401k Plan data: INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN plan

INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN
Plan identification number	004

INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING 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

INTELLECTECHS, INC. has sponsored the creation of one or more 401k plans.

Company Name: INTELLECTECHS, INC.

Employer identification number (EIN): 800296101

NAIC Classification: 541513
NAIC Description: Computer Facilities Management Services

Additional information about INTELLECTECHS, INC.

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 2008-11-21

Company Identification Number: 0702328

Legal Registered Office Address: 195 S ROSEMONT RD

VIRGINIA BEACH
United States of America (USA)
23452

More information about INTELLECTECHS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
004 2022-01-01
004 2021-01-01
004 2020-01-01 JERI PROPHET 2021-07-15
004 2018-01-01
004 2017-01-01
004 2016-01-01

Plan Statistics for INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 188
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 114
Number of retired or separated participants receiving benefits 2022-01-01 2
Number of other retired or separated participants entitled to future benefits 2022-01-01 102
Total of all active and inactive participants 2022-01-01 218
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 218
Number of participants with account balances 2022-01-01 204
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 173
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 64
Number of retired or separated participants receiving benefits 2021-01-01 1
Number of other retired or separated participants entitled to future benefits 2021-01-01 120
Total of all active and inactive participants 2021-01-01 185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 185
Number of participants with account balances 2021-01-01 175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 1

Measure	Date	Value
2022: INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	188
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	114
Number of retired or separated participants receiving benefits	2022-01-01	2
Number of other retired or separated participants entitled to future benefits	2022-01-01	102
Total of all active and inactive participants	2022-01-01	218
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	218
Number of participants with account balances	2022-01-01	204
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	173
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	64
Number of retired or separated participants receiving benefits	2021-01-01	1
Number of other retired or separated participants entitled to future benefits	2021-01-01	120
Total of all active and inactive participants	2021-01-01	185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	185
Number of participants with account balances	2021-01-01	175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	1

Financial Data on INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2022 : INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$309,071
Total of all expenses incurred	2022-12-31	$345,410
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$315,692
Expenses. Certain deemed distributions of participant loans	2022-12-31	$0
Value of total corrective distributions	2022-12-31	$1,917
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$501,801
Value of total assets at end of year	2022-12-31	$1,138,692
Value of total assets at beginning of year	2022-12-31	$1,175,031
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$27,801
Total interest from all sources	2022-12-31	$50
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
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$0
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$125,000
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	$38,171
Participant contributions at end of year	2022-12-31	$646
Participant contributions at beginning of year	2022-12-31	$2,133
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$0
Total non interest bearing cash at end of year	2022-12-31	$3,897
Total non interest bearing cash at beginning of year	2022-12-31	$3,897
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	$-36,339
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$1,138,692
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$1,175,031
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	$5,025
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$1,134,149
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$1,169,001
Interest on participant loans	2022-12-31	$50
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2022-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-192,780
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	$463,630
Employer contributions (assets) at end of year	2022-12-31	$0
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	$315,692
Contract administrator fees	2022-12-31	$22,776
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	WALL, EINHORN & CHERNITZER, P.C.
Accountancy firm EIN	2022-12-31	541417420
2021 : INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$602,968
Total of all expenses incurred	2021-12-31	$255,163
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$231,115
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	$461,254
Value of total assets at end of year	2021-12-31	$1,175,031
Value of total assets at beginning of year	2021-12-31	$827,226
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$24,048
Total interest from all sources	2021-12-31	$260
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
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$0
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$125,000
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	$53,560
Participant contributions at end of year	2021-12-31	$2,133
Participant contributions at beginning of year	2021-12-31	$19,688
Participant contributions at end of year	2021-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$23,556
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$0
Total non interest bearing cash at end of year	2021-12-31	$3,897
Total non interest bearing cash at beginning of year	2021-12-31	$3,758
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	$347,805
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$1,175,031
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$827,226
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	$1,169,001
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$803,780
Interest on participant loans	2021-12-31	$260
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2021-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$141,454
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	$384,138
Employer contributions (assets) at end of year	2021-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$231,115
Contract administrator fees	2021-12-31	$24,048
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	WALL, EINHORN & CHERNITZER, P.C.
Accountancy firm EIN	2021-12-31	541417420

Form 5500 Responses for INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN

2022: INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
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: INTELLECTECHS, INC. INTELLECTECHS-SCA-TX 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
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

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

124452

Policy instance

Insurance contract or identification number	124452
Number of Individuals Covered	226
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $5,074
Total amount of fees paid to insurance company	USD $5,609
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	5100
Additional information about fees paid to insurance broker	TPA FEES
Insurance broker organization code?	5

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

124452

Policy instance

Insurance contract or identification number	124452
Number of Individuals Covered	193
Total amount of commissions paid to insurance broker	USD $5,108
Total amount of fees paid to insurance company	USD $2,240
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or 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 $5,108
Additional information about fees paid to insurance broker	BROKER COMMISSIONS
Insurance broker organization code?	4
Amount paid for insurance broker fees	1725

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Company Name:	INTELLECTECHS, INC.
Employer identification number (EIN):	800296101
NAIC Classification:	541513
NAIC Description:	Computer Facilities Management Services

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	2008-11-21
Company Identification Number:	0702328
Legal Registered Office Address:	195 S ROSEMONT RD VIRGINIA BEACH United States of America (USA) 23452

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
004	2022-01-01
004	2021-01-01
004	2020-01-01	JERI PROPHET	2021-07-15
004	2018-01-01
004	2017-01-01
004	2016-01-01