LAMB FINANCIAL has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
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2021 : LAMB FINANCIAL 401(K) PLAN 2021 401k financial data |
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Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total income from all sources (including contributions) | 2021-12-31 | $1,931,919 |
Total of all expenses incurred | 2021-12-31 | $781,594 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $780,604 |
Expenses. Certain deemed distributions of participant loans | 2021-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,504,608 |
Value of total assets at end of year | 2021-12-31 | $3,278,266 |
Value of total assets at beginning of year | 2021-12-31 | $2,127,941 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $990 |
Total interest from all sources | 2021-12-31 | $774 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | No |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $707,501 |
Participant contributions at end of year | 2021-12-31 | $10,700 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $589,288 |
Other income not declared elsewhere | 2021-12-31 | $0 |
Administrative expenses (other) incurred | 2021-12-31 | $990 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $1,150,325 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $3,278,266 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $2,127,941 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $3,206,109 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $2,071,972 |
Interest on participant loans | 2021-12-31 | $0 |
Interest earned on other investments | 2021-12-31 | $774 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $61,457 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $55,969 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2021-12-31 | $0 |
Net investment gain/loss from pooled separate accounts | 2021-12-31 | $426,537 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $207,819 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $780,604 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Disclaimer |