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SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameSCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN
Plan identification number 001

SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 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.
  • 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

SCOTT D. BORAS, INC. DBA BORAS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:SCOTT D. BORAS, INC. DBA BORAS CORPORATION
Employer identification number (EIN):363337958
NAIC Classification:711410
NAIC Description:Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01KIMBERLY STEVENS
0012016-01-01KIMBERLY J STEVENS2017-06-01 SCOTT D BORAS2017-06-01
0012015-01-01KIMBERLY J STEVENS2016-06-22 SCOTT D BORAS2016-06-22
0012014-01-01KIMBERLY2015-09-25 KIMBERLY STEVENS2015-09-25
0012013-01-01KIMBERLY J. STEVENS2014-10-01 KIMBERLY J STEVENS2014-10-01
0012012-01-01KIMBELY J. STEVENS2013-07-09
0012011-01-01KIMBERLY STEVENS2012-06-20
0012010-01-01KIMBERLY J. STEVENS2011-05-18

Plan Statistics for SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2023: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01136
Total number of active participants reported on line 7a of the Form 55002023-01-01122
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0121
Total of all active and inactive participants2023-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01143
Number of participants with account balances2023-01-01124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01133
Total number of active participants reported on line 7a of the Form 55002022-01-01111
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0120
Total of all active and inactive participants2022-01-01132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01132
Number of participants with account balances2022-01-01112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01128
Total number of active participants reported on line 7a of the Form 55002021-01-01119
Number of other retired or separated participants entitled to future benefits2021-01-019
Total of all active and inactive participants2021-01-01128
Total participants2021-01-01128
Number of participants with account balances2021-01-01104
2020: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01123
Total number of active participants reported on line 7a of the Form 55002020-01-01120
Number of other retired or separated participants entitled to future benefits2020-01-018
Total of all active and inactive participants2020-01-01128
Total participants2020-01-01128
Number of participants with account balances2020-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01128
Total number of active participants reported on line 7a of the Form 55002019-01-01114
Number of other retired or separated participants entitled to future benefits2019-01-019
Total of all active and inactive participants2019-01-01123
Total participants2019-01-01123
Number of participants with account balances2019-01-0195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01126
Total number of active participants reported on line 7a of the Form 55002018-01-01116
Number of other retired or separated participants entitled to future benefits2018-01-0112
Total of all active and inactive participants2018-01-01128
Total participants2018-01-01128
Number of participants with account balances2018-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01125
Total number of active participants reported on line 7a of the Form 55002017-01-01107
Number of other retired or separated participants entitled to future benefits2017-01-0110
Total of all active and inactive participants2017-01-01117
Total participants2017-01-01117
Number of participants with account balances2017-01-0194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2023 : SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 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$3,251,684
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$1,504,690
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$1,421,727
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$1,147,845
Value of total assets at end of year2023-12-31$14,540,921
Value of total assets at beginning of year2023-12-31$12,793,927
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$82,963
Total interest from all sources2023-12-31$8,906
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$1,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,036,670
Participant contributions at end of year2023-12-31$115,123
Participant contributions at beginning of year2023-12-31$126,368
Participant contributions at end of year2023-12-31$0
Participant contributions at beginning of year2023-12-31$1,290
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$111,175
Administrative expenses (other) incurred2023-12-31$1,100
Total non interest bearing cash at end of year2023-12-31$62
Total non interest bearing cash at beginning of year2023-12-31$62
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$1,746,994
Value of net assets at end of year (total assets less liabilities)2023-12-31$14,540,921
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$12,793,927
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$14,425,736
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$12,664,485
Interest on participant loans2023-12-31$8,906
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$2,094,933
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$0
Employer contributions (assets) at end of year2023-12-31$0
Employer contributions (assets) at beginning of year2023-12-31$1,722
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$1,421,727
Contract administrator fees2023-12-31$81,863
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31BOWMAN & COMPANY LLP
Accountancy firm EIN2023-12-31941481988
2022 : SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-1,035,485
Total of all expenses incurred2022-12-31$1,683,001
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,591,695
Expenses. Certain deemed distributions of participant loans2022-12-31$1,301
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,631,143
Value of total assets at end of year2022-12-31$12,793,927
Value of total assets at beginning of year2022-12-31$15,512,413
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$90,005
Total interest from all sources2022-12-31$4,241
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
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$935,809
Participant contributions at end of year2022-12-31$126,368
Participant contributions at beginning of year2022-12-31$38,080
Participant contributions at end of year2022-12-31$1,290
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$693,612
Administrative expenses (other) incurred2022-12-31$80,531
Total non interest bearing cash at end of year2022-12-31$62
Total non interest bearing cash at beginning of year2022-12-31$8,562
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,718,486
Value of net assets at end of year (total assets less liabilities)2022-12-31$12,793,927
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$15,512,413
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$12,664,485
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$15,465,771
Interest on participant loans2022-12-31$4,241
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,670,869
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$1,722
Employer contributions (assets) at end of year2022-12-31$1,722
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,591,695
Contract administrator fees2022-12-31$9,474
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
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 name2022-12-31BOWMAN & COMPANY LLP
Accountancy firm EIN2022-12-31941481988
2021 : SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$2,758,827
Total of all expenses incurred2021-12-31$776,104
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$681,502
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$852,216
Value of total assets at end of year2021-12-31$15,512,413
Value of total assets at beginning of year2021-12-31$13,529,690
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$94,602
Total interest from all sources2021-12-31$2,358
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$500,000
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$836,666
Participant contributions at end of year2021-12-31$38,080
Participant contributions at beginning of year2021-12-31$35,428
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$15,550
Total non interest bearing cash at end of year2021-12-31$8,562
Total non interest bearing cash at beginning of year2021-12-31$8,562
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$1,982,723
Value of net assets at end of year (total assets less liabilities)2021-12-31$15,512,413
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$13,529,690
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$15,465,771
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$13,485,700
Interest on participant loans2021-12-31$2,358
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,904,253
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$681,502
Contract administrator fees2021-12-31$94,602
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 name2021-12-31BOWMAN & COMPANY LLP
Accountancy firm EIN2021-12-31941481988
2020 : SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$2,557,474
Total of all expenses incurred2020-12-31$333,142
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$257,080
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$832,713
Value of total assets at end of year2020-12-31$13,529,690
Value of total assets at beginning of year2020-12-31$11,305,358
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$76,062
Total interest from all sources2020-12-31$2,186
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$580
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
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$832,713
Participant contributions at end of year2020-12-31$35,428
Participant contributions at beginning of year2020-12-31$34,552
Participant contributions at beginning of year2020-12-31$38,199
Total non interest bearing cash at end of year2020-12-31$8,562
Total non interest bearing cash at beginning of year2020-12-31$8,562
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$2,224,332
Value of net assets at end of year (total assets less liabilities)2020-12-31$13,529,690
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$11,305,358
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$13,485,700
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$11,224,045
Interest on participant loans2020-12-31$2,186
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,722,575
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 contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$257,080
Contract administrator fees2020-12-31$75,482
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 name2020-12-31BOWMAN & COMPANY LLP
Accountancy firm EIN2020-12-31941481988
2019 : SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$2,762,891
Total income from all sources (including contributions)2019-12-31$2,762,891
Total of all expenses incurred2019-12-31$283,869
Total of all expenses incurred2019-12-31$283,869
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$215,851
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$215,851
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$820,245
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$820,245
Value of total assets at end of year2019-12-31$11,305,358
Value of total assets at end of year2019-12-31$11,305,358
Value of total assets at beginning of year2019-12-31$8,826,336
Value of total assets at beginning of year2019-12-31$8,826,336
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$68,018
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$68,018
Total interest from all sources2019-12-31$3,154
Total interest from all sources2019-12-31$3,154
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$913
Administrative expenses professional fees incurred2019-12-31$913
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$820,245
Contributions received from participants2019-12-31$820,245
Participant contributions at end of year2019-12-31$34,552
Participant contributions at end of year2019-12-31$34,552
Participant contributions at beginning of year2019-12-31$52,883
Participant contributions at beginning of year2019-12-31$52,883
Participant contributions at end of year2019-12-31$38,199
Participant contributions at end of year2019-12-31$38,199
Total non interest bearing cash at end of year2019-12-31$8,562
Total non interest bearing cash at end of year2019-12-31$8,562
Total non interest bearing cash at beginning of year2019-12-31$8,562
Total non interest bearing cash at beginning of year2019-12-31$8,562
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,479,022
Value of net income/loss2019-12-31$2,479,022
Value of net assets at end of year (total assets less liabilities)2019-12-31$11,305,358
Value of net assets at end of year (total assets less liabilities)2019-12-31$11,305,358
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$8,826,336
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$8,826,336
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$67,105
Investment advisory and management fees2019-12-31$67,105
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$11,224,045
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$11,224,045
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$8,764,891
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$8,764,891
Interest on participant loans2019-12-31$3,154
Interest on participant loans2019-12-31$3,154
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,939,492
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,939,492
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$215,851
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$215,851
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BOWMAN & COMPANY LLP
Accountancy firm name2019-12-31BOWMAN & COMPANY LLP
Accountancy firm EIN2019-12-31941481988
Accountancy firm EIN2019-12-31941481988
2018 : SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$227,292
Total of all expenses incurred2018-12-31$844,810
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$772,781
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$772,608
Value of total assets at end of year2018-12-31$8,826,336
Value of total assets at beginning of year2018-12-31$9,443,854
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$72,029
Total interest from all sources2018-12-31$2,088
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$11,070
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$772,608
Participant contributions at end of year2018-12-31$52,883
Participant contributions at beginning of year2018-12-31$29,813
Total non interest bearing cash at end of year2018-12-31$8,562
Total non interest bearing cash at beginning of year2018-12-31$17,712
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-617,518
Value of net assets at end of year (total assets less liabilities)2018-12-31$8,826,336
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$9,443,854
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$8,764,891
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$9,396,329
Interest on participant loans2018-12-31$2,088
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-547,404
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$772,781
Contract administrator fees2018-12-31$60,959
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BOWMAN & COMPANY LLP
Accountancy firm EIN2018-12-31941481988
2017 : SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$1,994,860
Total of all expenses incurred2017-12-31$146,519
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$89,712
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$781,522
Value of total assets at end of year2017-12-31$9,443,854
Value of total assets at beginning of year2017-12-31$7,595,513
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$56,807
Total interest from all sources2017-12-31$1,330
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$1,138
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$770,014
Participant contributions at end of year2017-12-31$29,813
Participant contributions at beginning of year2017-12-31$18,415
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$11,508
Total non interest bearing cash at end of year2017-12-31$17,712
Total non interest bearing cash at beginning of year2017-12-31$15,961
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,848,341
Value of net assets at end of year (total assets less liabilities)2017-12-31$9,443,854
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$7,595,513
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$9,396,329
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$7,561,137
Interest on participant loans2017-12-31$1,330
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,212,008
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$89,712
Contract administrator fees2017-12-31$55,669
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31Yes
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BOWMAN & COMPANY LLP
Accountancy firm EIN2017-12-31941481988

Form 5500 Responses for SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN

2023: SCOTT D. BORAS, INC 401(K) PROFIT SHARING 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 – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SCOTT D. BORAS, INC 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number126735
Policy instance 1
Insurance contract or identification number126735
Number of Individuals Covered131
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $46,212
Total amount of fees paid to insurance companyUSD $7,775
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number126735
Policy instance 1
Insurance contract or identification number126735
Number of Individuals Covered119
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $53,980
Total amount of fees paid to insurance companyUSD $974
Commission paid to Insurance BrokerUSD $47,195
Insurance broker organization code?7
Amount paid for insurance broker fees974
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number126735
Policy instance 1
Insurance contract or identification number126735
Number of Individuals Covered111
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $57,191
Total amount of fees paid to insurance companyUSD $1,875
Commission paid to Insurance BrokerUSD $50,016
Insurance broker organization code?7
Amount paid for insurance broker fees1875
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number126735
Policy instance 1
Insurance contract or identification number126735
Number of Individuals Covered109
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $45,449
Total amount of fees paid to insurance companyUSD $580
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $39,746
Insurance broker organization code?7
Amount paid for insurance broker fees580
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number126735
Policy instance 1
Insurance contract or identification number126735
Number of Individuals Covered103
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $35,056
Total amount of fees paid to insurance companyUSD $5,955
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $35,056
Insurance broker organization code?7
Amount paid for insurance broker fees5955
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number
Policy instance 1
Number of Individuals Covered104
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $38,275
Total amount of fees paid to insurance companyUSD $2,070
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $32,731
Insurance broker organization code?7
Amount paid for insurance broker fees2070
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number
Policy instance 1
Number of Individuals Covered96
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $52,481
Total amount of fees paid to insurance companyUSD $11,874
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $25,482
Amount paid for insurance broker fees5937
Insurance broker organization code?5
Insurance broker nameNYLIFE SECURITIES LLC

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