UTG, INC. has sponsored the creation of one or more 401k plans.
Additional information about UTG, INC.
Submission information for form 5500 for 401k plan UTG, INC. 401K PLAN
| Measure | Date | Value |
|---|
| 2023 : UTG, INC. 401K PLAN 2023 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2023-12-31 | $-198,416 |
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $-198,416 |
| Total income from all sources (including contributions) | 2023-12-31 | $1,041,786 |
| Total of all expenses incurred | 2023-12-31 | $927,064 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $918,876 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $455,683 |
| Value of total assets at end of year | 2023-12-31 | $5,463,314 |
| Value of total assets at beginning of year | 2023-12-31 | $5,348,592 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $8,188 |
| Total interest from all sources | 2023-12-31 | $4,006 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $4,836 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $4,836 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $238,000 |
| Assets. Other investments not covered elsewhere at end of year | 2023-12-31 | $447,096 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $52,930 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $114,722 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $5,463,314 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $5,348,592 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $4,782,684 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $5,145,907 |
| Interest earned on other investments | 2023-12-31 | $4,006 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $233,534 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $202,685 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $775,677 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $164,753 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $918,876 |
| Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | KERBER, ECK & BRAECKEL LLP |
| Accountancy firm EIN | 2023-12-31 | 430352985 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2023-01-01 | $-198,416 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $-198,416 |
| Total income from all sources (including contributions) | 2023-01-01 | $1,041,786 |
| Total of all expenses incurred | 2023-01-01 | $927,064 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $918,876 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $455,683 |
| Value of total assets at end of year | 2023-01-01 | $5,463,314 |
| Value of total assets at beginning of year | 2023-01-01 | $5,348,592 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $8,188 |
| Total interest from all sources | 2023-01-01 | $4,006 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $4,836 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $4,836 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $238,000 |
| Assets. Other investments not covered elsewhere at end of year | 2023-01-01 | $447,096 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $52,930 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $114,722 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $5,463,314 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $5,348,592 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $4,782,684 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $5,145,907 |
| Interest earned on other investments | 2023-01-01 | $4,006 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $233,534 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $202,685 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $775,677 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $164,753 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $918,876 |
| Did the plan have assets held for investment | 2023-01-01 | 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 | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | KERBER, ECK & BRAECKEL LLP |
| Accountancy firm EIN | 2023-01-01 | 430352985 |
| 2022 : UTG, INC. 401K PLAN 2022 401k financial data |
|---|
| Total income from all sources (including contributions) | 2022-12-31 | $54,358 |
| Total of all expenses incurred | 2022-12-31 | $60,107 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $58,713 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $386,290 |
| Value of total assets at end of year | 2022-12-31 | $5,348,592 |
| Value of total assets at beginning of year | 2022-12-31 | $5,354,341 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $1,394 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $459,782 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $459,782 |
| Administrative expenses professional fees incurred | 2022-12-31 | $1,394 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $231,006 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-5,749 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $5,348,592 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $5,354,341 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $5,145,907 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $5,145,464 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $202,685 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $208,877 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-791,714 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $155,284 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $58,713 |
| Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | ARMANINO, LLP |
| Accountancy firm EIN | 2022-12-31 | 946214841 |
| Total expenses incurred by plan in this plan year | 2022-10-11 | 127163 |
| Net assets as of the end of the plan year | 2022-10-11 | 5354341 |
| Total assets as of the beginning of the plan year | 2022-10-11 | 4244542 |
| Value of plan covered by a fidelity bond | 2022-10-11 | 400000 |
| Participant contributions to plan in this plan year | 2022-10-11 | 203701 |
| Other contributions to plan in this plan year | 2022-10-11 | 36153 |
| Other income to plan in this plan year | 2022-10-11 | 897799 |
| Plan net income in this plan year | 2022-10-11 | 1109799 |
| Net assets as of the end of the plan year | 2022-10-11 | 5354341 |
| Net assets as of the beginning of the plan year | 2022-10-11 | 4244542 |
| Employer contributions to plan in this plan year | 2022-10-11 | 99309 |
| Fees paid to broker by Benefit Provider | 2022-10-11 | 11927 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-10-11 | 11354 |
| Total income from all sources (including contributions) | 2022-01-01 | $54,358 |
| Total of all expenses incurred | 2022-01-01 | $60,107 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $58,713 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $386,290 |
| Value of total assets at end of year | 2022-01-01 | $5,348,592 |
| Value of total assets at beginning of year | 2022-01-01 | $5,354,341 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $1,394 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $459,782 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $459,782 |
| Administrative expenses professional fees incurred | 2022-01-01 | $1,394 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $231,006 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-5,749 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $5,348,592 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $5,354,341 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $5,145,907 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $5,145,464 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-01-01 | $202,685 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-01-01 | $208,877 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-791,714 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $155,284 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $58,713 |
| Did the plan have assets held for investment | 2022-01-01 | 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 | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | ARMANINO, LLP |
| Accountancy firm EIN | 2022-01-01 | 946214841 |
| 2009 : UTG, INC. 401K PLAN 2009 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |
