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DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST 401k Plan overview

Plan NameDIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST
Plan identification number 001

DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST 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.
  • Plan covering Self-Employed individuals.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

DIGITAL CURRENCY SYSTEMS HOLDINGS, LLC has sponsored the creation of one or more 401k plans.

Company Name:DIGITAL CURRENCY SYSTEMS HOLDINGS, LLC
Employer identification number (EIN):203189262
NAIC Classification:541511
NAIC Description:Custom Computer Programming Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01KIM PAGE2023-07-06
0012021-01-01KIM PAGE2022-07-19
0012020-01-01KIM PAGE2021-06-09
0012019-01-01TODD GAGERMAN2020-07-10
0012018-01-01TODD GAGERMAN2019-07-19
0012017-01-01TODD GAGERMAN2018-05-10
0012016-01-01TODD GAGERMAN2017-07-25
0012015-01-01TODD GAGERMAN
0012014-01-01TODD GAGERMAN

Plan Statistics for DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST

401k plan membership statisitcs for DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST

Measure Date Value
2015: DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-0118
Total number of active participants reported on line 7a of the Form 55002015-01-0115
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-012
Total of all active and inactive participants2015-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0117
Number of participants with account balances2015-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011
2014: DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-0119
Total number of active participants reported on line 7a of the Form 55002014-01-0115
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-013
Total of all active and inactive participants2014-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0118
Number of participants with account balances2014-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST

Measure Date Value
2015 : DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST 2015 401k financial data
Total income from all sources2015-12-31$62,746
Expenses. Total of all expenses incurred2015-12-31$42,951
Benefits paid (including direct rollovers)2015-12-31$35,735
Total plan assets at end of year2015-12-31$710,935
Total plan assets at beginning of year2015-12-31$691,140
Value of fidelity bond covering the plan2015-12-31$90,000
Total contributions received or receivable from participants2015-12-31$60,977
Other income received2015-12-31$-8,646
Net income (gross income less expenses)2015-12-31$19,795
Net plan assets at end of year (total assets less liabilities)2015-12-31$710,935
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$691,140
Assets. Value of participant loans2015-12-31$20,222
Total contributions received or receivable from employer(s)2015-12-31$10,415
Value of certain deemed distributions of participant loans2015-12-31$7,216
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST 2014 401k financial data
Total income from all sources2014-12-31$99,107
Expenses. Total of all expenses incurred2014-12-31$51,814
Benefits paid (including direct rollovers)2014-12-31$44,650
Total plan assets at end of year2014-12-31$691,140
Total plan assets at beginning of year2014-12-31$643,847
Value of fidelity bond covering the plan2014-12-31$75,000
Total contributions received or receivable from participants2014-12-31$56,979
Other income received2014-12-31$32,721
Net income (gross income less expenses)2014-12-31$47,293
Net plan assets at end of year (total assets less liabilities)2014-12-31$691,140
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$643,847
Assets. Value of participant loans2014-12-31$14,991
Total contributions received or receivable from employer(s)2014-12-31$9,407
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$7,164
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0

Form 5500 Responses for DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST

2015: DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST 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 – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: DIGITAL CURRENCY SYSTEMS HOLDINGS 401(K) RETIREMENT SAVINGS PLAN & TRUST 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 – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number35576
Policy instance 1
Insurance contract or identification number35576
Number of Individuals Covered13
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $3,543
Total amount of fees paid to insurance companyUSD $606
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,543
Insurance broker organization code?3
Amount paid for insurance broker fees606
Additional information about fees paid to insurance brokerTHIRD PARTY ADMINISTRATIVE FEE
Insurance broker nameHUNTER BENEFITS CONSULTING GROUP
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number35576
Policy instance 1
Insurance contract or identification number35576
Number of Individuals Covered16
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $3,356
Total amount of fees paid to insurance companyUSD $436
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,356
Insurance broker organization code?3
Amount paid for insurance broker fees436
Additional information about fees paid to insurance brokerTHIRD PARTY ADMINISTRATIVE FEE
Insurance broker nameHUNTER BENEFITS CONSULTING GROUP

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