HERMAN PEARL COMPANY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan DESIGN IMPORTS INDIA SALARY REDUCTION PLAN
| Measure | Date | Value |
|---|
| 2020 : DESIGN IMPORTS INDIA SALARY REDUCTION PLAN 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
| Total transfer of assets to this plan | 2020-12-31 | $0 |
| Total transfer of assets from this plan | 2020-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total income from all sources (including contributions) | 2020-12-31 | $175,571 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $1,339,419 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,296,884 |
| Value of total corrective distributions | 2020-12-31 | $24,286 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $161,596 |
| Value of total assets at end of year | 2020-12-31 | $0 |
| Value of total assets at beginning of year | 2020-12-31 | $1,163,848 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $18,249 |
| Total interest from all sources | 2020-12-31 | $315 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $1,032 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2020-12-31 | $0 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $1,032 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $117,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $141,656 |
| Participant contributions at beginning of year | 2020-12-31 | $12,524 |
| Administrative expenses (other) incurred | 2020-12-31 | $18,249 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $-1,163,848 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $1,163,848 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $1,059,726 |
| Interest on participant loans | 2020-12-31 | $315 |
| Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $91,598 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $11,527 |
| Net investment gain or loss from common/collective trusts | 2020-12-31 | $1,101 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $19,940 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $1,296,884 |
| Did the plan have assets held for investment | 2020-12-31 | No |
| 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 | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | LEE CPA AUDIT GROUP |
| Accountancy firm EIN | 2020-12-31 | 814637885 |
| 2019 : DESIGN IMPORTS INDIA SALARY REDUCTION PLAN 2019 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
| Total transfer of assets to this plan | 2019-12-31 | $0 |
| Total transfer of assets from this plan | 2019-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total income from all sources (including contributions) | 2019-12-31 | $617,202 |
| Total loss/gain on sale of assets | 2019-12-31 | $0 |
| Total of all expenses incurred | 2019-12-31 | $58,229 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $44,697 |
| Value of total corrective distributions | 2019-12-31 | $11,537 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $464,559 |
| Value of total assets at end of year | 2019-12-31 | $1,163,848 |
| Value of total assets at beginning of year | 2019-12-31 | $604,875 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $1,995 |
| Total interest from all sources | 2019-12-31 | $221 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $36,204 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $36,204 |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $61,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $404,424 |
| Participant contributions at end of year | 2019-12-31 | $12,524 |
| Participant contributions at beginning of year | 2019-12-31 | $1,368 |
| Administrative expenses (other) incurred | 2019-12-31 | $1,995 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $558,973 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $1,163,848 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $604,875 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $1,059,726 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $518,536 |
| Interest on participant loans | 2019-12-31 | $221 |
| Value of interest in common/collective trusts at end of year | 2019-12-31 | $91,598 |
| Value of interest in common/collective trusts at beginning of year | 2019-12-31 | $84,971 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $114,618 |
| Net investment gain or loss from common/collective trusts | 2019-12-31 | $1,600 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Contributions received in cash from employer | 2019-12-31 | $60,135 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $44,697 |
| Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Accountancy firm name | 2019-12-31 | LEE CPA AUDIT GROUP |
| Accountancy firm EIN | 2019-12-31 | 814637885 |
