THE FINIT GROUP LLC has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
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2022 : FINIT SOLUTIONS 401(K) 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $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 |
Total income from all sources (including contributions) | 2022-12-31 | $-867,718 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $926,489 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $924,524 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $3,519,375 |
Value of total assets at end of year | 2022-12-31 | $22,346,314 |
Value of total assets at beginning of year | 2022-12-31 | $24,140,521 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $1,965 |
Total interest from all sources | 2022-12-31 | $19,829 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $393,223 |
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 | $393,223 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
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 | $2,489,234 |
Participant contributions at end of year | 2022-12-31 | $243,122 |
Participant contributions at beginning of year | 2022-12-31 | $206,805 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $221,904 |
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 | $-1,794,207 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $22,346,314 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $24,140,521 |
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 | $21,392,664 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $23,316,623 |
Interest on participant loans | 2022-12-31 | $8,554 |
Income. Interest from loans (other than to participants) | 2022-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $710,528 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $617,093 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $617,093 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $11,275 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-4,800,145 |
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 | $808,237 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $924,524 |
Contract administrator fees | 2022-12-31 | $1,965 |
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 | Disclaimer |
Accountancy firm name | 2022-12-31 | GBQ PARTNERS, LLC |
Accountancy firm EIN | 2022-12-31 | 202122306 |
2021 : FINIT SOLUTIONS 401(K) 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
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 | $7,563,141 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $380,962 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $380,076 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $4,510,118 |
Value of total assets at end of year | 2021-12-31 | $24,140,521 |
Value of total assets at beginning of year | 2021-12-31 | $16,958,342 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $886 |
Total interest from all sources | 2021-12-31 | $8,232 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $339,461 |
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 | $339,461 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $500,000 |
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 | $2,119,844 |
Participant contributions at end of year | 2021-12-31 | $206,805 |
Participant contributions at beginning of year | 2021-12-31 | $201,755 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $1,675,695 |
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 | $7,182,179 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $24,140,521 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $16,958,342 |
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 | $23,316,623 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $15,983,817 |
Interest on participant loans | 2021-12-31 | $8,118 |
Income. Interest from loans (other than to participants) | 2021-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $617,093 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $772,770 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $772,770 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $114 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $2,705,330 |
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 | $714,579 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $380,076 |
Contract administrator fees | 2021-12-31 | $886 |
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 | GBQ PARTNERS, LLC |
Accountancy firm EIN | 2021-12-31 | 202122306 |