NOVATIME TECHNOLOGY INC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan NOVATIME TECHNOLOGY INC 401K SAFE-HARBOR PROFIT SHARING PLAN
401k plan membership statisitcs for NOVATIME TECHNOLOGY INC 401K SAFE-HARBOR PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2018: NOVATIME TECHNOLOGY INC 401K SAFE-HARBOR PROFIT SHARING PLAN 2018 401k membership |
|---|
| Total participants, beginning-of-year | 2018-01-01 | 133 |
| Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 0 |
| Number of retired or separated participants receiving benefits | 2018-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 0 |
| Total of all active and inactive participants | 2018-01-01 | 0 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 0 |
| Total participants | 2018-01-01 | 0 |
| Number of participants with account balances | 2018-01-01 | 0 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 0 |
| 2009: NOVATIME TECHNOLOGY INC 401K SAFE-HARBOR PROFIT SHARING PLAN 2009 401k membership |
|---|
| Total participants, beginning-of-year | 2009-01-01 | 33 |
| Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 28 |
| Number of retired or separated participants receiving benefits | 2009-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 5 |
| Total of all active and inactive participants | 2009-01-01 | 33 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 0 |
| Total participants | 2009-01-01 | 33 |
| Number of participants with account balances | 2009-01-01 | 26 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2018 : NOVATIME TECHNOLOGY INC 401K SAFE-HARBOR PROFIT SHARING PLAN 2018 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-21 | $0 |
| Total income from all sources (including contributions) | 2018-12-21 | $642,249 |
| Total of all expenses incurred | 2018-12-21 | $5,959,793 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-21 | $5,904,534 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-21 | $639,596 |
| Value of total assets at end of year | 2018-12-21 | $0 |
| Value of total assets at beginning of year | 2018-12-21 | $5,317,544 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-21 | $55,259 |
| Total interest from all sources | 2018-12-21 | $2,622 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-12-21 | $17,513 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-21 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2018-12-21 | $0 |
| Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-21 | $17,513 |
| Assets. Real estate other than employer real property at end of year | 2018-12-21 | $0 |
| Assets. Real estate other than employer real property at beginning of year | 2018-12-21 | $0 |
| Administrative expenses professional fees incurred | 2018-12-21 | $55,259 |
| Assets. Corporate prefeered stocks other than exployer securities at end of year | 2018-12-21 | $0 |
| Was this plan covered by a fidelity bond | 2018-12-21 | Yes |
| Value of fidelity bond cover | 2018-12-21 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2018-12-21 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-21 | No |
| Contributions received from participants | 2018-12-21 | $414,959 |
| Participant contributions at end of year | 2018-12-21 | $0 |
| Participant contributions at beginning of year | 2018-12-21 | $61,715 |
| Participant contributions at end of year | 2018-12-21 | $0 |
| Participant contributions at beginning of year | 2018-12-21 | $30,794 |
| Assets. Other investments not covered elsewhere at end of year | 2018-12-21 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-12-21 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-12-21 | $0 |
| Assets. Loans (other than to participants) at end of year | 2018-12-21 | $0 |
| Assets. Loans (other than to participants) at beginning of year | 2018-12-21 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2018-12-21 | $0 |
| Other income not declared elsewhere | 2018-12-21 | $19,692 |
| Liabilities. Value of operating payables at end of year | 2018-12-21 | $0 |
| Total non interest bearing cash at end of year | 2018-12-21 | $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 | 2018-12-21 | No |
| Value of net income/loss | 2018-12-21 | $-5,317,544 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-21 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-21 | $5,317,544 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-21 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-21 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-12-21 | No |
| Assets. partnership/joint venture interests at end of year | 2018-12-21 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-21 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-21 | $5,209,611 |
| Value of interest in pooled separate accounts at end of year | 2018-12-21 | $0 |
| Value of interest in pooled separate accounts at beginning of year | 2018-12-21 | $0 |
| Interest on participant loans | 2018-12-21 | $2,622 |
| Value of interest in master investment trust accounts at end of year | 2018-12-21 | $0 |
| Value of interest in master investment trust accounts at beginning of year | 2018-12-21 | $0 |
| Value of interest in common/collective trusts at end of year | 2018-12-21 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-21 | $0 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2018-12-21 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-12-21 | $0 |
| Asset value of US Government securities at end of year | 2018-12-21 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-21 | $-37,174 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-21 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-12-21 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-12-21 | No |
| Assets. Invements in employer securities at end of year | 2018-12-21 | $0 |
| Assets. Value of employer real property at end of year | 2018-12-21 | $0 |
| Contributions received in cash from employer | 2018-12-21 | $224,637 |
| Employer contributions (assets) at end of year | 2018-12-21 | $0 |
| Employer contributions (assets) at beginning of year | 2018-12-21 | $15,424 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-21 | $5,904,534 |
| Asset. Corporate debt instrument preferred debt at end of year | 2018-12-21 | $0 |
| Asset. Corporate debt instrument debt (other) at end of year | 2018-12-21 | $0 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2018-12-21 | $0 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2018-12-21 | $0 |
| Liabilities. Value of benefit claims payable at end of year | 2018-12-21 | $0 |
| Did the plan have assets held for investment | 2018-12-21 | 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 | 2018-12-21 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-21 | Yes |
| Liabilities. Value of acquisition indebtedness at end of year | 2018-12-21 | $0 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-21 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-12-21 | Disclaimer |
| Accountancy firm name | 2018-12-21 | KSJG,LLC |
| Accountancy firm EIN | 2018-12-21 | 953322166 |
