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CARRIER ACCESS INC 401(K) PLAN 401k Plan overview

Plan NameCARRIER ACCESS INC 401(K) PLAN
Plan identification number 001

CARRIER ACCESS 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CARRIER ACCESS INC. has sponsored the creation of one or more 401k plans.

Company Name:CARRIER ACCESS INC.
Employer identification number (EIN):200545373
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CARRIER ACCESS INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01BRENDAN PHELPS2023-11-21
0012021-01-01
0012020-01-01
0012018-01-01HEIDI HUNTER2019-06-04
0012017-01-01HEIDI HUNTER2018-05-08
0012016-01-01HEIDI HUNTER2017-06-21
0012015-01-01BRENDAN PHELPS2016-06-08
0012014-01-01BRENDAN PHELPS2015-05-11 BRENDAN PHELPS2015-05-11
0012013-01-01BRENDAN PHELPS2014-07-10 BRENDAN PHELPS2014-07-10
0012012-01-01BRENDAN PHELPS2013-05-15 BRENDAN PHELPS2013-05-15
0012011-01-01BRENDAN PHELPS2012-06-20
0012010-01-01BRENDAN PHELPS2011-05-06

Plan Statistics for CARRIER ACCESS INC 401(K) PLAN

401k plan membership statisitcs for CARRIER ACCESS INC 401(K) PLAN

Measure Date Value
2022: CARRIER ACCESS INC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01121
Total number of active participants reported on line 7a of the Form 55002022-01-01102
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0119
Total of all active and inactive participants2022-01-01121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01121
Number of participants with account balances2022-01-01110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010

Financial Data on CARRIER ACCESS INC 401(K) PLAN

Measure Date Value
2022 : CARRIER ACCESS INC 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$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$0
Total income from all sources (including contributions)2022-12-31$-240,341
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$215,408
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$215,408
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$737,799
Value of total assets at end of year2022-12-31$5,113,817
Value of total assets at beginning of year2022-12-31$5,569,566
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$0
Total interest from all sources2022-12-31$9,734
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 year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$730,793
Participant contributions at end of year2022-12-31$199,883
Participant contributions at beginning of year2022-12-31$145,317
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$7,006
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-455,749
Value of net assets at end of year (total assets less liabilities)2022-12-31$5,113,817
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$5,569,566
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$0
Value of interest in pooled separate accounts at end of year2022-12-31$4,629,710
Value of interest in pooled separate accounts at beginning of year2022-12-31$5,381,353
Interest on participant loans2022-12-31$7,800
Interest earned on other investments2022-12-31$1,934
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$284,224
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$42,896
Net investment gain/loss from pooled separate accounts2022-12-31$-987,874
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$215,408
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31EIDE BAILLY LLP
Accountancy firm EIN2022-12-31450250958

Form 5500 Responses for CARRIER ACCESS INC 401(K) PLAN

2022: CARRIER ACCESS INC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG50015
Policy instance 1
Insurance contract or identification numberG50015
Number of Individuals Covered110
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $9,753
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $9,753
Insurance broker organization code?3

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