TAUREX DRILL BITS, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan HIJET BIT 401(K) RETIREMENT PLAN
Measure | Date | Value |
---|
2021 : HIJET BIT 401(K) RETIREMENT PLAN 2021 401k financial data |
---|
Total income from all sources (including contributions) | 2021-12-31 | $1,578,188 |
Total of all expenses incurred | 2021-12-31 | $445,442 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $398,410 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $807,412 |
Value of total assets at end of year | 2021-12-31 | $5,685,858 |
Value of total assets at beginning of year | 2021-12-31 | $4,553,112 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $47,032 |
Total interest from all sources | 2021-12-31 | $7,224 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $353,078 |
Participant contributions at end of year | 2021-12-31 | $114,069 |
Participant contributions at beginning of year | 2021-12-31 | $97,004 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $250,343 |
Total non interest bearing cash at end of year | 2021-12-31 | $503 |
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 | $1,132,746 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $5,685,858 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $4,553,112 |
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 pooled separate accounts at end of year | 2021-12-31 | $5,571,286 |
Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $4,452,384 |
Interest on participant loans | 2021-12-31 | $7,224 |
Net investment gain/loss from pooled separate accounts | 2021-12-31 | $763,552 |
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 | No |
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 | $203,991 |
Employer contributions (assets) at end of year | 2021-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $3,724 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $398,410 |
Contract administrator fees | 2021-12-31 | $47,032 |
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 | No |
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 | PRICEKUBECKA, PLLC |
Accountancy firm EIN | 2021-12-31 | 752783674 |
2020 : HIJET BIT 401(K) RETIREMENT PLAN 2020 401k financial data |
---|
Total income from all sources (including contributions) | 2020-12-31 | $1,061,445 |
Total of all expenses incurred | 2020-12-31 | $2,382,070 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $2,339,115 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $512,727 |
Value of total assets at end of year | 2020-12-31 | $4,553,112 |
Value of total assets at beginning of year | 2020-12-31 | $5,873,737 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $42,955 |
Total interest from all sources | 2020-12-31 | $6,198 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $500,000 |
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 | $320,892 |
Participant contributions at end of year | 2020-12-31 | $97,004 |
Participant contributions at beginning of year | 2020-12-31 | $115,859 |
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 | $-1,320,625 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $4,553,112 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $5,873,737 |
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 pooled separate accounts at end of year | 2020-12-31 | $4,452,384 |
Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $5,757,878 |
Interest on participant loans | 2020-12-31 | $6,198 |
Net investment gain/loss from pooled separate accounts | 2020-12-31 | $542,520 |
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 | $191,835 |
Employer contributions (assets) at end of year | 2020-12-31 | $3,724 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $2,339,115 |
Contract administrator fees | 2020-12-31 | $42,955 |
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 | Unqualified |
Accountancy firm name | 2020-12-31 | PRICEKUBECKA, PLLC |
Accountancy firm EIN | 2020-12-31 | 752783674 |