SUMMA GROUP, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SUMMA GROUP RETIREMENT SAVINGS PLAN
| Measure | Date | Value |
|---|
| 2022 : SUMMA GROUP RETIREMENT SAVINGS PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $2,253 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $1,981 |
| Total income from all sources (including contributions) | 2022-12-31 | $-493,663 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $1,189,428 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,125,077 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,146,224 |
| Value of total assets at end of year | 2022-12-31 | $9,659,139 |
| Value of total assets at beginning of year | 2022-12-31 | $11,341,958 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $64,351 |
| Total interest from all sources | 2022-12-31 | $25,824 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Administrative expenses professional fees incurred | 2022-12-31 | $10,977 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $837,194 |
| Participant contributions at end of year | 2022-12-31 | $434,264 |
| Participant contributions at beginning of year | 2022-12-31 | $506,214 |
| Liabilities. Value of operating payables at end of year | 2022-12-31 | $2,253 |
| Liabilities. Value of operating payables at beginning of year | 2022-12-31 | $1,981 |
| Total non interest bearing cash at end of year | 2022-12-31 | $2,253 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $1,981 |
| 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 | $-1,683,091 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $9,656,886 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $11,339,977 |
| 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 |
| Investment advisory and management fees | 2022-12-31 | $42,085 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $8,169,585 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $10,032,875 |
| Interest on participant loans | 2022-12-31 | $20,522 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $1,053,037 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $805,548 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $805,548 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $5,302 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,665,711 |
| 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 | $309,030 |
| Employer contributions (assets) at end of year | 2022-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $-4,660 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $1,125,077 |
| Contract administrator fees | 2022-12-31 | $11,289 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | Yes |
| 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 | PANNELL KERR FORSTER OF TEXAS P.C. |
| Accountancy firm EIN | 2022-12-31 | 760356844 |
| 2021 : SUMMA GROUP RETIREMENT SAVINGS PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $1,981 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $42,045 |
| Total income from all sources (including contributions) | 2021-12-31 | $2,465,332 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $1,888,870 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $1,754,571 |
| Expenses. Certain deemed distributions of participant loans | 2021-12-31 | $89,309 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,118,530 |
| Value of total assets at end of year | 2021-12-31 | $11,341,958 |
| Value of total assets at beginning of year | 2021-12-31 | $10,805,560 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $44,990 |
| Total interest from all sources | 2021-12-31 | $31,193 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Administrative expenses professional fees incurred | 2021-12-31 | $4,310 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | Yes |
| 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 | $878,576 |
| Participant contributions at end of year | 2021-12-31 | $506,214 |
| Participant contributions at beginning of year | 2021-12-31 | $600,939 |
| Participant contributions at end of year | 2021-12-31 | $0 |
| Participant contributions at beginning of year | 2021-12-31 | $25,778 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $0 |
| Liabilities. Value of operating payables at end of year | 2021-12-31 | $1,981 |
| Liabilities. Value of operating payables at beginning of year | 2021-12-31 | $42,045 |
| Total non interest bearing cash at end of year | 2021-12-31 | $1,981 |
| Total non interest bearing cash at beginning of year | 2021-12-31 | $42,045 |
| 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 | $576,462 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $11,339,977 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $10,763,515 |
| 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 |
| Investment advisory and management fees | 2021-12-31 | $34,411 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $10,032,875 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $9,170,754 |
| Interest on participant loans | 2021-12-31 | $30,644 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $805,548 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $966,044 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $966,044 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $549 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $1,315,609 |
| 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 | $239,954 |
| Employer contributions (assets) at end of year | 2021-12-31 | $-4,660 |
| Employer contributions (assets) at beginning of year | 2021-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $1,754,571 |
| Contract administrator fees | 2021-12-31 | $6,269 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2021-12-31 | Yes |
| 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 | Unqualified |
| Accountancy firm name | 2021-12-31 | PANNELL KERR FORSTER OF TEXAS P.C. |
| Accountancy firm EIN | 2021-12-31 | 760356844 |
| 2020 : SUMMA GROUP RETIREMENT SAVINGS PLAN 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $42,045 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total income from all sources (including contributions) | 2020-12-31 | $2,752,694 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $1,715,151 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,632,897 |
| Value of total corrective distributions | 2020-12-31 | $4,782 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,419,979 |
| Value of total assets at end of year | 2020-12-31 | $10,805,560 |
| Value of total assets at beginning of year | 2020-12-31 | $9,725,972 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $77,472 |
| Total interest from all sources | 2020-12-31 | $28,311 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $75,367 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $75,367 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $100,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $960,576 |
| Participant contributions at end of year | 2020-12-31 | $600,939 |
| Participant contributions at beginning of year | 2020-12-31 | $426,782 |
| Participant contributions at end of year | 2020-12-31 | $25,778 |
| Participant contributions at beginning of year | 2020-12-31 | $23,446 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $331,897 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $3,669 |
| Liabilities. Value of operating payables at end of year | 2020-12-31 | $42,045 |
| Liabilities. Value of operating payables at beginning of year | 2020-12-31 | $0 |
| Total non interest bearing cash at end of year | 2020-12-31 | $42,045 |
| Total non interest bearing cash at beginning of year | 2020-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $1,037,543 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $10,763,515 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $9,725,972 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Investment advisory and management fees | 2020-12-31 | $14,149 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $9,170,754 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $9,262,144 |
| Interest on participant loans | 2020-12-31 | $28,283 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $966,044 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $28 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $1,229,037 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $127,506 |
| Employer contributions (assets) at end of year | 2020-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2020-12-31 | $9,931 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $1,632,897 |
| Contract administrator fees | 2020-12-31 | $63,323 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2020-12-31 | Yes |
| Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
| Accountancy firm name | 2020-12-31 | PANNELL KERR FORSTER OF TEXAS P.C. |
| Accountancy firm EIN | 2020-12-31 | 760356844 |
| 2019 : SUMMA GROUP RETIREMENT SAVINGS PLAN 2019 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
| Total transfer of assets to this plan | 2019-12-31 | $7,642,085 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total income from all sources (including contributions) | 2019-12-31 | $2,713,771 |
| Total loss/gain on sale of assets | 2019-12-31 | $0 |
| Total of all expenses incurred | 2019-12-31 | $629,884 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $578,206 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $1,878,110 |
| Value of total assets at end of year | 2019-12-31 | $9,725,972 |
| Value of total assets at beginning of year | 2019-12-31 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $51,678 |
| Total interest from all sources | 2019-12-31 | $21,957 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $176,834 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $176,834 |
| Was this plan covered by a fidelity bond | 2019-12-31 | No |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $1,282,190 |
| Participant contributions at end of year | 2019-12-31 | $426,782 |
| Participant contributions at end of year | 2019-12-31 | $23,446 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $115,449 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $3,669 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $2,083,887 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $9,725,972 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $0 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Investment advisory and management fees | 2019-12-31 | $9,408 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $9,262,144 |
| Interest on participant loans | 2019-12-31 | $21,957 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $636,870 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Contributions received in cash from employer | 2019-12-31 | $480,471 |
| Employer contributions (assets) at end of year | 2019-12-31 | $9,931 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $578,206 |
| Contract administrator fees | 2019-12-31 | $42,270 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2019-12-31 | Yes |
| Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Accountancy firm name | 2019-12-31 | PFK OF TEXAS, P.C. |
| Accountancy firm EIN | 2019-12-31 | 760356844 |
