LOTUS GROUP USA, INC. has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
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2022 : LOTUS GROUP 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 | $9,831 |
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 | $716,627 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $648,276 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $635,377 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,767,710 |
Value of total assets at end of year | 2022-12-31 | $5,593,575 |
Value of total assets at beginning of year | 2022-12-31 | $5,515,393 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $12,899 |
Total interest from all sources | 2022-12-31 | $17,294 |
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 | $1,152,041 |
Participant contributions at end of year | 2022-12-31 | $1,331 |
Participant contributions at beginning of year | 2022-12-31 | $1,331 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $239,937 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $9,831 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $0 |
Administrative expenses (other) incurred | 2022-12-31 | $60 |
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 | $68,351 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $5,583,744 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $5,515,393 |
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 | $12,689 |
Value of interest in pooled separate accounts at end of year | 2022-12-31 | $5,076,537 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $4,493,828 |
Interest earned on other investments | 2022-12-31 | $17,294 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $514,162 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $653,708 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-1,068,377 |
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 | $375,732 |
Employer contributions (assets) at end of year | 2022-12-31 | $1,545 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $366,526 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $635,377 |
Contract administrator fees | 2022-12-31 | $150 |
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 | PERKINS & COMPANY, PC |
Accountancy firm EIN | 2022-12-31 | 930928924 |
2021 : LOTUS GROUP 401(K) 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 | $27,090 |
Total income from all sources (including contributions) | 2021-12-31 | $1,956,180 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $104,070 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $85,214 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,426,454 |
Value of total assets at end of year | 2021-12-31 | $5,515,393 |
Value of total assets at beginning of year | 2021-12-31 | $3,690,373 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $18,856 |
Total interest from all sources | 2021-12-31 | $19,954 |
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 | $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 | $982,479 |
Participant contributions at end of year | 2021-12-31 | $1,331 |
Participant contributions at beginning of year | 2021-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $44,381 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $27,090 |
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 | $1,852,110 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $5,515,393 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $3,663,283 |
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 | $18,026 |
Value of interest in pooled separate accounts at end of year | 2021-12-31 | $4,493,828 |
Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $2,754,623 |
Interest earned on other investments | 2021-12-31 | $19,954 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $653,708 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $674,505 |
Net investment gain/loss from pooled separate accounts | 2021-12-31 | $509,772 |
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 | $399,594 |
Employer contributions (assets) at end of year | 2021-12-31 | $366,526 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $261,245 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $85,214 |
Contract administrator fees | 2021-12-31 | $830 |
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 | PERKINS & COMPANY, PC |
Accountancy firm EIN | 2021-12-31 | 930928924 |
2020 : LOTUS GROUP 401(K) PLAN 2020 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $27,090 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $35,887 |
Total income from all sources (including contributions) | 2020-12-31 | $1,345,757 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $260,487 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $225,012 |
Value of total corrective distributions | 2020-12-31 | $27,090 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,068,760 |
Value of total assets at end of year | 2020-12-31 | $3,690,373 |
Value of total assets at beginning of year | 2020-12-31 | $2,613,900 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $8,385 |
Total interest from all sources | 2020-12-31 | $15,955 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $250,000 |
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 | $708,595 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $98,920 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-12-31 | $27,090 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-12-31 | $35,887 |
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 | $1,085,270 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $3,663,283 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $2,578,013 |
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 |
Investment advisory and management fees | 2020-12-31 | $7,497 |
Value of interest in pooled separate accounts at end of year | 2020-12-31 | $2,754,623 |
Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $2,365,523 |
Interest earned on other investments | 2020-12-31 | $15,955 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $674,505 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $68,148 |
Net investment gain/loss from pooled separate accounts | 2020-12-31 | $261,042 |
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 | $261,245 |
Employer contributions (assets) at end of year | 2020-12-31 | $261,245 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $180,229 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $225,012 |
Contract administrator fees | 2020-12-31 | $888 |
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 | PERKINS & COMPANY, PC |
Accountancy firm EIN | 2020-12-31 | 930928924 |
2019 : LOTUS GROUP 401(K) PLAN 2019 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $35,887 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total income from all sources (including contributions) | 2019-12-31 | $1,067,109 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $195,728 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $153,673 |
Value of total corrective distributions | 2019-12-31 | $35,887 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $701,598 |
Value of total assets at end of year | 2019-12-31 | $2,613,900 |
Value of total assets at beginning of year | 2019-12-31 | $1,706,632 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $6,168 |
Total interest from all sources | 2019-12-31 | $1,353 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $250,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $521,369 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2019-12-31 | $35,887 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-12-31 | $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 | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $871,381 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $2,578,013 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $1,706,632 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Investment advisory and management fees | 2019-12-31 | $5,718 |
Value of interest in pooled separate accounts at end of year | 2019-12-31 | $2,365,523 |
Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $1,569,569 |
Interest earned on other investments | 2019-12-31 | $1,353 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $68,148 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $26,640 |
Net investment gain/loss from pooled separate accounts | 2019-12-31 | $364,158 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Contributions received in cash from employer | 2019-12-31 | $180,229 |
Employer contributions (assets) at end of year | 2019-12-31 | $180,229 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $110,423 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $153,673 |
Contract administrator fees | 2019-12-31 | $450 |
Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | PERKINS & COMPANY, PC |
Accountancy firm EIN | 2019-12-31 | 930928924 |