A GIFTED EDUCATION, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan A GIFTED EDUCATION RETIREMENT PLAN & TRUST
Measure | Date | Value |
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2022: A GIFTED EDUCATION RETIREMENT PLAN & TRUST 2022 401k membership |
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Total participants, beginning-of-year | 2022-01-01 | 117 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 100 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 4 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 36 |
Total of all active and inactive participants | 2022-01-01 | 140 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 140 |
Number of participants with account balances | 2022-01-01 | 118 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 1 |
2021: A GIFTED EDUCATION RETIREMENT PLAN & TRUST 2021 401k membership |
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Total participants, beginning-of-year | 2021-01-01 | 102 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 78 |
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 | 39 |
Total of all active and inactive participants | 2021-01-01 | 117 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
Total participants | 2021-01-01 | 117 |
Number of participants with account balances | 2021-01-01 | 115 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
Measure | Date | Value |
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2022 : A GIFTED EDUCATION RETIREMENT PLAN & TRUST 2022 401k financial data |
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Transfers to/from the plan | 2022-12-31 | $0 |
Total plan liabilities at end of year | 2022-12-31 | $0 |
Total plan liabilities at beginning of year | 2022-12-31 | $0 |
Total income from all sources | 2022-12-31 | $-804,335 |
Expenses. Total of all expenses incurred | 2022-12-31 | $166,664 |
Benefits paid (including direct rollovers) | 2022-12-31 | $165,995 |
Total plan assets at end of year | 2022-12-31 | $7,970,201 |
Total plan assets at beginning of year | 2022-12-31 | $8,941,200 |
Value of fidelity bond covering the plan | 2022-12-31 | $500,000 |
Total contributions received or receivable from participants | 2022-12-31 | $656,971 |
Expenses. Other expenses not covered elsewhere | 2022-12-31 | $0 |
Contributions received from other sources (not participants or employers) | 2022-12-31 | $1,471 |
Other income received | 2022-12-31 | $-1,678,659 |
Noncash contributions received | 2022-12-31 | $0 |
Net income (gross income less expenses) | 2022-12-31 | $-970,999 |
Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $7,970,201 |
Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $8,941,200 |
Assets. Value of participant loans | 2022-12-31 | $4,378 |
Total contributions received or receivable from employer(s) | 2022-12-31 | $215,882 |
Value of corrective distributions | 2022-12-31 | $0 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2022-12-31 | $669 |
2021 : A GIFTED EDUCATION RETIREMENT PLAN & TRUST 2021 401k financial data |
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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 | $1,983,282 |
Total of all expenses incurred | 2021-12-31 | $372,893 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $366,399 |
Expenses. Certain deemed distributions of participant loans | 2021-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $812,686 |
Value of total assets at end of year | 2021-12-31 | $8,941,200 |
Value of total assets at beginning of year | 2021-12-31 | $7,330,811 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $6,494 |
Total interest from all sources | 2021-12-31 | $1,896 |
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 | No |
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 | $631,318 |
Participant contributions at end of year | 2021-12-31 | $12,123 |
Participant contributions at beginning of year | 2021-12-31 | $31,166 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $1,451 |
Other income not declared elsewhere | 2021-12-31 | $0 |
Administrative expenses (other) incurred | 2021-12-31 | $6,494 |
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 | $1,610,389 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $8,941,200 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $7,330,811 |
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 | $8,851,679 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $7,234,772 |
Interest on participant loans | 2021-12-31 | $1,234 |
Interest earned on other investments | 2021-12-31 | $662 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $77,398 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $64,873 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2021-12-31 | $0 |
Net investment gain/loss from pooled separate accounts | 2021-12-31 | $1,168,700 |
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 | $179,917 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $366,399 |
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 |