NEXT PHASE ENTERPRISES, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan NEXT PHASE ENTERPRISES, LLC 401(K) PLAN
Measure | Date | Value |
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2022 : NEXT PHASE ENTERPRISES, LLC 401(K) PLAN 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-12-31 | $444,760 |
Total of all expenses incurred | 2022-12-31 | $410,828 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $353,502 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $2,846,669 |
Value of total assets at end of year | 2022-12-31 | $18,397,077 |
Value of total assets at beginning of year | 2022-12-31 | $18,363,145 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $57,326 |
Total interest from all sources | 2022-12-31 | $4,423 |
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 | $1,000,000 |
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 | $853,283 |
Participant contributions at end of year | 2022-12-31 | $116,691 |
Participant contributions at beginning of year | 2022-12-31 | $68,834 |
Participant contributions at beginning of year | 2022-12-31 | $28,340 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $329,463 |
Other income not declared elsewhere | 2022-12-31 | $1,744 |
Total non interest bearing cash at end of year | 2022-12-31 | $18,450 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $25,731 |
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 | $33,932 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $18,397,077 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $18,363,145 |
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 | $56,526 |
Value of interest in pooled separate accounts at end of year | 2022-12-31 | $16,598,013 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $16,794,531 |
Interest on participant loans | 2022-12-31 | $4,423 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-2,408,076 |
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 | $1,663,923 |
Employer contributions (assets) at end of year | 2022-12-31 | $1,663,923 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $1,445,709 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $353,502 |
Contract administrator fees | 2022-12-31 | $800 |
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 | EIDE BAILLY LLP |
Accountancy firm EIN | 2022-12-31 | 450250958 |
2021 : NEXT PHASE ENTERPRISES, LLC 401(K) PLAN 2021 401k financial data |
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Total income from all sources (including contributions) | 2021-12-31 | $4,792,960 |
Total of all expenses incurred | 2021-12-31 | $533,864 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $459,031 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $2,489,242 |
Value of total assets at end of year | 2021-12-31 | $18,363,145 |
Value of total assets at beginning of year | 2021-12-31 | $14,104,049 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $74,833 |
Total interest from all sources | 2021-12-31 | $2,622 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $1,000,000 |
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 | $789,531 |
Participant contributions at end of year | 2021-12-31 | $68,834 |
Participant contributions at beginning of year | 2021-12-31 | $22,218 |
Participant contributions at end of year | 2021-12-31 | $28,340 |
Participant contributions at beginning of year | 2021-12-31 | $20,714 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $254,002 |
Other income not declared elsewhere | 2021-12-31 | $578 |
Total non interest bearing cash at end of year | 2021-12-31 | $25,731 |
Total non interest bearing cash at beginning of year | 2021-12-31 | $150,270 |
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 | $4,259,096 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $18,363,145 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $14,104,049 |
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 |
Investment advisory and management fees | 2021-12-31 | $73,933 |
Value of interest in pooled separate accounts at end of year | 2021-12-31 | $16,794,531 |
Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $12,755,484 |
Interest on participant loans | 2021-12-31 | $2,622 |
Net investment gain/loss from pooled separate accounts | 2021-12-31 | $2,300,518 |
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 | $1,445,709 |
Employer contributions (assets) at end of year | 2021-12-31 | $1,445,709 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $1,155,363 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $459,031 |
Contract administrator fees | 2021-12-31 | $900 |
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 | EIDE BAILLY LLP |
Accountancy firm EIN | 2021-12-31 | 450250958 |