GRIDIRON FIBER CORP. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan GRIDIRON FIBER RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2022: GRIDIRON FIBER RETIREMENT PLAN 2022 401k membership |
|---|
| Market value of plan assets | 2022-06-30 | 164,571,244 |
| Acturial value of plan assets | 2022-06-30 | 151,487,363 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-06-30 | 115,497,092 |
| Number of terminated vested participants | 2022-06-30 | 197 |
| Fundng target for terminated vested participants | 2022-06-30 | 14,242,410 |
| Active participant vested funding target | 2022-06-30 | 18,478,109 |
| Number of active participants | 2022-06-30 | 265 |
| Total funding liabilities for active participants | 2022-06-30 | 19,732,906 |
| Total participant count | 2022-06-30 | 1,034 |
| Total funding target for all participants | 2022-06-30 | 149,472,408 |
| Balance at beginning of prior year after applicable adjustments | 2022-06-30 | 3,003,560 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-06-30 | 6,300,355 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2022-06-30 | 522,551 |
| Prefunding balanced used to offset prior years funding requirement | 2022-06-30 | 551,531 |
| Amount remaining of carryover balance | 2022-06-30 | 2,481,009 |
| Amount remaining of prefunding balance | 2022-06-30 | 5,748,824 |
| Present value of excess contributions | 2022-06-30 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-06-30 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-06-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2022-06-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-06-30 | 0 |
| Balance of carryovers at beginning of current year | 2022-06-30 | 2,872,512 |
| Balance of prefunding at beginning of current year | 2022-06-30 | 6,458,335 |
| Total employer contributions | 2022-06-30 | 0 |
| Total employee contributions | 2022-06-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-06-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-06-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-06-30 | 0 |
| Liquidity shortfalls end of Q1 | 2022-06-30 | 0 |
| Liquidity shortfalls end of Q2 | 2022-06-30 | 0 |
| Liquidity shortfalls end of Q3 | 2022-06-30 | 0 |
| Liquidity shortfalls end of Q4 | 2022-06-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2022-06-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-06-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-06-30 | 0 |
| Minimum required contributions for current year target normal cost | 2022-06-30 | 880,421 |
| Net shortfall amortization installment of oustanding balance | 2022-06-30 | 10,193,524 |
| Waiver amortization installment | 2022-06-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-06-30 | 1,909,879 |
| Carryover balance elected to use to offset funding requirement | 2022-06-30 | 1,909,879 |
| Prefunding balance elected to use to offset funding requirement | 2022-06-30 | 0 |
| Additional cash requirement | 2022-06-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-06-30 | 0 |
| Unpaid minimum required contributions for current year | 2022-06-30 | 0 |
| Unpaid minimum required contributions for all years | 2022-06-30 | 0 |
| 2021: GRIDIRON FIBER RETIREMENT PLAN 2021 401k membership |
|---|
| Total participants, beginning-of-year | 2021-07-01 | 1,023 |
| Total number of active participants reported on line 7a of the Form 5500 | 2021-07-01 | 182 |
| Number of retired or separated participants receiving benefits | 2021-07-01 | 522 |
| Number of other retired or separated participants entitled to future benefits | 2021-07-01 | 254 |
| Total of all active and inactive participants | 2021-07-01 | 958 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-07-01 | 54 |
| Total participants | 2021-07-01 | 1,012 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-07-01 | 0 |
| Market value of plan assets | 2021-06-30 | 54,577,830 |
| Acturial value of plan assets | 2021-06-30 | 55,529,173 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-06-30 | 30,476,768 |
| Number of terminated vested participants | 2021-06-30 | 115 |
| Fundng target for terminated vested participants | 2021-06-30 | 7,325,840 |
| Active participant vested funding target | 2021-06-30 | 12,150,820 |
| Number of active participants | 2021-06-30 | 138 |
| Total funding liabilities for active participants | 2021-06-30 | 13,403,423 |
| Total participant count | 2021-06-30 | 469 |
| Total funding target for all participants | 2021-06-30 | 51,206,031 |
| Balance at beginning of prior year after applicable adjustments | 2021-06-30 | 3,273,294 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-06-30 | 3,110,576 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2021-06-30 | 393,010 |
| Prefunding balanced used to offset prior years funding requirement | 2021-06-30 | 0 |
| Amount remaining of carryover balance | 2021-06-30 | 2,880,284 |
| Amount remaining of prefunding balance | 2021-06-30 | 3,110,576 |
| Present value of excess contributions | 2021-06-30 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-06-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2021-06-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-06-30 | 0 |
| Balance of carryovers at beginning of current year | 2021-06-30 | 3,003,560 |
| Balance of prefunding at beginning of current year | 2021-06-30 | 3,243,709 |
| Total employer contributions | 2021-06-30 | 0 |
| Total employee contributions | 2021-06-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2021-06-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2021-06-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-06-30 | 0 |
| Liquidity shortfalls end of Q1 | 2021-06-30 | 0 |
| Liquidity shortfalls end of Q2 | 2021-06-30 | 0 |
| Liquidity shortfalls end of Q3 | 2021-06-30 | 0 |
| Liquidity shortfalls end of Q4 | 2021-06-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2021-06-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-06-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-06-30 | 0 |
| Minimum required contributions for current year target normal cost | 2021-06-30 | 559,353 |
| Net shortfall amortization installment of oustanding balance | 2021-06-30 | 10,456,983 |
| Waiver amortization installment | 2021-06-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-06-30 | 1,074,082 |
| Carryover balance elected to use to offset funding requirement | 2021-06-30 | 1,074,082 |
| Prefunding balance elected to use to offset funding requirement | 2021-06-30 | 0 |
| Additional cash requirement | 2021-06-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-06-30 | 0 |
| Unpaid minimum required contributions for current year | 2021-06-30 | 0 |
| Unpaid minimum required contributions for all years | 2021-06-30 | 0 |
| 2020: GRIDIRON FIBER RETIREMENT PLAN 2020 401k membership |
|---|
| Total participants, beginning-of-year | 2020-07-01 | 462 |
| Total number of active participants reported on line 7a of the Form 5500 | 2020-07-01 | 265 |
| Number of retired or separated participants receiving benefits | 2020-07-01 | 517 |
| Number of other retired or separated participants entitled to future benefits | 2020-07-01 | 189 |
| Total of all active and inactive participants | 2020-07-01 | 971 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-07-01 | 52 |
| Total participants | 2020-07-01 | 1,023 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-07-01 | 0 |
| Measure | Date | Value |
|---|
| 2022 : GRIDIRON FIBER RETIREMENT PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
| Total income from all sources (including contributions) | 2022-06-30 | $-20,887,691 |
| Total loss/gain on sale of assets | 2022-06-30 | $0 |
| Total of all expenses incurred | 2022-06-30 | $12,619,444 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-06-30 | $11,453,319 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-06-30 | $0 |
| Value of total assets at end of year | 2022-06-30 | $131,064,109 |
| Value of total assets at beginning of year | 2022-06-30 | $164,571,244 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-06-30 | $1,166,125 |
| Total interest from all sources | 2022-06-30 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-06-30 | $3,842 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-06-30 | $3,842 |
| Administrative expenses professional fees incurred | 2022-06-30 | $224,573 |
| Was this plan covered by a fidelity bond | 2022-06-30 | Yes |
| Value of fidelity bond cover | 2022-06-30 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-06-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-06-30 | No |
| Other income not declared elsewhere | 2022-06-30 | $-13,353,302 |
| Administrative expenses (other) incurred | 2022-06-30 | $683,364 |
| Total non interest bearing cash at end of year | 2022-06-30 | $0 |
| Total non interest bearing cash at beginning of year | 2022-06-30 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-06-30 | No |
| Value of net income/loss | 2022-06-30 | $-33,507,135 |
| Value of net assets at end of year (total assets less liabilities) | 2022-06-30 | $131,064,109 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-06-30 | $164,571,244 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-06-30 | No |
| Investment advisory and management fees | 2022-06-30 | $68,750 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-06-30 | $1,840,711 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-06-30 | $1,251,820 |
| Value of interest in common/collective trusts at end of year | 2022-06-30 | $63,056,868 |
| Value of interest in common/collective trusts at beginning of year | 2022-06-30 | $98,901,214 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-06-30 | $950,731 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-06-30 | $943,109 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-06-30 | $943,109 |
| Net investment gain or loss from common/collective trusts | 2022-06-30 | $-7,538,231 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-06-30 | No |
| Assets. Invements in employer securities at end of year | 2022-06-30 | $0 |
| Assets. Invements in employer securities at beginning of year | 2022-06-30 | $63,475,101 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-06-30 | $11,453,319 |
| Asset. Corporate debt instrument debt (other) at end of year | 2022-06-30 | $65,215,799 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2022-06-30 | $0 |
| Contract administrator fees | 2022-06-30 | $189,438 |
| Did the plan have assets held for investment | 2022-06-30 | 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 | 2022-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-06-30 | Unqualified |
| Accountancy firm name | 2022-06-30 | FORVIS LLP |
| Accountancy firm EIN | 2022-06-30 | 440160560 |
| 2021 : GRIDIRON FIBER RETIREMENT PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-06-30 | $0 |
| Total transfer of assets to this plan | 2021-06-30 | $102,566,274 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $0 |
| Total income from all sources (including contributions) | 2021-06-30 | $15,305,453 |
| Total loss/gain on sale of assets | 2021-06-30 | $0 |
| Total of all expenses incurred | 2021-06-30 | $7,888,779 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-06-30 | $7,300,284 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-06-30 | $0 |
| Value of total assets at end of year | 2021-06-30 | $164,571,244 |
| Value of total assets at beginning of year | 2021-06-30 | $54,588,296 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-06-30 | $588,495 |
| Total interest from all sources | 2021-06-30 | $72,023 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-06-30 | $20,704 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-06-30 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-06-30 | $20,704 |
| Was this plan covered by a fidelity bond | 2021-06-30 | Yes |
| Value of fidelity bond cover | 2021-06-30 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-06-30 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-06-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-06-30 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-06-30 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-06-30 | $87,935 |
| Other income not declared elsewhere | 2021-06-30 | $62,009 |
| Total non interest bearing cash at end of year | 2021-06-30 | $0 |
| Total non interest bearing cash at beginning of year | 2021-06-30 | $4 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-06-30 | No |
| Value of net income/loss | 2021-06-30 | $7,416,674 |
| Value of net assets at end of year (total assets less liabilities) | 2021-06-30 | $164,571,244 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-06-30 | $54,588,296 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-06-30 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-06-30 | $1,251,820 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-06-30 | $35,135,668 |
| Interest earned on other investments | 2021-06-30 | $72,023 |
| Value of interest in common/collective trusts at end of year | 2021-06-30 | $98,901,214 |
| Value of interest in common/collective trusts at beginning of year | 2021-06-30 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-06-30 | $943,109 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-06-30 | $1,970,673 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-06-30 | $1,970,673 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-06-30 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-06-30 | $5,743,727 |
| Asset value of US Government securities at end of year | 2021-06-30 | $0 |
| Asset value of US Government securities at beginning of year | 2021-06-30 | $3,178,449 |
| Net investment gain or loss from common/collective trusts | 2021-06-30 | $15,150,717 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-06-30 | No |
| Assets. Invements in employer securities at end of year | 2021-06-30 | $63,475,101 |
| Assets. Invements in employer securities at beginning of year | 2021-06-30 | $0 |
| Contributions received in cash from employer | 2021-06-30 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-06-30 | $7,300,284 |
| Asset. Corporate debt instrument debt (other) at end of year | 2021-06-30 | $0 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2021-06-30 | $8,471,840 |
| Contract administrator fees | 2021-06-30 | $588,495 |
| Did the plan have assets held for investment | 2021-06-30 | 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 | 2021-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-06-30 | Disclaimer |
| Accountancy firm name | 2021-06-30 | DIXON HUGHES GOODMAN LLP |
| Accountancy firm EIN | 2021-06-30 | 560747981 |
