GERLI & COMPANY, INC. has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
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2016 : AMERICAN SILK MILLS 401K PLAN 2016 401k financial data |
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Total income from all sources (including contributions) | 2016-12-31 | $278,924 |
Total of all expenses incurred | 2016-12-31 | $525,215 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $515,285 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $152,488 |
Value of total assets at end of year | 2016-12-31 | $1,892,463 |
Value of total assets at beginning of year | 2016-12-31 | $2,138,754 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $9,930 |
Total interest from all sources | 2016-12-31 | $622 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $62,359 |
Participant contributions at end of year | 2016-12-31 | $18,230 |
Participant contributions at beginning of year | 2016-12-31 | $18,490 |
Other income not declared elsewhere | 2016-12-31 | $3,334 |
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 | $-246,291 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $1,892,463 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $2,138,754 |
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 |
Value of interest in pooled separate accounts at end of year | 2016-12-31 | $1,706,569 |
Value of interest in pooled separate accounts at beginning of year | 2016-12-31 | $1,875,350 |
Interest on participant loans | 2016-12-31 | $622 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2016-12-31 | $167,664 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2016-12-31 | $244,914 |
Net investment gain/loss from pooled separate accounts | 2016-12-31 | $122,480 |
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 |
Contributions received in cash from employer | 2016-12-31 | $90,129 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $515,285 |
Contract administrator fees | 2016-12-31 | $9,930 |
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 |
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 | Disclaimer |
Accountancy firm name | 2016-12-31 | THE GATTUSO GROUP, INC. |
Accountancy firm EIN | 2016-12-31 | 203907569 |
2015 : AMERICAN SILK MILLS 401K PLAN 2015 401k financial data |
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Total income from all sources (including contributions) | 2015-12-31 | $177,754 |
Total of all expenses incurred | 2015-12-31 | $169,698 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $159,508 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $208,210 |
Value of total assets at end of year | 2015-12-31 | $2,138,754 |
Value of total assets at beginning of year | 2015-12-31 | $2,130,698 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $10,190 |
Total interest from all sources | 2015-12-31 | $843 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Contributions received from participants | 2015-12-31 | $86,396 |
Participant contributions at end of year | 2015-12-31 | $18,490 |
Participant contributions at beginning of year | 2015-12-31 | $27,110 |
Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $15,522 |
Other income not declared elsewhere | 2015-12-31 | $4,061 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Income. Non cash contributions | 2015-12-31 | $0 |
Value of net income/loss | 2015-12-31 | $8,056 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $2,138,754 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $2,130,698 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2015-12-31 | $1,875,350 |
Value of interest in pooled separate accounts at beginning of year | 2015-12-31 | $1,826,911 |
Interest on participant loans | 2015-12-31 | $843 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2015-12-31 | $244,914 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $276,677 |
Net investment gain/loss from pooled separate accounts | 2015-12-31 | $-35,360 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Assets. Value of employer real property at beginning of year | 2015-12-31 | $0 |
Contributions received in cash from employer | 2015-12-31 | $106,292 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $159,508 |
Contract administrator fees | 2015-12-31 | $10,190 |
Did the plan have assets held for investment | 2015-12-31 | 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 | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
Accountancy firm name | 2015-12-31 | THE GATTUSO GROUP, INC. |
Accountancy firm EIN | 2015-12-31 | 203907569 |