SPECTRUM ACADEMY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SPECTRUM ACADEMY 401(K) RETIREMENT PLAN
Measure | Date | Value |
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2022 : SPECTRUM ACADEMY 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 | $74,176 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $577,196 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $526,513 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $963,572 |
Value of total assets at end of year | 2022-12-31 | $4,801,249 |
Value of total assets at beginning of year | 2022-12-31 | $5,304,269 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $50,683 |
Total interest from all sources | 2022-12-31 | $2,867 |
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 | $403,716 |
Participant contributions at end of year | 2022-12-31 | $67,631 |
Participant contributions at beginning of year | 2022-12-31 | $70,202 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $19,151 |
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 | $-503,020 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $4,801,249 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $5,304,269 |
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 pooled separate accounts at end of year | 2022-12-31 | $4,732,515 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $5,234,067 |
Interest on participant loans | 2022-12-31 | $2,867 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $1,103 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-892,263 |
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 | $540,705 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $526,513 |
Contract administrator fees | 2022-12-31 | $50,683 |
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 | SQUIRE & COMPANY, PC |
Accountancy firm EIN | 2022-12-31 | 870343246 |
2021 : SPECTRUM ACADEMY 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 | $1,476,590 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $273,403 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $239,423 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $832,238 |
Value of total assets at end of year | 2021-12-31 | $5,304,269 |
Value of total assets at beginning of year | 2021-12-31 | $4,101,082 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $33,980 |
Total interest from all sources | 2021-12-31 | $2,660 |
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 | $50,000 |
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 | $343,448 |
Participant contributions at end of year | 2021-12-31 | $70,202 |
Participant contributions at beginning of year | 2021-12-31 | $36,520 |
Participant contributions at end of year | 2021-12-31 | $0 |
Participant contributions at beginning of year | 2021-12-31 | $535 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $3,645 |
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 | $1,203,187 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $5,304,269 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $4,101,082 |
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 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $0 |
Value of interest in pooled separate accounts at end of year | 2021-12-31 | $5,234,067 |
Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $4,062,732 |
Interest on participant loans | 2021-12-31 | $2,660 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $641,692 |
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 | $485,145 |
Employer contributions (assets) at end of year | 2021-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $1,295 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $239,423 |
Contract administrator fees | 2021-12-31 | $33,980 |
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 | SQUIRE & COMPANY, PC |
Accountancy firm EIN | 2021-12-31 | 870343246 |
2020 : SPECTRUM ACADEMY 401(K) RETIREMENT 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 | $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 | $1,407,899 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $160,801 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $139,088 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $832,431 |
Value of total assets at end of year | 2020-12-31 | $4,101,082 |
Value of total assets at beginning of year | 2020-12-31 | $2,853,984 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $21,713 |
Total interest from all sources | 2020-12-31 | $2,460 |
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 | $10,000 |
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 | $283,120 |
Participant contributions at end of year | 2020-12-31 | $36,520 |
Participant contributions at beginning of year | 2020-12-31 | $55,477 |
Participant contributions at end of year | 2020-12-31 | $535 |
Participant contributions at beginning of year | 2020-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $115,142 |
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 | $1,247,098 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $4,101,082 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $2,853,984 |
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 pooled separate accounts at end of year | 2020-12-31 | $4,062,732 |
Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $2,783,948 |
Interest on participant loans | 2020-12-31 | $2,460 |
Net investment gain/loss from pooled separate accounts | 2020-12-31 | $573,008 |
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 | $434,169 |
Employer contributions (assets) at end of year | 2020-12-31 | $1,295 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $14,559 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $139,088 |
Contract administrator fees | 2020-12-31 | $21,713 |
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 | SQUIRE & COMPANY, PC |
Accountancy firm EIN | 2020-12-31 | 870343246 |
2019 : SPECTRUM ACADEMY 401(K) RETIREMENT 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 | $0 |
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 | $1,200,865 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $405,891 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $391,516 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $697,492 |
Value of total assets at end of year | 2019-12-31 | $2,853,984 |
Value of total assets at beginning of year | 2019-12-31 | $2,059,010 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $14,375 |
Total interest from all sources | 2019-12-31 | $3,581 |
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 | $10,000 |
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 | $251,846 |
Participant contributions at end of year | 2019-12-31 | $55,477 |
Participant contributions at beginning of year | 2019-12-31 | $67,291 |
Participant contributions at end of year | 2019-12-31 | $0 |
Participant contributions at beginning of year | 2019-12-31 | $9,585 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $49,754 |
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 | $794,974 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $2,853,984 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $2,059,010 |
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 |
Value of interest in pooled separate accounts at end of year | 2019-12-31 | $2,783,948 |
Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $1,961,712 |
Interest on participant loans | 2019-12-31 | $3,581 |
Net investment gain/loss from pooled separate accounts | 2019-12-31 | $499,792 |
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 | $395,892 |
Employer contributions (assets) at end of year | 2019-12-31 | $14,559 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $20,422 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $391,516 |
Contract administrator fees | 2019-12-31 | $14,375 |
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 | SQUIRE & COMPANY, PC |
Accountancy firm EIN | 2019-12-31 | 870343246 |
2018 : SPECTRUM ACADEMY 401(K) RETIREMENT PLAN 2018 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
Total transfer of assets to this plan | 2018-12-31 | $2,044,414 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total income from all sources (including contributions) | 2018-12-31 | $37,877 |
Total loss/gain on sale of assets | 2018-12-31 | $0 |
Total of all expenses incurred | 2018-12-31 | $23,281 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $23,116 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $123,141 |
Value of total assets at end of year | 2018-12-31 | $2,059,010 |
Value of total assets at beginning of year | 2018-12-31 | $0 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $165 |
Total interest from all sources | 2018-12-31 | $614 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $10,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $77,759 |
Participant contributions at end of year | 2018-12-31 | $67,291 |
Participant contributions at beginning of year | 2018-12-31 | $0 |
Participant contributions at end of year | 2018-12-31 | $9,585 |
Participant contributions at beginning of year | 2018-12-31 | $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 | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $14,596 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $2,059,010 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $0 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2018-12-31 | $1,961,712 |
Value of interest in pooled separate accounts at beginning of year | 2018-12-31 | $0 |
Interest on participant loans | 2018-12-31 | $614 |
Net investment gain/loss from pooled separate accounts | 2018-12-31 | $-85,878 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $45,382 |
Employer contributions (assets) at end of year | 2018-12-31 | $20,422 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $23,116 |
Contract administrator fees | 2018-12-31 | $165 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2018-12-31 | Yes |
Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | SQUIRE & CO |
Accountancy firm EIN | 2018-12-31 | 870343246 |