IMPACT BUSINESS GROUP has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan IMPACT BUSINESS GROUP 401(K) PLAN
Measure | Date | Value |
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2023 : IMPACT BUSINESS GROUP 401(K) PLAN 2023 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2023-12-31 | $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 | $286,482 |
Total loss/gain on sale of assets | 2023-12-31 | $0 |
Total of all expenses incurred | 2023-12-31 | $98,987 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $88,217 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $145,298 |
Value of total assets at end of year | 2023-12-31 | $946,016 |
Value of total assets at beginning of year | 2023-12-31 | $758,521 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $10,770 |
Total interest from all sources | 2023-12-31 | $3 |
Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $18,709 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $18,709 |
Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
Value of fidelity bond cover | 2023-12-31 | $120,000 |
If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
Contributions received from participants | 2023-12-31 | $145,298 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
Value of net income/loss | 2023-12-31 | $187,495 |
Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $946,016 |
Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $758,521 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
Investment advisory and management fees | 2023-12-31 | $5,055 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $945,940 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $758,464 |
Interest on participant loans | 2023-12-31 | $0 |
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 year | 2023-12-31 | $76 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $57 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $57 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-12-31 | $3 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $122,472 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $88,217 |
Contract administrator fees | 2023-12-31 | $5,715 |
Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
Accountancy firm name | 2023-12-31 | BAKER HOLTZ, PC |
Accountancy firm EIN | 2023-12-31 | 382268656 |
2022 : IMPACT BUSINESS GROUP 401(K) PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total transfer of assets to this plan | 2022-12-31 | $18,212 |
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 | $3,725 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $461,658 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $454,476 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $185,449 |
Value of total assets at end of year | 2022-12-31 | $758,521 |
Value of total assets at beginning of year | 2022-12-31 | $1,198,242 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $7,182 |
Total interest from all sources | 2022-12-31 | $22 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $21,228 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $21,228 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $120,000 |
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 |
Contributions received from participants | 2022-12-31 | $185,449 |
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 | $-457,933 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $758,521 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $1,198,242 |
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 |
Investment advisory and management fees | 2022-12-31 | $6,177 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $758,464 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $1,198,241 |
Interest on participant loans | 2022-12-31 | $0 |
Income. Interest from loans (other than to participants) | 2022-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $57 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $1 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $1 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $22 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-202,974 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
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 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $454,476 |
Contract administrator fees | 2022-12-31 | $1,005 |
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 | BAKER HOLTZ, PC |
Accountancy firm EIN | 2022-12-31 | 382268656 |