ASSETS, INC. has sponsored the creation of one or more 401k plans.
Additional information about ASSETS, INC.
Submission information for form 5500 for 401k plan ASSETS, INC. HEALTH & WELFARE PLAN
401k plan membership statisitcs for ASSETS, INC. HEALTH & WELFARE PLAN
| Measure | Date | Value |
|---|
| 2022 : ASSETS, INC. HEALTH & WELFARE PLAN 2022 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $63,974 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $143,626 |
| Total income from all sources (including contributions) | 2022-12-31 | $519,868 |
| Total of all expenses incurred | 2022-12-31 | $606,659 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $578,179 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $518,289 |
| Value of total assets at end of year | 2022-12-31 | $115,888 |
| Value of total assets at beginning of year | 2022-12-31 | $282,331 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $28,480 |
| Total interest from all sources | 2022-12-31 | $1,579 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $90,000 |
| 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 |
| Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $5,887 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-12-31 | $5,887 |
| Administrative expenses (other) incurred | 2022-12-31 | $28,480 |
| Liabilities. Value of operating payables at end of year | 2022-12-31 | $18,164 |
| Liabilities. Value of operating payables at beginning of year | 2022-12-31 | $29,471 |
| 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 | $-86,791 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $51,914 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $138,705 |
| 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 pooled separate accounts at end of year | 2022-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $95,679 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $181,391 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $181,391 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $1,579 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-12-31 | $577,922 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
| 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 | $518,289 |
| Employer contributions (assets) at end of year | 2022-12-31 | $14,322 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $95,053 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $257 |
| 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 | 2022-12-31 | No |
| Liabilities. Value of benefit claims payable at end of year | 2022-12-31 | $45,810 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-12-31 | $114,155 |
| 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 | KING, SHORES & PRESTON CPAS |
| Accountancy firm EIN | 2022-12-31 | 541643141 |
| 2021 : ASSETS, INC. HEALTH & WELFARE PLAN 2021 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $143,626 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $165,797 |
| Total income from all sources (including contributions) | 2021-12-31 | $573,660 |
| Total of all expenses incurred | 2021-12-31 | $740,248 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $682,733 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $573,241 |
| Value of total assets at end of year | 2021-12-31 | $282,331 |
| Value of total assets at beginning of year | 2021-12-31 | $471,090 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $57,515 |
| Total interest from all sources | 2021-12-31 | $419 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $100,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Assets. Other investments not covered elsewhere at end of year | 2021-12-31 | $5,887 |
| Assets. Other investments not covered elsewhere at beginning of year | 2021-12-31 | $5,887 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $10,049 |
| Administrative expenses (other) incurred | 2021-12-31 | $57,515 |
| Liabilities. Value of operating payables at end of year | 2021-12-31 | $29,471 |
| Liabilities. Value of operating payables at beginning of year | 2021-12-31 | $67 |
| 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 | $-166,588 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $138,705 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $305,293 |
| 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 pooled separate accounts at end of year | 2021-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $181,391 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $278,860 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $278,860 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $419 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2021-12-31 | $678,209 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | Yes |
| 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 | $573,241 |
| Employer contributions (assets) at end of year | 2021-12-31 | $95,053 |
| Employer contributions (assets) at beginning of year | 2021-12-31 | $176,294 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $4,524 |
| 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 | 2021-12-31 | No |
| Liabilities. Value of benefit claims payable at end of year | 2021-12-31 | $114,155 |
| Liabilities. Value of benefit claims payable at beginning of year | 2021-12-31 | $165,730 |
| 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 | KING, SHORES & PRESTON CPAS |
| Accountancy firm EIN | 2021-12-31 | 541643141 |
| 2020 : ASSETS, INC. HEALTH & WELFARE PLAN 2020 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $165,797 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $270,053 |
| Total income from all sources (including contributions) | 2020-12-31 | $560,509 |
| Total of all expenses incurred | 2020-12-31 | $685,253 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $672,858 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $559,539 |
| Value of total assets at end of year | 2020-12-31 | $471,090 |
| Value of total assets at beginning of year | 2020-12-31 | $700,090 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $12,395 |
| Total interest from all sources | 2020-12-31 | $970 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $65,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Participant contributions at beginning of year | 2020-12-31 | $1,810 |
| Assets. Other investments not covered elsewhere at end of year | 2020-12-31 | $5,887 |
| Assets. Other investments not covered elsewhere at beginning of year | 2020-12-31 | $5,887 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $10,049 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $223 |
| Administrative expenses (other) incurred | 2020-12-31 | $12,395 |
| Liabilities. Value of operating payables at end of year | 2020-12-31 | $67 |
| Liabilities. Value of operating payables at beginning of year | 2020-12-31 | $19,654 |
| 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 | $-124,744 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $305,293 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $430,037 |
| 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 pooled separate accounts at end of year | 2020-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $278,860 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $429,244 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $429,244 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $970 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2020-12-31 | $666,432 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | Yes |
| 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 | $559,539 |
| Employer contributions (assets) at end of year | 2020-12-31 | $176,294 |
| Employer contributions (assets) at beginning of year | 2020-12-31 | $262,926 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $6,426 |
| 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 | 2020-12-31 | No |
| Liabilities. Value of benefit claims payable at end of year | 2020-12-31 | $165,730 |
| Liabilities. Value of benefit claims payable at beginning of year | 2020-12-31 | $250,399 |
| Did the plan have assets held for investment | 2020-12-31 | 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 | 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 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | KING, SHORES & PRESTON CPAS |
| Accountancy firm EIN | 2020-12-31 | 541643141 |
| 2019 : ASSETS, INC. HEALTH & WELFARE PLAN 2019 401k financial data |
|---|
| Total transfer of assets to this plan | 2019-12-31 | $513,981 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $270,053 |
| Total income from all sources (including contributions) | 2019-12-31 | $611,298 |
| Total of all expenses incurred | 2019-12-31 | $695,242 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $642,424 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $607,611 |
| Value of total assets at end of year | 2019-12-31 | $700,090 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $52,818 |
| Total interest from all sources | 2019-12-31 | $3,687 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $10,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $2,716 |
| Participant contributions at end of year | 2019-12-31 | $1,810 |
| Assets. Other investments not covered elsewhere at end of year | 2019-12-31 | $5,887 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $223 |
| Administrative expenses (other) incurred | 2019-12-31 | $51,233 |
| Liabilities. Value of operating payables at end of year | 2019-12-31 | $19,654 |
| 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 | $-83,944 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $430,037 |
| 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 pooled separate accounts at end of year | 2019-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $429,244 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $3,687 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2019-12-31 | $636,151 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | Yes |
| 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 | $604,895 |
| Employer contributions (assets) at end of year | 2019-12-31 | $262,926 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $6,273 |
| Contract administrator fees | 2019-12-31 | $1,585 |
| 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 | 2019-12-31 | No |
| Liabilities. Value of benefit claims payable at end of year | 2019-12-31 | $250,399 |
| 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 | KING, SHORES & PRESTON CPAS |
| Accountancy firm EIN | 2019-12-31 | 541643141 |
