SUNBIT, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SUNBIT, INC. 401(K)
| Measure | Date | Value |
|---|
| 2023 : SUNBIT, INC. 401(K) 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total transfer of assets to this plan | 2023-12-31 | $0 |
| Total transfer of assets from this plan | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $3,080,846 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $540,309 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $514,901 |
| Expenses. Certain deemed distributions of participant loans | 2023-12-31 | $7,253 |
| Value of total corrective distributions | 2023-12-31 | $5,811 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $2,239,377 |
| Value of total assets at end of year | 2023-12-31 | $5,965,096 |
| Value of total assets at beginning of year | 2023-12-31 | $3,424,559 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $12,344 |
| Total interest from all sources | 2023-12-31 | $4,307 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $110,747 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $110,747 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $343,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $1,822,367 |
| Participant contributions at end of year | 2023-12-31 | $118,200 |
| Participant contributions at beginning of year | 2023-12-31 | $31,782 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $169,112 |
| Other income not declared elsewhere | 2023-12-31 | $169 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $2,540,537 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $5,965,096 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $3,424,559 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Investment advisory and management fees | 2023-12-31 | $295 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $5,792,589 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $3,328,820 |
| Interest on participant loans | 2023-12-31 | $4,307 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $54,307 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $63,957 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $724,489 |
| Net investment gain or loss from common/collective trusts | 2023-12-31 | $1,757 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $247,898 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $514,901 |
| Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | PENSION ASSURANCE LLP |
| Accountancy firm EIN | 2023-12-31 | 300840934 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| Total transfer of assets to this plan | 2023-01-01 | $0 |
| Total transfer of assets from this plan | 2023-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total income from all sources (including contributions) | 2023-01-01 | $3,080,846 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $540,309 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $514,901 |
| Expenses. Certain deemed distributions of participant loans | 2023-01-01 | $7,253 |
| Value of total corrective distributions | 2023-01-01 | $5,811 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $2,239,377 |
| Value of total assets at end of year | 2023-01-01 | $5,965,096 |
| Value of total assets at beginning of year | 2023-01-01 | $3,424,559 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $12,344 |
| Total interest from all sources | 2023-01-01 | $4,307 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $110,747 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $110,747 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $343,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $1,822,367 |
| Participant contributions at end of year | 2023-01-01 | $118,200 |
| Participant contributions at beginning of year | 2023-01-01 | $31,782 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $169,112 |
| Other income not declared elsewhere | 2023-01-01 | $169 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $2,540,537 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $5,965,096 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $3,424,559 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Investment advisory and management fees | 2023-01-01 | $295 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $5,792,589 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $3,328,820 |
| Interest on participant loans | 2023-01-01 | $4,307 |
| Value of interest in common/collective trusts at end of year | 2023-01-01 | $54,307 |
| Value of interest in common/collective trusts at beginning of year | 2023-01-01 | $63,957 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $724,489 |
| Net investment gain or loss from common/collective trusts | 2023-01-01 | $1,757 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $247,898 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $514,901 |
| Did the plan have assets held for investment | 2023-01-01 | 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 | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | PENSION ASSURANCE LLP |
| Accountancy firm EIN | 2023-01-01 | 300840934 |
| 2022 : SUNBIT, INC. 401(K) 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total transfer of assets to this plan | 2022-12-31 | $0 |
| Total transfer of assets from this plan | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $1,657,217 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $230,063 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $221,834 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $2,143,829 |
| Value of total assets at end of year | 2022-12-31 | $3,424,559 |
| Value of total assets at beginning of year | 2022-12-31 | $1,997,405 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $8,229 |
| Total interest from all sources | 2022-12-31 | $942 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $64,663 |
| 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 | $64,663 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $200,000 |
| 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 | $1,532,129 |
| Participant contributions at end of year | 2022-12-31 | $31,782 |
| Participant contributions at beginning of year | 2022-12-31 | $14,187 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $383,076 |
| Other income not declared elsewhere | 2022-12-31 | $123 |
| Administrative expenses (other) incurred | 2022-12-31 | $8,229 |
| 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 | $1,427,154 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $3,424,559 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $1,997,405 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $3,328,820 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $1,971,949 |
| Interest on participant loans | 2022-12-31 | $942 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $63,957 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $11,269 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-552,830 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $490 |
| 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 | $228,624 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $221,834 |
| 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 | PENSION ASSURANCE LLP |
| Accountancy firm EIN | 2022-12-31 | 300840934 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total transfer of assets to this plan | 2022-01-01 | $0 |
| Total transfer of assets from this plan | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $1,657,217 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $230,063 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $221,834 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $2,143,829 |
| Value of total assets at end of year | 2022-01-01 | $3,424,559 |
| Value of total assets at beginning of year | 2022-01-01 | $1,997,405 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $8,229 |
| Total interest from all sources | 2022-01-01 | $942 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $64,663 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $64,663 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $200,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $1,532,129 |
| Participant contributions at end of year | 2022-01-01 | $31,782 |
| Participant contributions at beginning of year | 2022-01-01 | $14,187 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $383,076 |
| Other income not declared elsewhere | 2022-01-01 | $123 |
| Administrative expenses (other) incurred | 2022-01-01 | $8,229 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $1,427,154 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $3,424,559 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $1,997,405 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $3,328,820 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $1,971,949 |
| Interest on participant loans | 2022-01-01 | $942 |
| Value of interest in common/collective trusts at end of year | 2022-01-01 | $63,957 |
| Value of interest in common/collective trusts at beginning of year | 2022-01-01 | $11,269 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-552,830 |
| Net investment gain or loss from common/collective trusts | 2022-01-01 | $490 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $228,624 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $221,834 |
| Did the plan have assets held for investment | 2022-01-01 | 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 | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | PENSION ASSURANCE LLP |
| Accountancy firm EIN | 2022-01-01 | 300840934 |
| 2021 : SUNBIT, INC. 401(K) 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total transfer of assets to this plan | 2021-12-31 | $0 |
| Total transfer of assets from this plan | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total income from all sources (including contributions) | 2021-12-31 | $1,179,567 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $34,334 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $32,802 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $988,645 |
| Value of total assets at end of year | 2021-12-31 | $1,997,405 |
| Value of total assets at beginning of year | 2021-12-31 | $852,172 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $1,532 |
| Total interest from all sources | 2021-12-31 | $136 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $34,826 |
| 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 | $34,826 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $86,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $821,689 |
| Participant contributions at end of year | 2021-12-31 | $14,187 |
| Participant contributions at beginning of year | 2021-12-31 | $2,913 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $34,576 |
| Administrative expenses (other) incurred | 2021-12-31 | $1,532 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $1,145,233 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $1,997,405 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $852,172 |
| 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 | $1,971,949 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $842,219 |
| Interest on participant loans | 2021-12-31 | $136 |
| Value of interest in common/collective trusts at end of year | 2021-12-31 | $11,269 |
| Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $7,040 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $155,850 |
| Net investment gain or loss from common/collective trusts | 2021-12-31 | $110 |
| 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 | $132,380 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $32,802 |
| 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 | PENSION ASSURANCE LLP |
| Accountancy firm EIN | 2021-12-31 | 300840934 |
