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FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameFREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

FREEDOM CONSULTING GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:FREEDOM CONSULTING GROUP, INC.
Employer identification number (EIN):201679732
NAIC Classification:518210
NAIC Description:Data Processing, Hosting, and Related Services

Additional information about FREEDOM CONSULTING GROUP, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 2003-08-01
Company Identification Number: 1401880
Legal Registered Office Address: 6801 FLOWER DALE
-
CLEVELAND
United States of America (USA)
44144

More information about FREEDOM CONSULTING GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01DANA GIFT
0022016-01-01DANA GIFT
0022015-01-01DANA GIFT
0022014-01-01DANA GIFT
0022013-01-01DANA GIFT
0022012-01-01DANA GIFT

Plan Statistics for FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2020: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0187
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Number of participants with account balances2020-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0187
Total number of active participants reported on line 7a of the Form 55002019-01-0145
Number of retired or separated participants receiving benefits2019-01-0124
Number of other retired or separated participants entitled to future benefits2019-01-0118
Total of all active and inactive participants2019-01-0187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0187
Number of participants with account balances2019-01-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0187
Total number of active participants reported on line 7a of the Form 55002018-01-0158
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0129
Total of all active and inactive participants2018-01-0187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0187
Number of participants with account balances2018-01-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0184
Total number of active participants reported on line 7a of the Form 55002017-01-0170
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0117
Total of all active and inactive participants2017-01-0187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0187
Number of participants with account balances2017-01-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-014
2016: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0174
Total number of active participants reported on line 7a of the Form 55002016-01-0158
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0114
Total of all active and inactive participants2016-01-0172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0172
Number of participants with account balances2016-01-0172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-019
2015: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0176
Total number of active participants reported on line 7a of the Form 55002015-01-0156
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0111
Total of all active and inactive participants2015-01-0167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0167
Number of participants with account balances2015-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-016
2014: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0164
Total number of active participants reported on line 7a of the Form 55002014-01-0156
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0113
Total of all active and inactive participants2014-01-0169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0169
Number of participants with account balances2014-01-0168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0111
2013: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0173
Total number of active participants reported on line 7a of the Form 55002013-01-0157
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-016
Total of all active and inactive participants2013-01-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0163
Number of participants with account balances2013-01-0161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-019
2012: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0175
Total number of active participants reported on line 7a of the Form 55002012-01-0173
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0173
Number of participants with account balances2012-01-0151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2020 : FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$-333,322
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$3,745
Expenses. Total of all expenses incurred2020-12-31$637,528
Benefits paid (including direct rollovers)2020-12-31$628,479
Total plan assets at end of year2020-12-31$0
Total plan assets at beginning of year2020-12-31$967,105
Value of fidelity bond covering the plan2020-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2020-12-31$9,049
Other income received2020-12-31$3,745
Net income (gross income less expenses)2020-12-31$-633,783
Net plan assets at end of year (total assets less liabilities)2020-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$967,105
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$27,892
Expenses. Total of all expenses incurred2019-12-31$659,629
Benefits paid (including direct rollovers)2019-12-31$646,293
Total plan assets at end of year2019-12-31$967,105
Total plan assets at beginning of year2019-12-31$1,598,842
Value of fidelity bond covering the plan2019-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2019-12-31$13,336
Other income received2019-12-31$27,892
Net income (gross income less expenses)2019-12-31$-631,737
Net plan assets at end of year (total assets less liabilities)2019-12-31$967,105
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,598,842
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$3,869,930
Total income from all sources2018-12-31$1,347,916
Expenses. Total of all expenses incurred2018-12-31$25,763
Total plan assets at end of year2018-12-31$1,598,842
Total plan assets at beginning of year2018-12-31$4,146,619
Value of fidelity bond covering the plan2018-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2018-12-31$25,763
Other income received2018-12-31$1,347,916
Net income (gross income less expenses)2018-12-31$1,322,153
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,598,842
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$276,689
Assets. Value of employer securities2018-12-31$1,598,647
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$3,869,930
Total plan liabilities at beginning of year2017-12-31$4,213,759
Total income from all sources2017-12-31$-490,113
Expenses. Total of all expenses incurred2017-12-31$106,151
Benefits paid (including direct rollovers)2017-12-31$16,928
Total plan assets at end of year2017-12-31$4,146,619
Total plan assets at beginning of year2017-12-31$5,086,712
Value of fidelity bond covering the plan2017-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2017-12-31$89,223
Other income received2017-12-31$-802,481
Net income (gross income less expenses)2017-12-31$-596,264
Net plan assets at end of year (total assets less liabilities)2017-12-31$276,689
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$872,953
Assets. Value of employer securities2017-12-31$3,714,900
Total contributions received or receivable from employer(s)2017-12-31$312,368
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$4,213,759
Total plan liabilities at beginning of year2016-12-31$4,546,848
Total income from all sources2016-12-31$609,295
Expenses. Total of all expenses incurred2016-12-31$123,554
Benefits paid (including direct rollovers)2016-12-31$26,436
Total plan assets at end of year2016-12-31$5,086,712
Total plan assets at beginning of year2016-12-31$4,934,060
Value of fidelity bond covering the plan2016-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2016-12-31$97,118
Other income received2016-12-31$377,840
Net income (gross income less expenses)2016-12-31$485,741
Net plan assets at end of year (total assets less liabilities)2016-12-31$872,953
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$387,212
Assets. Value of employer securities2016-12-31$4,653,600
Total contributions received or receivable from employer(s)2016-12-31$231,455
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$4,546,848
Total plan liabilities at beginning of year2015-12-31$4,873,676
Total income from all sources2015-12-31$1,162,626
Expenses. Total of all expenses incurred2015-12-31$119,697
Benefits paid (including direct rollovers)2015-12-31$14,835
Total plan assets at end of year2015-12-31$4,934,060
Total plan assets at beginning of year2015-12-31$4,217,959
Value of fidelity bond covering the plan2015-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2015-12-31$104,862
Other income received2015-12-31$881,974
Net income (gross income less expenses)2015-12-31$1,042,929
Net plan assets at end of year (total assets less liabilities)2015-12-31$387,212
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$-655,717
Assets. Value of employer securities2015-12-31$4,502,400
Total contributions received or receivable from employer(s)2015-12-31$280,652
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$4,873,676
Total plan liabilities at beginning of year2014-12-31$5,202,311
Total income from all sources2014-12-31$204,859
Expenses. Total of all expenses incurred2014-12-31$103,025
Total plan assets at end of year2014-12-31$4,217,959
Total plan assets at beginning of year2014-12-31$4,444,760
Value of fidelity bond covering the plan2014-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2014-12-31$103,025
Other income received2014-12-31$-98,408
Net income (gross income less expenses)2014-12-31$101,834
Net plan assets at end of year (total assets less liabilities)2014-12-31$-655,717
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$-757,551
Assets. Value of employer securities2014-12-31$3,786,300
Total contributions received or receivable from employer(s)2014-12-31$303,267
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$5,194,977
Total plan liabilities at beginning of year2013-12-31$5,468,434
Total income from all sources2013-12-31$463,160
Expenses. Total of all expenses incurred2013-12-31$158,203
Total plan assets at end of year2013-12-31$4,444,760
Total plan assets at beginning of year2013-12-31$4,413,260
Value of fidelity bond covering the plan2013-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2013-12-31$158,203
Other income received2013-12-31$231,650
Net income (gross income less expenses)2013-12-31$304,957
Net plan assets at end of year (total assets less liabilities)2013-12-31$-750,217
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$-1,055,174
Assets. Value of employer securities2013-12-31$4,013,100
Total contributions received or receivable from employer(s)2013-12-31$231,510
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$5,468,434
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$-986,740
Expenses. Total of all expenses incurred2012-12-31$68,434
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$4,413,260
Total plan assets at beginning of year2012-12-31$0
Value of fidelity bond covering the plan2012-12-31$1,000,000
Total contributions received or receivable from participants2012-12-31$0
Expenses. Other expenses not covered elsewhere2012-12-31$68,434
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$-1,418,400
Net income (gross income less expenses)2012-12-31$-1,055,174
Net plan assets at end of year (total assets less liabilities)2012-12-31$-1,055,174
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$0
Assets. Value of employer securities2012-12-31$3,981,600
Total contributions received or receivable from employer(s)2012-12-31$431,660
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0

Form 5500 Responses for FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2020: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingYes
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FREEDOM CONSULTING GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01First time form 5500 has been submittedYes
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 is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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