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VERAMARK TECHNOLOGIES, INC. 401(K) PLAN 401k Plan overview

Plan NameVERAMARK TECHNOLOGIES, INC. 401(K) PLAN
Plan identification number 001

VERAMARK TECHNOLOGIES, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

VERAMARK TECHNOLOGIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:VERAMARK TECHNOLOGIES, INC.
Employer identification number (EIN):161192368
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Additional information about VERAMARK TECHNOLOGIES, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2032068

More information about VERAMARK TECHNOLOGIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VERAMARK TECHNOLOGIES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01PAUL OPELA RONALD LUNDY2013-10-14
0012011-01-01PAUL OPELA RONALD LUNDY2012-10-15
0012009-01-01PAUL OPELA RONALD LUNDY2010-10-14
0012009-01-01PAUL OPELA RONALD LUNDY2010-10-14

Plan Statistics for VERAMARK TECHNOLOGIES, INC. 401(K) PLAN

401k plan membership statisitcs for VERAMARK TECHNOLOGIES, INC. 401(K) PLAN

Measure Date Value
2012: VERAMARK TECHNOLOGIES, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01162
Total number of active participants reported on line 7a of the Form 55002012-01-01105
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0150
Total of all active and inactive participants2012-01-01155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-012
Total participants2012-01-01157
Number of participants with account balances2012-01-01132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: VERAMARK TECHNOLOGIES, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01147
Total number of active participants reported on line 7a of the Form 55002011-01-01109
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0151
Total of all active and inactive participants2011-01-01160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-012
Total participants2011-01-01162
Number of participants with account balances2011-01-01129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2009: VERAMARK TECHNOLOGIES, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01139
Total number of active participants reported on line 7a of the Form 55002009-01-0177
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0158
Total of all active and inactive participants2009-01-01135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-013
Total participants2009-01-01138
Number of participants with account balances2009-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on VERAMARK TECHNOLOGIES, INC. 401(K) PLAN

Measure Date Value
2012 : VERAMARK TECHNOLOGIES, INC. 401(K) PLAN 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,711,530
Total of all expenses incurred2012-12-31$800,065
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$797,875
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$762,690
Value of total assets at end of year2012-12-31$8,138,759
Value of total assets at beginning of year2012-12-31$7,227,294
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$2,190
Total interest from all sources2012-12-31$5,882
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$158,487
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$158,487
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$635,465
Participant contributions at end of year2012-12-31$136,297
Participant contributions at beginning of year2012-12-31$88,068
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$15,316
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$66,760
Administrative expenses (other) incurred2012-12-31$2,190
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$911,465
Value of net assets at end of year (total assets less liabilities)2012-12-31$8,138,759
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$7,227,294
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$7,475,662
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$6,573,303
Interest on participant loans2012-12-31$5,881
Value of interest in common/collective trusts at end of year2012-12-31$454,762
Value of interest in common/collective trusts at beginning of year2012-12-31$541,630
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$11,573
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$8,977
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$8,977
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$778,242
Net investment gain or loss from common/collective trusts2012-12-31$6,229
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$60,465
Employer contributions (assets) at end of year2012-12-31$60,465
Employer contributions (assets) at beginning of year2012-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$797,875
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31EFP ROTENBERG, LLP
Accountancy firm EIN2012-12-31264298079
2011 : VERAMARK TECHNOLOGIES, INC. 401(K) PLAN 2011 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$620,159
Total of all expenses incurred2011-12-31$1,201,722
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,199,654
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$667,442
Value of total assets at end of year2011-12-31$7,227,294
Value of total assets at beginning of year2011-12-31$7,808,857
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$2,068
Total interest from all sources2011-12-31$3,253
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$177,287
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$177,287
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$563,941
Participant contributions at end of year2011-12-31$88,068
Participant contributions at beginning of year2011-12-31$47,440
Participant contributions at end of year2011-12-31$15,316
Participant contributions at beginning of year2011-12-31$19,385
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$103,501
Administrative expenses (other) incurred2011-12-31$2,068
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-581,563
Value of net assets at end of year (total assets less liabilities)2011-12-31$7,227,294
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$7,808,857
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$6,573,303
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$6,794,886
Interest on participant loans2011-12-31$3,252
Value of interest in common/collective trusts at end of year2011-12-31$541,630
Value of interest in common/collective trusts at beginning of year2011-12-31$917,583
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$8,977
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$5,062
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$5,062
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-243,238
Net investment gain or loss from common/collective trusts2011-12-31$15,415
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Employer contributions (assets) at end of year2011-12-31$0
Employer contributions (assets) at beginning of year2011-12-31$24,501
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,199,654
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31EFP ROTENBERG, LLP
Accountancy firm EIN2011-12-31264298079
2010 : VERAMARK TECHNOLOGIES, INC. 401(K) PLAN 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,875,643
Total of all expenses incurred2010-12-31$285,119
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$274,673
Expenses. Certain deemed distributions of participant loans2010-12-31$8,401
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,020,009
Value of total assets at end of year2010-12-31$7,810,945
Value of total assets at beginning of year2010-12-31$6,220,421
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$2,045
Total interest from all sources2010-12-31$2,884
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$102,102
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$102,102
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$503,052
Participant contributions at end of year2010-12-31$47,440
Participant contributions at beginning of year2010-12-31$64,575
Participant contributions at end of year2010-12-31$19,385
Participant contributions at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$490,368
Administrative expenses (other) incurred2010-12-31$2,045
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,590,524
Value of net assets at end of year (total assets less liabilities)2010-12-31$7,810,945
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$6,220,421
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$6,794,886
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$5,230,085
Interest on participant loans2010-12-31$2,883
Value of interest in common/collective trusts at end of year2010-12-31$917,583
Value of interest in common/collective trusts at beginning of year2010-12-31$896,747
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$5,062
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$4,370
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$4,370
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$714,361
Net investment gain or loss from common/collective trusts2010-12-31$36,287
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$26,589
Employer contributions (assets) at end of year2010-12-31$26,589
Employer contributions (assets) at beginning of year2010-12-31$24,644
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$274,673
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31EFP ROTENBERG, LLP
Accountancy firm EIN2010-12-31264298079
2009 : VERAMARK TECHNOLOGIES, INC. 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for VERAMARK TECHNOLOGIES, INC. 401(K) PLAN

2012: VERAMARK TECHNOLOGIES, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: VERAMARK TECHNOLOGIES, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: VERAMARK TECHNOLOGIES, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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