIPLY FIBER PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 135,211,832
Acturial value of plan assets 2021-12-31 135,211,832
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 1,869,871
Number of terminated vested participants 2021-12-31 11
Fundng target for terminated vested participants 2021-12-31 1,353,507
Active participant vested funding target 2021-12-31 114,705,861
Number of active participants 2021-12-31 710
Total funding liabilities for active participants 2021-12-31 138,804,935
Total participant count 2021-12-31 724
Total funding target for all participants 2021-12-31 142,028,313
Funding target disregarding prescribed at-risk assumptions 2021-12-31 136,945,266
Funding target reflecting at-risk assumptions but disregarding transition rule for plant that have been at-risk status for fewer than five consecutive years and disregarding loading factor 2021-12-31 162,360,502
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 2,927,545
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 2,927,545
Present value of excess contributions 2021-12-31 52,431,942
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 54,230,746
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 3,242,256
Total employer contributions 2021-12-31 15,000,000
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 14,374,534
Liquidity shortfalls end of Q1 2021-12-31 0
Liquidity shortfalls end of Q2 2021-12-31 0
Liquidity shortfalls end of Q3 2021-12-31 0
Liquidity shortfalls end of Q4 2021-12-31 0
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 7,093,540
Net shortfall amortization installment of oustanding balance 2021-12-31 10,058,737
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 8,031,433
Additional cash requirement 2021-12-31 8,031,433
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 14,374,534
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
Total participants, beginning-of-year 2021-01-01 724
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 647
Number of retired or separated participants receiving benefits 2021-01-01 6
Number of other retired or separated participants entitled to future benefits 2021-01-01 34
Total of all active and inactive participants 2021-01-01 687
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 4
Total participants 2021-01-01 691
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: ZIPLY FIBER PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 68,145,839
Acturial value of plan assets 2020-12-31 68,145,839
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 1,184,664
Number of terminated vested participants 2020-12-31 0
Fundng target for terminated vested participants 2020-12-31 0
Active participant vested funding target 2020-12-31 107,251,223
Number of active participants 2020-12-31 735
Total funding liabilities for active participants 2020-12-31 127,965,996
Total participant count 2020-12-31 737
Total funding target for all participants 2020-12-31 129,150,660
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 2,927,545
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 2,927,545
Present value of excess contributions 2020-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 2,927,545
Total employer contributions 2020-12-31 62,000,000
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 61,351,995
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 4,302,824
Net shortfall amortization installment of oustanding balance 2020-12-31 63,932,366
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 8,920,053
Additional cash requirement 2020-12-31 8,920,053
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 61,351,995
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
Total participants, beginning-of-year 2020-05-01 737
Total number of active participants reported on line 7a of the Form 5500 2020-05-01 710
Number of retired or separated participants receiving benefits 2020-05-01 3
Number of other retired or separated participants entitled to future benefits 2020-05-01 11
Total of all active and inactive participants 2020-05-01 724
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-05-01 0
Total participants 2020-05-01 724
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-05-01 0

Measure	Date	Value
2022: ZIPLY FIBER PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	150,102,954
Acturial value of plan assets	2022-12-31	150,102,954
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	3,061,778
Number of terminated vested participants	2022-12-31	38
Fundng target for terminated vested participants	2022-12-31	2,430,753
Active participant vested funding target	2022-12-31	113,414,288
Number of active participants	2022-12-31	647
Total funding liabilities for active participants	2022-12-31	134,831,265
Total participant count	2022-12-31	691
Total funding target for all participants	2022-12-31	140,323,796
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	3,242,256
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	3,242,256
Present value of excess contributions	2022-12-31	6,343,101
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	6,688,800
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	6,688,800
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	10,277,005
Total employer contributions	2022-12-31	5,000,000
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	4,680,723
Liquidity shortfalls end of Q1	2022-12-31	0
Liquidity shortfalls end of Q2	2022-12-31	0
Liquidity shortfalls end of Q3	2022-12-31	0
Liquidity shortfalls end of Q4	2022-12-31	0
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	6,272,885
Net shortfall amortization installment of oustanding balance	2022-12-31	497,847
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	6,361,630
Prefunding balance elected to use to offset funding requirement	2022-12-31	6,662,790
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	4,680,723
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total participants, beginning-of-year	2022-01-01	691
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	589
Number of retired or separated participants receiving benefits	2022-01-01	8
Number of other retired or separated participants entitled to future benefits	2022-01-01	66
Total of all active and inactive participants	2022-01-01	663
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	3
Total participants	2022-01-01	666
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: ZIPLY FIBER PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	135,211,832
Acturial value of plan assets	2021-12-31	135,211,832
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	1,869,871
Number of terminated vested participants	2021-12-31	11
Fundng target for terminated vested participants	2021-12-31	1,353,507
Active participant vested funding target	2021-12-31	114,705,861
Number of active participants	2021-12-31	710
Total funding liabilities for active participants	2021-12-31	138,804,935
Total participant count	2021-12-31	724
Total funding target for all participants	2021-12-31	142,028,313
Funding target disregarding prescribed at-risk assumptions	2021-12-31	136,945,266
Funding target reflecting at-risk assumptions but disregarding transition rule for plant that have been at-risk status for fewer than five consecutive years and disregarding loading factor	2021-12-31	162,360,502
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	2,927,545
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	2,927,545
Present value of excess contributions	2021-12-31	52,431,942
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	54,230,746
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	3,242,256
Total employer contributions	2021-12-31	15,000,000
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	14,374,534
Liquidity shortfalls end of Q1	2021-12-31	0
Liquidity shortfalls end of Q2	2021-12-31	0
Liquidity shortfalls end of Q3	2021-12-31	0
Liquidity shortfalls end of Q4	2021-12-31	0
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	7,093,540
Net shortfall amortization installment of oustanding balance	2021-12-31	10,058,737
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	8,031,433
Additional cash requirement	2021-12-31	8,031,433
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	14,374,534
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
Total participants, beginning-of-year	2021-01-01	724
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	647
Number of retired or separated participants receiving benefits	2021-01-01	6
Number of other retired or separated participants entitled to future benefits	2021-01-01	34
Total of all active and inactive participants	2021-01-01	687
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	4
Total participants	2021-01-01	691
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: ZIPLY FIBER PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	68,145,839
Acturial value of plan assets	2020-12-31	68,145,839
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	1,184,664
Number of terminated vested participants	2020-12-31	0
Fundng target for terminated vested participants	2020-12-31	0
Active participant vested funding target	2020-12-31	107,251,223
Number of active participants	2020-12-31	735
Total funding liabilities for active participants	2020-12-31	127,965,996
Total participant count	2020-12-31	737
Total funding target for all participants	2020-12-31	129,150,660
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	2,927,545
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	2,927,545
Present value of excess contributions	2020-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	2,927,545
Total employer contributions	2020-12-31	62,000,000
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	61,351,995
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	4,302,824
Net shortfall amortization installment of oustanding balance	2020-12-31	63,932,366
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	8,920,053
Additional cash requirement	2020-12-31	8,920,053
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	61,351,995
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
Total participants, beginning-of-year	2020-05-01	737
Total number of active participants reported on line 7a of the Form 5500	2020-05-01	710
Number of retired or separated participants receiving benefits	2020-05-01	3
Number of other retired or separated participants entitled to future benefits	2020-05-01	11
Total of all active and inactive participants	2020-05-01	724
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-05-01	0
Total participants	2020-05-01	724
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-05-01	0

Financial Data on ZIPLY FIBER PENSION PLAN

Measure	Date	Value
2022 : ZIPLY FIBER PENSION PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2022-12-31	$-28,669,945
Total unrealized appreciation/depreciation of assets	2022-12-31	$-28,669,945
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-20,373,795
Total loss/gain on sale of assets	2022-12-31	$-761,652
Total of all expenses incurred	2022-12-31	$10,734,595
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$10,386,216
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$5,000,000
Value of total assets at end of year	2022-12-31	$119,182,380
Value of total assets at beginning of year	2022-12-31	$150,290,770
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$348,379
Total interest from all sources	2022-12-31	$10,144
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$4,047,658
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	$4,047,658
Administrative expenses professional fees incurred	2022-12-31	$348,379
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
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	$-31,108,390
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$119,182,380
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$150,290,770
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	$105,592,042
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$139,555,028
Interest earned on other investments	2022-12-31	$10,144
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$8,590,338
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$3,235,742
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$3,235,742
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	Yes
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	$5,000,000
Employer contributions (assets) at end of year	2022-12-31	$5,000,000
Employer contributions (assets) at beginning of year	2022-12-31	$7,500,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$10,386,216
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
Aggregate proceeds on sale of assets	2022-12-31	$27,875,416
Aggregate carrying amount (costs) on sale of assets	2022-12-31	$28,637,068
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	MOSS ADAMS
Accountancy firm EIN	2022-12-31	910189318
2021 : ZIPLY FIBER PENSION PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2021-12-31	$7,258,863
Total unrealized appreciation/depreciation of assets	2021-12-31	$7,258,863
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$29,356,478
Total loss/gain on sale of assets	2021-12-31	$2,030,141
Total of all expenses incurred	2021-12-31	$14,277,540
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$13,813,872
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$15,000,000
Value of total assets at end of year	2021-12-31	$150,290,770
Value of total assets at beginning of year	2021-12-31	$135,211,832
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$463,668
Total interest from all sources	2021-12-31	$2,504
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$5,064,970
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	$5,064,970
Administrative expenses professional fees incurred	2021-12-31	$463,668
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
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
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	$15,078,938
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$150,290,770
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$135,211,832
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	$139,555,028
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$119,858,474
Interest earned on other investments	2021-12-31	$2,504
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$3,235,742
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$15,353,358
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$15,353,358
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	Yes
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	$15,000,000
Employer contributions (assets) at end of year	2021-12-31	$7,500,000
Employer contributions (assets) at beginning of year	2021-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$13,813,872
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
Aggregate proceeds on sale of assets	2021-12-31	$86,800,327
Aggregate carrying amount (costs) on sale of assets	2021-12-31	$84,770,186
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	MOSS ADAMS
Accountancy firm EIN	2021-12-31	910189318
2020 : ZIPLY FIBER PENSION PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$3,653,495
Total unrealized appreciation/depreciation of assets	2020-12-31	$3,653,495
Total transfer of assets to this plan	2020-12-31	$69,906,186
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	$71,764,381
Total loss/gain on sale of assets	2020-12-31	$4,421,667
Total of all expenses incurred	2020-12-31	$6,458,735
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$6,331,406
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$62,000,000
Value of total assets at end of year	2020-12-31	$135,211,832
Value of total assets at beginning of year	2020-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$127,329
Total interest from all sources	2020-12-31	$3,999
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$1,685,220
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	$1,685,220
Administrative expenses professional fees incurred	2020-12-31	$115,240
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
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
Total non interest bearing cash at end of year	2020-12-31	$15,353,358
Total non interest bearing cash at beginning of year	2020-12-31	$0
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	$65,305,646
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$135,211,832
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$0
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
Investment advisory and management fees	2020-12-31	$12,089
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$119,858,474
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$0
Interest earned on other investments	2020-12-31	$3,999
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$15,353,358
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	Yes
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	$62,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$6,331,406
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
Aggregate proceeds on sale of assets	2020-12-31	$165,869,273
Aggregate carrying amount (costs) on sale of assets	2020-12-31	$161,447,606
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	MOSS ADAMS
Accountancy firm EIN	2020-12-31	910189318

Form 5500 Responses for ZIPLY FIBER PENSION PLAN

2022: ZIPLY FIBER PENSION PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: ZIPLY FIBER PENSION PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: ZIPLY FIBER PENSION PLAN 2020 form 5500 responses
2020-05-01	Type of plan entity	Single employer plan
2020-05-01	First time form 5500 has been submitted	Yes
2020-05-01	Submission has been amended	No
2020-05-01	This submission is the final filing	No
2020-05-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2020-05-01	Plan is a collectively bargained plan	No
2020-05-01	Plan funding arrangement – Trust	Yes
2020-05-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

ZIPLY FIBER 401(K) PLAN [EIN = 845117312]

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Company Name:	ZIPLY FIBER
Employer identification number (EIN):	845103010
NAIC Classification:	517000