FAIRFIELD-MAXWELL, LTD has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FAIRFIELD RETIREMENT AND SAVINGS PLAN
Measure | Date | Value |
---|
2022 : FAIRFIELD RETIREMENT AND SAVINGS PLAN 2022 401k financial data |
---|
Total income from all sources (including contributions) | 2022-12-31 | $-4,941,064 |
Total of all expenses incurred | 2022-12-31 | $2,081,985 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,001,425 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,367,688 |
Value of total assets at end of year | 2022-12-31 | $31,757,587 |
Value of total assets at beginning of year | 2022-12-31 | $38,780,636 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $80,560 |
Total interest from all sources | 2022-12-31 | $27,954 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
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 | $0 |
Administrative expenses professional fees incurred | 2022-12-31 | $80,560 |
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 | $863,424 |
Participant contributions at end of year | 2022-12-31 | $116,827 |
Participant contributions at beginning of year | 2022-12-31 | $75,391 |
Participant contributions at end of year | 2022-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-7,023,049 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $31,757,587 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $38,780,636 |
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 | $26,981,315 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $34,420,163 |
Interest on participant loans | 2022-12-31 | $5,081 |
Interest earned on other investments | 2022-12-31 | $22,873 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $4,659,445 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $4,285,082 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2022-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-6,336,706 |
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 | Yes |
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 | $504,264 |
Employer contributions (assets) at end of year | 2022-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,001,425 |
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 | Unqualified |
Accountancy firm name | 2022-12-31 | PANNEL KERR FORSTER OF TEXAS P.C. |
Accountancy firm EIN | 2022-12-31 | 760356844 |
2021 : FAIRFIELD RETIREMENT AND SAVINGS PLAN 2021 401k financial data |
---|
Total income from all sources (including contributions) | 2021-12-31 | $6,545,319 |
Total of all expenses incurred | 2021-12-31 | $3,014,596 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $2,954,949 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,361,121 |
Value of total assets at end of year | 2021-12-31 | $38,780,636 |
Value of total assets at beginning of year | 2021-12-31 | $35,249,913 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $59,647 |
Total interest from all sources | 2021-12-31 | $4,674 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Administrative expenses professional fees incurred | 2021-12-31 | $59,647 |
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 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $818,984 |
Participant contributions at end of year | 2021-12-31 | $75,391 |
Participant contributions at beginning of year | 2021-12-31 | $82,740 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $53,335 |
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 | $3,530,723 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $38,780,636 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $35,249,913 |
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 | $34,420,163 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $31,642,001 |
Income. Interest from loans (other than to participants) | 2021-12-31 | $4,674 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $4,285,082 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $3,525,172 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $5,179,524 |
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 | Yes |
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 | $488,802 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $2,954,949 |
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 | PANNELL KERR FORSTER OF TEXAS P.C. |
Accountancy firm EIN | 2021-12-31 | 760356844 |
2020 : FAIRFIELD RETIREMENT AND SAVINGS PLAN 2020 401k financial data |
---|
Total income from all sources (including contributions) | 2020-12-31 | $6,566,675 |
Total of all expenses incurred | 2020-12-31 | $7,638,253 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $7,580,467 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,705,530 |
Value of total assets at end of year | 2020-12-31 | $35,249,913 |
Value of total assets at beginning of year | 2020-12-31 | $36,321,491 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $57,786 |
Total interest from all sources | 2020-12-31 | $6,923 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $3,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $1,062,900 |
Participant contributions at end of year | 2020-12-31 | $82,740 |
Participant contributions at beginning of year | 2020-12-31 | $133,286 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $3,931 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $-1,071,578 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $35,249,913 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $36,321,491 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $31,642,001 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $33,032,284 |
Interest on participant loans | 2020-12-31 | $6,923 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $3,525,172 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $3,155,921 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $4,854,222 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $638,699 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $7,580,467 |
Contract administrator fees | 2020-12-31 | $57,786 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2020-12-31 | No |
Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | PANNELL KERR FORSTER OF TEXAS P.C. |
Accountancy firm EIN | 2020-12-31 | 760356844 |
2019 : FAIRFIELD RETIREMENT AND SAVINGS PLAN 2019 401k financial data |
---|
Total transfer of assets from this plan | 2019-12-31 | $27,517,978 |
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 | $17,337,046 |
Total of all expenses incurred | 2019-12-31 | $5,999,888 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $5,956,910 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $5,399,628 |
Value of total assets at end of year | 2019-12-31 | $36,321,491 |
Value of total assets at beginning of year | 2019-12-31 | $52,502,311 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $42,978 |
Total interest from all sources | 2019-12-31 | $32,395 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Assets. Real estate other than employer real property at beginning of year | 2019-12-31 | $0 |
Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2019-12-31 | $0 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $3,000,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | Yes |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $3,196,174 |
Participant contributions at end of year | 2019-12-31 | $133,286 |
Participant contributions at beginning of year | 2019-12-31 | $574,281 |
Participant contributions at beginning of year | 2019-12-31 | $0 |
Assets. Other investments not covered elsewhere at beginning of year | 2019-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $339,702 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $0 |
Assets. Loans (other than to participants) at beginning of year | 2019-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2019-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2019-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $11,337,158 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $36,321,491 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $52,502,311 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Assets. partnership/joint venture interests at beginning of year | 2019-12-31 | $0 |
Investment advisory and management fees | 2019-12-31 | $34,585 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $33,032,284 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $51,928,030 |
Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $0 |
Interest on participant loans | 2019-12-31 | $32,395 |
Value of interest in master investment trust accounts at beginning of year | 2019-12-31 | $0 |
Value of interest in common/collective trusts at beginning of year | 2019-12-31 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $0 |
Assets. Value of investments in 103.12 investment entities at beginning of year | 2019-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $3,155,921 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $0 |
Asset value of US Government securities at beginning of year | 2019-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $11,905,023 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Assets. Invements in employer securities at beginning of year | 2019-12-31 | $0 |
Assets. Value of employer real property at beginning of year | 2019-12-31 | $0 |
Contributions received in cash from employer | 2019-12-31 | $1,863,752 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $5,956,910 |
Asset. Corporate debt instrument preferred debt at beginning of year | 2019-12-31 | $0 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2019-12-31 | $0 |
Contract administrator fees | 2019-12-31 | $8,393 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2019-12-31 | Yes |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2019-12-31 | $0 |
Liabilities. Value of benefit claims payable at beginning of year | 2019-12-31 | $0 |
Assets. Value of buildings and other operty used in plan operation at beginning of year | 2019-12-31 | $0 |
Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Liabilities. Value of acquisition indebtedness at beginning of year | 2019-12-31 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | PANNELL KERR FORSTER OF TEXAS P.C. |
Accountancy firm EIN | 2019-12-31 | 760356844 |