401k Plan data: SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN plan

SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN 401k Plan overview

Plan Name	SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN
Plan identification number	001

SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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

SEA COAST REALTY, INC. has sponsored the creation of one or more 401k plans.

Company Name: SEA COAST REALTY, INC.

Employer identification number (EIN): 562001526

NAIC Classification: 531210
NAIC Description: Offices of Real Estate Agents and Brokers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01 TIMOTHY MILAM 2021-06-16 TIMOTHY MILAM 2021-06-16
001 2019-01-01 TIMOTHY MILAM 2020-04-30 TIMOTHY MILAM 2020-04-30
001 2018-01-01 TIMOTHY MILAM 2019-05-15 TIMOTHY MILAM 2019-05-15
001 2017-01-01 TIMOTHY MILAM 2018-05-18 TIMOTHY MILAM 2018-05-18
001 2016-01-01 TIMOTHY MILAM 2017-05-03 TIMOTHY MILAM 2017-05-03
001 2015-01-01 TIMOTHY MILAM 2016-04-25 TIMOTHY MILAM 2016-04-25
001 2014-01-01 TIMOTHY MILAM 2015-07-21 TIMOTHY MILAM 2015-07-21
001 2013-01-01 TIMOTHY MILAM 2014-06-13 TIMOTHY MILAM 2014-06-13
001 2012-01-01 TIM MILAM 2013-06-26 TIM MILAM 2013-06-26
001 2011-01-01 TIMOTHY MILAM 2012-07-11 TIMOTHY MILAM 2012-07-11
001 2010-01-01 TIMOTHY MILAM 2011-08-30 TIMOTHY MILAM 2011-08-30

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01	TIMOTHY MILAM	2021-06-16	TIMOTHY MILAM	2021-06-16
001	2019-01-01	TIMOTHY MILAM	2020-04-30	TIMOTHY MILAM	2020-04-30
001	2018-01-01	TIMOTHY MILAM	2019-05-15	TIMOTHY MILAM	2019-05-15
001	2017-01-01	TIMOTHY MILAM	2018-05-18	TIMOTHY MILAM	2018-05-18
001	2016-01-01	TIMOTHY MILAM	2017-05-03	TIMOTHY MILAM	2017-05-03
001	2015-01-01	TIMOTHY MILAM	2016-04-25	TIMOTHY MILAM	2016-04-25
001	2014-01-01	TIMOTHY MILAM	2015-07-21	TIMOTHY MILAM	2015-07-21
001	2013-01-01	TIMOTHY MILAM	2014-06-13	TIMOTHY MILAM	2014-06-13
001	2012-01-01	TIM MILAM	2013-06-26	TIM MILAM	2013-06-26
001	2011-01-01	TIMOTHY MILAM	2012-07-11	TIMOTHY MILAM	2012-07-11
001	2010-01-01	TIMOTHY MILAM	2011-08-30	TIMOTHY MILAM	2011-08-30

Plan Statistics for SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2022: SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 125
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 117
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 15
Total of all active and inactive participants 2022-01-01 132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 132
Number of participants with account balances 2022-01-01 76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 6
2021: SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 130
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 116
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 11
Total of all active and inactive participants 2021-01-01 127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 127
Number of participants with account balances 2021-01-01 76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 4

Measure	Date	Value
2022: SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	125
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	117
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	15
Total of all active and inactive participants	2022-01-01	132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	132
Number of participants with account balances	2022-01-01	76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	6
2021: SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	130
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	116
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	11
Total of all active and inactive participants	2021-01-01	127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	127
Number of participants with account balances	2021-01-01	76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	4

Financial Data on SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN

Measure	Date	Value
2022 : SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$-53,423
Total of all expenses incurred	2022-12-31	$273,743
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$234,194
Value of total corrective distributions	2022-12-31	$2,086
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$476,291
Value of total assets at end of year	2022-12-31	$3,496,453
Value of total assets at beginning of year	2022-12-31	$3,823,619
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$37,463
Total interest from all sources	2022-12-31	$2,011
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Administrative expenses professional fees incurred	2022-12-31	$3,941
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$750,000
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	$361,916
Participant contributions at end of year	2022-12-31	$4,648
Participant contributions at beginning of year	2022-12-31	$7,015
Participant contributions at end of year	2022-12-31	$3,819
Participant contributions at beginning of year	2022-12-31	$2,625
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$4,175
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	$-327,166
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$3,496,453
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$3,823,619
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	$2,723
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$3,353,825
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$3,686,103
Interest on participant loans	2022-12-31	$284
Interest earned on other investments	2022-12-31	$1,727
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$132,402
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$127,043
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-531,725
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
Contributions received in cash from employer	2022-12-31	$110,200
Employer contributions (assets) at end of year	2022-12-31	$1,759
Employer contributions (assets) at beginning of year	2022-12-31	$833
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$234,194
Contract administrator fees	2022-12-31	$30,799
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	ROMEO, WIGGINS & COMPANY, L.L.P.
Accountancy firm EIN	2022-12-31	561627242
2021 : SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$1,066,962
Total of all expenses incurred	2021-12-31	$1,476,676
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$1,436,037
Value of total corrective distributions	2021-12-31	$3,907
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$481,684
Value of total assets at end of year	2021-12-31	$3,823,619
Value of total assets at beginning of year	2021-12-31	$4,233,333
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$36,732
Total interest from all sources	2021-12-31	$1,984
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Administrative expenses professional fees incurred	2021-12-31	$5,321
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$750,000
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	$397,783
Participant contributions at end of year	2021-12-31	$7,015
Participant contributions at beginning of year	2021-12-31	$4,780
Participant contributions at end of year	2021-12-31	$2,625
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$4,827
Other income not declared elsewhere	2021-12-31	$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	2021-12-31	No
Value of net income/loss	2021-12-31	$-409,714
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$3,823,619
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$4,233,333
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
Investment advisory and management fees	2021-12-31	$450
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$3,686,103
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$4,128,332
Interest on participant loans	2021-12-31	$400
Interest earned on other investments	2021-12-31	$1,584
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$127,043
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$100,221
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$583,294
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	$79,074
Employer contributions (assets) at end of year	2021-12-31	$833
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$1,436,037
Contract administrator fees	2021-12-31	$30,961
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	ROMEO, WIGGINS & COMPANY, L.L.P.
Accountancy firm EIN	2021-12-31	561627242

Form 5500 Responses for SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN

2022: SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SEA COAST REALTY, INC. RETIREMENT SAVINGS PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

GAP-C8-GE9N

Policy instance

Insurance contract or identification number	GAP-C8-GE9N
Number of Individuals Covered	76
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $650
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $650
Insurance broker organization code?	3

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

065-81101

Policy instance

Insurance contract or identification number	065-81101
Number of Individuals Covered	76
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $381
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $218
Insurance broker organization code?	3

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Company Name:	SEA COAST REALTY, INC.
Employer identification number (EIN):	562001526
NAIC Classification:	531210
NAIC Description:	Offices of Real Estate Agents and Brokers