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SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameSYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation

401k Sponsoring company profile

SYSTEMS INTEGRATION SPECIALISTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:SYSTEMS INTEGRATION SPECIALISTS, INC.
Employer identification number (EIN):311723943
NAIC Classification:541511
NAIC Description:Custom Computer Programming Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01STEPHEN KELCH
0022016-04-17STEPHEN KELCH

Plan Statistics for SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0124
Total number of active participants reported on line 7a of the Form 55002023-01-0129
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-015
Total of all active and inactive participants2023-01-0134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0134
Number of participants with account balances2023-01-0134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-011
2022: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0118
Total number of active participants reported on line 7a of the Form 55002022-01-0121
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-012
Total of all active and inactive participants2022-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0123
Number of participants with account balances2022-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0118
Total number of active participants reported on line 7a of the Form 55002021-01-0117
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-011
Total of all active and inactive participants2021-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0118
Number of participants with account balances2021-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0118
Total number of active participants reported on line 7a of the Form 55002020-01-0116
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-011
Total of all active and inactive participants2020-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0117
Number of participants with account balances2020-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011
2019: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0121
Total number of active participants reported on line 7a of the Form 55002019-01-0116
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-012
Total of all active and inactive participants2019-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0118
Number of participants with account balances2019-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-011
2018: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0121
Total number of active participants reported on line 7a of the Form 55002018-01-0120
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0121
Number of participants with account balances2018-01-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0123
Total number of active participants reported on line 7a of the Form 55002017-01-0121
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0121
Number of participants with account balances2017-01-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-04-1723
Total number of active participants reported on line 7a of the Form 55002016-04-1723
Number of retired or separated participants receiving benefits2016-04-170
Number of other retired or separated participants entitled to future benefits2016-04-170
Total of all active and inactive participants2016-04-1723
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-04-170
Total participants2016-04-1723
Number of participants with account balances2016-04-1723
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-04-170

Financial Data on SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Total plan liabilities at end of year2023-12-31$4,579,758
Total plan liabilities at beginning of year2023-12-31$5,462,930
Total income from all sources2023-12-31$-278,184
Expenses. Total of all expenses incurred2023-12-31$116,823
Total plan assets at end of year2023-12-31$7,102,417
Total plan assets at beginning of year2023-12-31$8,380,596
Value of fidelity bond covering the plan2023-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2023-12-31$116,823
Other income received2023-12-31$-1,278,184
Net income (gross income less expenses)2023-12-31$-395,007
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,522,659
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$2,917,666
Assets. Value of employer securities2023-12-31$7,102,412
Total contributions received or receivable from employer(s)2023-12-31$1,000,000
2022 : SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$5,462,930
Total plan liabilities at beginning of year2022-12-31$6,105,313
Total income from all sources2022-12-31$2,204,275
Expenses. Total of all expenses incurred2022-12-31$157,617
Total plan assets at end of year2022-12-31$8,380,596
Total plan assets at beginning of year2022-12-31$6,976,321
Value of fidelity bond covering the plan2022-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2022-12-31$157,617
Other income received2022-12-31$1,404,275
Net income (gross income less expenses)2022-12-31$2,046,658
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,917,666
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$871,008
Assets. Value of employer securities2022-12-31$8,380,596
Total contributions received or receivable from employer(s)2022-12-31$800,000
2021 : SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$6,105,313
Total plan liabilities at beginning of year2021-12-31$6,931,229
Total income from all sources2021-12-31$5,116,841
Expenses. Total of all expenses incurred2021-12-31$142,714
Total plan assets at end of year2021-12-31$6,976,321
Total plan assets at beginning of year2021-12-31$2,828,110
Expenses. Other expenses not covered elsewhere2021-12-31$142,714
Other income received2021-12-31$4,366,640
Net income (gross income less expenses)2021-12-31$4,974,127
Net plan assets at end of year (total assets less liabilities)2021-12-31$871,008
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$-4,103,119
Assets. Value of employer securities2021-12-31$6,976,318
Total contributions received or receivable from employer(s)2021-12-31$750,201
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$6,931,229
Total plan liabilities at beginning of year2020-12-31$7,623,624
Total income from all sources2020-12-31$3,331,966
Expenses. Total of all expenses incurred2020-12-31$280,403
Benefits paid (including direct rollovers)2020-12-31$4,169
Total plan assets at end of year2020-12-31$2,828,110
Total plan assets at beginning of year2020-12-31$468,942
Value of fidelity bond covering the plan2020-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2020-12-31$276,234
Other income received2020-12-31$2,765,321
Net income (gross income less expenses)2020-12-31$3,051,563
Net plan assets at end of year (total assets less liabilities)2020-12-31$-4,103,119
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$-7,154,682
Assets. Value of employer securities2020-12-31$2,828,107
Total contributions received or receivable from employer(s)2020-12-31$566,645
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$7,623,624
Total plan liabilities at beginning of year2019-12-31$7,917,048
Total income from all sources2019-12-31$-835,060
Expenses. Total of all expenses incurred2019-12-31$207,574
Benefits paid (including direct rollovers)2019-12-31$32,369
Total plan assets at end of year2019-12-31$468,942
Total plan assets at beginning of year2019-12-31$1,805,000
Value of fidelity bond covering the plan2019-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2019-12-31$175,205
Other income received2019-12-31$-1,336,059
Net income (gross income less expenses)2019-12-31$-1,042,634
Net plan assets at end of year (total assets less liabilities)2019-12-31$-7,154,682
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$-6,112,048
Assets. Value of employer securities2019-12-31$468,940
Total contributions received or receivable from employer(s)2019-12-31$500,999
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$7,917,048
Total plan liabilities at beginning of year2018-12-31$8,303,778
Total income from all sources2018-12-31$273,630
Expenses. Total of all expenses incurred2018-12-31$81,900
Total plan assets at end of year2018-12-31$1,805,000
Total plan assets at beginning of year2018-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2018-12-31$81,900
Other income received2018-12-31$-194,999
Net income (gross income less expenses)2018-12-31$191,730
Net plan assets at end of year (total assets less liabilities)2018-12-31$-6,112,048
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$-6,303,778
Assets. Value of employer securities2018-12-31$1,805,000
Total contributions received or receivable from employer(s)2018-12-31$468,629
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$8,303,778
Total plan liabilities at beginning of year2017-12-31$8,617,644
Total income from all sources2017-12-31$-321,371
Expenses. Total of all expenses incurred2017-12-31$154,763
Total plan assets at end of year2017-12-31$2,000,000
Total plan assets at beginning of year2017-12-31$2,790,000
Expenses. Other expenses not covered elsewhere2017-12-31$154,763
Other income received2017-12-31$-790,000
Net income (gross income less expenses)2017-12-31$-476,134
Net plan assets at end of year (total assets less liabilities)2017-12-31$-6,303,778
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$-5,827,644
Assets. Value of employer securities2017-12-31$2,000,000
Total contributions received or receivable from employer(s)2017-12-31$468,629
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$8,617,644
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$-5,691,371
Expenses. Total of all expenses incurred2016-12-31$136,273
Total plan assets at end of year2016-12-31$2,790,000
Total plan assets at beginning of year2016-12-31$0
Expenses. Other expenses not covered elsewhere2016-12-31$136,273
Other income received2016-12-31$-6,160,000
Net income (gross income less expenses)2016-12-31$-5,827,644
Net plan assets at end of year (total assets less liabilities)2016-12-31$-5,827,644
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$0
Assets. Value of employer securities2016-12-31$2,790,000
Total contributions received or receivable from employer(s)2016-12-31$468,629
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0

Form 5500 Responses for SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2023: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 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
2019: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SYSTEMS INTEGRATION SPECIALISTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-04-17Type of plan entitySingle employer plan
2016-04-17First time form 5500 has been submittedYes
2016-04-17Submission has been amendedNo
2016-04-17This submission is the final filingNo
2016-04-17This return/report is a short plan year return/report (less than 12 months)Yes
2016-04-17Plan is a collectively bargained planNo
2016-04-17Plan funding arrangement – TrustYes
2016-04-17Plan benefit arrangement - TrustYes

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