SUMMIT BIOSCIENCES, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SUMMIT BIOSCIENCES 401(K) PLAN
| Measure | Date | Value |
|---|
| 2022 : SUMMIT BIOSCIENCES 401(K) PLAN 2022 401k financial data |
|---|
| Total income from all sources (including contributions) | 2022-12-31 | $364,147 |
| Total of all expenses incurred | 2022-12-31 | $172,762 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $142,794 |
| Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $19,245 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $968,772 |
| Value of total assets at end of year | 2022-12-31 | $3,673,063 |
| Value of total assets at beginning of year | 2022-12-31 | $3,481,678 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $10,723 |
| Total interest from all sources | 2022-12-31 | $4,704 |
| 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 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $0 |
| Administrative expenses professional fees incurred | 2022-12-31 | $10,723 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $385,000 |
| 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 | $561,861 |
| Participant contributions at end of year | 2022-12-31 | $105,366 |
| Participant contributions at beginning of year | 2022-12-31 | $87,167 |
| Participant contributions at end of year | 2022-12-31 | $0 |
| Participant contributions at beginning of year | 2022-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $155,542 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $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 | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $191,385 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $3,673,063 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $3,481,678 |
| 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 pooled separate accounts at end of year | 2022-12-31 | $3,385,258 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $3,207,956 |
| Interest on participant loans | 2022-12-31 | $4,704 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $174,517 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $179,901 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-12-31 | $0 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-609,329 |
| 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 | $251,369 |
| Employer contributions (assets) at end of year | 2022-12-31 | $7,922 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $6,654 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $142,794 |
| 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 | STROTHMAN AND COMPANY |
| Accountancy firm EIN | 2022-12-31 | 611191655 |
| 2021 : SUMMIT BIOSCIENCES 401(K) PLAN 2021 401k financial data |
|---|
| Total income from all sources (including contributions) | 2021-12-31 | $1,373,218 |
| Total of all expenses incurred | 2021-12-31 | $297,120 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $286,620 |
| Expenses. Certain deemed distributions of participant loans | 2021-12-31 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $923,606 |
| Value of total assets at end of year | 2021-12-31 | $3,481,678 |
| Value of total assets at beginning of year | 2021-12-31 | $2,405,580 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $10,500 |
| Total interest from all sources | 2021-12-31 | $2,741 |
| 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 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $0 |
| Administrative expenses professional fees incurred | 2021-12-31 | $10,500 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $385,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $542,693 |
| Participant contributions at end of year | 2021-12-31 | $87,167 |
| Participant contributions at beginning of year | 2021-12-31 | $36,782 |
| Participant contributions at end of year | 2021-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $162,534 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $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 | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $1,076,098 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $3,481,678 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $2,405,580 |
| 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 |
| Value of interest in pooled separate accounts at end of year | 2021-12-31 | $3,207,956 |
| Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $2,272,107 |
| Interest on participant loans | 2021-12-31 | $2,741 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $179,901 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $90,636 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2021-12-31 | $0 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $446,871 |
| 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 | $218,379 |
| Employer contributions (assets) at end of year | 2021-12-31 | $6,654 |
| Employer contributions (assets) at beginning of year | 2021-12-31 | $6,055 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $286,620 |
| 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 | STROTHMAN AND COMPANY |
| Accountancy firm EIN | 2021-12-31 | 611191655 |
