NERAC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan NERAC EMPLOYEE STOCK OWNERSHIP PLAN
| Measure | Date | Value |
|---|
| 2024 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2024 401k financial data |
|---|
| Total plan liabilities at end of year | 2024-01-01 | $601,644 |
| Total plan liabilities at beginning of year | 2024-01-01 | $743,621 |
| Total income from all sources | 2024-01-01 | $-23,462 |
| Expenses. Total of all expenses incurred | 2024-01-01 | $24,851 |
| Benefits paid (including direct rollovers) | 2024-01-01 | $0 |
| Total plan assets at end of year | 2024-01-01 | $431,792 |
| Total plan assets at beginning of year | 2024-01-01 | $622,082 |
| Value of fidelity bond covering the plan | 2024-01-01 | $600,000 |
| Expenses. Other expenses not covered elsewhere | 2024-01-01 | $24,851 |
| Other income received | 2024-01-01 | $-190,290 |
| Net income (gross income less expenses) | 2024-01-01 | $-48,313 |
| Net plan assets at end of year (total assets less liabilities) | 2024-01-01 | $-169,852 |
| Net plan assets at beginning of year (total assets less liabilities) | 2024-01-01 | $-121,539 |
| Assets. Value of employer securities | 2024-01-01 | $325,000 |
| Total contributions received or receivable from employer(s) | 2024-01-01 | $166,828 |
| 2023 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data |
|---|
| Total plan liabilities at end of year | 2023-12-31 | $743,621 |
| Total plan liabilities at beginning of year | 2023-12-31 | $884,803 |
| Total income from all sources | 2023-12-31 | $147,316 |
| Expenses. Total of all expenses incurred | 2023-12-31 | $54,652 |
| Benefits paid (including direct rollovers) | 2023-12-31 | $24,894 |
| Total plan assets at end of year | 2023-12-31 | $622,082 |
| Total plan assets at beginning of year | 2023-12-31 | $670,600 |
| Value of fidelity bond covering the plan | 2023-12-31 | $600,000 |
| Expenses. Other expenses not covered elsewhere | 2023-12-31 | $29,758 |
| Other income received | 2023-12-31 | $-49,953 |
| Net income (gross income less expenses) | 2023-12-31 | $92,664 |
| Net plan assets at end of year (total assets less liabilities) | 2023-12-31 | $-121,539 |
| Net plan assets at beginning of year (total assets less liabilities) | 2023-12-31 | $-214,203 |
| Assets. Value of employer securities | 2023-12-31 | $525,000 |
| Total contributions received or receivable from employer(s) | 2023-12-31 | $197,269 |
| 2022 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data |
|---|
| Total plan liabilities at end of year | 2022-12-31 | $884,803 |
| Total plan liabilities at beginning of year | 2022-12-31 | $1,030,909 |
| Total income from all sources | 2022-12-31 | $469,575 |
| Expenses. Total of all expenses incurred | 2022-12-31 | $37,226 |
| Benefits paid (including direct rollovers) | 2022-12-31 | $2,734 |
| Total plan assets at end of year | 2022-12-31 | $670,600 |
| Total plan assets at beginning of year | 2022-12-31 | $384,357 |
| Value of fidelity bond covering the plan | 2022-12-31 | $600,000 |
| Expenses. Other expenses not covered elsewhere | 2022-12-31 | $34,492 |
| Other income received | 2022-12-31 | $300,065 |
| Net income (gross income less expenses) | 2022-12-31 | $432,349 |
| Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $-214,203 |
| Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $-646,552 |
| Assets. Value of employer securities | 2022-12-31 | $575,000 |
| Total contributions received or receivable from employer(s) | 2022-12-31 | $169,510 |
| 2021 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data |
|---|
| Total plan liabilities at end of year | 2021-12-31 | $1,030,909 |
| Total plan liabilities at beginning of year | 2021-12-31 | $1,180,022 |
| Total income from all sources | 2021-12-31 | $396,013 |
| Expenses. Total of all expenses incurred | 2021-12-31 | $58,336 |
| Benefits paid (including direct rollovers) | 2021-12-31 | $19,276 |
| Total plan assets at end of year | 2021-12-31 | $384,357 |
| Total plan assets at beginning of year | 2021-12-31 | $195,793 |
| Value of fidelity bond covering the plan | 2021-12-31 | $600,000 |
| Expenses. Other expenses not covered elsewhere | 2021-12-31 | $39,060 |
| Other income received | 2021-12-31 | $225,163 |
| Net income (gross income less expenses) | 2021-12-31 | $337,677 |
| Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $-646,552 |
| Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $-984,229 |
| Assets. Value of employer securities | 2021-12-31 | $275,000 |
| Total contributions received or receivable from employer(s) | 2021-12-31 | $170,850 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| 2020 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data |
|---|
| Total plan liabilities at end of year | 2020-12-31 | $1,180,022 |
| Total plan liabilities at beginning of year | 2020-12-31 | $1,290,157 |
| Total income from all sources | 2020-12-31 | $191,731 |
| Expenses. Total of all expenses incurred | 2020-12-31 | $83,976 |
| Benefits paid (including direct rollovers) | 2020-12-31 | $40,438 |
| Total plan assets at end of year | 2020-12-31 | $195,793 |
| Total plan assets at beginning of year | 2020-12-31 | $198,173 |
| Value of fidelity bond covering the plan | 2020-12-31 | $600,000 |
| Expenses. Other expenses not covered elsewhere | 2020-12-31 | $43,538 |
| Other income received | 2020-12-31 | $13,769 |
| Net income (gross income less expenses) | 2020-12-31 | $107,755 |
| Net plan assets at end of year (total assets less liabilities) | 2020-12-31 | $-984,229 |
| Net plan assets at beginning of year (total assets less liabilities) | 2020-12-31 | $-1,091,984 |
| Assets. Value of employer securities | 2020-12-31 | $50,000 |
| Total contributions received or receivable from employer(s) | 2020-12-31 | $177,962 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| 2019 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data |
|---|
| Total plan liabilities at end of year | 2019-12-31 | $1,290,157 |
| Total plan liabilities at beginning of year | 2019-12-31 | $1,419,348 |
| Total income from all sources | 2019-12-31 | $200,337 |
| Expenses. Total of all expenses incurred | 2019-12-31 | $68,836 |
| Benefits paid (including direct rollovers) | 2019-12-31 | $20,940 |
| Total plan assets at end of year | 2019-12-31 | $198,173 |
| Total plan assets at beginning of year | 2019-12-31 | $195,863 |
| Value of fidelity bond covering the plan | 2019-12-31 | $600,000 |
| Expenses. Other expenses not covered elsewhere | 2019-12-31 | $47,896 |
| Other income received | 2019-12-31 | $4,674 |
| Net income (gross income less expenses) | 2019-12-31 | $131,501 |
| Net plan assets at end of year (total assets less liabilities) | 2019-12-31 | $-1,091,984 |
| Net plan assets at beginning of year (total assets less liabilities) | 2019-12-31 | $-1,223,485 |
| Assets. Value of employer securities | 2019-12-31 | $50,000 |
| Total contributions received or receivable from employer(s) | 2019-12-31 | $195,663 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| 2018 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data |
|---|
| Total plan liabilities at end of year | 2018-12-31 | $1,419,348 |
| Total plan liabilities at beginning of year | 2018-12-31 | $1,549,068 |
| Total income from all sources | 2018-12-31 | $170,314 |
| Expenses. Total of all expenses incurred | 2018-12-31 | $73,774 |
| Benefits paid (including direct rollovers) | 2018-12-31 | $21,637 |
| Total plan assets at end of year | 2018-12-31 | $195,863 |
| Total plan assets at beginning of year | 2018-12-31 | $229,043 |
| Value of fidelity bond covering the plan | 2018-12-31 | $600,000 |
| Expenses. Other expenses not covered elsewhere | 2018-12-31 | $52,137 |
| Other income received | 2018-12-31 | $-24,902 |
| Net income (gross income less expenses) | 2018-12-31 | $96,540 |
| Net plan assets at end of year (total assets less liabilities) | 2018-12-31 | $-1,223,485 |
| Net plan assets at beginning of year (total assets less liabilities) | 2018-12-31 | $-1,320,025 |
| Assets. Value of employer securities | 2018-12-31 | $50,000 |
| Total contributions received or receivable from employer(s) | 2018-12-31 | $195,216 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
| 2017 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data |
|---|
| Total plan liabilities at end of year | 2017-12-31 | $1,549,068 |
| Total plan liabilities at beginning of year | 2017-12-31 | $1,679,318 |
| Total income from all sources | 2017-12-31 | $57,403 |
| Expenses. Total of all expenses incurred | 2017-12-31 | $84,891 |
| Benefits paid (including direct rollovers) | 2017-12-31 | $28,624 |
| Total plan assets at end of year | 2017-12-31 | $229,043 |
| Total plan assets at beginning of year | 2017-12-31 | $386,781 |
| Value of fidelity bond covering the plan | 2017-12-31 | $600,000 |
| Expenses. Other expenses not covered elsewhere | 2017-12-31 | $56,267 |
| Other income received | 2017-12-31 | $-149,933 |
| Net income (gross income less expenses) | 2017-12-31 | $-27,488 |
| Net plan assets at end of year (total assets less liabilities) | 2017-12-31 | $-1,320,025 |
| Net plan assets at beginning of year (total assets less liabilities) | 2017-12-31 | $-1,292,537 |
| Assets. Value of employer securities | 2017-12-31 | $75,000 |
| Total contributions received or receivable from employer(s) | 2017-12-31 | $207,336 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
| 2016 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data |
|---|
| Total plan liabilities at end of year | 2016-12-31 | $1,679,318 |
| Total plan liabilities at beginning of year | 2016-12-31 | $1,785,995 |
| Total income from all sources | 2016-12-31 | $218,944 |
| Expenses. Total of all expenses incurred | 2016-12-31 | $99,219 |
| Benefits paid (including direct rollovers) | 2016-12-31 | $38,929 |
| Total plan assets at end of year | 2016-12-31 | $386,781 |
| Total plan assets at beginning of year | 2016-12-31 | $373,733 |
| Value of fidelity bond covering the plan | 2016-12-31 | $600,000 |
| Expenses. Other expenses not covered elsewhere | 2016-12-31 | $60,290 |
| Other income received | 2016-12-31 | $2,463 |
| Net income (gross income less expenses) | 2016-12-31 | $119,725 |
| Net plan assets at end of year (total assets less liabilities) | 2016-12-31 | $-1,292,537 |
| Net plan assets at beginning of year (total assets less liabilities) | 2016-12-31 | $-1,412,262 |
| Assets. Value of employer securities | 2016-12-31 | $225,000 |
| Total contributions received or receivable from employer(s) | 2016-12-31 | $216,481 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
| 2015 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data |
|---|
| Total plan liabilities at end of year | 2015-12-31 | $1,785,995 |
| Total plan liabilities at beginning of year | 2015-12-31 | $2,142,454 |
| Total income from all sources | 2015-12-31 | $3,258 |
| Expenses. Total of all expenses incurred | 2015-12-31 | $94,312 |
| Benefits paid (including direct rollovers) | 2015-12-31 | $30,102 |
| Total plan assets at end of year | 2015-12-31 | $373,733 |
| Total plan assets at beginning of year | 2015-12-31 | $821,246 |
| Value of fidelity bond covering the plan | 2015-12-31 | $600,000 |
| Expenses. Other expenses not covered elsewhere | 2015-12-31 | $64,210 |
| Other income received | 2015-12-31 | $-372,449 |
| Net income (gross income less expenses) | 2015-12-31 | $-91,054 |
| Net plan assets at end of year (total assets less liabilities) | 2015-12-31 | $-1,412,262 |
| Net plan assets at beginning of year (total assets less liabilities) | 2015-12-31 | $-1,321,208 |
| Assets. Value of employer securities | 2015-12-31 | $225,000 |
| Total contributions received or receivable from employer(s) | 2015-12-31 | $375,707 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
| 2014 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data |
|---|
| Total plan liabilities at end of year | 2014-12-31 | $2,142,454 |
| Total plan liabilities at beginning of year | 2014-12-31 | $2,047,029 |
| Total income from all sources | 2014-12-31 | $-244,706 |
| Expenses. Total of all expenses incurred | 2014-12-31 | $228,118 |
| Benefits paid (including direct rollovers) | 2014-12-31 | $160,068 |
| Total plan assets at end of year | 2014-12-31 | $821,246 |
| Total plan assets at beginning of year | 2014-12-31 | $1,198,645 |
| Value of fidelity bond covering the plan | 2014-12-31 | $1,000,000 |
| Expenses. Other expenses not covered elsewhere | 2014-12-31 | $68,030 |
| Other income received | 2014-12-31 | $-424,939 |
| Net income (gross income less expenses) | 2014-12-31 | $-472,824 |
| Net plan assets at end of year (total assets less liabilities) | 2014-12-31 | $-1,321,208 |
| Net plan assets at beginning of year (total assets less liabilities) | 2014-12-31 | $-848,384 |
| Assets. Value of employer securities | 2014-12-31 | $600,000 |
| Total contributions received or receivable from employer(s) | 2014-12-31 | $180,233 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2014-12-31 | $20 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
| 2013 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data |
|---|
| Total plan liabilities at end of year | 2013-12-31 | $2,047,029 |
| Total plan liabilities at beginning of year | 2013-12-31 | $2,547,288 |
| Total income from all sources | 2013-12-31 | $-1,291,882 |
| Expenses. Total of all expenses incurred | 2013-12-31 | $140,241 |
| Benefits paid (including direct rollovers) | 2013-12-31 | $68,486 |
| Total plan assets at end of year | 2013-12-31 | $1,198,645 |
| Total plan assets at beginning of year | 2013-12-31 | $3,131,027 |
| Value of fidelity bond covering the plan | 2013-12-31 | $1,000,000 |
| Expenses. Other expenses not covered elsewhere | 2013-12-31 | $71,755 |
| Other income received | 2013-12-31 | $-1,579,996 |
| Net income (gross income less expenses) | 2013-12-31 | $-1,432,123 |
| Net plan assets at end of year (total assets less liabilities) | 2013-12-31 | $-848,384 |
| Net plan assets at beginning of year (total assets less liabilities) | 2013-12-31 | $583,739 |
| Assets. Value of employer securities | 2013-12-31 | $1,025,000 |
| Total contributions received or receivable from employer(s) | 2013-12-31 | $288,114 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
| 2012 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2012-12-31 | $-800,000 |
| Total unrealized appreciation/depreciation of assets | 2012-12-31 | $-800,000 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $2,547,288 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $2,849,688 |
| Expenses. Interest paid | 2012-12-31 | $75,388 |
| Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2012-12-31 | $75,388 |
| Total income from all sources (including contributions) | 2012-12-31 | $-66,789 |
| Total loss/gain on sale of assets | 2012-12-31 | $0 |
| Total of all expenses incurred | 2012-12-31 | $367,975 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $286,037 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $567,502 |
| Value of total assets at end of year | 2012-12-31 | $3,131,027 |
| Value of total assets at beginning of year | 2012-12-31 | $3,868,191 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $6,550 |
| Total interest from all sources | 2012-12-31 | $498 |
| Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $165,211 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
| Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
| Value of fidelity bond cover | 2012-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-12-31 | $231,721 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-12-31 | $133,022 |
| Administrative expenses (other) incurred | 2012-12-31 | $6,550 |
| Total non interest bearing cash at end of year | 2012-12-31 | $260,961 |
| Total non interest bearing cash at beginning of year | 2012-12-31 | $263,284 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Value of net income/loss | 2012-12-31 | $-434,764 |
| Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $583,739 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $1,018,503 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-12-31 | $13,345 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-12-31 | $46,885 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-12-31 | $46,885 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-12-31 | $498 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
| Assets. Invements in employer securities at end of year | 2012-12-31 | $2,625,000 |
| Assets. Invements in employer securities at beginning of year | 2012-12-31 | $3,425,000 |
| Contributions received in cash from employer | 2012-12-31 | $567,502 |
| Income. Dividends from common stock | 2012-12-31 | $165,211 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $286,037 |
| Liabilities. Value of benefit claims payable at end of year | 2012-12-31 | $260,883 |
| Liabilities. Value of benefit claims payable at beginning of year | 2012-12-31 | $263,220 |
| Did the plan have assets held for investment | 2012-12-31 | 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 | 2012-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
| Liabilities. Value of acquisition indebtedness at end of year | 2012-12-31 | $2,286,405 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2012-12-31 | $2,586,468 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Unqualified |
| Accountancy firm name | 2012-12-31 | BOBROW & COMPANY, PC |
| Accountancy firm EIN | 2012-12-31 | 061357224 |
| 2011 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2011-12-31 | $-26,418 |
| Total unrealized appreciation/depreciation of assets | 2011-12-31 | $-26,418 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $2,849,688 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $2,491,790 |
| Expenses. Interest paid | 2011-12-31 | $56,311 |
| Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2011-12-31 | $56,311 |
| Total income from all sources (including contributions) | 2011-12-31 | $268,362 |
| Total loss/gain on sale of assets | 2011-12-31 | $0 |
| Total of all expenses incurred | 2011-12-31 | $459,293 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $396,416 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $226,391 |
| Value of total assets at end of year | 2011-12-31 | $3,868,191 |
| Value of total assets at beginning of year | 2011-12-31 | $3,701,224 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $6,566 |
| Total interest from all sources | 2011-12-31 | $1,877 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $66,512 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | Yes |
| Amount of non-exempt transactions with any party-in-interest | 2011-12-31 | $1,004,105 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-12-31 | $133,022 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-12-31 | $13,624 |
| Administrative expenses (other) incurred | 2011-12-31 | $6,566 |
| Total non interest bearing cash at end of year | 2011-12-31 | $263,284 |
| Total non interest bearing cash at beginning of year | 2011-12-31 | $100 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Value of net income/loss | 2011-12-31 | $-190,931 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $1,018,503 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $1,209,434 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $46,885 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $237,500 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $237,500 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $1,877 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
| Assets. Invements in employer securities at end of year | 2011-12-31 | $3,425,000 |
| Assets. Invements in employer securities at beginning of year | 2011-12-31 | $3,450,000 |
| Contributions received in cash from employer | 2011-12-31 | $226,391 |
| Income. Dividends from common stock | 2011-12-31 | $66,512 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $396,416 |
| Liabilities. Value of benefit claims payable at end of year | 2011-12-31 | $263,220 |
| Liabilities. Value of benefit claims payable at beginning of year | 2011-12-31 | $0 |
| Did the plan have assets held for investment | 2011-12-31 | 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 | 2011-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
| Liabilities. Value of acquisition indebtedness at end of year | 2011-12-31 | $2,586,468 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2011-12-31 | $2,491,790 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
| Accountancy firm name | 2011-12-31 | BOBROW & COMPANY, PC |
| Accountancy firm EIN | 2011-12-31 | 061357224 |
| 2010 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $-450,000 |
| Total unrealized appreciation/depreciation of assets | 2010-12-31 | $-450,000 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $2,491,790 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $1,356,093 |
| Expenses. Interest paid | 2010-12-31 | $54,244 |
| Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2010-12-31 | $54,244 |
| Total income from all sources (including contributions) | 2010-12-31 | $-329,625 |
| Total loss/gain on sale of assets | 2010-12-31 | $0 |
| Total of all expenses incurred | 2010-12-31 | $1,311,965 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $1,254,013 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $107,239 |
| Value of total assets at end of year | 2010-12-31 | $3,701,224 |
| Value of total assets at beginning of year | 2010-12-31 | $4,207,117 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $3,708 |
| Total interest from all sources | 2010-12-31 | $2,654 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2010-12-31 | $13,624 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $14,573 |
| Other income not declared elsewhere | 2010-12-31 | $10,482 |
| Administrative expenses (other) incurred | 2010-12-31 | $3,708 |
| Total non interest bearing cash at end of year | 2010-12-31 | $100 |
| Total non interest bearing cash at beginning of year | 2010-12-31 | $100 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Value of net income/loss | 2010-12-31 | $-1,641,590 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $1,209,434 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $2,851,024 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $237,500 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $292,444 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $292,444 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $2,654 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
| Assets. Invements in employer securities at end of year | 2010-12-31 | $3,450,000 |
| Assets. Invements in employer securities at beginning of year | 2010-12-31 | $3,900,000 |
| Contributions received in cash from employer | 2010-12-31 | $107,239 |
| Employer contributions (assets) at end of year | 2010-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2010-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $1,254,013 |
| Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
| Liabilities. Value of acquisition indebtedness at end of year | 2010-12-31 | $2,491,790 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2010-12-31 | $1,356,093 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
| Accountancy firm name | 2010-12-31 | BOBROW & COMPANY, PC |
| Accountancy firm EIN | 2010-12-31 | 061357224 |
| 2009 : NERAC EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |
