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SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC. 401k Plan overview

Plan NameSECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC.
Plan identification number 001

SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

NPOWER INC. has sponsored the creation of one or more 401k plans.

Company Name:NPOWER INC.
Employer identification number (EIN):134145441
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BETTY CALDWELL2024-07-19
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01JAMES SHARP2020-10-09
0012018-01-01JIM SHARP2019-09-26
0012017-01-01LEE LICHTENSTEIN2018-08-28
0012016-01-01LEE LICHTENSTEIN2017-10-02
0012015-01-01LEE LICHTENSTEIN2016-10-16
0012014-01-01LEE LICHTENSTEIN2015-05-27
0012013-01-01THOMAS SUSSMAN2014-06-06
0012012-01-01THOMAS SUSSMAN2013-05-14
0012011-01-01THOMAS SUSSMAN2012-10-02
0012010-01-01JOHN SMART2011-07-21

Plan Statistics for SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC.

401k plan membership statisitcs for SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC.

Measure Date Value
2022: SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC. 2022 401k membership
Total participants, beginning-of-year2022-01-01150
Total number of active participants reported on line 7a of the Form 55002022-01-01160
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0127
Total of all active and inactive participants2022-01-01187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01187
Number of participants with account balances2022-01-0174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC. 2021 401k membership
Total participants, beginning-of-year2021-01-01153
Total number of active participants reported on line 7a of the Form 55002021-01-01116
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0126
Total of all active and inactive participants2021-01-01142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01142
Number of participants with account balances2021-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC. 2020 401k membership
Total participants, beginning-of-year2020-01-01126
Total number of active participants reported on line 7a of the Form 55002020-01-01118
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0132
Total of all active and inactive participants2020-01-01150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01150
Number of participants with account balances2020-01-0168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC.

Measure Date Value
2022 : SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC. 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
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$40,489
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$166,266
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$142,062
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$424,128
Value of total assets at end of year2022-12-31$2,291,610
Value of total assets at beginning of year2022-12-31$2,417,387
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$24,204
Total interest from all sources2022-12-31$1,845
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$46,194
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$46,194
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$250,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$368,948
Participant contributions at end of year2022-12-31$47,135
Participant contributions at beginning of year2022-12-31$37,892
Participant contributions at end of year2022-12-31$12,759
Participant contributions at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$24,426
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$46
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$9
Other income not declared elsewhere2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-125,777
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,291,610
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,417,387
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$2,204,689
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$2,354,196
Interest on participant loans2022-12-31$1,845
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-431,678
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$30,754
Employer contributions (assets) at end of year2022-12-31$26,981
Employer contributions (assets) at beginning of year2022-12-31$25,290
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$142,062
Contract administrator fees2022-12-31$24,204
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PLANCHECK CPAS, LLC
Accountancy firm EIN2022-12-31842614035
2021 : SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC. 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
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$676,174
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$324,184
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$299,638
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$344,172
Value of total assets at end of year2021-12-31$2,417,387
Value of total assets at beginning of year2021-12-31$2,065,397
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$24,546
Total interest from all sources2021-12-31$1,028
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$206,540
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$316,405
Participant contributions at end of year2021-12-31$37,892
Participant contributions at beginning of year2021-12-31$0
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$21,128
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$1,624
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$9
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$4,188
Assets. Loans (other than to participants) at end of year2021-12-31$0
Assets. Loans (other than to participants) at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$351,990
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,417,387
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,065,397
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$24,546
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$2,354,196
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$2,017,591
Interest on participant loans2021-12-31$1,028
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$330,974
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$26,143
Employer contributions (assets) at end of year2021-12-31$25,290
Employer contributions (assets) at beginning of year2021-12-31$22,490
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$299,638
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PLANCHECK CPAS, LLC
Accountancy firm EIN2021-12-31842614035
2020 : SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC. 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$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$549,035
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$428,705
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$406,613
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$260,216
Value of total assets at end of year2020-12-31$2,065,397
Value of total assets at beginning of year2020-12-31$1,945,067
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$22,092
Total interest from all sources2020-12-31$27
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$202,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$220,436
Participant contributions at end of year2020-12-31$21,128
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$17,290
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$4,188
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Assets. Loans (other than to participants) at end of year2020-12-31$0
Assets. Loans (other than to participants) at beginning of year2020-12-31$770
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$120,330
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,065,397
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$1,945,067
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$2,017,591
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$1,929,224
Interest on participant loans2020-12-31$27
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$288,792
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$22,490
Employer contributions (assets) at end of year2020-12-31$22,490
Employer contributions (assets) at beginning of year2020-12-31$15,073
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$406,613
Contract administrator fees2020-12-31$22,092
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31PLANCHECK CPAS, LLC
Accountancy firm EIN2020-12-31842614035

Form 5500 Responses for SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC.

2022: SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC. 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC. 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SECTION 403(B) RETIREMENT PLAN FOR EMPLOYEES OF NPOWER NY, INC. 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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