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MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameMORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN
Plan identification number 002

MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

MORRIS & GARRITANO INSURANCE AGENCY, INC. has sponsored the creation of one or more 401k plans.

Company Name:MORRIS & GARRITANO INSURANCE AGENCY, INC.
Employer identification number (EIN):952304670
NAIC Classification:524140

Additional information about MORRIS & GARRITANO INSURANCE AGENCY, INC.

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 1989-09-15
Company Identification Number: 19891030966
Legal Registered Office Address: 701 S CARSON ST STE 200

CARSON CITY
United States of America (USA)
89701

More information about MORRIS & GARRITANO INSURANCE AGENCY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01ANGELA TOOMEY2023-07-31 ANGELA TOOMEY2023-07-31
0022021-01-01BRENDAN MORRIS2022-08-22 BRENDAN MORRIS2022-08-22
0022020-01-01
0022019-01-01
0022018-01-01GABE GARCIA
0022017-01-01GABE GARCIA
0022016-01-01GABE GARCIA2017-09-26
0022015-01-01GABE GARCIA2016-08-29
0022014-01-01GABE GARCIA2015-06-30
0022013-01-01GABE GARCIA
0022012-01-01GABE GARCIA2013-06-03
0022011-01-01GABE GARCIA2012-07-17
0022010-01-01GABE GARCIA2011-09-26

Plan Statistics for MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2022: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01146
Total number of active participants reported on line 7a of the Form 55002022-01-01131
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0116
Total of all active and inactive participants2022-01-01147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01147
Number of participants with account balances2022-01-01113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-014
2021: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01135
Total number of active participants reported on line 7a of the Form 55002021-01-01126
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0117
Total of all active and inactive participants2021-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01143
Number of participants with account balances2021-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-013
2020: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01125
Total number of active participants reported on line 7a of the Form 55002020-01-01123
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0110
Total of all active and inactive participants2020-01-01133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01133
Number of participants with account balances2020-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
2019: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01126
Total number of active participants reported on line 7a of the Form 55002019-01-01113
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0110
Total of all active and inactive participants2019-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01123
Number of participants with account balances2019-01-01101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012
2018: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01125
Total number of active participants reported on line 7a of the Form 55002018-01-01108
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0116
Total of all active and inactive participants2018-01-01124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01124
Number of participants with account balances2018-01-0199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-017
2017: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01127
Total number of active participants reported on line 7a of the Form 55002017-01-01113
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-016
Total of all active and inactive participants2017-01-01119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01119
Number of participants with account balances2017-01-0194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-013
2013: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0177
Total number of active participants reported on line 7a of the Form 55002013-01-0160
Number of other retired or separated participants entitled to future benefits2013-01-0110
Total of all active and inactive participants2013-01-0170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0170
Number of participants with account balances2013-01-0169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-015

Financial Data on MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2022 : MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$0
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
Expenses. Interest paid2022-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$0
Total income from all sources (including contributions)2022-12-31$-1,336,038
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,158,381
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,088,124
Expenses. Certain deemed distributions of participant loans2022-12-31$40,903
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,370,604
Value of total assets at end of year2022-12-31$11,910,784
Value of total assets at beginning of year2022-12-31$14,405,203
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$29,354
Total interest from all sources2022-12-31$18,645
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$202,902
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$202,902
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$755,591
Participant contributions at end of year2022-12-31$427,241
Participant contributions at beginning of year2022-12-31$392,527
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$359,934
Administrative expenses (other) incurred2022-12-31$10,750
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,494,419
Value of net assets at end of year (total assets less liabilities)2022-12-31$11,910,784
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$14,405,203
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$10,461,815
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$13,235,896
Value of interest in pooled separate accounts at beginning of year2022-12-31$0
Interest on participant loans2022-12-31$18,645
Value of interest in common/collective trusts at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$766,815
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$570,420
Net investment gain/loss from pooled separate accounts2022-12-31$-2,928,189
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$255,079
Employer contributions (assets) at end of year2022-12-31$254,913
Employer contributions (assets) at beginning of year2022-12-31$206,360
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,088,124
Contract administrator fees2022-12-31$18,604
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CALIBER AUDIT & ATTEST, LLP
Accountancy firm EIN2022-12-31262350873
2021 : MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$2,458
Total unrealized appreciation/depreciation of assets2021-12-31$2,458
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
Expenses. Interest paid2021-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022021-12-31$0
Total income from all sources (including contributions)2021-12-31$2,533,418
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,797,782
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,779,209
Expenses. Certain deemed distributions of participant loans2021-12-31$6,717
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$948,621
Value of total assets at end of year2021-12-31$14,405,203
Value of total assets at beginning of year2021-12-31$13,669,567
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$11,856
Total income from rents2021-12-31$0
Total interest from all sources2021-12-31$19,662
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$415,357
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$415,357
Administrative expenses professional fees incurred2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$626,140
Participant contributions at end of year2021-12-31$392,527
Participant contributions at beginning of year2021-12-31$369,823
Assets. Other investments not covered elsewhere at end of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$116,121
Other income not declared elsewhere2021-12-31$0
Administrative expenses (other) incurred2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$735,636
Value of net assets at end of year (total assets less liabilities)2021-12-31$14,405,203
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$13,669,567
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$13,235,896
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$13,182,639
Value of interest in pooled separate accounts at end of year2021-12-31$0
Interest on participant loans2021-12-31$19,662
Value of interest in common/collective trusts at end of year2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$570,420
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,147,320
Net investment gain/loss from pooled separate accounts2021-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$206,360
Employer contributions (assets) at end of year2021-12-31$206,360
Employer contributions (assets) at beginning of year2021-12-31$117,105
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,779,209
Contract administrator fees2021-12-31$11,856
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CALIBER AUDIT & ATTEST, LLP
Accountancy firm EIN2021-12-31262350873
2020 : MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$950,311
Total unrealized appreciation/depreciation of assets2020-12-31$950,311
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$2,476,779
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$265,217
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$262,517
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,025,673
Value of total assets at end of year2020-12-31$13,669,567
Value of total assets at beginning of year2020-12-31$11,458,005
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$2,700
Total interest from all sources2020-12-31$21,424
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$479,371
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$479,371
Administrative expenses professional fees incurred2020-12-31$2,700
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$544,685
Participant contributions at end of year2020-12-31$369,823
Participant contributions at beginning of year2020-12-31$370,798
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$320,553
Administrative expenses (other) incurred2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$2,211,562
Value of net assets at end of year (total assets less liabilities)2020-12-31$13,669,567
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$11,458,005
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$13,182,639
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$10,956,302
Interest on participant loans2020-12-31$21,424
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$160,435
Employer contributions (assets) at end of year2020-12-31$117,105
Employer contributions (assets) at beginning of year2020-12-31$130,905
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$262,517
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31CALIBER AUDIT & ATTEST, LLP
Accountancy firm EIN2020-12-31262350873
2019 : MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,484,486
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$345,297
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$341,749
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$590,825
Value of total assets at end of year2019-12-31$11,458,005
Value of total assets at beginning of year2019-12-31$9,318,816
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$3,548
Total interest from all sources2019-12-31$19,725
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$564,232
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$564,232
Administrative expenses professional fees incurred2019-12-31$3,548
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$459,920
Participant contributions at end of year2019-12-31$370,798
Participant contributions at beginning of year2019-12-31$387,041
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$0
Administrative expenses (other) incurred2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,139,189
Value of net assets at end of year (total assets less liabilities)2019-12-31$11,458,005
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$9,318,816
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$10,956,302
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$8,807,556
Income. Interest from loans (other than to participants)2019-12-31$19,725
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,309,704
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$130,905
Employer contributions (assets) at end of year2019-12-31$130,905
Employer contributions (assets) at beginning of year2019-12-31$124,219
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$341,749
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31CALIBER AUDIT & ATTEST, LLP
Accountancy firm EIN2019-12-31262350873
2018 : MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$191,755
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$1,287,679
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,285,376
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$606,240
Value of total assets at end of year2018-12-31$9,318,816
Value of total assets at beginning of year2018-12-31$10,414,740
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$2,303
Total interest from all sources2018-12-31$15,708
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$586,610
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$442,011
Participant contributions at end of year2018-12-31$387,041
Participant contributions at beginning of year2018-12-31$248,044
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$40,010
Administrative expenses (other) incurred2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-1,095,924
Value of net assets at end of year (total assets less liabilities)2018-12-31$9,318,816
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$10,414,740
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$8,807,556
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$10,039,389
Value of interest in pooled separate accounts at beginning of year2018-12-31$0
Income. Interest from loans (other than to participants)2018-12-31$15,708
Value of interest in common/collective trusts at beginning of year2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,016,803
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$124,219
Employer contributions (assets) at end of year2018-12-31$124,219
Employer contributions (assets) at beginning of year2018-12-31$127,307
Income. Dividends from common stock2018-12-31$586,610
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,285,376
Contract administrator fees2018-12-31$2,303
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31CALIBER AUDIT & ATTEST, LLP
Accountancy firm EIN2018-12-31262350873
2017 : MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$2,079,395
Total loss/gain on sale of assets2017-12-31$161,611
Total of all expenses incurred2017-12-31$3,335,299
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$3,331,569
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$569,346
Value of total assets at end of year2017-12-31$10,414,740
Value of total assets at beginning of year2017-12-31$11,670,644
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$3,730
Total interest from all sources2017-12-31$8,392
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$487,750
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$487,750
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2017-12-31$2,212,666
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$175,071
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$418,502
Participant contributions at end of year2017-12-31$248,044
Participant contributions at beginning of year2017-12-31$198,199
Participant contributions at beginning of year2017-12-31$21,171
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$28,033
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$23,537
Administrative expenses (other) incurred2017-12-31$1,520
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-1,255,904
Value of net assets at end of year (total assets less liabilities)2017-12-31$10,414,740
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$11,670,644
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$10,039,389
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$8,747,676
Value of interest in pooled separate accounts at end of year2017-12-31$0
Value of interest in pooled separate accounts at beginning of year2017-12-31$0
Interest on participant loans2017-12-31$8,392
Interest earned on other investments2017-12-31$0
Value of interest in common/collective trusts at end of year2017-12-31$0
Value of interest in common/collective trusts at beginning of year2017-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$320,605
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$320,605
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$852,296
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$127,307
Employer contributions (assets) at end of year2017-12-31$127,307
Employer contributions (assets) at beginning of year2017-12-31$142,294
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$3,331,569
Contract administrator fees2017-12-31$2,210
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$161,611
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31CALIBER AUDIT & ATTEST, LLP
Accountancy firm EIN2017-12-31262350873
2013 : MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$1,470,701
Expenses. Total of all expenses incurred2013-12-31$446,632
Benefits paid (including direct rollovers)2013-12-31$445,005
Total plan assets at end of year2013-12-31$9,213,503
Total plan assets at beginning of year2013-12-31$8,189,434
Value of fidelity bond covering the plan2013-12-31$2,350,000
Total contributions received or receivable from participants2013-12-31$263,266
Assets. Value of loans (other than to participants)2013-12-31$417,306
Expenses. Other expenses not covered elsewhere2013-12-31$1,627
Other income received2013-12-31$1,052,032
Net income (gross income less expenses)2013-12-31$1,024,069
Net plan assets at end of year (total assets less liabilities)2013-12-31$9,213,503
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$8,189,434
Assets. Value of participant loans2013-12-31$215,401
Assets. Value of assets in partnership/joint-venture interests2013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$155,403

Form 5500 Responses for MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN

2022: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2013: MORRIS & GARRITANO INSURANCE AGENCY, INC. 401K PROFIT SHARING PLAN 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 – TrustYes
2013-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number513842-000
Policy instance 1
Insurance contract or identification number513842-000
Insurance policy start date2022-05-26
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,930
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Amount paid for insurance broker fees1930
Additional information about fees paid to insurance brokerTPA SERVICES
Insurance broker organization code?5
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number513842-000
Policy instance 1
Insurance contract or identification number513842-000
Insurance policy start date2021-05-26
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $30,192
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Amount paid for insurance broker fees30192
Additional information about fees paid to insurance brokerTPA
Insurance broker organization code?5

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