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METTEL VIP PLAN 401k Plan overview

Plan NameMETTEL VIP PLAN
Plan identification number 003

METTEL VIP PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

401k Sponsoring company profile

MANHATTAN TELECOMMUNICATIONS OF NEW YORK, INC. has sponsored the creation of one or more 401k plans.

Company Name:MANHATTAN TELECOMMUNICATIONS OF NEW YORK, INC.
Employer identification number (EIN):510374236
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan METTEL VIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01RALPH DICHY2023-10-11 RALPH DICHY2023-10-11
0032021-01-01
0032020-01-01
0032019-01-01ANDONI ECONOMOU2020-10-15 ANDONI ECONOMOU2020-10-15
0032018-01-01ANDONI ECONOMOU2019-10-14 ANDONI ECONOMOU2019-10-14
0032017-01-01ANDONI ECONOMOU2018-10-10 ANDONI ECONOMOU2018-10-10
0032016-01-01ANDONI ECONOMOU2017-10-11 ANDONI ECONOMOU2017-10-11
0032015-01-01ANDONI ECONOMOU2016-10-14 ANDONI ECONOMOU2016-10-14
0032014-01-01ANDONI ECONOMOU2015-10-15 ANDONI ECONOMOU2015-10-15
0032013-01-01ANDONI ECONOMOU2014-10-15 ANDONI ECONOMOU2014-10-15
0032012-01-01ANDONI ECONOMOU2013-10-11 ANDONI ECONOMOU2013-10-11

Plan Statistics for METTEL VIP PLAN

401k plan membership statisitcs for METTEL VIP PLAN

Measure Date Value
2022: METTEL VIP PLAN 2022 401k membership
Market value of plan assets2022-12-3116,500,173
Acturial value of plan assets2022-12-3116,500,173
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3119
Fundng target for terminated vested participants2022-12-31142,882
Active participant vested funding target2022-12-3110,619,164
Number of active participants2022-12-31126
Total funding liabilities for active participants2022-12-3110,751,316
Total participant count2022-12-31145
Total funding target for all participants2022-12-3110,894,198
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-311,214,670
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-311,282,813
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31750,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31703,440
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-311,511,767
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31703,440
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01145
Total number of active participants reported on line 7a of the Form 55002022-01-01118
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0137
Total of all active and inactive participants2022-01-01155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0113
2021: METTEL VIP PLAN 2021 401k membership
Market value of plan assets2021-12-3114,743,782
Acturial value of plan assets2021-12-3114,743,782
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-3110
Fundng target for terminated vested participants2021-12-3118,273
Active participant vested funding target2021-12-317,696,492
Number of active participants2021-12-31128
Total funding liabilities for active participants2021-12-317,832,204
Total participant count2021-12-31138
Total funding target for all participants2021-12-317,850,477
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-311,013,086
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-311,068,198
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-311,300,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-311,214,670
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-311,316,560
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-311,214,670
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-01138
Total number of active participants reported on line 7a of the Form 55002021-01-01116
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0119
Total of all active and inactive participants2021-01-01135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0112
2020: METTEL VIP PLAN 2020 401k membership
Market value of plan assets2020-12-3115,227,488
Acturial value of plan assets2020-12-3115,227,488
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-3113
Fundng target for terminated vested participants2020-12-3127,190
Active participant vested funding target2020-12-317,998,710
Number of active participants2020-12-31123
Total funding liabilities for active participants2020-12-318,082,169
Total participant count2020-12-31136
Total funding target for all participants2020-12-318,109,359
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-312,923,240
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-313,086,357
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-311,040,940
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-311,013,086
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-311,372,772
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-311,013,086
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-01136
Total number of active participants reported on line 7a of the Form 55002020-01-01125
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0110
Total of all active and inactive participants2020-01-01135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-018
2019: METTEL VIP PLAN 2019 401k membership
Market value of plan assets2019-12-3110,436,822
Acturial value of plan assets2019-12-3110,436,822
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-3113
Fundng target for terminated vested participants2019-12-31141,819
Active participant vested funding target2019-12-316,277,427
Number of active participants2019-12-31104
Total funding liabilities for active participants2019-12-316,340,976
Total participant count2019-12-31117
Total funding target for all participants2019-12-316,482,795
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-311,859,943
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-311,966,704
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-313,124,701
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-312,923,240
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-311,404,997
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-312,923,240
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: METTEL VIP PLAN 2018 401k membership
Market value of plan assets2018-12-319,201,996
Acturial value of plan assets2018-12-319,201,996
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-3113
Fundng target for terminated vested participants2018-12-3140,831
Active participant vested funding target2018-12-315,414,219
Number of active participants2018-12-3191
Total funding liabilities for active participants2018-12-315,482,869
Total participant count2018-12-31104
Total funding target for all participants2018-12-315,523,700
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-313,079,202
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-313,261,799
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-311,990,910
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-311,859,943
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31879,415
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-311,859,943
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: METTEL VIP PLAN 2017 401k membership
Market value of plan assets2017-12-314,795,588
Acturial value of plan assets2017-12-314,795,588
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-3111
Fundng target for terminated vested participants2017-12-3128,252
Active participant vested funding target2017-12-313,754,146
Number of active participants2017-12-3186
Total funding liabilities for active participants2017-12-313,798,590
Total participant count2017-12-3197
Total funding target for all participants2017-12-313,826,842
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31878,789
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31932,483
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-313,300,000
Total employee contributions2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-313,079,202
Unpaid minimum required contributions for all prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31781,257
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-313,079,202
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: METTEL VIP PLAN 2016 401k membership
Market value of plan assets2016-12-313,433,304
Acturial value of plan assets2016-12-313,433,304
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-3115
Fundng target for terminated vested participants2016-12-3122,352
Active participant vested funding target2016-12-312,630,485
Number of active participants2016-12-3174
Total funding liabilities for active participants2016-12-312,676,820
Total participant count2016-12-3189
Total funding target for all participants2016-12-312,699,172
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31742,229
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31789,212
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31945,912
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31878,789
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31726,966
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31878,789
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

Financial Data on METTEL VIP PLAN

Measure Date Value
2022 : METTEL VIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-751,446
Total unrealized appreciation/depreciation of assets2022-12-31$-751,446
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$0
Total income from all sources (including contributions)2022-12-31$-884,973
Total loss/gain on sale of assets2022-12-31$-458,309
Total of all expenses incurred2022-12-31$27,531
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$27,531
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$750,000
Value of total assets at end of year2022-12-31$15,604,856
Value of total assets at beginning of year2022-12-31$16,517,360
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$0
Total interest from all sources2022-12-31$84,426
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$190,703
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$79,735
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
Other income not declared elsewhere2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$2,265
Total non interest bearing cash at beginning of year2022-12-31$4,013
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-912,504
Value of net assets at end of year (total assets less liabilities)2022-12-31$15,604,856
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$16,517,360
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$3,935,688
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$4,636,560
Income. Interest from US Government securities2022-12-31$10,059
Income. Interest from corporate debt instruments2022-12-31$70,098
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$2,923,223
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$2,699,626
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$2,699,626
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$4,269
Asset value of US Government securities at end of year2022-12-31$910,452
Asset value of US Government securities at beginning of year2022-12-31$905,009
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-700,347
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$750,000
Employer contributions (assets) at end of year2022-12-31$750,000
Employer contributions (assets) at beginning of year2022-12-31$1,300,000
Income. Dividends from common stock2022-12-31$110,968
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$27,531
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$2,579,286
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$2,547,351
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$4,503,942
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$4,424,801
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
Aggregate proceeds on sale of assets2022-12-31$1,989,039
Aggregate carrying amount (costs) on sale of assets2022-12-31$2,447,348
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31MARCUM LLP
Accountancy firm EIN2022-12-31111986323
2021 : METTEL VIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-160,624
Total unrealized appreciation/depreciation of assets2021-12-31$-160,624
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
Total income from all sources (including contributions)2021-12-31$1,801,251
Total loss/gain on sale of assets2021-12-31$532,049
Total of all expenses incurred2021-12-31$29,186
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$29,180
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,300,000
Value of total assets at end of year2021-12-31$16,517,360
Value of total assets at beginning of year2021-12-31$14,745,295
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$6
Total interest from all sources2021-12-31$31,541
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$76,779
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$48,135
Assets. Real estate other than employer real property at beginning of year2021-12-31$554,596
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$3,898
Other income not declared elsewhere2021-12-31$0
Total non interest bearing cash at end of year2021-12-31$4,013
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
Value of net income/loss2021-12-31$1,772,065
Value of net assets at end of year (total assets less liabilities)2021-12-31$16,517,360
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$14,745,295
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$1,446,102
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$297,225
Income. Interest from US Government securities2021-12-31$6,556
Income. Interest from corporate debt instruments2021-12-31$24,794
Value of interest in common/collective trusts at end of year2021-12-31$3,190,458
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$2,699,626
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$11,226,676
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$11,226,676
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$191
Asset value of US Government securities at end of year2021-12-31$905,009
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$21,506
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 contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$1,300,000
Employer contributions (assets) at end of year2021-12-31$1,300,000
Employer contributions (assets) at beginning of year2021-12-31$140,940
Income. Dividends from common stock2021-12-31$28,644
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$29,180
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$2,547,351
Contract administrator fees2021-12-31$6
Assets. Corporate common stocks other than exployer securities at end of year2021-12-31$4,424,801
Assets. Corporate common stocks other than exployer securities at beginning of year2021-12-31$2,521,960
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
Aggregate proceeds on sale of assets2021-12-31$15,653,328
Aggregate carrying amount (costs) on sale of assets2021-12-31$15,121,279
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31FRIEDMAN LLP
Accountancy firm EIN2021-12-31131610809
2020 : METTEL VIP PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$-498,676
Total loss/gain on sale of assets2020-12-31$-1,427,213
Total of all expenses incurred2020-12-31$21,862
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$21,862
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,040,940
Value of total assets at end of year2020-12-31$14,745,295
Value of total assets at beginning of year2020-12-31$15,265,833
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$0
Total interest from all sources2020-12-31$17,219
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$17,162
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$17,162
Assets. Real estate other than employer real property at end of year2020-12-31$554,596
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Assets. Other investments not covered elsewhere at end of year2020-12-31$3,898
Other income not declared elsewhere2020-12-31$6,384
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-520,538
Value of net assets at end of year (total assets less liabilities)2020-12-31$14,745,295
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$15,265,833
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$297,225
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$6,315,790
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$11,226,676
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$5,825,342
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$5,825,342
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$17,219
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$-153,168
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$1,040,940
Employer contributions (assets) at end of year2020-12-31$140,940
Employer contributions (assets) at beginning of year2020-12-31$3,124,701
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$21,862
Assets. Corporate common stocks other than exployer securities at end of year2020-12-31$2,521,960
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
Aggregate proceeds on sale of assets2020-12-31$37,922,015
Aggregate carrying amount (costs) on sale of assets2020-12-31$39,349,228
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31FRIEDMAN LLP
Accountancy firm EIN2020-12-31131610809

Form 5500 Responses for METTEL VIP PLAN

2022: METTEL VIP 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 – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: METTEL VIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
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 – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: METTEL VIP 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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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