HEAR.COM has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
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2022 : HEAR.COM 401(K) PLAN 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-12-31 | $734,495 |
Total of all expenses incurred | 2022-12-31 | $839,589 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $804,680 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,284,041 |
Value of total assets at end of year | 2022-12-31 | $3,208,451 |
Value of total assets at beginning of year | 2022-12-31 | $3,313,545 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $34,909 |
Total interest from all sources | 2022-12-31 | $9,965 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $51,277 |
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 | $51,277 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
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 | $1,167,878 |
Participant contributions at end of year | 2022-12-31 | $160,805 |
Participant contributions at beginning of year | 2022-12-31 | $140,278 |
Participant contributions at end of year | 2022-12-31 | $0 |
Participant contributions at beginning of year | 2022-12-31 | $34,818 |
Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $0 |
Assets. Other investments not covered elsewhere at beginning of year | 2022-12-31 | $2,963 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $116,163 |
Other income not declared elsewhere | 2022-12-31 | $78 |
Administrative expenses (other) incurred | 2022-12-31 | $34,907 |
Total non interest bearing cash at end of year | 2022-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $1,360 |
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 | $-105,094 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $3,208,451 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $3,313,545 |
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 |
Investment advisory and management fees | 2022-12-31 | $2 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $2,916,711 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $3,038,146 |
Interest on participant loans | 2022-12-31 | $7,993 |
Interest earned on other investments | 2022-12-31 | $1,961 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $3,499 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $93 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $93 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $11 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $127,436 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $95,887 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-610,866 |
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 | $804,680 |
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 | 2022-12-31 | No |
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 | MAZARS USA LLP |
Accountancy firm EIN | 2022-12-31 | 131459550 |
2021 : HEAR.COM 401(K) PLAN 2021 401k financial data |
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Total transfer of assets to this plan | 2021-12-31 | $2,123,446 |
Total income from all sources (including contributions) | 2021-12-31 | $1,587,826 |
Total of all expenses incurred | 2021-12-31 | $397,727 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $369,926 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,317,247 |
Value of total assets at end of year | 2021-12-31 | $3,313,545 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $27,801 |
Total interest from all sources | 2021-12-31 | $4,383 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $40,299 |
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 | $40,299 |
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 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $838,874 |
Participant contributions at end of year | 2021-12-31 | $140,278 |
Participant contributions at end of year | 2021-12-31 | $34,818 |
Assets. Other investments not covered elsewhere at end of year | 2021-12-31 | $2,963 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $478,373 |
Other income not declared elsewhere | 2021-12-31 | $590 |
Administrative expenses (other) incurred | 2021-12-31 | $27,801 |
Total non interest bearing cash at end of year | 2021-12-31 | $1,360 |
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 | $1,190,099 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $3,313,545 |
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 | $3,038,146 |
Interest on participant loans | 2021-12-31 | $3,287 |
Interest earned on other investments | 2021-12-31 | $1,096 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $93 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $95,887 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $225,307 |
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 | $369,926 |
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 | 2021-12-31 | No |
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 | MAZARS USA LLP |
Accountancy firm EIN | 2021-12-31 | 131459550 |