NETSYNC MANAGED has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
---|
2019 : NETSYNC MANAGED 401(K) PLAN 2019 401k financial data |
---|
Total income from all sources (including contributions) | 2019-09-30 | $417,289 |
Total of all expenses incurred | 2019-09-30 | $749,054 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-09-30 | $745,240 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-09-30 | $348,463 |
Value of total assets at end of year | 2019-09-30 | $0 |
Value of total assets at beginning of year | 2019-09-30 | $331,765 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-09-30 | $3,814 |
Total interest from all sources | 2019-09-30 | $333 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-09-30 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2019-09-30 | $0 |
Was this plan covered by a fidelity bond | 2019-09-30 | Yes |
Value of fidelity bond cover | 2019-09-30 | $50,000 |
If this is an individual account plan, was there a blackout period | 2019-09-30 | No |
Were there any nonexempt tranactions with any party-in-interest | 2019-09-30 | No |
Contributions received from participants | 2019-09-30 | $160,151 |
Participant contributions at end of year | 2019-09-30 | $0 |
Participant contributions at end of year | 2019-09-30 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-09-30 | $108,141 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-09-30 | $0 |
Total non interest bearing cash at end of year | 2019-09-30 | $0 |
Total non interest bearing cash at beginning of year | 2019-09-30 | $331,765 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-09-30 | No |
Value of net income/loss | 2019-09-30 | $-331,765 |
Value of net assets at end of year (total assets less liabilities) | 2019-09-30 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-09-30 | $331,765 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-09-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-09-30 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-09-30 | No |
Interest on participant loans | 2019-09-30 | $333 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-09-30 | $68,493 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-09-30 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-09-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-09-30 | No |
Contributions received in cash from employer | 2019-09-30 | $80,171 |
Employer contributions (assets) at end of year | 2019-09-30 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-09-30 | $745,240 |
Contract administrator fees | 2019-09-30 | $3,814 |
Did the plan have assets held for investment | 2019-09-30 | 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 | 2019-09-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-09-30 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-09-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-09-30 | Disclaimer |
Accountancy firm name | 2019-09-30 | SUMMIT CPA GROUP |
Accountancy firm EIN | 2019-09-30 | 113730017 |
2018 : NETSYNC MANAGED 401(K) PLAN 2018 401k financial data |
---|
Total income from all sources (including contributions) | 2018-12-31 | $338,274 |
Total of all expenses incurred | 2018-12-31 | $6,509 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $2,887 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $368,190 |
Value of total assets at end of year | 2018-12-31 | $331,765 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $3,622 |
Total interest from all sources | 2018-12-31 | $54 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $50,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $196,490 |
Participant contributions at end of year | 2018-12-31 | $4,819 |
Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $70,081 |
Total non interest bearing cash at end of year | 2018-12-31 | $352 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $331,765 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $331,765 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $326,594 |
Interest on participant loans | 2018-12-31 | $54 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-29,970 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $101,619 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $2,887 |
Contract administrator fees | 2018-12-31 | $3,622 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2018-12-31 | No |
Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | SUMMIT CPA GROUP |
Accountancy firm EIN | 2018-12-31 | 113730017 |