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WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN 401k Plan overview

Plan NameWIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN
Plan identification number 001

WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • 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

WIRELESS EXPERIENCE GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:WIRELESS EXPERIENCE GROUP, INC.
Employer identification number (EIN):454166124
NAIC Classification:443142
NAIC Description:Electronics Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING 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
0012020-01-01

Plan Statistics for WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN

401k plan membership statisitcs for WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN

Measure Date Value
2022: WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01314
Total number of active participants reported on line 7a of the Form 55002022-01-01268
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0162
Total of all active and inactive participants2022-01-01330
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01330
Number of participants with account balances2022-01-01149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01328
Total number of active participants reported on line 7a of the Form 55002021-01-01241
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0163
Total of all active and inactive participants2021-01-01304
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01304
Number of participants with account balances2021-01-01142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01362
Total number of active participants reported on line 7a of the Form 55002020-01-01224
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0148
Total of all active and inactive participants2020-01-01272
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01272
Number of participants with account balances2020-01-01151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN

Measure Date Value
2022 : WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN 2022 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-502,674
Total of all expenses incurred2022-12-31$2,049,646
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$2,015,331
Expenses. Certain deemed distributions of participant loans2022-12-31$17,547
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$577,874
Value of total assets at end of year2022-12-31$4,197,208
Value of total assets at beginning of year2022-12-31$6,749,528
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$16,768
Total interest from all sources2022-12-31$9,304
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$122,952
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$122,952
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
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$337,611
Participant contributions at end of year2022-12-31$120,749
Participant contributions at beginning of year2022-12-31$172,011
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$959
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$4,550
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$5,466
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$290
Liabilities. Value of operating payables at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Income. Non cash contributions2022-12-31$0
Value of net income/loss2022-12-31$-2,552,320
Value of net assets at end of year (total assets less liabilities)2022-12-31$4,197,208
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$6,749,528
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
Investment advisory and management fees2022-12-31$16,768
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$4,014,051
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$6,517,180
Interest on participant loans2022-12-31$8,450
Interest earned on other investments2022-12-31$854
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$57,858
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$54,871
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,213,094
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$239,304
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$2,015,331
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 name2022-12-31LEAR AND PANNEPACKER
Accountancy firm EIN2022-12-31222947255
2021 : WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN 2021 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Expenses. Interest paid2021-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,483,787
Total of all expenses incurred2021-12-31$1,141,519
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,064,712
Expenses. Certain deemed distributions of participant loans2021-12-31$68,114
Value of total corrective distributions2021-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$638,630
Value of total assets at end of year2021-12-31$6,749,528
Value of total assets at beginning of year2021-12-31$6,407,260
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$8,693
Total interest from all sources2021-12-31$11,119
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$172,022
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$172,022
Administrative expenses professional fees incurred2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
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$378,106
Participant contributions at end of year2021-12-31$172,011
Participant contributions at beginning of year2021-12-31$260,912
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$1,472
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$8,550
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$5,466
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$4,678
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$0
Other income not declared elsewhere2021-12-31$273
Liabilities. Value of operating payables at end of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Income. Non cash contributions2021-12-31$0
Value of net income/loss2021-12-31$342,268
Value of net assets at end of year (total assets less liabilities)2021-12-31$6,749,528
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$6,407,260
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
Investment advisory and management fees2021-12-31$8,693
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$6,517,180
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$6,002,668
Interest on participant loans2021-12-31$10,569
Interest earned on other investments2021-12-31$550
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$54,871
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$137,103
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$661,743
Net investment gain or loss from common/collective trusts2021-12-31$0
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$251,974
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$427
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,064,712
Contract administrator fees2021-12-31$0
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 name2021-12-31LEAR AND PANNEPACKER
Accountancy firm EIN2021-12-31222947255
2020 : WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN 2020 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$2,449
Total income from all sources (including contributions)2020-12-31$1,780,072
Total of all expenses incurred2020-12-31$516,192
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$496,597
Expenses. Certain deemed distributions of participant loans2020-12-31$12,091
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$720,300
Value of total assets at end of year2020-12-31$6,401,317
Value of total assets at beginning of year2020-12-31$5,134,988
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$7,504
Total interest from all sources2020-12-31$14,638
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$155,080
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$155,080
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
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$415,239
Participant contributions at end of year2020-12-31$260,912
Participant contributions at beginning of year2020-12-31$279,887
Participant contributions at end of year2020-12-31$1,472
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$18,581
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$4,678
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$2,449
Other income not declared elsewhere2020-12-31$-38
Administrative expenses (other) incurred2020-12-31$7,504
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
Income. Non cash contributions2020-12-31$0
Value of net income/loss2020-12-31$1,263,880
Value of net assets at end of year (total assets less liabilities)2020-12-31$6,398,868
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,134,988
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$6,002,668
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$4,854,341
Interest on participant loans2020-12-31$14,638
Value of interest in common/collective trusts at beginning of year2020-12-31$760
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$137,103
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,041,876
Net investment gain or loss from common/collective trusts2020-12-31$3,296
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$286,480
Employer contributions (assets) at end of year2020-12-31$634
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$496,597
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 name2020-12-31LEAR AND PANNEPACKER
Accountancy firm EIN2020-12-31222947255

Form 5500 Responses for WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN

2022: WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: WIRELESS EXPERIENCE GROUP, INC.401(K)/PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number508144-01
Policy instance 1
Insurance contract or identification number508144-01
Number of Individuals Covered19
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number508144-01
Policy instance 1
Insurance contract or identification number508144-01
Number of Individuals Covered21
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number508144-01
Policy instance 1
Insurance contract or identification number508144-01
Number of Individuals Covered23
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0

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