VERANEX, INC. has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
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2022 : VERANEX 401K PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total transfer of assets to this plan | 2022-12-31 | $9,415,505 |
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 | $202,093 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $4,874,215 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $4,802,945 |
Value of total corrective distributions | 2022-12-31 | $1,434 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $6,582,686 |
Value of total assets at end of year | 2022-12-31 | $36,803,826 |
Value of total assets at beginning of year | 2022-12-31 | $32,060,443 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $69,836 |
Total interest from all sources | 2022-12-31 | $8,003 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $725,491 |
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 | $725,491 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
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 | $3,508,575 |
Participant contributions at end of year | 2022-12-31 | $183,398 |
Participant contributions at beginning of year | 2022-12-31 | $105,190 |
Participant contributions at end of year | 2022-12-31 | $0 |
Participant contributions at beginning of year | 2022-12-31 | $9,996 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $2,037,767 |
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 | $-4,672,122 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $36,803,826 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $32,060,443 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $43,755 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $36,300,035 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $31,941,787 |
Interest on participant loans | 2022-12-31 | $8,003 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $320,393 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $1,774 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-7,116,070 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $1,983 |
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 | Yes |
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 | $1,036,344 |
Employer contributions (assets) at end of year | 2022-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $1,696 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $4,802,945 |
Contract administrator fees | 2022-12-31 | $26,081 |
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 | KAHN, LITWIN, RENZA & CO., LTD |
Accountancy firm EIN | 2022-12-31 | 050409348 |
2021 : VERANEX 401K PLAN 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total transfer of assets to this plan | 2021-12-31 | $6,345,062 |
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 | $6,408,521 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $3,543,540 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $3,502,604 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $2,813,684 |
Value of total assets at end of year | 2021-12-31 | $32,060,443 |
Value of total assets at beginning of year | 2021-12-31 | $22,850,400 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $40,936 |
Total interest from all sources | 2021-12-31 | $9,650 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $645,134 |
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 | $645,134 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $500,000 |
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 | $1,957,797 |
Participant contributions at end of year | 2021-12-31 | $105,190 |
Participant contributions at beginning of year | 2021-12-31 | $137,318 |
Participant contributions at end of year | 2021-12-31 | $9,996 |
Participant contributions at beginning of year | 2021-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $209,622 |
Administrative expenses (other) incurred | 2021-12-31 | $40,886 |
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 | $2,864,981 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $32,060,443 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $22,850,400 |
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 | $31,941,787 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $22,449,346 |
Interest on participant loans | 2021-12-31 | $9,650 |
Value of interest in common/collective trusts at end of year | 2021-12-31 | $1,774 |
Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $263,736 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $2,937,013 |
Net investment gain or loss from common/collective trusts | 2021-12-31 | $3,040 |
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 | $646,265 |
Employer contributions (assets) at end of year | 2021-12-31 | $1,696 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $3,502,604 |
Contract administrator fees | 2021-12-31 | $50 |
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 | KAHN, LITWIN, RENZA & CO., LTD. |
Accountancy firm EIN | 2021-12-31 | 050409384 |