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EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC.
Plan identification number 002

EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing

401k Sponsoring company profile

SATELLITE AFFORDABLE HOUSING ASSOCIATES PROPERTY MANAGEMENT has sponsored the creation of one or more 401k plans.

Company Name:SATELLITE AFFORDABLE HOUSING ASSOCIATES PROPERTY MANAGEMENT
Employer identification number (EIN):943031375
NAIC Classification:531310

Additional information about SATELLITE AFFORDABLE HOUSING ASSOCIATES PROPERTY MANAGEMENT

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: C1192032

More information about SATELLITE AFFORDABLE HOUSING ASSOCIATES PROPERTY MANAGEMENT

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022013-01-01MIRIAM BENAVIDES MIRIAM BENAVIDES2014-10-15
0022012-01-01MIRIAM BENAVIDES2013-07-31 MIRIAM BENAVIDES2013-07-31
0022011-01-01MIRIAM BENAVIDES MIRIAM BENAVIDES2012-10-15

Plan Statistics for EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC.

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC.

Measure Date Value
2013: EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC. 2013 401k membership
Total participants, beginning-of-year2013-01-0183
Total number of active participants reported on line 7a of the Form 55002013-01-01130
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0115
Total of all active and inactive participants2013-01-01145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-01146
Number of participants with account balances2013-01-01146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-016
2011: EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC. 2011 401k membership
Total participants, beginning-of-year2011-01-0187
Total number of active participants reported on line 7a of the Form 55002011-01-0183
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0112
Total of all active and inactive participants2011-01-0195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0195
Number of participants with account balances2011-01-0195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-015

Financial Data on EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC.

Measure Date Value
2013 : EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC. 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$989,397
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$370,481
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$345,990
Expenses. Certain deemed distributions of participant loans2013-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$790,226
Value of total assets at end of year2013-12-31$1,929,733
Value of total assets at beginning of year2013-12-31$1,310,817
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$24,491
Total interest from all sources2013-12-31$5,180
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$274,851
Participant contributions at end of year2013-12-31$48,849
Participant contributions at beginning of year2013-12-31$29,709
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$367,651
Other income not declared elsewhere2013-12-31$17,512
Administrative expenses (other) incurred2013-12-31$24,491
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$618,916
Value of net assets at end of year (total assets less liabilities)2013-12-31$1,929,733
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$1,310,817
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$1,557,783
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$986,722
Interest on participant loans2013-12-31$1,677
Interest earned on other investments2013-12-31$3,503
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$323,101
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$294,386
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$0
Net investment gain/loss from pooled separate accounts2013-12-31$176,479
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$147,724
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$345,990
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31ROBERT LEE AND ASSOCIATES, LLP
Accountancy firm EIN2013-12-31271155496
2011 : EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC. 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$268,993
Expenses. Total of all expenses incurred2011-12-31$122,556
Benefits paid (including direct rollovers)2011-12-31$84,999
Total plan assets at end of year2011-12-31$1,248,225
Total plan assets at beginning of year2011-12-31$1,101,788
Value of fidelity bond covering the plan2011-12-31$250,000
Total contributions received or receivable from participants2011-12-31$152,287
Expenses. Other expenses not covered elsewhere2011-12-31$37,557
Contributions received from other sources (not participants or employers)2011-12-31$21,751
Other income received2011-12-31$15,655
Net income (gross income less expenses)2011-12-31$146,437
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,248,225
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,101,788
Assets. Value of participant loans2011-12-31$30,633
Total contributions received or receivable from employer(s)2011-12-31$79,300
Value of certain deemed distributions of participant loans2011-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC. 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total income from all sources2010-12-31$244,968
Expenses. Total of all expenses incurred2010-12-31$164,500
Benefits paid (including direct rollovers)2010-12-31$92,196
Total plan assets at end of year2010-12-31$1,050,063
Total plan assets at beginning of year2010-12-31$969,595
Value of fidelity bond covering the plan2010-12-31$250,000
Total contributions received or receivable from participants2010-12-31$123,064
Expenses. Other expenses not covered elsewhere2010-12-31$72,243
Contributions received from other sources (not participants or employers)2010-12-31$14,321
Other income received2010-12-31$54,303
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$80,468
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,050,063
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$969,595
Assets. Value of participant loans2010-12-31$51,725
Total contributions received or receivable from employer(s)2010-12-31$53,280
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$61
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC.

2013: EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC. 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2011: EMPLOYEE BENEFIT PLAN OF SATELLITE HOUSING, INC. 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number058337F
Policy instance 1
Insurance contract or identification number058337F
Number of Individuals Covered146
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,038
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees1038
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM
Insurance broker organization code?3
Insurance broker nameSAN FRANCISCO REGIONAL OFFICE
MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number058337F
Policy instance 1
Insurance contract or identification number058337F
Number of Individuals Covered95
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,732
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number058337F
Policy instance 1
Insurance contract or identification number058337F
Number of Individuals Covered87
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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