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JRM CONSTRUCTION MANAGEMENT EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameJRM CONSTRUCTION MANAGEMENT EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 004

JRM CONSTRUCTION MANAGEMENT EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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

JRM CONSTRUCTION MANAGEMENT has sponsored the creation of one or more 401k plans.

Company Name:JRM CONSTRUCTION MANAGEMENT
Employer identification number (EIN):208783504
NAIC Classification:236110

Additional information about JRM CONSTRUCTION MANAGEMENT

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2007-04-03
Company Identification Number: 3498463
Legal Registered Office Address: 242 WEST 36TH STREET
11TH FLOOR
NEW YORK
United States of America (USA)
10018

More information about JRM CONSTRUCTION MANAGEMENT

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JRM CONSTRUCTION MANAGEMENT EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042019-01-01
0042018-08-03JOSEPH ROMANO2019-09-26
0042018-08-03

Financial Data on JRM CONSTRUCTION MANAGEMENT EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2019 : JRM CONSTRUCTION MANAGEMENT EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$37,117,118
Total unrealized appreciation/depreciation of assets2019-12-31$37,117,118
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$122,834,457
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$125,048,565
Expenses. Interest paid2019-12-31$6,325,140
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022019-12-31$6,325,140
Total income from all sources (including contributions)2019-12-31$43,884,924
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$6,325,140
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$6,767,806
Value of total assets at end of year2019-12-31$89,029,407
Value of total assets at beginning of year2019-12-31$53,683,731
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$0
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$2,000,000
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
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$5,774,741
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$48,565
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$37,559,784
Value of net assets at end of year (total assets less liabilities)2019-12-31$-33,805,050
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$-71,364,834
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 leases to which the plan was party in default or uncollectible2019-12-31No
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
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$82,812,000
Assets. Invements in employer securities at beginning of year2019-12-31$47,124,000
Contributions received in cash from employer2019-12-31$6,767,806
Employer contributions (assets) at end of year2019-12-31$6,217,407
Employer contributions (assets) at beginning of year2019-12-31$6,559,731
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
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Liabilities. Value of acquisition indebtedness at end of year2019-12-31$117,059,716
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$125,000,000
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31GRASSI & CO., CPAS, P.C.
Accountancy firm EIN2019-12-31113266576
2018 : JRM CONSTRUCTION MANAGEMENT EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-76,446,883
Total unrealized appreciation/depreciation of assets2018-12-31$-76,446,883
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$127,661,079
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Expenses. Interest paid2018-12-31$4,090,196
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022018-12-31$4,090,196
Total income from all sources (including contributions)2018-12-31$-69,887,152
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$4,090,196
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$6,559,731
Value of total assets at end of year2018-12-31$53,683,731
Value of total assets at beginning of year2018-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$0
Total interest from all sources2018-12-31$0
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
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$2,000,000
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
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$4,090,196
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-73,977,348
Value of net assets at end of year (total assets less liabilities)2018-12-31$-73,977,348
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$0
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
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
Assets. Invements in employer securities at end of year2018-12-31$47,124,000
Assets. Invements in employer securities at beginning of year2018-12-31$0
Contributions received in cash from employer2018-12-31$6,559,731
Employer contributions (assets) at end of year2018-12-31$6,559,731
Employer contributions (assets) at beginning of year2018-12-31$0
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
Liabilities. Value of acquisition indebtedness at end of year2018-12-31$123,570,883
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$0

Form 5500 Responses for JRM CONSTRUCTION MANAGEMENT EMPLOYEE STOCK OWNERSHIP PLAN

2019: JRM CONSTRUCTION MANAGEMENT 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: JRM CONSTRUCTION MANAGEMENT EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-08-03Type of plan entitySingle employer plan
2018-08-03First time form 5500 has been submittedYes
2018-08-03Submission has been amendedNo
2018-08-03This submission is the final filingNo
2018-08-03This return/report is a short plan year return/report (less than 12 months)Yes
2018-08-03Plan is a collectively bargained planNo
2018-08-03Plan funding arrangement – TrustYes
2018-08-03Plan benefit arrangement - TrustYes

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