401k Plan data: FUTURENET GROUP INC. 401(K) P/S PLAN plan

FUTURENET GROUP INC. 401(K) P/S PLAN 401k Plan overview

Plan Name	FUTURENET GROUP INC. 401(K) P/S PLAN
Plan identification number	001

FUTURENET GROUP INC. 401(K) P/S PLAN Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FUTURENET GROUP INC. has sponsored the creation of one or more 401k plans.

Company Name: FUTURENET GROUP INC.

Employer identification number (EIN): 383217146

NAIC Classification: 334110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FUTURENET GROUP INC. 401(K) P/S PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01 JIGNESH MEHTA 2021-05-05
001 2020-01-01 JIGNESH MEHTA 2021-05-05
001 2019-01-01 JIGNESH MEHTA 2020-09-23
001 2018-01-01 JIGNESH MEHTA 2019-08-01
001 2016-01-01 GERRY COOPER
001 2015-01-01 GERALD COOPER
001 2014-01-01 KRISHAL DALAL
001 2013-01-01 KRISHAL DALAL
001 2012-01-01 PARIMAL MEHTA
001 2011-01-01 PARIMAL MEHTA 2013-07-29
001 2009-01-01 KRISHALDALAL

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2021-01-01	JIGNESH MEHTA	2021-05-05
001	2020-01-01	JIGNESH MEHTA	2021-05-05
001	2019-01-01	JIGNESH MEHTA	2020-09-23
001	2018-01-01	JIGNESH MEHTA	2019-08-01
001	2016-01-01	GERRY COOPER
001	2015-01-01	GERALD COOPER
001	2014-01-01	KRISHAL DALAL
001	2013-01-01	KRISHAL DALAL
001	2012-01-01	PARIMAL MEHTA
001	2011-01-01	PARIMAL MEHTA	2013-07-29
001	2009-01-01	KRISHALDALAL

Plan Statistics for FUTURENET GROUP INC. 401(K) P/S PLAN

401k plan membership statisitcs for FUTURENET GROUP INC. 401(K) P/S PLAN

Measure Date Value
2016: FUTURENET GROUP INC. 401(K) P/S PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 261
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 125
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 55
Total of all active and inactive participants 2016-01-01 180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 180
Number of participants with account balances 2016-01-01 83
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 19
2015: FUTURENET GROUP INC. 401(K) P/S PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 286
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 215
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 51
Total of all active and inactive participants 2015-01-01 266
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 266
Number of participants with account balances 2015-01-01 107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 17
2014: FUTURENET GROUP INC. 401(K) P/S PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 236
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 212
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 66
Total of all active and inactive participants 2014-01-01 278
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 278
Number of participants with account balances 2014-01-01 168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 27
2013: FUTURENET GROUP INC. 401(K) P/S PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 246
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 242
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 34
Total of all active and inactive participants 2013-01-01 276
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 276
Number of participants with account balances 2013-01-01 113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 18
2012: FUTURENET GROUP INC. 401(K) P/S PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 111
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 227
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 7
Total of all active and inactive participants 2012-01-01 234
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 234
Number of participants with account balances 2012-01-01 87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 6
2009: FUTURENET GROUP INC. 401(K) P/S PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 15
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 9
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 5
Total of all active and inactive participants 2009-01-01 14
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 14
Number of participants with account balances 2009-01-01 14
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 1

Measure	Date	Value
2016: FUTURENET GROUP INC. 401(K) P/S PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	261
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	125
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	55
Total of all active and inactive participants	2016-01-01	180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	180
Number of participants with account balances	2016-01-01	83
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	19
2015: FUTURENET GROUP INC. 401(K) P/S PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	286
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	215
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	51
Total of all active and inactive participants	2015-01-01	266
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	266
Number of participants with account balances	2015-01-01	107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	17
2014: FUTURENET GROUP INC. 401(K) P/S PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	236
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	212
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	66
Total of all active and inactive participants	2014-01-01	278
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	278
Number of participants with account balances	2014-01-01	168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	27
2013: FUTURENET GROUP INC. 401(K) P/S PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	246
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	242
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	34
Total of all active and inactive participants	2013-01-01	276
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	276
Number of participants with account balances	2013-01-01	113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	18
2012: FUTURENET GROUP INC. 401(K) P/S PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	111
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	227
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	7
Total of all active and inactive participants	2012-01-01	234
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	234
Number of participants with account balances	2012-01-01	87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	6
2009: FUTURENET GROUP INC. 401(K) P/S PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	15
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	9
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	5
Total of all active and inactive participants	2009-01-01	14
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	14
Number of participants with account balances	2009-01-01	14
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	1

Financial Data on FUTURENET GROUP INC. 401(K) P/S PLAN

Measure	Date	Value
2016 : FUTURENET GROUP INC. 401(K) P/S PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
Total transfer of assets to this plan	2016-12-31	$0
Total transfer of assets from this plan	2016-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total income from all sources (including contributions)	2016-12-31	$355,107
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$722,378
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$719,672
Expenses. Certain deemed distributions of participant loans	2016-12-31	$6
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$270,475
Value of total assets at end of year	2016-12-31	$1,508,699
Value of total assets at beginning of year	2016-12-31	$1,875,970
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$2,700
Total interest from all sources	2016-12-31	$7,914
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$34,385
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$34,385
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$188,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$259,318
Participant contributions at end of year	2016-12-31	$158,041
Participant contributions at beginning of year	2016-12-31	$172,657
Administrative expenses (other) incurred	2016-12-31	$2,700
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$-367,271
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$1,508,699
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$1,875,970
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$1,350,658
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$1,703,313
Interest on participant loans	2016-12-31	$7,914
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$42,333
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$11,157
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$719,672
Did the plan have assets held for investment	2016-12-31	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	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	MARTIN, ARRINGTON, DESAI & MEYER
Accountancy firm EIN	2016-12-31	382071689
2015 : FUTURENET GROUP INC. 401(K) P/S PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets	2015-12-31	$0
Total transfer of assets from this plan	2015-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total income from all sources (including contributions)	2015-12-31	$285,750
Total loss/gain on sale of assets	2015-12-31	$0
Total of all expenses incurred	2015-12-31	$251,912
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$246,449
Expenses. Certain deemed distributions of participant loans	2015-12-31	$995
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$367,448
Value of total assets at end of year	2015-12-31	$1,875,970
Value of total assets at beginning of year	2015-12-31	$1,842,132
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$4,468
Total interest from all sources	2015-12-31	$520
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$113,020
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$113,020
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$185,000
If this is an individual account plan, was there a blackout period	2015-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$287,229
Participant contributions at end of year	2015-12-31	$172,657
Participant contributions at beginning of year	2015-12-31	$224
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$45,060
Administrative expenses (other) incurred	2015-12-31	$4,468
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$33,838
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$1,875,970
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$1,842,132
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$1,703,313
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$1,841,908
Interest on participant loans	2015-12-31	$520
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-195,238
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$35,159
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$246,449
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	2015-12-31	Yes
Did the plan have assets held for investment	2015-12-31	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	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	MARTIN, ARRINGTON, DESAI & MEYER
Accountancy firm EIN	2015-12-31	382071689
2014 : FUTURENET GROUP INC. 401(K) P/S PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$17,541
Total income from all sources (including contributions)	2014-12-31	$570,159
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$365,091
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$363,755
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$470,496
Value of total assets at end of year	2014-12-31	$1,842,132
Value of total assets at beginning of year	2014-12-31	$1,654,605
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$1,336
Total interest from all sources	2014-12-31	$224
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$412,167
Participant contributions at end of year	2014-12-31	$1,549
Participant contributions at beginning of year	2014-12-31	$9,680
Participant contributions at end of year	2014-12-31	$0
Participant contributions at beginning of year	2014-12-31	$23,768
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2014-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2014-12-31	$200
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2014-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2014-12-31	$17,541
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$205,068
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$1,842,132
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$1,637,064
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$1,832,059
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$1,615,591
Interest on participant loans	2014-12-31	$224
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-12-31	$8,524
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-12-31	$5,366
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-12-31	$5,366
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2014-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$99,439
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$58,329
Employer contributions (assets) at end of year	2014-12-31	$0
Employer contributions (assets) at beginning of year	2014-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$363,755
Contract administrator fees	2014-12-31	$1,336
Did the plan have assets held for investment	2014-12-31	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	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	MARTIN,ARRINGTON, DESAI & MEYERS,PC
Accountancy firm EIN	2014-12-31	382071689
2013 : FUTURENET GROUP INC. 401(K) P/S PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$17,541
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$845,252
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$180,911
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$152,753
Value of total corrective distributions	2013-12-31	$24,936
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$653,580
Value of total assets at end of year	2013-12-31	$1,654,605
Value of total assets at beginning of year	2013-12-31	$972,723
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$3,222
Total interest from all sources	2013-12-31	$80
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$500,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$504,644
Participant contributions at end of year	2013-12-31	$9,680
Participant contributions at beginning of year	2013-12-31	$0
Participant contributions at end of year	2013-12-31	$23,768
Participant contributions at beginning of year	2013-12-31	$31,916
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$10,080
Value of other receiveables (less allowance for doubtful accounts) at end of year	2013-12-31	$200
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2013-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2013-12-31	$17,541
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2013-12-31	$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	2013-12-31	No
Value of net income/loss	2013-12-31	$664,341
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$1,637,064
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$972,723
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$1,615,591
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$905,555
Interest on participant loans	2013-12-31	$80
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$5,366
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$24,183
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$24,183
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$191,592
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$138,856
Employer contributions (assets) at end of year	2013-12-31	$0
Employer contributions (assets) at beginning of year	2013-12-31	$11,069
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$152,753
Contract administrator fees	2013-12-31	$3,222
Did the plan have assets held for investment	2013-12-31	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	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	MARTIN,ARRINGTON,DESAI & MEYERS, PC
Accountancy firm EIN	2013-12-31	382071689
2012 : FUTURENET GROUP INC. 401(K) P/S PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$419,750
Expenses. Total of all expenses incurred	2012-12-31	$75,996
Benefits paid (including direct rollovers)	2012-12-31	$74,159
Total plan assets at end of year	2012-12-31	$972,723
Total plan assets at beginning of year	2012-12-31	$628,969
Value of fidelity bond covering the plan	2012-12-31	$500,000
Total contributions received or receivable from participants	2012-12-31	$244,899
Contributions received from other sources (not participants or employers)	2012-12-31	$2,979
Other income received	2012-12-31	$91,708
Net income (gross income less expenses)	2012-12-31	$343,754
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$972,723
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$628,969
Total contributions received or receivable from employer(s)	2012-12-31	$80,164
Value of corrective distributions	2012-12-31	$1,488
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$349
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2010 : FUTURENET GROUP INC. 401(K) P/S PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$288,113
Expenses. Total of all expenses incurred	2010-12-31	$1,632
Benefits paid (including direct rollovers)	2010-12-31	$357
Total plan assets at end of year	2010-12-31	$463,319
Total plan assets at beginning of year	2010-12-31	$176,838
Total contributions received or receivable from participants	2010-12-31	$206,423
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$42,024
Net income (gross income less expenses)	2010-12-31	$286,481
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$463,319
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$176,838
Total contributions received or receivable from employer(s)	2010-12-31	$39,666
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$1,275

Form 5500 Responses for FUTURENET GROUP INC. 401(K) P/S PLAN

2016: FUTURENET GROUP INC. 401(K) P/S PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: FUTURENET GROUP INC. 401(K) P/S PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: FUTURENET GROUP INC. 401(K) P/S PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: FUTURENET GROUP INC. 401(K) P/S PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: FUTURENET GROUP INC. 401(K) P/S PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2009: FUTURENET GROUP INC. 401(K) P/S PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes

Insurance Providers Used on plan

METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )

Policy contract number

941269

Policy instance

Insurance contract or identification number	941269
Number of Individuals Covered	20
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $2,758
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $2,758
Insurance broker organization code?	4
Insurance broker name	MORGAN STANLEY SMITH BARNEY LLC

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	FUTURENET GROUP INC.
Employer identification number (EIN):	383217146
NAIC Classification:	334110