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SOKAL MEDIA GROUP, INC. 401(K) PLAN 401k Plan overview

Plan NameSOKAL MEDIA GROUP, INC. 401(K) PLAN
Plan identification number 001

SOKAL MEDIA GROUP, INC. 401(K) PLAN 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.
  • 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

SOKAL MEDIA GROUP has sponsored the creation of one or more 401k plans.

Company Name:SOKAL MEDIA GROUP
Employer identification number (EIN):271368650
NAIC Classification:541800

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOKAL MEDIA GROUP, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01APRIL SAFAR2019-05-07
0012017-01-01APRIL SAFAR2018-08-20
0012016-01-01APRIL SAFAR2017-07-06
0012016-01-01APRIL SAFAR2018-08-20
0012015-01-01APRIL SAFAR2016-08-23
0012014-01-01APRIL SAFAR2015-10-13
0012013-01-01APRIL SAFAR2014-10-03
0012012-01-01APRIL SAFAR2013-10-14
0012011-06-01APRIL SAFAR2012-07-25

Plan Statistics for SOKAL MEDIA GROUP, INC. 401(K) PLAN

401k plan membership statisitcs for SOKAL MEDIA GROUP, INC. 401(K) PLAN

Measure Date Value
2022: SOKAL MEDIA GROUP, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01140
Total number of active participants reported on line 7a of the Form 55002022-01-01135
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0123
Total of all active and inactive participants2022-01-01158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01158
Number of participants with account balances2022-01-01116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: SOKAL MEDIA GROUP, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01128
Total number of active participants reported on line 7a of the Form 55002021-01-01112
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0127
Total of all active and inactive participants2021-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01139
Number of participants with account balances2021-01-01119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-013
2020: SOKAL MEDIA GROUP, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01128
Total number of active participants reported on line 7a of the Form 55002020-01-01110
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0119
Total of all active and inactive participants2020-01-01129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01129
Number of participants with account balances2020-01-01116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
2019: SOKAL MEDIA GROUP, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01126
Total number of active participants reported on line 7a of the Form 55002019-01-01110
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0120
Total of all active and inactive participants2019-01-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01130
Number of participants with account balances2019-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013

Financial Data on SOKAL MEDIA GROUP, INC. 401(K) PLAN

Measure Date Value
2022 : SOKAL MEDIA GROUP, INC. 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$86,069
Total of all expenses incurred2022-12-31$360,449
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$357,121
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$758,817
Value of total assets at end of year2022-12-31$3,082,662
Value of total assets at beginning of year2022-12-31$3,357,042
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$3,328
Total interest from all sources2022-12-31$3,001
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$119,972
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$119,972
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$300,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$448,023
Participant contributions at end of year2022-12-31$82,605
Participant contributions at beginning of year2022-12-31$80,729
Participant contributions at end of year2022-12-31$14,563
Participant contributions at beginning of year2022-12-31$13,422
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$70,584
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$90
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$109
Administrative expenses (other) incurred2022-12-31$373
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-274,380
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,082,662
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$3,357,042
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$2,970,029
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$3,250,816
Interest on participant loans2022-12-31$2,954
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$7,688
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$10,393
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$10,393
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$47
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-795,721
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$240,210
Employer contributions (assets) at end of year2022-12-31$7,687
Employer contributions (assets) at beginning of year2022-12-31$1,573
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$357,121
Contract administrator fees2022-12-31$2,955
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PKR O'CONNOR DAVIES, LLP
Accountancy firm EIN2022-12-31271728945
2021 : SOKAL MEDIA GROUP, INC. 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$1,011,295
Total of all expenses incurred2021-12-31$320,304
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$318,040
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$558,780
Value of total assets at end of year2021-12-31$3,357,042
Value of total assets at beginning of year2021-12-31$2,666,051
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$2,264
Total interest from all sources2021-12-31$1,354
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$170,292
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$170,292
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$300,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$326,801
Participant contributions at end of year2021-12-31$80,729
Participant contributions at beginning of year2021-12-31$1,315
Participant contributions at end of year2021-12-31$13,422
Participant contributions at beginning of year2021-12-31$16,796
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$109
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Administrative expenses (other) incurred2021-12-31$37
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$690,991
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,357,042
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,666,051
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$3,250,816
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,625,600
Interest on participant loans2021-12-31$1,344
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$10,393
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$12,302
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$12,302
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$10
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$280,869
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$231,979
Employer contributions (assets) at end of year2021-12-31$1,573
Employer contributions (assets) at beginning of year2021-12-31$10,038
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$318,040
Contract administrator fees2021-12-31$2,227
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PKR O'CONNOR DAVIES, LLP
Accountancy firm EIN2021-12-31271728945
2020 : SOKAL MEDIA GROUP, INC. 401(K) PLAN 2020 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$4,261
Total income from all sources (including contributions)2020-12-31$985,470
Total of all expenses incurred2020-12-31$507,563
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$505,476
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$488,110
Value of total assets at end of year2020-12-31$2,666,051
Value of total assets at beginning of year2020-12-31$2,192,405
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$2,087
Total interest from all sources2020-12-31$179
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$105,110
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$105,110
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$300,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$275,327
Participant contributions at end of year2020-12-31$1,315
Participant contributions at beginning of year2020-12-31$0
Participant contributions at end of year2020-12-31$16,796
Participant contributions at beginning of year2020-12-31$18,569
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$4,261
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$477,907
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,666,051
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,188,144
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$2,625,600
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$2,162,402
Interest on participant loans2020-12-31$179
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$12,302
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$3,391
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$3,391
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$392,071
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$212,783
Employer contributions (assets) at end of year2020-12-31$10,038
Employer contributions (assets) at beginning of year2020-12-31$8,043
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$505,476
Contract administrator fees2020-12-31$2,087
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31PKR O'CONNOR DAVIES, LLP
Accountancy firm EIN2020-12-31271728945
2019 : SOKAL MEDIA GROUP, INC. 401(K) PLAN 2019 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$4,261
Total income from all sources (including contributions)2019-12-31$830,234
Total of all expenses incurred2019-12-31$79,223
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$75,938
Expenses. Certain deemed distributions of participant loans2019-12-31$1,767
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$431,996
Value of total assets at end of year2019-12-31$2,192,405
Value of total assets at beginning of year2019-12-31$1,437,133
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,518
Total interest from all sources2019-12-31$22
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$87,173
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$87,173
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$250,000
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
Contributions received from participants2019-12-31$231,339
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$2,323
Participant contributions at end of year2019-12-31$18,569
Participant contributions at beginning of year2019-12-31$16,731
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$866
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$4,261
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$751,011
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,188,144
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,437,133
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,162,402
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,403,139
Interest on participant loans2019-12-31$22
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$3,391
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$7,744
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$7,744
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$311,043
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
Contributions received in cash from employer2019-12-31$200,657
Employer contributions (assets) at end of year2019-12-31$8,043
Employer contributions (assets) at beginning of year2019-12-31$6,330
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$75,938
Contract administrator fees2019-12-31$1,518
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PKF O'CONNOR DAVIES, LLP
Accountancy firm EIN2019-12-31271728945

Form 5500 Responses for SOKAL MEDIA GROUP, INC. 401(K) PLAN

2022: SOKAL MEDIA GROUP, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SOKAL MEDIA GROUP, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SOKAL MEDIA GROUP, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SOKAL MEDIA GROUP, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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