CHOPTANK ELECTRIC COOPERATIVE INC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan CHOPTANK ELECTRIC COOPERATIVE 401(K) PLAN
Measure | Date | Value |
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2022 : CHOPTANK ELECTRIC COOPERATIVE 401(K) PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
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 | $8,027,319 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $4,156,480 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $4,154,580 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $16,476,166 |
Value of total assets at end of year | 2022-12-31 | $54,220,305 |
Value of total assets at beginning of year | 2022-12-31 | $50,349,466 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $1,900 |
Total interest from all sources | 2022-12-31 | $7,278 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $2,017,386 |
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 | $2,017,386 |
Administrative expenses professional fees incurred | 2022-12-31 | $1,600 |
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 | $1,172,120 |
Participant contributions at end of year | 2022-12-31 | $173,894 |
Participant contributions at beginning of year | 2022-12-31 | $171,849 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $12,416,156 |
Administrative expenses (other) incurred | 2022-12-31 | $300 |
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 | $3,870,839 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $54,220,305 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $50,349,466 |
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 | $54,046,411 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $50,176,355 |
Interest on participant loans | 2022-12-31 | $7,278 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-10,473,511 |
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 | $2,887,890 |
Employer contributions (assets) at end of year | 2022-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $1,262 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $4,154,580 |
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 | ADAMS, JENKINS AND CHEATHAM |
Accountancy firm EIN | 2022-12-31 | 541320089 |
2021 : CHOPTANK ELECTRIC COOPERATIVE 401(K) PLAN 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total transfer of assets to this plan | 2021-12-31 | $0 |
Total transfer of assets from this plan | 2021-12-31 | $0 |
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 | $11,473,691 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $10,743,416 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $10,710,373 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $4,541,591 |
Value of total assets at end of year | 2021-12-31 | $50,349,466 |
Value of total assets at beginning of year | 2021-12-31 | $49,619,191 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $33,043 |
Total interest from all sources | 2021-12-31 | $6,260 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $6,925,840 |
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 | $6,925,840 |
Administrative expenses professional fees incurred | 2021-12-31 | $1,350 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $500,000 |
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 | $1,273,076 |
Participant contributions at end of year | 2021-12-31 | $171,849 |
Participant contributions at beginning of year | 2021-12-31 | $145,110 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $163,632 |
Administrative expenses (other) incurred | 2021-12-31 | $31,693 |
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 | $730,275 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $50,349,466 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $49,619,191 |
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 | $50,176,355 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $49,438,042 |
Interest on participant loans | 2021-12-31 | $6,260 |
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 |
Contributions received in cash from employer | 2021-12-31 | $3,104,883 |
Employer contributions (assets) at end of year | 2021-12-31 | $1,262 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $36,039 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $10,710,373 |
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 | Disclaimer |
Accountancy firm name | 2021-12-31 | ADAMS, JENKINS AND CHEATHAM |
Accountancy firm EIN | 2021-12-31 | 541320089 |
2020 : CHOPTANK ELECTRIC COOPERATIVE 401(K) PLAN 2020 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total transfer of assets to this plan | 2020-12-31 | $34,877,362 |
Total transfer of assets from this plan | 2020-12-31 | $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 | $16,617,601 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $1,875,772 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,907,448 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $3,366,516 |
Value of total assets at end of year | 2020-12-31 | $49,619,191 |
Value of total assets at beginning of year | 2020-12-31 | $0 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $-31,676 |
Total interest from all sources | 2020-12-31 | $2,874 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $13,248,211 |
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 | $13,248,211 |
Administrative expenses professional fees incurred | 2020-12-31 | $500 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $984,027 |
Participant contributions at end of year | 2020-12-31 | $145,110 |
Administrative expenses (other) incurred | 2020-12-31 | $-32,176 |
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 | $14,741,829 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $49,619,191 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $0 |
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 | $49,438,042 |
Interest on participant loans | 2020-12-31 | $2,874 |
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 | No |
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 | $2,382,489 |
Employer contributions (assets) at end of year | 2020-12-31 | $36,039 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $1,907,448 |
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 | ADAMS, JENKINS AND CHEATHAM |
Accountancy firm EIN | 2020-12-31 | 541320089 |