MERIT HOLDINGS, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan MERIT AUTO GROUP SAVINGS INCENTIVE PLAN
Measure | Date | Value |
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2022 : MERIT AUTO GROUP SAVINGS INCENTIVE PLAN 2022 401k financial data |
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Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $15,411 |
Total income from all sources (including contributions) | 2022-12-31 | $-6,641 |
Total of all expenses incurred | 2022-12-31 | $201,720 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $199,900 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $265,822 |
Value of total assets at end of year | 2022-12-31 | $1,316,049 |
Value of total assets at beginning of year | 2022-12-31 | $1,508,999 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $1,820 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $91,173 |
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 | $91,173 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $200,000 |
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 | $125,429 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $18,058 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $15,411 |
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 | $-208,361 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $1,300,638 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $1,508,999 |
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 | $1,242,692 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $1,374,582 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $73,357 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $134,417 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-363,636 |
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 | $122,335 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $199,900 |
Contract administrator fees | 2022-12-31 | $1,820 |
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 | SSA, PC |
Accountancy firm EIN | 2022-12-31 | 840676265 |
2021 : MERIT AUTO GROUP SAVINGS INCENTIVE PLAN 2021 401k financial data |
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Total income from all sources (including contributions) | 2021-12-31 | $353,876 |
Total of all expenses incurred | 2021-12-31 | $113,469 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $112,869 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $212,491 |
Value of total assets at end of year | 2021-12-31 | $1,508,999 |
Value of total assets at beginning of year | 2021-12-31 | $1,268,592 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $600 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $114,890 |
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 | $114,890 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $150,899 |
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 | $114,409 |
Participant contributions at beginning of year | 2021-12-31 | $5,088 |
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 | $240,407 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $1,508,999 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $1,268,592 |
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 | $1,374,582 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $1,233,068 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $134,417 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $26,050 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $26,495 |
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 | Yes |
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 | $98,082 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $4,386 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $112,869 |
Contract administrator fees | 2021-12-31 | $600 |
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 | SSA, PC |
Accountancy firm EIN | 2021-12-31 | 840676265 |
2020 : MERIT AUTO GROUP SAVINGS INCENTIVE PLAN 2020 401k financial data |
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Total income from all sources (including contributions) | 2020-12-31 | $485,580 |
Total of all expenses incurred | 2020-12-31 | $286,056 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $285,156 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $319,478 |
Value of total assets at end of year | 2020-12-31 | $1,268,592 |
Value of total assets at beginning of year | 2020-12-31 | $1,069,068 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $900 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $60,720 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $60,720 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $126,860 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $114,897 |
Participant contributions at end of year | 2020-12-31 | $5,088 |
Participant contributions at beginning of year | 2020-12-31 | $4,935 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $188,345 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $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 | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $199,524 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $1,268,592 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $1,069,068 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $1,233,068 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $1,060,679 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $26,050 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $105,382 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $16,236 |
Employer contributions (assets) at end of year | 2020-12-31 | $4,386 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $3,454 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $285,156 |
Contract administrator fees | 2020-12-31 | $900 |
Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | SSA, PC |
Accountancy firm EIN | 2020-12-31 | 840676265 |