LENCO INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan LENCO INDUSTRIES 401(K) RETIREMENT PLAN
Measure | Date | Value |
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2022 : LENCO INDUSTRIES 401(K) RETIREMENT PLAN 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-09-30 | $-1,322,155 |
Total of all expenses incurred | 2022-09-30 | $1,101,477 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-09-30 | $998,415 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-09-30 | $656,491 |
Value of total assets at end of year | 2022-09-30 | $9,067,253 |
Value of total assets at beginning of year | 2022-09-30 | $11,490,885 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-09-30 | $103,062 |
Total interest from all sources | 2022-09-30 | $4,151 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-09-30 | No |
Was this plan covered by a fidelity bond | 2022-09-30 | Yes |
Value of fidelity bond cover | 2022-09-30 | $900,000 |
If this is an individual account plan, was there a blackout period | 2022-09-30 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-09-30 | No |
Contributions received from participants | 2022-09-30 | $421,743 |
Participant contributions at end of year | 2022-09-30 | $156,132 |
Participant contributions at beginning of year | 2022-09-30 | $97,574 |
Participant contributions at end of year | 2022-09-30 | $8,331 |
Administrative expenses (other) incurred | 2022-09-30 | $103,062 |
Total non interest bearing cash at beginning of year | 2022-09-30 | $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 | 2022-09-30 | No |
Value of net income/loss | 2022-09-30 | $-2,423,632 |
Value of net assets at end of year (total assets less liabilities) | 2022-09-30 | $9,067,253 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-09-30 | $11,490,885 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-09-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-09-30 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-09-30 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-09-30 | $8,878,260 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-09-30 | $11,393,311 |
Income. Interest from loans (other than to participants) | 2022-09-30 | $4,151 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-09-30 | $-1,982,797 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-09-30 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-09-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-09-30 | No |
Contributions received in cash from employer | 2022-09-30 | $234,748 |
Employer contributions (assets) at end of year | 2022-09-30 | $24,530 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-09-30 | $998,415 |
Did the plan have assets held for investment | 2022-09-30 | 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 | 2022-09-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-09-30 | No |
Opinion of an independent qualified public accountant for this plan | 2022-09-30 | Unqualified |
Accountancy firm name | 2022-09-30 | CARON & BLETZER, PLLC |
Accountancy firm EIN | 2022-09-30 | 043499945 |
2021 : LENCO INDUSTRIES 401(K) RETIREMENT PLAN 2021 401k financial data |
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Total income from all sources (including contributions) | 2021-09-30 | $2,969,491 |
Total of all expenses incurred | 2021-09-30 | $446,899 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-09-30 | $346,843 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-09-30 | $581,588 |
Value of total assets at end of year | 2021-09-30 | $11,490,885 |
Value of total assets at beginning of year | 2021-09-30 | $8,968,293 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-09-30 | $100,056 |
Total interest from all sources | 2021-09-30 | $2,664 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-09-30 | No |
Was this plan covered by a fidelity bond | 2021-09-30 | Yes |
Value of fidelity bond cover | 2021-09-30 | $900,000 |
If this is an individual account plan, was there a blackout period | 2021-09-30 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-09-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-09-30 | No |
Contributions received from participants | 2021-09-30 | $390,817 |
Participant contributions at end of year | 2021-09-30 | $97,574 |
Participant contributions at beginning of year | 2021-09-30 | $92,689 |
Participant contributions at beginning of year | 2021-09-30 | $7,516 |
Administrative expenses (other) incurred | 2021-09-30 | $100,056 |
Total non interest bearing cash at end of year | 2021-09-30 | $0 |
Total non interest bearing cash at beginning of year | 2021-09-30 | $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 | 2021-09-30 | No |
Value of net income/loss | 2021-09-30 | $2,522,592 |
Value of net assets at end of year (total assets less liabilities) | 2021-09-30 | $11,490,885 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-09-30 | $8,968,293 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-09-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-09-30 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-09-30 | No |
Investment advisory and management fees | 2021-09-30 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-09-30 | $11,393,311 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-09-30 | $8,810,603 |
Interest on participant loans | 2021-09-30 | $2,664 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-09-30 | $2,385,239 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-09-30 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-09-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-09-30 | No |
Contributions received in cash from employer | 2021-09-30 | $190,771 |
Employer contributions (assets) at beginning of year | 2021-09-30 | $57,485 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-09-30 | $346,843 |
Did the plan have assets held for investment | 2021-09-30 | 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 | 2021-09-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-09-30 | No |
Opinion of an independent qualified public accountant for this plan | 2021-09-30 | Unqualified |
Accountancy firm name | 2021-09-30 | CARON & BLETZER, PLLC |
Accountancy firm EIN | 2021-09-30 | 043499945 |