AIRTEK CONSTRUCTION INC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan AIRTEK CONSTRUCTION 401(K) RETIREMENT PLAN
Measure | Date | Value |
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2022 : AIRTEK CONSTRUCTION 401(K) RETIREMENT 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 | $-1,468,025 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $1,292,200 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,167,923 |
Value of total corrective distributions | 2022-12-31 | $47,398 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,129,216 |
Value of total assets at end of year | 2022-12-31 | $12,527,936 |
Value of total assets at beginning of year | 2022-12-31 | $15,288,161 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $76,879 |
Total interest from all sources | 2022-12-31 | $9,973 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
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 | $778,374 |
Participant contributions at end of year | 2022-12-31 | $170,172 |
Participant contributions at beginning of year | 2022-12-31 | $188,538 |
Participant contributions at end of year | 2022-12-31 | $16,430 |
Participant contributions at beginning of year | 2022-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $3,528 |
Total non interest bearing cash at end of year | 2022-12-31 | $21,157 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $15,767 |
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 | $-2,760,225 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $12,527,936 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $15,288,161 |
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 | $44,665 |
Value of interest in pooled separate accounts at end of year | 2022-12-31 | $12,274,824 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $15,083,856 |
Interest on participant loans | 2022-12-31 | $9,973 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-2,607,214 |
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 | $347,314 |
Employer contributions (assets) at end of year | 2022-12-31 | $45,353 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $1,167,923 |
Contract administrator fees | 2022-12-31 | $32,214 |
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 | THE HIGHLAND ACCOUNTING GROUP, INC. |
Accountancy firm EIN | 2022-12-31 | 823217974 |
2021 : AIRTEK CONSTRUCTION 401(K) RETIREMENT PLAN 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 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 | $2,691,272 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $842,940 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $677,493 |
Value of total corrective distributions | 2021-12-31 | $82,161 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $846,816 |
Value of total assets at end of year | 2021-12-31 | $15,288,161 |
Value of total assets at beginning of year | 2021-12-31 | $13,439,829 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $83,286 |
Total interest from all sources | 2021-12-31 | $1,844,456 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $1,000,000 |
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 | $672,408 |
Participant contributions at end of year | 2021-12-31 | $188,538 |
Participant contributions at beginning of year | 2021-12-31 | $131,011 |
Total non interest bearing cash at end of year | 2021-12-31 | $15,767 |
Total non interest bearing cash at beginning of year | 2021-12-31 | $12,390 |
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 | $1,848,332 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $15,288,161 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $13,439,829 |
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 | $40,102 |
Value of interest in pooled separate accounts at end of year | 2021-12-31 | $15,083,856 |
Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $13,296,428 |
Income. Interest from US Government securities | 2021-12-31 | $10,532 |
Income. Interest from corporate debt instruments | 2021-12-31 | $1,833,930 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $-6 |
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 | $174,408 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $677,493 |
Contract administrator fees | 2021-12-31 | $43,184 |
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 | THE HIGHLAND ACCOUNTING GROUP, INC. |
Accountancy firm EIN | 2021-12-31 | 823217974 |