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INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 401k Plan overview

Plan NameINNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN
Plan identification number 001

INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) 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.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • 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

INNOVATIVE MANAGEMENT CONCEPTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:INNOVATIVE MANAGEMENT CONCEPTS, INC.
Employer identification number (EIN):541516173
NAIC Classification:541512
NAIC Description:Computer Systems Design Services

Additional information about INNOVATIVE MANAGEMENT CONCEPTS, INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 1989-09-11
Company Identification Number: 0346448
Legal Registered Office Address: 21400 RIDGETOP CIRCLE SUITE 210

DULLES
United States of America (USA)
20166

More information about INNOVATIVE MANAGEMENT CONCEPTS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ERIC M. MIGHT2024-09-19
0012022-01-01ERIC M. MIGHT2023-09-19
0012021-01-01ERIC M. MIGHT2022-09-27
0012020-01-01ERIC M. MIGHT2021-10-08
0012019-01-01ERIC M. MIGHT2020-09-22
0012018-01-01ERIC M. MIGHT2019-09-16
0012017-01-01
0012016-01-01
0012015-01-01
0012015-01-01ERIC M. MIGHT2016-10-05
0012014-01-01
0012013-01-01
0012012-01-01ERIC M. MIGHT
0012011-01-01ERIC M. MIGHT2012-10-11
0012010-01-01ERIC M. MIGHT2012-10-16

Plan Statistics for INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN

401k plan membership statisitcs for INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN

Measure Date Value
2023: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01281
Total number of active participants reported on line 7a of the Form 55002023-01-01220
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0187
Total of all active and inactive participants2023-01-01307
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01307
Number of participants with account balances2023-01-01211
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01299
Total number of active participants reported on line 7a of the Form 55002022-01-01178
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01100
Total of all active and inactive participants2022-01-01278
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01278
Number of participants with account balances2022-01-01207
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01372
Total number of active participants reported on line 7a of the Form 55002021-01-01161
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01136
Total of all active and inactive participants2021-01-01297
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01297
Number of participants with account balances2021-01-01239
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01252
Total number of active participants reported on line 7a of the Form 55002020-01-01303
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0149
Total of all active and inactive participants2020-01-01352
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01352
Number of participants with account balances2020-01-01228
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01204
Total number of active participants reported on line 7a of the Form 55002019-01-01189
Number of other retired or separated participants entitled to future benefits2019-01-0155
Total of all active and inactive participants2019-01-01244
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01244
Number of participants with account balances2019-01-01180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01165
Total number of active participants reported on line 7a of the Form 55002018-01-01151
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0152
Total of all active and inactive participants2018-01-01203
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01203
Number of participants with account balances2018-01-01162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01152
Total number of active participants reported on line 7a of the Form 55002017-01-01120
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0144
Total of all active and inactive participants2017-01-01164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01164
Number of participants with account balances2017-01-01131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01150
Total number of active participants reported on line 7a of the Form 55002016-01-01105
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0144
Total of all active and inactive participants2016-01-01149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-01150
Number of participants with account balances2016-01-01125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01145
Total number of active participants reported on line 7a of the Form 55002015-01-01102
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0146
Total of all active and inactive participants2015-01-01148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-01149
Number of participants with account balances2015-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01131
Total number of active participants reported on line 7a of the Form 55002014-01-0185
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0150
Total of all active and inactive participants2014-01-01135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-012
Total participants2014-01-01137
Number of participants with account balances2014-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01128
Total number of active participants reported on line 7a of the Form 55002013-01-0189
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0142
Total of all active and inactive participants2013-01-01131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01131
Number of participants with account balances2013-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01130
Total number of active participants reported on line 7a of the Form 55002012-01-0191
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0130
Total of all active and inactive participants2012-01-01121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01121
Number of participants with account balances2012-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN

Measure Date Value
2023 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2023 401k financial data
Total income from all sources (including contributions)2023-12-31$5,340,296
Total of all expenses incurred2023-12-31$1,615,060
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$1,597,412
Value of total corrective distributions2023-12-31$16,448
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$1,975,663
Value of total assets at end of year2023-12-31$15,481,572
Value of total assets at beginning of year2023-12-31$11,756,336
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$1,200
Total interest from all sources2023-12-31$10,240
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$415,174
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$415,174
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 period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,450,451
Participant contributions at end of year2023-12-31$179,530
Participant contributions at beginning of year2023-12-31$127,104
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$124,979
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$3,725,236
Value of net assets at end of year (total assets less liabilities)2023-12-31$15,481,572
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$11,756,336
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$15,025,140
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$11,504,325
Interest on participant loans2023-12-31$2,235
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$276,902
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$124,907
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$124,907
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$8,005
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$2,939,219
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$400,233
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$1,597,412
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31No
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31HANTZMON WIEBEL LLP
Accountancy firm EIN2023-12-31540618213
2022 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-2,199,600
Total of all expenses incurred2022-12-31$4,176,514
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$4,166,835
Expenses. Certain deemed distributions of participant loans2022-12-31$8,629
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,657,478
Value of total assets at end of year2022-12-31$11,756,336
Value of total assets at beginning of year2022-12-31$18,132,450
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$1,050
Total interest from all sources2022-12-31$3,908
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$857,684
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$857,684
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$1,227,625
Participant contributions at end of year2022-12-31$127,104
Participant contributions at beginning of year2022-12-31$139,898
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$90,000
Administrative expenses (other) incurred2022-12-31$1,050
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-6,376,114
Value of net assets at end of year (total assets less liabilities)2022-12-31$11,756,336
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$18,132,450
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$11,504,325
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$17,844,036
Interest on participant loans2022-12-31$2,438
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$124,907
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$148,516
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$148,516
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$1,470
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-4,718,670
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$339,853
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$4,166,835
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 name2022-12-31HANTZMON WIEBEL LLP
Accountancy firm EIN2022-12-31540618213
2021 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$5,832,325
Total of all expenses incurred2021-12-31$2,775,677
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,761,439
Expenses. Certain deemed distributions of participant loans2021-12-31$5
Value of total corrective distributions2021-12-31$12,658
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,046,926
Value of total assets at end of year2021-12-31$18,132,450
Value of total assets at beginning of year2021-12-31$15,075,802
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$1,575
Total interest from all sources2021-12-31$3,646
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,710,376
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,710,376
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$1,892,447
Participant contributions at end of year2021-12-31$139,898
Participant contributions at beginning of year2021-12-31$207,461
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$632,757
Administrative expenses (other) incurred2021-12-31$1,575
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$3,056,648
Value of net assets at end of year (total assets less liabilities)2021-12-31$18,132,450
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$15,075,802
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$17,844,036
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$14,731,239
Interest on participant loans2021-12-31$3,600
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$148,516
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$137,102
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$137,102
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$46
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,071,377
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 contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$521,722
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,761,439
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
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 name2021-12-31PBMARES, LLP
Accountancy firm EIN2021-12-31540737372
2020 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$6,153,263
Total of all expenses incurred2020-12-31$1,382,021
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,381,371
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,082,485
Value of total assets at end of year2020-12-31$15,075,802
Value of total assets at beginning of year2020-12-31$10,304,560
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$650
Total interest from all sources2020-12-31$3,828
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$837,595
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$837,595
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$1,632,495
Participant contributions at end of year2020-12-31$207,461
Participant contributions at beginning of year2020-12-31$178,207
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$1,012,423
Administrative expenses (other) incurred2020-12-31$650
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$4,771,242
Value of net assets at end of year (total assets less liabilities)2020-12-31$15,075,802
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$10,304,560
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$14,731,239
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$9,948,997
Interest on participant loans2020-12-31$3,251
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$137,102
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$177,356
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$177,356
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$577
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$2,229,355
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
Contributions received in cash from employer2020-12-31$437,567
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,381,371
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
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 name2020-12-31PBMARES, LLP
Accountancy firm EIN2020-12-31540737372
2019 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$3,884,042
Total of all expenses incurred2019-12-31$1,287,466
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,284,013
Value of total corrective distributions2019-12-31$2,603
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,787,215
Value of total assets at end of year2019-12-31$10,304,560
Value of total assets at beginning of year2019-12-31$7,707,984
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$850
Total interest from all sources2019-12-31$7,598
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$486,164
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$486,164
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
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
Contributions received from participants2019-12-31$1,218,350
Participant contributions at end of year2019-12-31$178,207
Participant contributions at beginning of year2019-12-31$111,269
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$247,687
Administrative expenses (other) incurred2019-12-31$850
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$2,596,576
Value of net assets at end of year (total assets less liabilities)2019-12-31$10,304,560
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$7,707,984
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 leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$9,948,997
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$7,280,290
Interest on participant loans2019-12-31$2,001
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$177,356
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$316,425
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$316,425
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$5,597
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,603,065
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
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$321,178
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,284,013
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
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
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)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PBMARES, LLP
Accountancy firm EIN2019-12-31540737372
2018 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$810,960
Total of all expenses incurred2018-12-31$1,657,114
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,649,043
Value of total corrective distributions2018-12-31$7,471
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,326,992
Value of total assets at end of year2018-12-31$7,707,984
Value of total assets at beginning of year2018-12-31$8,554,138
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$600
Total interest from all sources2018-12-31$5,746
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$628,759
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$628,759
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$914,705
Participant contributions at end of year2018-12-31$111,269
Participant contributions at beginning of year2018-12-31$120,771
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$147,175
Administrative expenses (other) incurred2018-12-31$600
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-846,154
Value of net assets at end of year (total assets less liabilities)2018-12-31$7,707,984
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$8,554,138
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$7,280,290
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$8,138,962
Interest on participant loans2018-12-31$1,345
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$316,425
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$294,405
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$294,405
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$4,401
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,150,537
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
Contributions received in cash from employer2018-12-31$265,112
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,649,043
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
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 name2018-12-31PBMARES, LLP
Accountancy firm EIN2018-12-31540737372
2017 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$2,630,194
Total of all expenses incurred2017-12-31$567,856
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$566,206
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,121,711
Value of total assets at end of year2017-12-31$8,554,138
Value of total assets at beginning of year2017-12-31$6,491,800
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,650
Total interest from all sources2017-12-31$2,289
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$418,044
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$418,044
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 period2017-12-31No
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$731,213
Participant contributions at end of year2017-12-31$120,771
Participant contributions at beginning of year2017-12-31$132,815
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$184,434
Administrative expenses (other) incurred2017-12-31$1,650
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$2,062,338
Value of net assets at end of year (total assets less liabilities)2017-12-31$8,554,138
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$6,491,800
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$8,138,962
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$6,245,584
Interest on participant loans2017-12-31$1,258
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$294,405
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$113,401
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$113,401
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$1,031
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,088,150
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
Contributions received in cash from employer2017-12-31$206,064
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$566,206
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
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 name2017-12-31PBMARES, LLP
Accountancy firm EIN2017-12-31540737372
2016 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$1,445,273
Total of all expenses incurred2016-12-31$708,561
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$697,613
Value of total corrective distributions2016-12-31$7,531
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,043,444
Value of total assets at end of year2016-12-31$6,491,800
Value of total assets at beginning of year2016-12-31$5,755,088
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$3,417
Total interest from all sources2016-12-31$1,652
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$260,925
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$260,925
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$674,923
Participant contributions at end of year2016-12-31$132,815
Participant contributions at beginning of year2016-12-31$153,128
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$179,667
Administrative expenses (other) incurred2016-12-31$3,417
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$736,712
Value of net assets at end of year (total assets less liabilities)2016-12-31$6,491,800
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$5,755,088
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$6,245,584
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$5,416,278
Interest on participant loans2016-12-31$1,557
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$113,401
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$185,682
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$185,682
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$95
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$139,252
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$188,854
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$697,613
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31No
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31PB MARES, LLP
Accountancy firm EIN2016-12-31540737372
2015 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$1,109,112
Total of all expenses incurred2015-12-31$913,188
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$900,684
Value of total corrective distributions2015-12-31$10,531
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,011,412
Value of total assets at end of year2015-12-31$5,755,088
Value of total assets at beginning of year2015-12-31$5,559,164
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$1,973
Total interest from all sources2015-12-31$1,572
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$278,433
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$278,433
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$686,289
Participant contributions at end of year2015-12-31$153,128
Participant contributions at beginning of year2015-12-31$167,183
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$139,596
Administrative expenses (other) incurred2015-12-31$1,973
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$195,924
Value of net assets at end of year (total assets less liabilities)2015-12-31$5,755,088
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$5,559,164
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$5,416,278
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$5,229,400
Interest on participant loans2015-12-31$1,545
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$185,682
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$162,581
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$162,581
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$27
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-182,305
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$185,527
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$900,684
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31No
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31PB MARES, LLP
Accountancy firm EIN2015-12-31540737372
2014 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$1,189,767
Total of all expenses incurred2014-12-31$581,088
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$576,982
Value of total corrective distributions2014-12-31$2,075
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$784,706
Value of total assets at end of year2014-12-31$5,559,164
Value of total assets at beginning of year2014-12-31$4,950,485
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$2,031
Total interest from all sources2014-12-31$1,321
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$313,956
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$313,956
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$609,323
Participant contributions at end of year2014-12-31$167,183
Participant contributions at beginning of year2014-12-31$124,546
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$7,072
Administrative expenses (other) incurred2014-12-31$2,031
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$608,679
Value of net assets at end of year (total assets less liabilities)2014-12-31$5,559,164
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$4,950,485
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$5,229,400
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$4,645,256
Interest on participant loans2014-12-31$1,302
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$162,581
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$180,683
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$180,683
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$19
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$89,784
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$168,311
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$576,982
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31No
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31PB MARES, LLP
Accountancy firm EIN2014-12-31540737372
2013 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets2013-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$0
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total transfer of assets to this plan2013-12-31$0
Total transfer of assets from this plan2013-12-31$0
Expenses. Interest paid2013-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,931,469
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$950,515
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$948,855
Expenses. Certain deemed distributions of participant loans2013-12-31$0
Value of total corrective distributions2013-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$934,238
Value of total assets at end of year2013-12-31$4,950,485
Value of total assets at beginning of year2013-12-31$3,969,531
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$1,660
Total income from rents2013-12-31$0
Total interest from all sources2013-12-31$1,221
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$234,944
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$234,944
Administrative expenses professional fees incurred2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$620,164
Participant contributions at end of year2013-12-31$124,546
Participant contributions at beginning of year2013-12-31$78,807
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$144,593
Administrative expenses (other) incurred2013-12-31$1,660
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Income. Non cash contributions2013-12-31$0
Value of net income/loss2013-12-31$980,954
Value of net assets at end of year (total assets less liabilities)2013-12-31$4,950,485
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$3,969,531
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$4,645,256
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$3,778,462
Interest on participant loans2013-12-31$1,207
Income. Interest from loans (other than to participants)2013-12-31$0
Interest earned on other investments2013-12-31$0
Income. Interest from US Government securities2013-12-31$0
Income. Interest from corporate debt instruments2013-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$180,683
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$112,262
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$112,262
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$14
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$761,066
Net investment gain/loss from pooled separate accounts2013-12-31$0
Net investment gain or loss from common/collective trusts2013-12-31$0
Net gain/loss from 103.12 investment entities2013-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$169,481
Income. Dividends from preferred stock2013-12-31$0
Income. Dividends from common stock2013-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$948,855
Contract administrator fees2013-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$0
Aggregate carrying amount (costs) on sale of assets2013-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31PB MARES, LLP
Accountancy firm EIN2013-12-31540737372
2012 : INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$1,345,435
Total of all expenses incurred2012-12-31$466,438
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$463,872
Expenses. Certain deemed distributions of participant loans2012-12-31$934
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$900,591
Value of total assets at end of year2012-12-31$3,969,531
Value of total assets at beginning of year2012-12-31$3,090,533
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$1,632
Total interest from all sources2012-12-31$1,708
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$115,023
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$115,023
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$580,390
Participant contributions at end of year2012-12-31$78,807
Participant contributions at beginning of year2012-12-31$154,453
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$144,504
Administrative expenses (other) incurred2012-12-31$1,632
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Income. Non cash contributions2012-12-31$0
Value of net income/loss2012-12-31$878,997
Value of net assets at end of year (total assets less liabilities)2012-12-31$3,969,531
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$3,090,533
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$3,778,462
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,833,444
Interest on participant loans2012-12-31$1,697
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$112,262
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$102,636
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$102,636
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$11
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$328,113
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$175,697
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$463,872
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31PB MARES, LLP
Accountancy firm EIN2012-12-31540737372

Form 5500 Responses for INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN

2023: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) 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: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) 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: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) 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
2016: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: INNOVATIVE MANAGEMENT CONCEPTS, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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