?>
Logo

KORE WIRELESS INC. 401(K) PLAN 401k Plan overview

Plan NameKORE WIRELESS INC. 401(K) PLAN
Plan identification number 001

KORE WIRELESS INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

KORE WIRELESS, INC. has sponsored the creation of one or more 401k plans.

Company Name:KORE WIRELESS, INC.
Employer identification number (EIN):201224243
NAIC Classification:517000

Additional information about KORE WIRELESS, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 3662833

More information about KORE WIRELESS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KORE WIRELESS INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01MAHA HASSAN
0012016-01-01MAHA HASSAN
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01ALEX BRISBOURNE2013-10-10 ALEX BRISBOURNE2013-10-10
0012011-01-01ALEX BRISBOURNE2013-10-09

Plan Statistics for KORE WIRELESS INC. 401(K) PLAN

401k plan membership statisitcs for KORE WIRELESS INC. 401(K) PLAN

Measure Date Value
2022: KORE WIRELESS INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01331
Total number of active participants reported on line 7a of the Form 55002022-01-01318
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0174
Total of all active and inactive participants2022-01-01392
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01392
Number of participants with account balances2022-01-01258
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0115
2021: KORE WIRELESS INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01318
Total number of active participants reported on line 7a of the Form 55002021-01-01248
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0176
Total of all active and inactive participants2021-01-01324
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01324
Number of participants with account balances2021-01-01231
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0127
2020: KORE WIRELESS INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01308
Total number of active participants reported on line 7a of the Form 55002020-01-01257
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0156
Total of all active and inactive participants2020-01-01313
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01313
Number of participants with account balances2020-01-01221
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0123
2019: KORE WIRELESS INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01234
Total number of active participants reported on line 7a of the Form 55002019-01-01254
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0148
Total of all active and inactive participants2019-01-01302
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01302
Number of participants with account balances2019-01-01170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0118
2018: KORE WIRELESS INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01229
Total number of active participants reported on line 7a of the Form 55002018-01-01178
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0145
Total of all active and inactive participants2018-01-01223
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01223
Number of participants with account balances2018-01-01160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0115
2017: KORE WIRELESS INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01188
Total number of active participants reported on line 7a of the Form 55002017-01-01180
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0149
Total of all active and inactive participants2017-01-01229
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01229
Number of participants with account balances2017-01-01159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0123
2016: KORE WIRELESS INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01157
Total number of active participants reported on line 7a of the Form 55002016-01-01123
Number of other retired or separated participants entitled to future benefits2016-01-0155
Total of all active and inactive participants2016-01-01178
Total participants2016-01-01178
Number of participants with account balances2016-01-01147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0111

Financial Data on KORE WIRELESS INC. 401(K) PLAN

Measure Date Value
2022 : KORE WIRELESS INC. 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-351,926
Total of all expenses incurred2022-12-31$941,222
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$836,589
Expenses. Certain deemed distributions of participant loans2022-12-31$4,258
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,549,991
Value of total assets at end of year2022-12-31$13,928,473
Value of total assets at beginning of year2022-12-31$15,221,621
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$100,375
Total interest from all sources2022-12-31$9,763
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$231,898
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$231,898
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
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$1,587,110
Participant contributions at end of year2022-12-31$99,888
Participant contributions at beginning of year2022-12-31$105,699
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$449,874
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$44
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Administrative expenses (other) incurred2022-12-31$100,375
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,293,148
Value of net assets at end of year (total assets less liabilities)2022-12-31$13,928,473
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$15,221,621
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$13,434,301
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$14,723,167
Interest on participant loans2022-12-31$4,820
Interest earned on other investments2022-12-31$4,943
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$394,240
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$392,755
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,143,578
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$513,007
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$836,589
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
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 name2022-12-31SMITH AND HOWARD
Accountancy firm EIN2022-12-31581250486
2021 : KORE WIRELESS INC. 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$4,025,628
Total of all expenses incurred2021-12-31$823,998
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$721,774
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$2,175,390
Value of total assets at end of year2021-12-31$15,221,621
Value of total assets at beginning of year2021-12-31$12,019,991
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$102,224
Total interest from all sources2021-12-31$4,071
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$284,849
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$284,849
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,415,706
Participant contributions at end of year2021-12-31$105,699
Participant contributions at beginning of year2021-12-31$62,535
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$299,511
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Administrative expenses (other) incurred2021-12-31$102,224
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$3,201,630
Value of net assets at end of year (total assets less liabilities)2021-12-31$15,221,621
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$12,019,991
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$14,723,167
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$11,606,199
Interest on participant loans2021-12-31$4,071
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$392,755
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$351,257
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,561,318
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$460,173
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$721,774
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31SMITH AND HOWARD
Accountancy firm EIN2021-12-31581250486
2020 : KORE WIRELESS INC. 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$6,146,439
Total of all expenses incurred2020-12-31$1,744,742
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,678,857
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$4,390,005
Value of total assets at end of year2020-12-31$12,019,991
Value of total assets at beginning of year2020-12-31$7,618,294
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$65,885
Total interest from all sources2020-12-31$7,869
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$173,838
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$173,838
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$1,369,680
Participant contributions at end of year2020-12-31$62,535
Participant contributions at beginning of year2020-12-31$113,318
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$2,540,772
Administrative expenses (other) incurred2020-12-31$65,885
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$4,401,697
Value of net assets at end of year (total assets less liabilities)2020-12-31$12,019,991
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$7,618,294
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$11,606,199
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$7,205,632
Interest on participant loans2020-12-31$4,661
Interest earned on other investments2020-12-31$3,208
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$351,257
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$299,344
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,574,727
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$479,553
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,678,857
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31SMITH AND HOWARD
Accountancy firm EIN2020-12-31581250486
2019 : KORE WIRELESS INC. 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$2,963,529
Total income from all sources (including contributions)2019-12-31$2,963,529
Total of all expenses incurred2019-12-31$500,887
Total of all expenses incurred2019-12-31$500,887
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$454,925
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$454,925
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,635,463
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,635,463
Value of total assets at end of year2019-12-31$7,618,294
Value of total assets at end of year2019-12-31$7,618,294
Value of total assets at beginning of year2019-12-31$5,155,652
Value of total assets at beginning of year2019-12-31$5,155,652
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$45,962
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$45,962
Total interest from all sources2019-12-31$4,629
Total interest from all sources2019-12-31$4,629
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$4,499
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$4,499
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$4,499
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$4,499
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$1,057,362
Contributions received from participants2019-12-31$1,057,362
Participant contributions at end of year2019-12-31$113,318
Participant contributions at end of year2019-12-31$113,318
Participant contributions at beginning of year2019-12-31$67,687
Participant contributions at beginning of year2019-12-31$67,687
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$211,922
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$211,922
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Administrative expenses (other) incurred2019-12-31$45,962
Administrative expenses (other) incurred2019-12-31$45,962
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,462,642
Value of net income/loss2019-12-31$2,462,642
Value of net assets at end of year (total assets less liabilities)2019-12-31$7,618,294
Value of net assets at end of year (total assets less liabilities)2019-12-31$7,618,294
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$5,155,652
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$5,155,652
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$7,205,632
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$7,205,632
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$4,959,438
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$4,959,438
Interest on participant loans2019-12-31$4,629
Interest on participant loans2019-12-31$4,629
Interest earned on other investments2019-12-31$0
Interest earned on other investments2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$299,344
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$299,344
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$128,527
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$128,527
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,318,938
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,318,938
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$366,179
Contributions received in cash from employer2019-12-31$366,179
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$454,925
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$454,925
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31SMITH & HOWARD
Accountancy firm name2019-12-31SMITH & HOWARD
Accountancy firm EIN2019-12-31581250486
Accountancy firm EIN2019-12-31581250486
2018 : KORE WIRELESS INC. 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$961,274
Total of all expenses incurred2018-12-31$1,147,092
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,074,147
Value of total corrective distributions2018-12-31$31,866
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,279,203
Value of total assets at end of year2018-12-31$5,155,652
Value of total assets at beginning of year2018-12-31$5,341,470
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$41,079
Total interest from all sources2018-12-31$3,288
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$922,967
Participant contributions at end of year2018-12-31$67,687
Participant contributions at beginning of year2018-12-31$65,589
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$38,096
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$0
Administrative expenses (other) incurred2018-12-31$41,079
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-185,818
Value of net assets at end of year (total assets less liabilities)2018-12-31$5,155,652
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$5,341,470
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$4,959,438
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$5,146,634
Interest on participant loans2018-12-31$3,288
Interest earned on other investments2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$128,527
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$129,247
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-321,217
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$318,140
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,074,147
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31SMITH & HOWARD
Accountancy firm EIN2018-12-31581250486
2017 : KORE WIRELESS INC. 401(K) PLAN 2017 401k financial data
Total transfer of assets to this plan2017-12-31$510,689
Total income from all sources (including contributions)2017-12-31$2,403,513
Total of all expenses incurred2017-12-31$999,500
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$929,225
Value of total corrective distributions2017-12-31$36,168
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,672,578
Value of total assets at end of year2017-12-31$5,341,470
Value of total assets at beginning of year2017-12-31$3,426,768
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$34,107
Total interest from all sources2017-12-31$2,436
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$89,887
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$89,887
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$868,606
Participant contributions at end of year2017-12-31$65,589
Participant contributions at beginning of year2017-12-31$10,645
Participant contributions at beginning of year2017-12-31$23,130
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$524,007
Administrative expenses (other) incurred2017-12-31$34,107
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,404,013
Value of net assets at end of year (total assets less liabilities)2017-12-31$5,341,470
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$3,426,768
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$5,146,634
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$3,313,385
Interest on participant loans2017-12-31$1,333
Interest earned on other investments2017-12-31$1,103
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$129,247
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$68,985
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$638,612
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$279,965
Employer contributions (assets) at beginning of year2017-12-31$10,623
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$929,225
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31SMITH & HOWARD
Accountancy firm EIN2017-12-31581250486
2016 : KORE WIRELESS INC. 401(K) PLAN 2016 401k financial data
Total transfer of assets to this plan2016-12-31$1,606,503
Total income from all sources (including contributions)2016-12-31$1,264,130
Total of all expenses incurred2016-12-31$582,977
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$558,162
Value of total corrective distributions2016-12-31$1,572
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$849,697
Value of total assets at end of year2016-12-31$3,426,768
Value of total assets at beginning of year2016-12-31$1,139,112
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$23,243
Total interest from all sources2016-12-31$338
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$59,230
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$59,230
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$600,987
Participant contributions at end of year2016-12-31$10,645
Participant contributions at end of year2016-12-31$23,130
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$16,261
Other income not declared elsewhere2016-12-31$7,463
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$681,153
Value of net assets at end of year (total assets less liabilities)2016-12-31$3,426,768
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$1,139,112
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$3,313,385
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$1,139,112
Interest on participant loans2016-12-31$338
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$68,985
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$347,402
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$232,449
Employer contributions (assets) at end of year2016-12-31$10,623
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$558,162
Contract administrator fees2016-12-31$23,243
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31SMITH & HOWARD
Accountancy firm EIN2016-12-31581250486

Form 5500 Responses for KORE WIRELESS INC. 401(K) PLAN

2022: KORE WIRELESS INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: KORE WIRELESS INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: KORE WIRELESS INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: KORE WIRELESS INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: KORE WIRELESS INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: KORE WIRELESS INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: KORE WIRELESS INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512559
Policy instance 1
Insurance contract or identification number512559
Number of Individuals Covered258
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $1,246
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,246
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512559
Policy instance 1
Insurance contract or identification number512559
Number of Individuals Covered231
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $1,006
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,006
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512559
Policy instance 1
Insurance contract or identification number512559
Number of Individuals Covered221
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $888
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $888
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512559
Policy instance 1
Insurance contract or identification number512559
Number of Individuals Covered170
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $629
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $629
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512559
Policy instance 1
Insurance contract or identification number512559
Number of Individuals Covered160
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $451
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $451
Insurance broker organization code?3
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512559
Policy instance 1
Insurance contract or identification number512559
Number of Individuals Covered159
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $368
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $368
Insurance broker organization code?3
Insurance broker nameAXA ADVISORS LLC

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3