SUMMIT UTILITY SERVICES, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SUMMIT UTILITY 401(K) PLAN AND TRUST
Measure | Date | Value |
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2022: SUMMIT UTILITY 401(K) PLAN AND TRUST 2022 401k membership |
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Total participants, beginning-of-year | 2022-01-01 | 164 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 146 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 1 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 4 |
Total of all active and inactive participants | 2022-01-01 | 151 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 151 |
Number of participants with account balances | 2022-01-01 | 22 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
2021: SUMMIT UTILITY 401(K) PLAN AND TRUST 2021 401k membership |
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Total participants, beginning-of-year | 2021-01-01 | 171 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 209 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 1 |
Total of all active and inactive participants | 2021-01-01 | 210 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
Total participants | 2021-01-01 | 210 |
Number of participants with account balances | 2021-01-01 | 21 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
Measure | Date | Value |
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2022 : SUMMIT UTILITY 401(K) PLAN AND TRUST 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-12-31 | $-8,397 |
Total of all expenses incurred | 2022-12-31 | $11,061 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $7,781 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $25,106 |
Value of total assets at end of year | 2022-12-31 | $166,857 |
Value of total assets at beginning of year | 2022-12-31 | $186,315 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $3,280 |
Total interest from all sources | 2022-12-31 | $2 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $20,000 |
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 | $25,106 |
Participant contributions at end of year | 2022-12-31 | $0 |
Participant contributions at beginning of year | 2022-12-31 | $800 |
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 | $-19,458 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $166,857 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $186,315 |
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 | $166,857 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $185,515 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $2 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-33,505 |
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 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $7,781 |
Contract administrator fees | 2022-12-31 | $3,280 |
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 | BOYLE, DEVENY & MEYER |
Accountancy firm EIN | 2022-12-31 | 810390489 |
2021 : SUMMIT UTILITY 401(K) PLAN AND TRUST 2021 401k financial data |
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Total income from all sources (including contributions) | 2021-12-31 | $61,939 |
Total of all expenses incurred | 2021-12-31 | $28,316 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $24,212 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $36,620 |
Value of total assets at end of year | 2021-12-31 | $186,315 |
Value of total assets at beginning of year | 2021-12-31 | $152,692 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $4,104 |
Total interest from all sources | 2021-12-31 | $8 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | No |
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 | $36,620 |
Participant contributions at end of year | 2021-12-31 | $800 |
Participant contributions at beginning of year | 2021-12-31 | $1,219 |
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 | $33,623 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $186,315 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $152,692 |
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 | $185,515 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $151,473 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $8 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $25,311 |
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 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $24,212 |
Contract administrator fees | 2021-12-31 | $4,104 |
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 | BOYLE, DEVENY & MEYER |
Accountancy firm EIN | 2021-12-31 | 810390489 |