ABSORPTION HOLDINGS, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan ABSORPTION SYSTEMS 401(K) PLAN
| Measure | Date | Value |
|---|
| 2019 : ABSORPTION SYSTEMS 401(K) PLAN 2019 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total income from all sources (including contributions) | 2019-12-31 | $4,020,359 |
| Total loss/gain on sale of assets | 2019-12-31 | $0 |
| Total of all expenses incurred | 2019-12-31 | $361,675 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $293,755 |
| Expenses. Certain deemed distributions of participant loans | 2019-12-31 | $43,195 |
| Value of total corrective distributions | 2019-12-31 | $5,367 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $1,742,250 |
| Value of total assets at end of year | 2019-12-31 | $13,208,049 |
| Value of total assets at beginning of year | 2019-12-31 | $9,549,365 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $19,358 |
| Total interest from all sources | 2019-12-31 | $3,803 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $210,710 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $210,710 |
| Administrative expenses professional fees incurred | 2019-12-31 | $19,358 |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $1,227,055 |
| Participant contributions at end of year | 2019-12-31 | $57,472 |
| Participant contributions at beginning of year | 2019-12-31 | $87,689 |
| Participant contributions at end of year | 2019-12-31 | $155 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $192,683 |
| Other income not declared elsewhere | 2019-12-31 | $10,576 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $3,658,684 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $13,208,049 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $9,549,365 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $12,275,696 |
| Interest on participant loans | 2019-12-31 | $3,721 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $321 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $8,832,143 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $8,832,143 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $82 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $844,112 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $629,533 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $2,053,020 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Contributions received in cash from employer | 2019-12-31 | $322,512 |
| Employer contributions (assets) at end of year | 2019-12-31 | $30,293 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $293,755 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2019-12-31 | Yes |
| Did the plan have assets held for investment | 2019-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Accountancy firm name | 2019-12-31 | RSM US LLP |
| Accountancy firm EIN | 2019-12-31 | 420714325 |
