APPLIED BUSINESS SOLUTIONS has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2022 : ABS RETIREMENT SAVINGS PLAN 2022 401k financial data |
|---|
| Total transfer of assets to this plan | 2022-12-31 | $340,124 |
| Total income from all sources (including contributions) | 2022-12-31 | $1,584,015 |
| Total of all expenses incurred | 2022-12-31 | $1,174,672 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,015,277 |
| Value of total corrective distributions | 2022-12-31 | $21,724 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $3,061,507 |
| Value of total assets at end of year | 2022-12-31 | $11,357,314 |
| Value of total assets at beginning of year | 2022-12-31 | $10,607,847 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $137,671 |
| Total interest from all sources | 2022-12-31 | $7,055 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $283,280 |
| 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 | $294,980 |
| 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 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $1,788,860 |
| Participant contributions at end of year | 2022-12-31 | $213,037 |
| Participant contributions at beginning of year | 2022-12-31 | $138,872 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $465,182 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2022-12-31 | $317,108 |
| Other income not declared elsewhere | 2022-12-31 | $-1,385,030 |
| Administrative expenses (other) incurred | 2022-12-31 | $14,081 |
| Total non interest bearing cash at end of year | 2022-12-31 | $108,970 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $102,432 |
| 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 | $409,343 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $11,357,314 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $10,607,847 |
| 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 | $123,590 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $9,457,530 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $9,840,117 |
| Interest on participant loans | 2022-12-31 | $7,055 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $1,207,119 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $100,421 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $350,118 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $393,635 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $393,635 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-384,861 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $2,064 |
| 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 | $807,465 |
| Income. Dividends from common stock | 2022-12-31 | $-11,700 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $698,169 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2022-12-31 | $20,540 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2022-12-31 | $32,370 |
| 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 | TEMPLETON & COMPANY, LLP |
| Accountancy firm EIN | 2022-12-31 | 141918990 |
| 2021 : ABS RETIREMENT SAVINGS PLAN 2021 401k financial data |
|---|
| Total transfer of assets to this plan | 2021-12-31 | $4,677,288 |
| Total income from all sources (including contributions) | 2021-12-31 | $3,863,678 |
| Total of all expenses incurred | 2021-12-31 | $1,014,555 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $920,823 |
| Value of total corrective distributions | 2021-12-31 | $11,352 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $3,096,116 |
| Value of total assets at end of year | 2021-12-31 | $10,607,847 |
| Value of total assets at beginning of year | 2021-12-31 | $3,081,436 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $82,380 |
| Total interest from all sources | 2021-12-31 | $3,971 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $437,151 |
| 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 | $437,151 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $350,000 |
| 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 | $1,174,921 |
| Participant contributions at end of year | 2021-12-31 | $138,872 |
| Participant contributions at beginning of year | 2021-12-31 | $15,517 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $1,366,649 |
| Total non interest bearing cash at end of year | 2021-12-31 | $102,432 |
| 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 | $2,849,123 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $10,607,847 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $3,081,436 |
| 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 registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $9,840,117 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $3,065,919 |
| Interest on participant loans | 2021-12-31 | $3,741 |
| Value of interest in common/collective trusts at end of year | 2021-12-31 | $100,421 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $393,635 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $230 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $362,281 |
| Net investment gain or loss from common/collective trusts | 2021-12-31 | $1,402 |
| 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 | $554,546 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $920,823 |
| Contract administrator fees | 2021-12-31 | $82,380 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2021-12-31 | $32,370 |
| 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 | Disclaimer |
| Accountancy firm name | 2021-12-31 | TEMPLETON & COMPANY |
| Accountancy firm EIN | 2021-12-31 | 141918990 |
