YOUNG ADULT INSTITUTE, INC. has sponsored the creation of one or more 401k plans.
Additional information about YOUNG ADULT INSTITUTE, INC.
Submission information for form 5500 for 401k plan YAI NETWORK AFFILIATES 403(B) SPIN OFF PLAN
| Measure | Date | Value |
|---|
| 2019: YAI NETWORK AFFILIATES 403(B) SPIN OFF PLAN 2019 401k membership |
|---|
| Total participants, beginning-of-year | 2019-01-01 | 627 |
| Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 0 |
| Number of retired or separated participants receiving benefits | 2019-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 0 |
| Total of all active and inactive participants | 2019-01-01 | 0 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 0 |
| Total participants | 2019-01-01 | 0 |
| Number of participants with account balances | 2019-01-01 | 0 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2019 : YAI NETWORK AFFILIATES 403(B) SPIN OFF PLAN 2019 401k financial data |
|---|
| Total transfer of assets to this plan | 2019-02-28 | $20,280,586 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-02-28 | $0 |
| Total income from all sources (including contributions) | 2019-02-28 | $1,234,875 |
| Total of all expenses incurred | 2019-02-28 | $21,515,461 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-02-28 | $21,513,997 |
| Value of total assets at end of year | 2019-02-28 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-02-28 | $1,464 |
| Total interest from all sources | 2019-02-28 | $42,910 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-02-28 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2019-02-28 | $0 |
| Was this plan covered by a fidelity bond | 2019-02-28 | Yes |
| Value of fidelity bond cover | 2019-02-28 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2019-02-28 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-02-28 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-02-28 | No |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2019-02-28 | $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 | 2019-02-28 | No |
| Value of net income/loss | 2019-02-28 | $-20,280,586 |
| Value of net assets at end of year (total assets less liabilities) | 2019-02-28 | $0 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-02-28 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-02-28 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-02-28 | No |
| Interest earned on other investments | 2019-02-28 | $42,910 |
| Net investment gain/loss from pooled separate accounts | 2019-02-28 | $1,191,965 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-02-28 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-02-28 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-02-28 | No |
| Assets. Invements in employer securities at end of year | 2019-02-28 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-02-28 | $21,513,997 |
| Contract administrator fees | 2019-02-28 | $1,464 |
| Did the plan have assets held for investment | 2019-02-28 | No |
| 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 | 2019-02-28 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-02-28 | Yes |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-02-28 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-02-28 | Disclaimer |
| Accountancy firm name | 2019-02-28 | LILLING & COMPANY, LLP |
| Accountancy firm EIN | 2019-02-28 | 133447681 |
| MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 ) |
| Policy contract number | 057-480-F-10 |
| Policy instance | 1 |
| Insurance contract or identification number | 057-480-F-10 | | Number of Individuals Covered | 0 | | Insurance policy start date | 2019-01-01 | | Insurance policy end date | 2019-02-28 | | Total amount of commissions paid to insurance broker | USD $0 | | Total amount of fees paid to insurance company | USD $0 | | Commission paid to Insurance Broker | USD $0 | | Amount paid for insurance broker fees | 0 | | Insurance broker organization code? | 3 |
|
| MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 ) |
| Policy contract number | 021-024-I-10 |
| Policy instance | 2 |
| Insurance contract or identification number | 021-024-I-10 | | Number of Individuals Covered | 0 | | Insurance policy start date | 2019-01-01 | | Insurance policy end date | 2019-02-28 | | Total amount of commissions paid to insurance broker | USD $0 | | Total amount of fees paid to insurance company | USD $0 | | Commission paid to Insurance Broker | USD $0 | | Amount paid for insurance broker fees | 0 | | Insurance broker organization code? | 3 |
|
| MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 ) |
| Policy contract number | 005-674-A-10 |
| Policy instance | 3 |
| Insurance contract or identification number | 005-674-A-10 | | Number of Individuals Covered | 0 | | Insurance policy start date | 2019-01-01 | | Insurance policy end date | 2019-02-28 | | Total amount of commissions paid to insurance broker | USD $0 | | Total amount of fees paid to insurance company | USD $0 | | Commission paid to Insurance Broker | USD $0 | | Amount paid for insurance broker fees | 0 | | Insurance broker organization code? | 3 |
|
| MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 ) |
| Policy contract number | 057-477-F-10 |
| Policy instance | 4 |
| Insurance contract or identification number | 057-477-F-10 | | Number of Individuals Covered | 0 | | Insurance policy start date | 2019-01-01 | | Insurance policy end date | 2019-02-28 | | Total amount of commissions paid to insurance broker | USD $0 | | Total amount of fees paid to insurance company | USD $0 | | Insurance broker organization code? | 3 |
|
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