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THE CONNECTME 401(K) PLAN 401k Plan overview

Plan NameTHE CONNECTME 401(K) PLAN
Plan identification number 002

THE CONNECTME 401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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)).
  • Unknown benefit code

401k Sponsoring company profile

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

Company Name:MODERN HR, INC.
Employer identification number (EIN):810741257
NAIC Classification:561300

Additional information about MODERN HR, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2016-06-01
Company Identification Number: 0802469817
Legal Registered Office Address: 7590 N GLENOAKS BLVD STE 200

BURBANK
United States of America (USA)
91504

More information about MODERN HR, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CONNECTME 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01GRACE DRULIAS
0022017-01-01GRACE DRULIAS
0022016-01-01GRACE DRULIAS
0022016-01-01

Plan Statistics for THE CONNECTME 401(K) PLAN

401k plan membership statisitcs for THE CONNECTME 401(K) PLAN

Measure Date Value
2022: THE CONNECTME 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0113,604
Total number of active participants reported on line 7a of the Form 55002022-01-0114,546
Number of retired or separated participants receiving benefits2022-01-0119
Number of other retired or separated participants entitled to future benefits2022-01-01833
Total of all active and inactive participants2022-01-0115,398
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-019
Total participants2022-01-0115,407
Number of participants with account balances2022-01-012,902
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0139
2021: THE CONNECTME 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-019,935
Total number of active participants reported on line 7a of the Form 55002021-01-0111,765
Number of retired or separated participants receiving benefits2021-01-0122
Number of other retired or separated participants entitled to future benefits2021-01-01888
Total of all active and inactive participants2021-01-0112,675
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-017
Total participants2021-01-0112,682
Number of participants with account balances2021-01-012,619
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0160
2020: THE CONNECTME 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0114,047
Total number of active participants reported on line 7a of the Form 55002020-01-018,795
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-01885
Total of all active and inactive participants2020-01-019,681
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-018
Total participants2020-01-019,689
Number of participants with account balances2020-01-012,488
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0174
2019: THE CONNECTME 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0111,697
Total number of active participants reported on line 7a of the Form 55002019-01-0112,169
Number of retired or separated participants receiving benefits2019-01-0121
Number of other retired or separated participants entitled to future benefits2019-01-011,604
Total of all active and inactive participants2019-01-0113,794
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-016
Total participants2019-01-0113,800
Number of participants with account balances2019-01-014,133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0159
2018: THE CONNECTME 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0113,235
Total number of active participants reported on line 7a of the Form 55002018-01-019,917
Number of retired or separated participants receiving benefits2018-01-0119
Number of other retired or separated participants entitled to future benefits2018-01-011,552
Total of all active and inactive participants2018-01-0111,488
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-0111,489
Number of participants with account balances2018-01-014,264
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0166
2017: THE CONNECTME 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0111,447
Total number of active participants reported on line 7a of the Form 55002017-01-0111,587
Number of retired or separated participants receiving benefits2017-01-0116
Number of other retired or separated participants entitled to future benefits2017-01-011,631
Total of all active and inactive participants2017-01-0113,234
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-0113,235
Number of participants with account balances2017-01-013,730
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-01135
2016: THE CONNECTME 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0110,065
Total number of active participants reported on line 7a of the Form 55002016-01-019,655
Number of other retired or separated participants entitled to future benefits2016-01-011,324
Total of all active and inactive participants2016-01-0110,979
Total participants2016-01-0110,979
Number of participants with account balances2016-01-013,538
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0145

Financial Data on THE CONNECTME 401(K) PLAN

Measure Date Value
2022 : THE CONNECTME 401(K) PLAN 2022 401k financial data
Total transfer of assets to this plan2022-12-31$312,686
Total transfer of assets from this plan2022-12-31$2,115,624
Total income from all sources (including contributions)2022-12-31$-208,917
Total of all expenses incurred2022-12-31$10,381,387
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$9,470,372
Expenses. Certain deemed distributions of participant loans2022-12-31$54,203
Value of total corrective distributions2022-12-31$491,902
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$14,167,899
Value of total assets at end of year2022-12-31$85,982,854
Value of total assets at beginning of year2022-12-31$98,376,096
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$364,910
Total interest from all sources2022-12-31$243,460
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$10,839,266
Participant contributions at end of year2022-12-31$1,778,201
Participant contributions at beginning of year2022-12-31$1,901,783
Participant contributions at end of year2022-12-31$131,025
Participant contributions at beginning of year2022-12-31$119,511
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$2,084,622
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$4,209
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$4,669
Administrative expenses (other) incurred2022-12-31$313,160
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-10,590,304
Value of net assets at end of year (total assets less liabilities)2022-12-31$85,982,854
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$98,376,096
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$51,750
Value of interest in pooled separate accounts at end of year2022-12-31$73,588,665
Value of interest in pooled separate accounts at beginning of year2022-12-31$86,111,253
Interest on participant loans2022-12-31$85,133
Interest earned on other investments2022-12-31$158,327
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$10,450,981
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$10,223,860
Net investment gain/loss from pooled separate accounts2022-12-31$-14,620,276
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$1,244,011
Employer contributions (assets) at end of year2022-12-31$29,773
Employer contributions (assets) at beginning of year2022-12-31$15,020
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$9,470,372
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31WALTERS & SKLYAR LLP
Accountancy firm EIN2022-12-31475677171
2021 : THE CONNECTME 401(K) PLAN 2021 401k financial data
Total transfer of assets to this plan2021-12-31$671,514
Total transfer of assets from this plan2021-12-31$8,198,584
Total income from all sources (including contributions)2021-12-31$24,787,642
Total of all expenses incurred2021-12-31$9,192,251
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$8,129,526
Expenses. Certain deemed distributions of participant loans2021-12-31$99,921
Value of total corrective distributions2021-12-31$651,083
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$13,245,885
Value of total assets at end of year2021-12-31$98,376,096
Value of total assets at beginning of year2021-12-31$90,307,775
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$311,721
Total interest from all sources2021-12-31$250,109
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$9,391,227
Participant contributions at end of year2021-12-31$1,901,783
Participant contributions at beginning of year2021-12-31$2,115,498
Participant contributions at end of year2021-12-31$119,511
Participant contributions at beginning of year2021-12-31$105,108
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$3,109,403
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$4,669
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$10,974
Administrative expenses (other) incurred2021-12-31$257,721
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$15,595,391
Value of net assets at end of year (total assets less liabilities)2021-12-31$98,376,096
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$90,307,775
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$54,000
Value of interest in pooled separate accounts at end of year2021-12-31$86,111,253
Value of interest in pooled separate accounts at beginning of year2021-12-31$76,656,229
Interest on participant loans2021-12-31$94,632
Interest earned on other investments2021-12-31$155,477
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$10,223,860
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$11,285,129
Net investment gain/loss from pooled separate accounts2021-12-31$11,291,648
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$745,255
Employer contributions (assets) at end of year2021-12-31$15,020
Employer contributions (assets) at beginning of year2021-12-31$134,837
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$8,129,526
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31WALTERS & SKLYAR LLP
Accountancy firm EIN2021-12-31475677171
2020 : THE CONNECTME 401(K) PLAN 2020 401k financial data
Total transfer of assets from this plan2020-12-31$11,739,056
Total income from all sources (including contributions)2020-12-31$21,971,562
Total of all expenses incurred2020-12-31$10,353,431
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$9,248,977
Expenses. Certain deemed distributions of participant loans2020-12-31$167,056
Value of total corrective distributions2020-12-31$634,570
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$11,151,422
Value of total assets at end of year2020-12-31$90,307,775
Value of total assets at beginning of year2020-12-31$90,428,700
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$302,828
Total interest from all sources2020-12-31$281,057
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$8,658,010
Participant contributions at end of year2020-12-31$2,115,498
Participant contributions at beginning of year2020-12-31$2,286,804
Participant contributions at end of year2020-12-31$105,108
Participant contributions at beginning of year2020-12-31$26,416
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$1,650,056
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$10,974
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$11,284
Administrative expenses (other) incurred2020-12-31$248,828
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$11,618,131
Value of net assets at end of year (total assets less liabilities)2020-12-31$90,307,775
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$90,428,700
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$54,000
Value of interest in pooled separate accounts at end of year2020-12-31$76,656,229
Value of interest in pooled separate accounts at beginning of year2020-12-31$78,944,684
Interest on participant loans2020-12-31$119,849
Interest earned on other investments2020-12-31$161,208
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$11,285,129
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$9,155,237
Net investment gain/loss from pooled separate accounts2020-12-31$10,539,083
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$843,356
Employer contributions (assets) at end of year2020-12-31$134,837
Employer contributions (assets) at beginning of year2020-12-31$4,275
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$9,248,977
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31WALTERS & SKYLAR LLP
Accountancy firm EIN2020-12-31475677171
2019 : THE CONNECTME 401(K) PLAN 2019 401k financial data
Total transfer of assets to this plan2019-12-31$1,906,159
Total transfer of assets to this plan2019-12-31$1,906,159
Total transfer of assets from this plan2019-12-31$10,291,010
Total transfer of assets from this plan2019-12-31$10,291,010
Total income from all sources (including contributions)2019-12-31$26,514,640
Total income from all sources (including contributions)2019-12-31$26,514,640
Total of all expenses incurred2019-12-31$10,713,601
Total of all expenses incurred2019-12-31$10,713,601
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$10,268,942
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$10,268,942
Expenses. Certain deemed distributions of participant loans2019-12-31$41,857
Expenses. Certain deemed distributions of participant loans2019-12-31$41,857
Value of total corrective distributions2019-12-31$119,911
Value of total corrective distributions2019-12-31$119,911
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$10,866,252
Value of total assets at end of year2019-12-31$90,428,700
Value of total assets at end of year2019-12-31$90,428,700
Value of total assets at beginning of year2019-12-31$83,012,512
Value of total assets at beginning of year2019-12-31$83,012,512
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$282,891
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$282,891
Total interest from all sources2019-12-31$282,927
Total interest from all sources2019-12-31$282,927
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$9,283,905
Contributions received from participants2019-12-31$9,283,905
Participant contributions at end of year2019-12-31$2,286,804
Participant contributions at end of year2019-12-31$2,286,804
Participant contributions at beginning of year2019-12-31$2,492,592
Participant contributions at beginning of year2019-12-31$2,492,592
Participant contributions at end of year2019-12-31$26,416
Participant contributions at end of year2019-12-31$26,416
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$950,038
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$950,038
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$11,284
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$11,284
Administrative expenses (other) incurred2019-12-31$228,891
Administrative expenses (other) incurred2019-12-31$228,891
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$15,801,039
Value of net income/loss2019-12-31$15,801,039
Value of net assets at end of year (total assets less liabilities)2019-12-31$90,428,700
Value of net assets at end of year (total assets less liabilities)2019-12-31$90,428,700
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$83,012,512
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$83,012,512
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$54,000
Value of interest in pooled separate accounts at end of year2019-12-31$78,944,684
Value of interest in pooled separate accounts at end of year2019-12-31$78,944,684
Value of interest in pooled separate accounts at beginning of year2019-12-31$70,127,357
Value of interest in pooled separate accounts at beginning of year2019-12-31$70,127,357
Interest on participant loans2019-12-31$136,018
Interest on participant loans2019-12-31$136,018
Interest earned on other investments2019-12-31$146,909
Interest earned on other investments2019-12-31$146,909
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$9,155,237
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$10,117,319
Net investment gain/loss from pooled separate accounts2019-12-31$15,365,461
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$632,309
Contributions received in cash from employer2019-12-31$632,309
Employer contributions (assets) at end of year2019-12-31$4,275
Employer contributions (assets) at end of year2019-12-31$4,275
Employer contributions (assets) at beginning of year2019-12-31$275,244
Employer contributions (assets) at beginning of year2019-12-31$275,244
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$10,268,942
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$10,268,942
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31WALTERS & SKLYAR LLP
Accountancy firm name2019-12-31WALTERS & SKLYAR LLP
Accountancy firm EIN2019-12-31475677171
Accountancy firm EIN2019-12-31475677171
2018 : THE CONNECTME 401(K) PLAN 2018 401k financial data
Total transfer of assets to this plan2018-12-31$6,114,365
Total income from all sources (including contributions)2018-12-31$7,421,967
Total of all expenses incurred2018-12-31$12,268,567
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$12,058,705
Expenses. Certain deemed distributions of participant loans2018-12-31$12,891
Value of total corrective distributions2018-12-31$103,251
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$12,204,044
Value of total assets at end of year2018-12-31$83,012,512
Value of total assets at beginning of year2018-12-31$81,744,747
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$93,720
Total interest from all sources2018-12-31$250,217
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$9,924,581
Participant contributions at end of year2018-12-31$2,492,592
Participant contributions at beginning of year2018-12-31$2,396,819
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$1,116,254
Administrative expenses (other) incurred2018-12-31$39,720
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-4,846,600
Value of net assets at end of year (total assets less liabilities)2018-12-31$83,012,512
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$81,744,747
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$54,000
Value of interest in pooled separate accounts at end of year2018-12-31$70,127,357
Value of interest in pooled separate accounts at beginning of year2018-12-31$69,588,532
Interest on participant loans2018-12-31$120,961
Interest earned on other investments2018-12-31$129,256
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$10,117,319
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$9,759,396
Net investment gain/loss from pooled separate accounts2018-12-31$-5,032,294
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$1,163,209
Employer contributions (assets) at end of year2018-12-31$275,244
Employer contributions (assets) at beginning of year2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$12,058,705
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31WALTERS & SKLYAR LLP
Accountancy firm EIN2018-12-31475677171
2017 : THE CONNECTME 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$20,736,581
Total of all expenses incurred2017-12-31$10,361,126
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$10,160,393
Expenses. Certain deemed distributions of participant loans2017-12-31$76,856
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$11,001,264
Value of total assets at end of year2017-12-31$81,744,747
Value of total assets at beginning of year2017-12-31$71,369,292
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$123,877
Total interest from all sources2017-12-31$205,001
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$8,523,824
Participant contributions at end of year2017-12-31$2,396,819
Participant contributions at beginning of year2017-12-31$1,880,809
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$1,255,561
Administrative expenses (other) incurred2017-12-31$69,877
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$10,375,455
Value of net assets at end of year (total assets less liabilities)2017-12-31$81,744,747
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$71,369,292
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$54,000
Value of interest in pooled separate accounts at end of year2017-12-31$69,588,532
Value of interest in pooled separate accounts at beginning of year2017-12-31$59,615,356
Interest on participant loans2017-12-31$94,273
Interest earned on other investments2017-12-31$110,728
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$9,759,396
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$9,873,127
Net investment gain/loss from pooled separate accounts2017-12-31$9,530,316
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$1,221,879
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$10,160,393
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31WALTERS & SKLYAR LLP
Accountancy firm EIN2017-12-31475677171
2016 : THE CONNECTME 401(K) PLAN 2016 401k financial data
Total transfer of assets to this plan2016-12-31$428,926
Total transfer of assets from this plan2016-12-31$81,453
Total income from all sources (including contributions)2016-12-31$17,642,106
Total of all expenses incurred2016-12-31$8,717,544
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$8,053,925
Expenses. Certain deemed distributions of participant loans2016-12-31$14,007
Value of total corrective distributions2016-12-31$472,347
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$13,050,631
Value of total assets at end of year2016-12-31$71,369,292
Value of total assets at beginning of year2016-12-31$62,097,257
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$177,265
Total interest from all sources2016-12-31$78,140
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$8,673,608
Participant contributions at end of year2016-12-31$1,880,809
Participant contributions at beginning of year2016-12-31$2,022,591
Participant contributions at beginning of year2016-12-31$59,319
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$3,142,941
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$8,268
Other income not declared elsewhere2016-12-31$149,504
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$8,924,562
Value of net assets at end of year (total assets less liabilities)2016-12-31$71,369,292
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$62,097,257
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$59,615,356
Value of interest in pooled separate accounts at beginning of year2016-12-31$50,703,319
Interest on participant loans2016-12-31$78,140
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$9,873,127
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$9,234,249
Net investment gain/loss from pooled separate accounts2016-12-31$4,363,831
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$1,234,082
Employer contributions (assets) at beginning of year2016-12-31$69,511
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$8,053,925
Contract administrator fees2016-12-31$177,265
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31WALTERS & SKYLAR LLP
Accountancy firm EIN2016-12-31475677171

Form 5500 Responses for THE CONNECTME 401(K) PLAN

2022: THE CONNECTME 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE CONNECTME 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entityMulitple employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE CONNECTME 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entityMulitple employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE CONNECTME 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entityMulitple employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: THE CONNECTME 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entityMulitple employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: THE CONNECTME 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entityMulitple employer plan
2017-01-01Submission has been amendedYes
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: THE CONNECTME 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entityMulitple employer plan
2016-01-01Submission has been amendedYes
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930040
Policy instance 1
Insurance contract or identification number930040
Number of Individuals Covered2902
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930040
Policy instance 1
Insurance contract or identification number930040
Number of Individuals Covered2619
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930040
Policy instance 1
Insurance contract or identification number930040
Number of Individuals Covered2488
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930040
Policy instance 1
Insurance contract or identification number930040
Number of Individuals Covered4133
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930040
Policy instance 1
Insurance contract or identification number930040
Number of Individuals Covered4264
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number930040
Policy instance 1
Insurance contract or identification number930040
Number of Individuals Covered3730
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
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

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