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Plan Name | STERLING NORTH AMERICA, INC. 401(K) PLAN |
Plan identification number | 001 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
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Company Name: | STERLING NORTH AMERICA, INC. |
Employer identification number (EIN): | 383764537 |
NAIC Classification: | 323100 |
Additional information about STERLING NORTH AMERICA, INC.
Jurisdiction of Incorporation: | New York Department of State |
Incorporation Date: | 2007-09-14 |
Company Identification Number: | 3568083 |
Legal Registered Office Address: |
70 CORPORATE DRIVE Suffolk HAUPPAUGE United States of America (USA) 11788 |
More information about STERLING NORTH AMERICA, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2022-01-01 | ||||
001 | 2021-01-01 | KELLI MCALLISTER | 2022-04-08 | ||
001 | 2020-01-01 | KELLI MCALLISTER | 2021-04-19 | ||
001 | 2019-01-01 | KELLI MCALLISTER | 2020-02-26 | ||
001 | 2018-01-01 | KELLI MCALLISTER | 2019-03-08 | ||
001 | 2017-01-01 | KELLI MCALLISTER | 2018-03-26 | ||
001 | 2016-01-01 | KELLI MCALLISTER | 2017-03-15 | ||
001 | 2015-01-01 | KELLI MCALLISTER | 2016-05-31 | ||
001 | 2014-01-01 | KELLI MCALLISTER | 2015-03-03 | ||
001 | 2013-01-01 | KELLI MCALLISTER | 2014-04-03 | ||
001 | 2012-01-01 | KELLI MCALLISTER | 2013-03-01 | ||
001 | 2011-01-01 | KELLI MCALLISTER | 2012-03-02 | ||
001 | 2010-01-01 | KELLI MCALLISTER | 2011-02-08 |
Measure | Date | Value |
---|---|---|
2022: STERLING NORTH AMERICA, INC. 401(K) PLAN 2022 401k membership | ||
Total participants, beginning-of-year | 2022-01-01 | 133 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 108 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 22 |
Total of all active and inactive participants | 2022-01-01 | 130 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 130 |
Number of participants with account balances | 2022-01-01 | 84 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
Measure | Date | Value |
---|---|---|
2022 : STERLING NORTH AMERICA, INC. 401(K) 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 | $4,459 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-144,195 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $459,426 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $457,929 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $668,408 |
Value of total assets at end of year | 2022-12-31 | $3,793,754 |
Value of total assets at beginning of year | 2022-12-31 | $4,392,916 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $1,497 |
Total interest from all sources | 2022-12-31 | $3,431 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $350,000 |
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 | $461,150 |
Participant contributions at end of year | 2022-12-31 | $98,848 |
Participant contributions at beginning of year | 2022-12-31 | $67,698 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $4,459 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) 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 | $-603,621 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $3,789,295 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $4,392,916 |
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 registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $3,694,906 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $4,325,218 |
Interest on participant loans | 2022-12-31 | $3,431 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-816,034 |
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 | Yes |
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 | $207,258 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $457,929 |
Contract administrator fees | 2022-12-31 | $1,497 |
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 | LEE CPA AUDIT GROUP |
Accountancy firm EIN | 2022-12-31 | 814637885 |
2022: STERLING NORTH AMERICA, INC. 401(K) PLAN 2022 form 5500 responses | ||
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2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Submission has been amended | No |
2022-01-01 | This submission is the final filing | No |
2022-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2022-01-01 | Plan is a collectively bargained plan | No |
2022-01-01 | Plan funding arrangement – Insurance | Yes |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan benefit arrangement – Insurance | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |
AMERICAN GENERAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60488 ) | |||||||||||||||||||||||||||||||||||||||||||||
Policy contract number | NT4080 | ||||||||||||||||||||||||||||||||||||||||||||
Policy instance | 1 | ||||||||||||||||||||||||||||||||||||||||||||
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