Plan Name | STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN |
Plan identification number | 001 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
|
Company Name: | STRATEGIC FUNDING SOURCE INC |
Employer identification number (EIN): | 010855279 |
NAIC Classification: | 522291 |
NAIC Description: | Consumer Lending |
Additional information about STRATEGIC FUNDING SOURCE INC
Jurisdiction of Incorporation: | New York Department of State |
Incorporation Date: | 2006-01-24 |
Company Identification Number: | 3309962 |
Legal Registered Office Address: |
80 STATE STREET New York ALBANY United States of America (USA) 12207 |
More information about STRATEGIC FUNDING SOURCE INC
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2022-01-01 | ||||
001 | 2021-01-01 | ||||
001 | 2020-01-01 | ||||
001 | 2019-01-01 | ||||
001 | 2018-01-01 | ||||
001 | 2017-01-01 | ANTHONY ROSE | |||
001 | 2016-01-01 | STEVE LERCH | STEVE LERCH | 2017-10-13 | |
001 | 2016-01-01 | ||||
001 | 2015-01-01 | DAVID SEDERHOLT | 2016-07-11 | ||
001 | 2014-01-01 | DAVID SEDERHOLT | 2015-07-06 | ||
001 | 2012-01-01 | ADI RAVIV | 2013-06-07 | ||
001 | 2011-01-01 | ADI RAVIV | 2012-10-12 | ||
001 | 2010-01-01 | ADI RAVIV | 2011-06-14 | ADI RAVIV | 2011-06-14 |
Measure | Date | Value |
---|---|---|
2022: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2022 401k membership | ||
Total participants, beginning-of-year | 2022-01-01 | 270 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 272 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 48 |
Total of all active and inactive participants | 2022-01-01 | 320 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 320 |
Number of participants with account balances | 2022-01-01 | 302 |
2021: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2021 401k membership | ||
Total participants, beginning-of-year | 2021-01-01 | 198 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 200 |
Total of all active and inactive participants | 2021-01-01 | 200 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 66 |
Total participants | 2021-01-01 | 266 |
Number of participants with account balances | 2021-01-01 | 234 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 31 |
2020: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2020 401k membership | ||
Total participants, beginning-of-year | 2020-01-01 | 262 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 195 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 59 |
Total of all active and inactive participants | 2020-01-01 | 254 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 0 |
Total participants | 2020-01-01 | 254 |
Number of participants with account balances | 2020-01-01 | 239 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 77 |
2019: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2019 401k membership | ||
Total participants, beginning-of-year | 2019-01-01 | 264 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 234 |
Number of retired or separated participants receiving benefits | 2019-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 23 |
Total of all active and inactive participants | 2019-01-01 | 257 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 0 |
Total participants | 2019-01-01 | 257 |
Number of participants with account balances | 2019-01-01 | 164 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 18 |
2018: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2018 401k membership | ||
Total participants, beginning-of-year | 2018-01-01 | 207 |
Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 205 |
Number of retired or separated participants receiving benefits | 2018-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 51 |
Total of all active and inactive participants | 2018-01-01 | 256 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 0 |
Total participants | 2018-01-01 | 256 |
Number of participants with account balances | 2018-01-01 | 160 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 15 |
2017: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2017 401k membership | ||
Total participants, beginning-of-year | 2017-01-01 | 211 |
Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 187 |
Number of retired or separated participants receiving benefits | 2017-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 42 |
Total of all active and inactive participants | 2017-01-01 | 229 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 0 |
Total participants | 2017-01-01 | 229 |
Number of participants with account balances | 2017-01-01 | 151 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 3 |
2016: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2016 401k membership | ||
Total participants, beginning-of-year | 2016-01-01 | 156 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-01-01 | 176 |
Number of retired or separated participants receiving benefits | 2016-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2016-01-01 | 15 |
Total of all active and inactive participants | 2016-01-01 | 191 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-01-01 | 0 |
Total participants | 2016-01-01 | 191 |
Number of participants with account balances | 2016-01-01 | 99 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-01-01 | 0 |
Measure | Date | Value |
---|---|---|
2022 : STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2022 401k financial data | ||
Total income from all sources (including contributions) | 2022-12-31 | $948,561 |
Total of all expenses incurred | 2022-12-31 | $949,065 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $914,840 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $2,430,476 |
Value of total assets at end of year | 2022-12-31 | $7,694,139 |
Value of total assets at beginning of year | 2022-12-31 | $7,694,643 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $34,225 |
Total interest from all sources | 2022-12-31 | $6,455 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $141,634 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $141,634 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $1,812,344 |
Participant contributions at end of year | 2022-12-31 | $121,743 |
Participant contributions at beginning of year | 2022-12-31 | $125,727 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $160,731 |
Assets. Loans (other than to participants) at beginning of year | 2022-12-31 | $0 |
Administrative expenses (other) incurred | 2022-12-31 | $32,980 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Income. Non cash contributions | 2022-12-31 | $0 |
Value of net income/loss | 2022-12-31 | $-504 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $7,694,139 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $7,694,643 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $1,245 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $7,522,405 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $7,553,415 |
Interest on participant loans | 2022-12-31 | $6,455 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $49,991 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $15,501 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,632,803 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $2,799 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $457,401 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $914,840 |
Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | MARCUM, LLP |
Accountancy firm EIN | 2022-12-31 | 111986323 |
2021 : STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2021 401k financial data | ||
Total income from all sources (including contributions) | 2021-12-31 | $2,557,739 |
Total of all expenses incurred | 2021-12-31 | $1,310,757 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $1,257,956 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,675,077 |
Value of total assets at end of year | 2021-12-31 | $7,694,642 |
Value of total assets at beginning of year | 2021-12-31 | $6,447,660 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $52,801 |
Total interest from all sources | 2021-12-31 | $7,585 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $217,383 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $217,383 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | Yes |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $1,314,801 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $176,850 |
Assets. Loans (other than to participants) at end of year | 2021-12-31 | $125,727 |
Assets. Loans (other than to participants) at beginning of year | 2021-12-31 | $146,304 |
Other income not declared elsewhere | 2021-12-31 | $1,510 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $1,246,982 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $7,694,642 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $6,447,660 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $7,553,414 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $6,301,356 |
Income. Interest from loans (other than to participants) | 2021-12-31 | $7,585 |
Value of interest in common/collective trusts at end of year | 2021-12-31 | $15,501 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $656,147 |
Net investment gain or loss from common/collective trusts | 2021-12-31 | $37 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $183,426 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $1,257,956 |
Contract administrator fees | 2021-12-31 | $52,801 |
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 | 2021-12-31 | Yes |
Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | FRIEDMAN LLP |
Accountancy firm EIN | 2021-12-31 | 131610809 |
2020 : STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2020 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total transfer of assets to this plan | 2020-12-31 | $0 |
Total transfer of assets from this plan | 2020-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total income from all sources (including contributions) | 2020-12-31 | $2,827,017 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $287,859 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $248,271 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,672,165 |
Value of total assets at end of year | 2020-12-31 | $6,447,660 |
Value of total assets at beginning of year | 2020-12-31 | $3,908,502 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $39,588 |
Total interest from all sources | 2020-12-31 | $8,628 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $240,032 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $240,032 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $391,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $1,173,621 |
Participant contributions at end of year | 2020-12-31 | $146,304 |
Participant contributions at beginning of year | 2020-12-31 | $129,373 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $338,206 |
Other income not declared elsewhere | 2020-12-31 | $6,714 |
Administrative expenses (other) incurred | 2020-12-31 | $39,588 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $2,539,158 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $6,447,660 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $3,908,502 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $6,301,356 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $3,779,129 |
Interest on participant loans | 2020-12-31 | $8,628 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $899,478 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $160,338 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $248,271 |
Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | FRIEDMAN LLP |
Accountancy firm EIN | 2020-12-31 | 131610809 |
2019 : STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2019 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total transfer of assets to this plan | 2019-12-31 | $0 |
Total transfer of assets from this plan | 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 | $1,870,186 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $380,876 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $347,965 |
Value of total corrective distributions | 2019-12-31 | $5,088 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $1,213,334 |
Value of total assets at end of year | 2019-12-31 | $3,908,502 |
Value of total assets at beginning of year | 2019-12-31 | $2,419,192 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $27,823 |
Total interest from all sources | 2019-12-31 | $6,787 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $138,656 |
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 | $138,656 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $242,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
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 | $970,302 |
Participant contributions at end of year | 2019-12-31 | $129,373 |
Participant contributions at beginning of year | 2019-12-31 | $109,794 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $91,745 |
Other income not declared elsewhere | 2019-12-31 | $98 |
Administrative expenses (other) incurred | 2019-12-31 | $27,823 |
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 | $1,489,310 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $3,908,502 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $2,419,192 |
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 | $3,779,129 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $2,309,398 |
Interest on participant loans | 2019-12-31 | $6,787 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $511,311 |
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 | $151,287 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $347,965 |
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 | FRIEDMAN LLP |
Accountancy firm EIN | 2019-12-31 | 131610809 |
2018 : STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2018 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
Total transfer of assets from this plan | 2018-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total income from all sources (including contributions) | 2018-12-31 | $1,101,334 |
Total loss/gain on sale of assets | 2018-12-31 | $0 |
Total of all expenses incurred | 2018-12-31 | $611,501 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $591,471 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $1,218,106 |
Value of total assets at end of year | 2018-12-31 | $2,419,192 |
Value of total assets at beginning of year | 2018-12-31 | $1,929,359 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $20,030 |
Total interest from all sources | 2018-12-31 | $4,008 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $108,737 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $108,737 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $193,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $676,376 |
Participant contributions at end of year | 2018-12-31 | $109,794 |
Participant contributions at beginning of year | 2018-12-31 | $99,215 |
Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $388,491 |
Other income not declared elsewhere | 2018-12-31 | $43,679 |
Administrative expenses (other) incurred | 2018-12-31 | $20,030 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $489,833 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $2,419,192 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $1,929,359 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $2,309,398 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $1,813,158 |
Interest on participant loans | 2018-12-31 | $4,008 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-12-31 | $16,986 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-12-31 | $16,986 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-273,196 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $153,239 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $591,471 |
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 | 2018-12-31 | Yes |
Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | FRIEDMAN LLP |
Accountancy firm EIN | 2018-12-31 | 131610809 |
2017 : STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2017 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total income from all sources (including contributions) | 2017-12-31 | $1,052,908 |
Total loss/gain on sale of assets | 2017-12-31 | $0 |
Total of all expenses incurred | 2017-12-31 | $185,280 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $169,611 |
Expenses. Certain deemed distributions of participant loans | 2017-12-31 | $0 |
Value of total corrective distributions | 2017-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $813,408 |
Value of total assets at end of year | 2017-12-31 | $1,929,359 |
Value of total assets at beginning of year | 2017-12-31 | $1,061,731 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $15,669 |
Total interest from all sources | 2017-12-31 | $2,004 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $95,762 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $95,762 |
Was this plan covered by a fidelity bond | 2017-12-31 | No |
If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Contributions received from participants | 2017-12-31 | $561,318 |
Participant contributions at end of year | 2017-12-31 | $99,215 |
Participant contributions at beginning of year | 2017-12-31 | $42,435 |
Participant contributions at end of year | 2017-12-31 | $0 |
Participant contributions at beginning of year | 2017-12-31 | $0 |
Assets. Other investments not covered elsewhere at end of year | 2017-12-31 | $0 |
Assets. Other investments not covered elsewhere at beginning of year | 2017-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $191,289 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2017-12-31 | $0 |
Administrative expenses (other) incurred | 2017-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $867,628 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $1,929,359 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $1,061,731 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Investment advisory and management fees | 2017-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $1,813,158 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $984,453 |
Value of interest in pooled separate accounts at end of year | 2017-12-31 | $0 |
Value of interest in pooled separate accounts at beginning of year | 2017-12-31 | $0 |
Interest on participant loans | 2017-12-31 | $1,839 |
Value of interest in master investment trust accounts at end of year | 2017-12-31 | $0 |
Value of interest in master investment trust accounts at beginning of year | 2017-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2017-12-31 | $0 |
Value of interest in common/collective trusts at beginning of year | 2017-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2017-12-31 | $16,986 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2017-12-31 | $34,843 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2017-12-31 | $34,843 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-12-31 | $165 |
Assets. Value of investments in 103.12 investment entities at end of year | 2017-12-31 | $0 |
Assets. Value of investments in 103.12 investment entities at beginning of year | 2017-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $141,734 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Contributions received in cash from employer | 2017-12-31 | $60,801 |
Employer contributions (assets) at end of year | 2017-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $169,611 |
Contract administrator fees | 2017-12-31 | $15,669 |
Did the plan have assets held for investment | 2017-12-31 | 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 | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
Accountancy firm name | 2017-12-31 | GEORGE FOLLINI JR, CPA, P.C. |
Accountancy firm EIN | 2017-12-31 | 471491595 |
2016 : STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2016 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total income from all sources (including contributions) | 2016-12-31 | $515,135 |
Total loss/gain on sale of assets | 2016-12-31 | $0 |
Total of all expenses incurred | 2016-12-31 | $39,556 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $30,073 |
Expenses. Certain deemed distributions of participant loans | 2016-12-31 | $0 |
Value of total corrective distributions | 2016-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $454,280 |
Value of total assets at end of year | 2016-12-31 | $1,061,731 |
Value of total assets at beginning of year | 2016-12-31 | $586,152 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $9,483 |
Total interest from all sources | 2016-12-31 | $1,149 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $36,450 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $36,450 |
Assets. Real estate other than employer real property at beginning of year | 2016-12-31 | $0 |
Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2016-12-31 | $0 |
Was this plan covered by a fidelity bond | 2016-12-31 | No |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $405,329 |
Participant contributions at end of year | 2016-12-31 | $42,435 |
Participant contributions at beginning of year | 2016-12-31 | $12,819 |
Participant contributions at end of year | 2016-12-31 | $0 |
Participant contributions at beginning of year | 2016-12-31 | $0 |
Assets. Other investments not covered elsewhere at end of year | 2016-12-31 | $0 |
Assets. Other investments not covered elsewhere at beginning of year | 2016-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $13,698 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $0 |
Assets. Loans (other than to participants) at beginning of year | 2016-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2016-12-31 | $0 |
Administrative expenses (other) incurred | 2016-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2016-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2016-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $475,579 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $1,061,731 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $586,152 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Assets. partnership/joint venture interests at beginning of year | 2016-12-31 | $0 |
Investment advisory and management fees | 2016-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $984,453 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $545,185 |
Interest on participant loans | 2016-12-31 | $1,124 |
Value of interest in master investment trust accounts at end of year | 2016-12-31 | $0 |
Value of interest in master investment trust accounts at beginning of year | 2016-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2016-12-31 | $0 |
Value of interest in common/collective trusts at beginning of year | 2016-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2016-12-31 | $34,843 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2016-12-31 | $28,148 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2016-12-31 | $28,148 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-12-31 | $25 |
Assets. Value of investments in 103.12 investment entities at end of year | 2016-12-31 | $0 |
Assets. Value of investments in 103.12 investment entities at beginning of year | 2016-12-31 | $0 |
Asset value of US Government securities at beginning of year | 2016-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $23,256 |
Net investment gain/loss from pooled separate accounts | 2016-12-31 | $0 |
Net investment gain or loss from common/collective trusts | 2016-12-31 | $0 |
Net gain/loss from 103.12 investment entities | 2016-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Assets. Invements in employer securities at beginning of year | 2016-12-31 | $0 |
Assets. Value of employer real property at beginning of year | 2016-12-31 | $0 |
Contributions received in cash from employer | 2016-12-31 | $35,253 |
Employer contributions (assets) at end of year | 2016-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $30,073 |
Asset. Corporate debt instrument preferred debt at beginning of year | 2016-12-31 | $0 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2016-12-31 | $0 |
Contract administrator fees | 2016-12-31 | $9,483 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2016-12-31 | $0 |
Liabilities. Value of benefit claims payable at beginning of year | 2016-12-31 | $0 |
Assets. Value of buildings and other operty used in plan operation at beginning of year | 2016-12-31 | $0 |
Did the plan have assets held for investment | 2016-12-31 | 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 | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Liabilities. Value of acquisition indebtedness at beginning of year | 2016-12-31 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Unqualified |
Accountancy firm name | 2016-12-31 | GEORGE FOLLINI JR., CPA, P.C. |
Accountancy firm EIN | 2016-12-31 | 471491595 |
2022: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2022 form 5500 responses | ||
---|---|---|
2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Submission has been amended | No |
2022-01-01 | This submission is the final filing | No |
2022-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2022-01-01 | Plan is a collectively bargained plan | No |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |
2021: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2021 form 5500 responses | ||
2021-01-01 | Type of plan entity | Single employer plan |
2021-01-01 | Submission has been amended | Yes |
2021-01-01 | This submission is the final filing | No |
2021-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2021-01-01 | Plan is a collectively bargained plan | No |
2021-01-01 | Plan funding arrangement – Trust | Yes |
2021-01-01 | Plan benefit arrangement - Trust | Yes |
2020: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2020 form 5500 responses | ||
2020-01-01 | Type of plan entity | Single employer plan |
2020-01-01 | Submission has been amended | No |
2020-01-01 | This submission is the final filing | No |
2020-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2020-01-01 | Plan is a collectively bargained plan | No |
2020-01-01 | Plan funding arrangement – Trust | Yes |
2020-01-01 | Plan benefit arrangement - Trust | Yes |
2019: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2019 form 5500 responses | ||
2019-01-01 | Type of plan entity | Single employer plan |
2019-01-01 | Submission has been amended | No |
2019-01-01 | This submission is the final filing | No |
2019-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2019-01-01 | Plan is a collectively bargained plan | No |
2019-01-01 | Plan funding arrangement – Trust | Yes |
2019-01-01 | Plan benefit arrangement - Trust | Yes |
2018: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2018 form 5500 responses | ||
2018-01-01 | Type of plan entity | Single employer plan |
2018-01-01 | Submission has been amended | No |
2018-01-01 | This submission is the final filing | No |
2018-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2018-01-01 | Plan is a collectively bargained plan | No |
2018-01-01 | Plan funding arrangement – Trust | Yes |
2018-01-01 | Plan benefit arrangement - Trust | Yes |
2017: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2017 form 5500 responses | ||
2017-01-01 | Type of plan entity | Single employer plan |
2017-01-01 | Submission has been amended | No |
2017-01-01 | This submission is the final filing | No |
2017-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2017-01-01 | Plan is a collectively bargained plan | No |
2017-01-01 | Plan funding arrangement – Trust | Yes |
2017-01-01 | Plan benefit arrangement - Trust | Yes |
2016: STRATEGIC FUNDING SOURCE, INC. 401(K) PLAN 2016 form 5500 responses | ||
2016-01-01 | Type of plan entity | Single employer plan |
2016-01-01 | Submission has been amended | Yes |
2016-01-01 | This submission is the final filing | No |
2016-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2016-01-01 | Plan is a collectively bargained plan | No |
2016-01-01 | Plan funding arrangement – Trust | Yes |
2016-01-01 | Plan benefit arrangement - Trust | Yes |