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SCHI 401(K) PLAN 401k Plan overview

Plan NameSCHI 401(K) PLAN
Plan identification number 001

SCHI 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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.

401k Sponsoring company profile

SCHOOL FOR CHILDREN WITH HIDDEN INTELLIGENCE has sponsored the creation of one or more 401k plans.

Company Name:SCHOOL FOR CHILDREN WITH HIDDEN INTELLIGENCE
Employer identification number (EIN):223301312
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCHI 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-07-01
0012023-07-01ARI EHRLICH
0012022-07-01
0012022-07-01ARI EHRLICH
0012022-04-01
0012022-04-01ARI EHRLICH

Financial Data on SCHI 401(K) PLAN

Measure Date Value
2024 : SCHI 401(K) PLAN 2024 401k financial data
Total income from all sources (including contributions)2024-06-30$1,539,743
Total of all expenses incurred2024-06-30$82,443
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2024-06-30$79,476
Total contributions o plan (from employers,participants, others, non cash contrinutions)2024-06-30$1,235,214
Value of total assets at end of year2024-06-30$2,819,787
Value of total assets at beginning of year2024-06-30$1,362,487
Total of administrative expenses incurred including professional, contract, advisory and management fees2024-06-30$2,967
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2024-06-30No
Was this plan covered by a fidelity bond2024-06-30Yes
Value of fidelity bond cover2024-06-30$281,979
If this is an individual account plan, was there a blackout period2024-06-30No
Were there any nonexempt tranactions with any party-in-interest2024-06-30No
Contributions received from participants2024-06-30$745,853
Participant contributions at end of year2024-06-30$38,613
Participant contributions at beginning of year2024-06-30$35,975
Income. Received or receivable in cash from other sources (including rollovers)2024-06-30$15,766
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2024-06-30No
Value of net income/loss2024-06-30$1,457,300
Value of net assets at end of year (total assets less liabilities)2024-06-30$2,819,787
Value of net assets at beginning of year (total assets less liabilities)2024-06-30$1,362,487
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2024-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2024-06-30No
Were any leases to which the plan was party in default or uncollectible2024-06-30No
Value of interest in pooled separate accounts at end of year2024-06-30$2,673,767
Value of interest in pooled separate accounts at beginning of year2024-06-30$1,256,926
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2024-06-30$83,383
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2024-06-30$45,997
Net investment gain/loss from registered investment companies (e.g. mutual funds)2024-06-30$304,529
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2024-06-30No
Was there a failure to transmit to the plan any participant contributions2024-06-30No
Has the plan failed to provide any benefit when due under the plan2024-06-30No
Contributions received in cash from employer2024-06-30$473,595
Employer contributions (assets) at end of year2024-06-30$24,024
Employer contributions (assets) at beginning of year2024-06-30$23,589
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2024-06-30$79,476
Contract administrator fees2024-06-30$2,967
Did the plan have assets held for investment2024-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2024-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2024-06-30No
Opinion of an independent qualified public accountant for this plan2024-06-30Unqualified
Accountancy firm name2024-06-30FASTEN HALBERSTAM LLP
Accountancy firm EIN2024-06-30472319109
2023 : SCHI 401(K) PLAN 2023 401k financial data
Total income from all sources (including contributions)2023-07-01$1,539,743
Total of all expenses incurred2023-07-01$82,443
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-07-01$79,476
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-07-01$1,235,214
Value of total assets at end of year2023-07-01$2,819,787
Value of total assets at beginning of year2023-07-01$1,362,487
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-07-01$2,967
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-07-01No
Was this plan covered by a fidelity bond2023-07-01Yes
Value of fidelity bond cover2023-07-01$281,979
If this is an individual account plan, was there a blackout period2023-07-01No
Were there any nonexempt tranactions with any party-in-interest2023-07-01No
Contributions received from participants2023-07-01$745,853
Participant contributions at end of year2023-07-01$38,613
Participant contributions at beginning of year2023-07-01$35,975
Income. Received or receivable in cash from other sources (including rollovers)2023-07-01$15,766
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-07-01No
Value of net income/loss2023-07-01$1,457,300
Value of net assets at end of year (total assets less liabilities)2023-07-01$2,819,787
Value of net assets at beginning of year (total assets less liabilities)2023-07-01$1,362,487
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-07-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-07-01No
Were any leases to which the plan was party in default or uncollectible2023-07-01No
Value of interest in pooled separate accounts at end of year2023-07-01$2,673,767
Value of interest in pooled separate accounts at beginning of year2023-07-01$1,256,926
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-07-01$83,383
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-07-01$45,997
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-07-01$304,529
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-07-01No
Was there a failure to transmit to the plan any participant contributions2023-07-01No
Has the plan failed to provide any benefit when due under the plan2023-07-01No
Contributions received in cash from employer2023-07-01$473,595
Employer contributions (assets) at end of year2023-07-01$24,024
Employer contributions (assets) at beginning of year2023-07-01$23,589
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-07-01$79,476
Contract administrator fees2023-07-01$2,967
Did the plan have assets held for investment2023-07-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-07-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-07-01No
Opinion of an independent qualified public accountant for this plan2023-07-011
Accountancy firm name2023-07-01FASTEN HALBERSTAM LLP
Accountancy firm EIN2023-07-01472319109
Total income from all sources (including contributions)2023-06-30$1,167,679
Total of all expenses incurred2023-06-30$68,535
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-06-30$67,092
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-06-30$1,062,697
Value of total assets at end of year2023-06-30$1,362,487
Value of total assets at beginning of year2023-06-30$263,343
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-06-30$1,443
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-06-30No
Was this plan covered by a fidelity bond2023-06-30Yes
Value of fidelity bond cover2023-06-30$136,249
If this is an individual account plan, was there a blackout period2023-06-30No
Were there any nonexempt tranactions with any party-in-interest2023-06-30No
Contributions received from participants2023-06-30$649,460
Participant contributions at end of year2023-06-30$35,975
Participant contributions at beginning of year2023-06-30$20,585
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-06-30No
Value of net income/loss2023-06-30$1,099,144
Value of net assets at end of year (total assets less liabilities)2023-06-30$1,362,487
Value of net assets at beginning of year (total assets less liabilities)2023-06-30$263,343
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2023-06-30No
Were any leases to which the plan was party in default or uncollectible2023-06-30No
Value of interest in pooled separate accounts at end of year2023-06-30$1,256,926
Value of interest in pooled separate accounts at beginning of year2023-06-30$219,473
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-06-30$45,997
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-06-30$10,002
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-06-30$104,982
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-06-30No
Was there a failure to transmit to the plan any participant contributions2023-06-30No
Has the plan failed to provide any benefit when due under the plan2023-06-30No
Contributions received in cash from employer2023-06-30$413,237
Employer contributions (assets) at end of year2023-06-30$23,589
Employer contributions (assets) at beginning of year2023-06-30$13,283
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-06-30$67,092
Contract administrator fees2023-06-30$1,443
Did the plan have assets held for investment2023-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-06-30No
Opinion of an independent qualified public accountant for this plan2023-06-30Unqualified
Accountancy firm name2023-06-30FASTEN HALBERSTAM LLP
Accountancy firm EIN2023-06-30472319109
2022 : SCHI 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-07-01$1,167,679
Total of all expenses incurred2022-07-01$68,535
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-07-01$67,092
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-07-01$1,062,697
Value of total assets at end of year2022-07-01$1,362,487
Value of total assets at beginning of year2022-07-01$263,343
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-07-01$1,443
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-07-01No
Was this plan covered by a fidelity bond2022-07-01Yes
Value of fidelity bond cover2022-07-01$136,249
If this is an individual account plan, was there a blackout period2022-07-01No
Were there any nonexempt tranactions with any party-in-interest2022-07-01No
Contributions received from participants2022-07-01$649,460
Participant contributions at end of year2022-07-01$35,975
Participant contributions at beginning of year2022-07-01$20,585
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-07-01No
Value of net income/loss2022-07-01$1,099,144
Value of net assets at end of year (total assets less liabilities)2022-07-01$1,362,487
Value of net assets at beginning of year (total assets less liabilities)2022-07-01$263,343
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-07-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-07-01No
Were any leases to which the plan was party in default or uncollectible2022-07-01No
Value of interest in pooled separate accounts at end of year2022-07-01$1,256,926
Value of interest in pooled separate accounts at beginning of year2022-07-01$219,473
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-07-01$45,997
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-07-01$10,002
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-07-01$104,982
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-07-01No
Was there a failure to transmit to the plan any participant contributions2022-07-01No
Has the plan failed to provide any benefit when due under the plan2022-07-01No
Contributions received in cash from employer2022-07-01$413,237
Employer contributions (assets) at end of year2022-07-01$23,589
Employer contributions (assets) at beginning of year2022-07-01$13,283
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-07-01$67,092
Contract administrator fees2022-07-01$1,443
Did the plan have assets held for investment2022-07-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-07-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-07-01No
Opinion of an independent qualified public accountant for this plan2022-07-011
Accountancy firm name2022-07-01FASTEN HALBERSTAM LLP
Accountancy firm EIN2022-07-01472319109
Total income from all sources (including contributions)2022-06-30$263,343
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-06-30$278,606
Value of total assets at end of year2022-06-30$263,343
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-06-30No
Was this plan covered by a fidelity bond2022-06-30No
If this is an individual account plan, was there a blackout period2022-06-30No
Were there any nonexempt tranactions with any party-in-interest2022-06-30No
Contributions received from participants2022-06-30$172,755
Participant contributions at end of year2022-06-30$20,585
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-06-30No
Value of net income/loss2022-06-30$263,343
Value of net assets at end of year (total assets less liabilities)2022-06-30$263,343
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2022-06-30No
Were any leases to which the plan was party in default or uncollectible2022-06-30No
Value of interest in pooled separate accounts at end of year2022-06-30$229,475
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-06-30$-15,263
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-06-30No
Was there a failure to transmit to the plan any participant contributions2022-06-30No
Has the plan failed to provide any benefit when due under the plan2022-06-30No
Contributions received in cash from employer2022-06-30$105,851
Employer contributions (assets) at end of year2022-06-30$13,283
Did the plan have assets held for investment2022-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-06-30No

Form 5500 Responses for SCHI 401(K) PLAN

2023: SCHI 401(K) PLAN 2023 form 5500 responses
2023-07-01Type of plan entitySingle employer plan
2023-07-01Plan funding arrangement – InsuranceYes
2023-07-01Plan funding arrangement – TrustYes
2023-07-01Plan benefit arrangement – InsuranceYes
2023-07-01Plan benefit arrangement - TrustYes
2022: SCHI 401(K) PLAN 2022 form 5500 responses
2022-07-01Type of plan entitySingle employer plan
2022-07-01Plan funding arrangement – InsuranceYes
2022-07-01Plan funding arrangement – TrustYes
2022-07-01Plan benefit arrangement – InsuranceYes
2022-07-01Plan benefit arrangement - TrustYes
2022-04-01Type of plan entitySingle employer plan
2022-04-01First time form 5500 has been submittedYes
2022-04-01This return/report is a short plan year return/report (less than 12 months)Yes
2022-04-01Plan funding arrangement – InsuranceYes
2022-04-01Plan funding arrangement – TrustYes
2022-04-01Plan benefit arrangement – InsuranceYes
2022-04-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81K381
Policy instance 1
Insurance contract or identification number81K381
Number of Individuals Covered204
Insurance policy start date2023-07-01
Insurance policy end date2024-06-30
Total amount of commissions paid to insurance brokerUSD $9,428
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81K381
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81K381
Policy instance 1

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