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THE GROVES 401(K) PLAN 401k Plan overview

Plan NameTHE GROVES 401(K) PLAN
Plan identification number 001

THE GROVES 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.

401k Sponsoring company profile

MAYBROOK-C OPCO HOLDINGS has sponsored the creation of one or more 401k plans.

Company Name:MAYBROOK-C OPCO HOLDINGS
Employer identification number (EIN):810752511
NAIC Classification:623000
NAIC Description: Nursing and Residential Care Facilities

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012018-01-01
0012017-02-01MICHAEL NEUFELD

Plan Statistics for THE GROVES 401(K) PLAN

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

Measure Date Value
2022: THE GROVES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011,007
Total number of active participants reported on line 7a of the Form 55002022-01-01705
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0173
Total of all active and inactive participants2022-01-01778
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01778
Number of participants with account balances2022-01-01197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: THE GROVES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-011,104
Total number of active participants reported on line 7a of the Form 55002021-01-01846
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0170
Total of all active and inactive participants2021-01-01916
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01916
Number of participants with account balances2021-01-01213
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: THE GROVES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-011,242
Total number of active participants reported on line 7a of the Form 55002020-01-01904
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0170
Total of all active and inactive participants2020-01-01974
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01974
Number of participants with account balances2020-01-01203
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
2019: THE GROVES 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-011,101
Total number of active participants reported on line 7a of the Form 55002019-01-01910
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0149
Total of all active and inactive participants2019-01-01959
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01959
Number of participants with account balances2019-01-01202
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012
2018: THE GROVES 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011,006
Total number of active participants reported on line 7a of the Form 55002018-01-01847
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0137
Total of all active and inactive participants2018-01-01884
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01884
Number of participants with account balances2018-01-01209
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-017
2017: THE GROVES 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-02-01665
Total number of active participants reported on line 7a of the Form 55002017-02-01928
Number of retired or separated participants receiving benefits2017-02-010
Number of other retired or separated participants entitled to future benefits2017-02-017
Total of all active and inactive participants2017-02-01935
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-02-010
Total participants2017-02-01935
Number of participants with account balances2017-02-01178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-02-018

Financial Data on THE GROVES 401(K) PLAN

Measure Date Value
2022 : THE GROVES 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-188,743
Total of all expenses incurred2022-12-31$892,047
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$855,073
Expenses. Certain deemed distributions of participant loans2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$533,079
Value of total assets at end of year2022-12-31$3,184,897
Value of total assets at beginning of year2022-12-31$4,265,687
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$36,974
Total interest from all sources2022-12-31$0
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 year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$400,000
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$408,041
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Participant contributions at end of year2022-12-31$6,769
Participant contributions at beginning of year2022-12-31$2,516
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$15,615
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$9,256
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,080,790
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,184,897
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$4,265,687
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$691
Value of interest in pooled separate accounts at end of year2022-12-31$3,174,676
Value of interest in pooled separate accounts at beginning of year2022-12-31$4,252,828
Interest on participant loans2022-12-31$0
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 benefits2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-721,822
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 contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$109,423
Employer contributions (assets) at end of year2022-12-31$3,452
Employer contributions (assets) at beginning of year2022-12-31$1,087
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$855,073
Contract administrator fees2022-12-31$36,283
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 name2022-12-31BLATT & DAUMAN. LLC
Accountancy firm EIN2022-12-31112778625
2021 : THE GROVES 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$1,017,236
Total of all expenses incurred2021-12-31$544,874
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$501,786
Expenses. Certain deemed distributions of participant loans2021-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$495,054
Value of total assets at end of year2021-12-31$4,265,687
Value of total assets at beginning of year2021-12-31$3,793,325
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$43,088
Total interest from all sources2021-12-31$0
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 year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$0
Administrative expenses professional fees incurred2021-12-31$1,050
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$400,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$372,403
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Participant contributions at end of year2021-12-31$2,516
Participant contributions at beginning of year2021-12-31$3,771
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$10,147
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Total non interest bearing cash at end of year2021-12-31$9,256
Total non interest bearing cash at beginning of year2021-12-31$14,212
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$472,362
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,265,687
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$3,793,325
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$798
Value of interest in pooled separate accounts at end of year2021-12-31$4,252,828
Value of interest in pooled separate accounts at beginning of year2021-12-31$3,774,292
Interest on participant loans2021-12-31$0
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 benefits2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$522,182
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$112,504
Employer contributions (assets) at end of year2021-12-31$1,087
Employer contributions (assets) at beginning of year2021-12-31$1,050
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$501,786
Contract administrator fees2021-12-31$41,240
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 name2021-12-31BLATT & DAUMAN, LLC
Accountancy firm EIN2021-12-31112778625
2020 : THE GROVES 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$1,181,720
Total of all expenses incurred2020-12-31$401,189
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$368,050
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$691,065
Value of total assets at end of year2020-12-31$3,793,325
Value of total assets at beginning of year2020-12-31$3,012,794
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$33,139
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$0
Administrative expenses professional fees incurred2020-12-31$1,150
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$150,000
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$384,678
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Participant contributions at end of year2020-12-31$3,771
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$176,429
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$14,212
Total non interest bearing cash at beginning of year2020-12-31$11,598
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$780,531
Value of net assets at end of year (total assets less liabilities)2020-12-31$3,793,325
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,012,794
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$605
Value of interest in pooled separate accounts at end of year2020-12-31$3,774,292
Value of interest in pooled separate accounts at beginning of year2020-12-31$3,001,196
Interest on participant loans2020-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$490,655
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 contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$129,958
Employer contributions (assets) at end of year2020-12-31$1,050
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$368,050
Contract administrator fees2020-12-31$31,384
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 name2020-12-31BLATT & DAUMAN LLP
Accountancy firm EIN2020-12-31112778625
2019 : THE GROVES 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$1,114,152
Total of all expenses incurred2019-12-31$544,724
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$509,539
Expenses. Certain deemed distributions of participant loans2019-12-31$0
Value of total corrective distributions2019-12-31$4,365
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$543,852
Value of total assets at end of year2019-12-31$3,012,794
Value of total assets at beginning of year2019-12-31$2,443,366
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$30,820
Total interest from all sources2019-12-31$0
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 year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$0
Administrative expenses professional fees incurred2019-12-31$1,600
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$150,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$416,822
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$2,308
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$4,486
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$11,598
Total non interest bearing cash at beginning of year2019-12-31$12,281
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$569,428
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,012,794
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,443,366
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 leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$549
Value of interest in pooled separate accounts at end of year2019-12-31$3,001,196
Value of interest in pooled separate accounts at beginning of year2019-12-31$2,427,755
Interest on participant loans2019-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from pooled separate accounts2019-12-31$570,300
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 contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$122,544
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$1,022
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$509,539
Contract administrator fees2019-12-31$28,671
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
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
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BLATT & DAUMAN, LLP
Accountancy firm EIN2019-12-31112778625
2018 : THE GROVES 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$1,084,168
Total of all expenses incurred2018-12-31$128,283
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$103,246
Expenses. Certain deemed distributions of participant loans2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,249,250
Value of total assets at end of year2018-12-31$2,443,366
Value of total assets at beginning of year2018-12-31$1,487,481
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$25,037
Total interest from all sources2018-12-31$0
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 year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$0
Administrative expenses professional fees incurred2018-12-31$700
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$150,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$539,633
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$0
Participant contributions at end of year2018-12-31$2,308
Participant contributions at beginning of year2018-12-31$16,730
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$558,006
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$0
Total non interest bearing cash at end of year2018-12-31$12,281
Total non interest bearing cash at beginning of year2018-12-31$1,134
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$955,885
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,443,366
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$1,487,481
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$459
Value of interest in pooled separate accounts at end of year2018-12-31$2,427,755
Value of interest in pooled separate accounts at beginning of year2018-12-31$1,465,448
Interest on participant loans2018-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-165,082
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$151,611
Employer contributions (assets) at end of year2018-12-31$1,022
Employer contributions (assets) at beginning of year2018-12-31$4,169
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$103,246
Contract administrator fees2018-12-31$23,878
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 name2018-12-31BLATT & DAUMAN, LLP
Accountancy firm EIN2018-12-31112778625
2017 : THE GROVES 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$2,068,964
Total of all expenses incurred2017-12-31$581,483
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$571,391
Expenses. Certain deemed distributions of participant loans2017-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,925,380
Value of total assets at end of year2017-12-31$1,487,481
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$10,092
Total interest from all sources2017-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$0
Administrative expenses professional fees incurred2017-12-31$350
Was this plan covered by a fidelity bond2017-12-31No
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$343,228
Participant contributions at end of year2017-12-31$0
Participant contributions at end of year2017-12-31$16,730
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$1,471,656
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$0
Total non interest bearing cash at end of year2017-12-31$1,134
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$1,487,481
Value of net assets at end of year (total assets less liabilities)2017-12-31$1,487,481
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$180
Value of interest in pooled separate accounts at end of year2017-12-31$1,465,448
Interest on participant loans2017-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$143,584
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$110,496
Employer contributions (assets) at end of year2017-12-31$4,169
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$571,391
Contract administrator fees2017-12-31$9,562
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 name2017-12-31BLATT & DAUMAN, LLP
Accountancy firm EIN2017-12-31112778625

Form 5500 Responses for THE GROVES 401(K) PLAN

2022: THE GROVES 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE GROVES 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE GROVES 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE GROVES 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: THE GROVES 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: THE GROVES 401(K) PLAN 2017 form 5500 responses
2017-02-01Type of plan entitySingle employer plan
2017-02-01First time form 5500 has been submittedYes
2017-02-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-02-01Plan funding arrangement – InsuranceYes
2017-02-01Plan funding arrangement – TrustYes
2017-02-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number128470
Policy instance 1
Insurance contract or identification number128470
Number of Individuals Covered212
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $19,555
Total amount of fees paid to insurance companyUSD $2,158
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 BrokerUSD $17,774
Insurance broker organization code?3
Amount paid for insurance broker fees2158
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number128470
Policy instance 1
Insurance contract or identification number128470
Number of Individuals Covered226
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $21,754
Total amount of fees paid to insurance companyUSD $1,050
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 BrokerUSD $19,773
Insurance broker organization code?3
Amount paid for insurance broker fees1050
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number128470
Policy instance 1
Insurance contract or identification number128470
Number of Individuals Covered213
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $16,307
Total amount of fees paid to insurance companyUSD $1,150
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $14,822
Insurance broker organization code?3
Amount paid for insurance broker fees1150
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number128470
Policy instance 1
Insurance contract or identification number128470
Number of Individuals Covered211
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $13,526
Total amount of fees paid to insurance companyUSD $2,957
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $13,526
Insurance broker organization code?3
Amount paid for insurance broker fees2957
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number128470
Policy instance 1
Insurance contract or identification number128470
Total amount of commissions paid to insurance brokerUSD $14,510
Total amount of fees paid to insurance companyUSD $700
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $12,080
Insurance broker organization code?3
Additional information about fees paid to insurance brokerTPA COMPENSATION
Amount paid for insurance broker fees700
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number128470
Policy instance 1
Insurance contract or identification number128470
Number of Individuals Covered180
Total amount of commissions paid to insurance brokerUSD $17,927
Total amount of fees paid to insurance companyUSD $372
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $10,822
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?3
Amount paid for insurance broker fees350
Insurance broker nameINTAC ACTUARIAL SERVICES

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