INNOVATIVE CAPITAL MANAGEMENT has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan INNOVATIVE CAPITAL MANAGEMENT 401(K) PLAN
| Measure | Date | Value |
|---|
| 2013 : INNOVATIVE CAPITAL MANAGEMENT 401(K) PLAN 2013 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2013-12-31 | $-100,306 |
| Total unrealized appreciation/depreciation of assets | 2013-12-31 | $-100,306 |
| Total income from all sources (including contributions) | 2013-12-31 | $496,456 |
| Total of all expenses incurred | 2013-12-31 | $873,436 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $870,374 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $317,439 |
| Value of total assets at end of year | 2013-12-31 | $769,467 |
| Value of total assets at beginning of year | 2013-12-31 | $1,146,447 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $3,062 |
| Total interest from all sources | 2013-12-31 | $250,044 |
| Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2013-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
| Value of fidelity bond cover | 2013-12-31 | $100,000 |
| If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
| Contributions received from participants | 2013-12-31 | $165,425 |
| Participant contributions at end of year | 2013-12-31 | $4,481 |
| Participant contributions at beginning of year | 2013-12-31 | $11,395 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2013-12-31 | $99,992 |
| Other income not declared elsewhere | 2013-12-31 | $29,279 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Income. Non cash contributions | 2013-12-31 | $0 |
| Value of net income/loss | 2013-12-31 | $-376,980 |
| Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $769,467 |
| Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $1,146,447 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
| Interest on participant loans | 2013-12-31 | $618 |
| Income. Interest from corporate debt instruments | 2013-12-31 | $249,426 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2013-12-31 | $0 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
| Contributions received in cash from employer | 2013-12-31 | $52,022 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $870,374 |
| Asset. Corporate debt instrument debt (other) at end of year | 2013-12-31 | $764,986 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2013-12-31 | $1,135,052 |
| Contract administrator fees | 2013-12-31 | $3,062 |
| Did the plan have assets held for investment | 2013-12-31 | 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 | 2013-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Disclaimer |
| Accountancy firm name | 2013-12-31 | GRAY, BLODGETT & CO PLLC |
| Accountancy firm EIN | 2013-12-31 | 731352810 |
