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SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER 401k Plan overview

Plan NameSECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER
Plan identification number 002

SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

STORM KING ARTS CENTER has sponsored the creation of one or more 401k plans.

Company Name:STORM KING ARTS CENTER
Employer identification number (EIN):141457573
NAIC Classification:712100
NAIC Description: Museums, Historical Sites, and Similar Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01DWYANE JARVIS2022-09-28
0022020-01-01DWAYNE JARVIS2021-09-08 DWAYNE JARVIS2021-09-08
0022019-01-01DWAYNE JARVIS2020-03-09 DWAYNE JARVIS2020-03-09
0022018-01-01DWAYNE JARVIS2019-09-11 DWAYNE JARVIS2019-09-11
0022017-01-01DWAYNE JARVIS2018-09-27 DWAYNE JARVIS2018-09-27
0022016-01-01DWAYNE JARVIS2017-09-29 DWAYNE JARVIS2017-09-29
0022015-01-01DWAYNE JARVIS2016-09-21 DWAYNE JARVIS2016-09-21
0022014-01-01DWAYNE JARVIS2015-06-04 DWAYNE JARVIS2015-06-04
0022013-01-01DWAYNE JARVIS2014-06-02 DWAYNE JARVIS2014-06-02
0022012-01-01DWAYNE JARVIS2014-01-27
0022011-01-01DWAYNE JARVIS2014-01-27
0022010-01-01DAVID COLLENS2011-10-06

Plan Statistics for SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER

401k plan membership statisitcs for SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER

Measure Date Value
2023: SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER 2023 401k membership
Total participants, beginning-of-year2023-01-01149
Total number of active participants reported on line 7a of the Form 55002023-01-0189
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0155
Total of all active and inactive participants2023-01-01144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01144
Number of participants with account balances2023-01-01142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-016
2022: SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER 2022 401k membership
Total participants, beginning-of-year2022-01-01127
Total number of active participants reported on line 7a of the Form 55002022-01-0179
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0170
Total of all active and inactive participants2022-01-01149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01149
Number of participants with account balances2022-01-01143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-014

Financial Data on SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER

Measure Date Value
2023 : SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$1,282,707
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$318,218
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$305,064
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$560,770
Value of total assets at end of year2023-12-31$4,849,126
Value of total assets at beginning of year2023-12-31$3,884,637
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$13,154
Total interest from all sources2023-12-31$3,882
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$97,690
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$97,690
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$342,049
Participant contributions at end of year2023-12-31$50,124
Participant contributions at beginning of year2023-12-31$38,428
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$2,156
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$964,489
Value of net assets at end of year (total assets less liabilities)2023-12-31$4,849,126
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$3,884,637
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$4,798,013
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$3,846,012
Interest on participant loans2023-12-31$2,893
Income. Interest from loans (other than to participants)2023-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$989
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$197
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$197
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$989
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$620,365
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$216,565
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$305,064
Contract administrator fees2023-12-31$13,154
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31Yes
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31LUTZ AND CARR CPAS, LLP
Accountancy firm EIN2023-12-31131655065
2022 : SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER 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$0
Total income from all sources (including contributions)2022-12-31$-174,538
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$356,227
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$344,510
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$632,202
Value of total assets at end of year2022-12-31$3,884,637
Value of total assets at beginning of year2022-12-31$4,415,402
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$11,717
Total interest from all sources2022-12-31$1,493
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$163,522
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$163,522
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
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$361,200
Participant contributions at end of year2022-12-31$38,428
Participant contributions at beginning of year2022-12-31$18,789
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-530,765
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,884,637
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$4,415,402
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$3,846,012
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$4,396,613
Interest on participant loans2022-12-31$1,493
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$197
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-971,755
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 contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$271,002
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$344,510
Contract administrator fees2022-12-31$11,717
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 name2022-12-31LUTZ AND CARR CPA'S, LLP
Accountancy firm EIN2022-12-31131655065

Form 5500 Responses for SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER

2023: SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: SECTION 403(B) RETIREMENT PLAN FOR STORM KING ARTS CENTER 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
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

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