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NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameNOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN
Plan identification number 001

NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NOVITEX ENTERPRISE SOLUTIONS, INC has sponsored the creation of one or more 401k plans.

Company Name:NOVITEX ENTERPRISE SOLUTIONS, INC
Employer identification number (EIN):133587073
NAIC Classification:561430

Additional information about NOVITEX ENTERPRISE SOLUTIONS, INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2212506

More information about NOVITEX ENTERPRISE SOLUTIONS, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01
0012017-01-01SUSAN PANDOLF
0012016-01-01SUSAN PANDOLF
0012015-01-01SUSAN PANDOLF
0012014-01-01JOHN PACKARD
0012014-01-01ANTONY LABOZETTA

Plan Statistics for NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN

Measure Date Value
2018: NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-018,257
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-019,447
Total number of active participants reported on line 7a of the Form 55002017-01-016,276
Number of retired or separated participants receiving benefits2017-01-0147
Number of other retired or separated participants entitled to future benefits2017-01-011,888
Total of all active and inactive participants2017-01-018,211
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-0146
Total participants2017-01-018,257
Number of participants with account balances2017-01-017,550
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0187
2016: NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0110,028
Total number of active participants reported on line 7a of the Form 55002016-01-017,029
Number of retired or separated participants receiving benefits2016-01-0145
Number of other retired or separated participants entitled to future benefits2016-01-012,336
Total of all active and inactive participants2016-01-019,410
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-0137
Total participants2016-01-019,447
Number of participants with account balances2016-01-018,682
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-01322
2015: NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0110,762
Total number of active participants reported on line 7a of the Form 55002015-01-017,587
Number of retired or separated participants receiving benefits2015-01-0135
Number of other retired or separated participants entitled to future benefits2015-01-012,377
Total of all active and inactive participants2015-01-019,999
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-0129
Total participants2015-01-0110,028
Number of participants with account balances2015-01-019,190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-013
2014: NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-019,213
Total number of active participants reported on line 7a of the Form 55002014-01-018,481
Number of retired or separated participants receiving benefits2014-01-0130
Number of other retired or separated participants entitled to future benefits2014-01-012,228
Total of all active and inactive participants2014-01-0110,739
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-0123
Total participants2014-01-0110,762
Number of participants with account balances2014-01-019,749
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-013

Financial Data on NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN

Measure Date Value
2018 : NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2018 401k financial data
Total transfer of assets from this plan2018-12-31$141,422,017
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$141,422,017
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$3,037,298
Total of all expenses incurred2018-12-31$31,634,917
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$30,943,929
Expenses. Certain deemed distributions of participant loans2018-12-31$20,242
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$10,806,067
Value of total assets at end of year2018-12-31$141,422,017
Value of total assets at beginning of year2018-12-31$170,019,636
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$670,746
Total interest from all sources2018-12-31$532,993
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$2,581,683
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$2,581,683
Administrative expenses professional fees incurred2018-12-31$18,000
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
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$9,205,287
Participant contributions at end of year2018-12-31$5,347,918
Participant contributions at beginning of year2018-12-31$5,748,301
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$335,140
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$1,600,780
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$141,422,017
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$0
Administrative expenses (other) incurred2018-12-31$527,746
Total non interest bearing cash at end of year2018-12-31$59,117
Total non interest bearing cash at beginning of year2018-12-31$55,688
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-28,597,619
Value of net assets at end of year (total assets less liabilities)2018-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$170,019,636
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
Investment advisory and management fees2018-12-31$125,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$119,065,321
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$146,407,182
Interest on participant loans2018-12-31$266,779
Interest earned on other investments2018-12-31$265,927
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$64,050
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$95,182
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$95,182
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$287
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$16,885,611
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$17,378,143
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-10,883,445
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$30,943,929
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 PBGC2018-12-31Yes
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 name2018-12-31SUTTON FROST CARY LLP
Accountancy firm EIN2018-12-31752593210
2017 : NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$36,770,068
Total of all expenses incurred2017-12-31$21,207,852
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$20,494,167
Expenses. Certain deemed distributions of participant loans2017-12-31$53,021
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$12,037,990
Value of total assets at end of year2017-12-31$170,019,636
Value of total assets at beginning of year2017-12-31$154,457,420
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$660,664
Total interest from all sources2017-12-31$498,984
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$2,419,908
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$2,419,908
Administrative expenses professional fees incurred2017-12-31$20,000
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
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$10,336,056
Participant contributions at end of year2017-12-31$5,748,301
Participant contributions at beginning of year2017-12-31$5,520,128
Participant contributions at end of year2017-12-31$335,140
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$1,701,934
Administrative expenses (other) incurred2017-12-31$515,664
Total non interest bearing cash at end of year2017-12-31$55,688
Total non interest bearing cash at beginning of year2017-12-31$55,244
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$15,562,216
Value of net assets at end of year (total assets less liabilities)2017-12-31$170,019,636
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$154,457,420
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
Investment advisory and management fees2017-12-31$125,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$146,407,182
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$129,840,012
Interest on participant loans2017-12-31$251,095
Interest earned on other investments2017-12-31$247,819
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$95,182
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$47,233
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$47,233
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$70
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$17,378,143
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$18,994,803
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$21,813,186
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$20,494,167
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 name2017-12-31SUTTON FROST CARY LLP
Accountancy firm EIN2017-12-31752593210
2016 : NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$21,644,774
Total of all expenses incurred2016-12-31$24,641,036
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$23,986,775
Expenses. Certain deemed distributions of participant loans2016-12-31$19,346
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$11,162,805
Value of total assets at end of year2016-12-31$154,457,420
Value of total assets at beginning of year2016-12-31$157,453,682
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$634,915
Total interest from all sources2016-12-31$475,389
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,772,189
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$1,772,189
Administrative expenses professional fees incurred2016-12-31$20,500
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
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$9,619,560
Participant contributions at end of year2016-12-31$5,520,128
Participant contributions at beginning of year2016-12-31$5,156,718
Participant contributions at beginning of year2016-12-31$357,926
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$1,520,211
Administrative expenses (other) incurred2016-12-31$489,415
Total non interest bearing cash at end of year2016-12-31$55,244
Total non interest bearing cash at beginning of year2016-12-31$57,290
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-2,996,262
Value of net assets at end of year (total assets less liabilities)2016-12-31$154,457,420
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$157,453,682
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
Investment advisory and management fees2016-12-31$125,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$129,840,012
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$129,804,987
Interest on participant loans2016-12-31$206,647
Interest earned on other investments2016-12-31$268,742
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$47,233
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$8,928
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$8,928
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$18,994,803
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$19,710,978
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$8,234,391
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$23,034
Employer contributions (assets) at beginning of year2016-12-31$2,356,855
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$23,986,775
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 name2016-12-31BDO USA, LLP
Accountancy firm EIN2016-12-31135381590
2015 : NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$15,759,933
Total of all expenses incurred2015-12-31$30,570,786
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$29,887,984
Expenses. Certain deemed distributions of participant loans2015-12-31$2,441
Value of total corrective distributions2015-12-31$38,502
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$13,956,578
Value of total assets at end of year2015-12-31$157,453,682
Value of total assets at beginning of year2015-12-31$172,264,535
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$641,859
Total interest from all sources2015-12-31$515,132
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,845,513
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$1,845,513
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
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$10,404,584
Participant contributions at end of year2015-12-31$5,156,718
Participant contributions at beginning of year2015-12-31$6,482,356
Participant contributions at end of year2015-12-31$357,926
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$1,095,906
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$33,405
Administrative expenses (other) incurred2015-12-31$516,859
Total non interest bearing cash at end of year2015-12-31$57,290
Total non interest bearing cash at beginning of year2015-12-31$24,856
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-14,810,853
Value of net assets at end of year (total assets less liabilities)2015-12-31$157,453,682
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$172,264,535
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
Investment advisory and management fees2015-12-31$125,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$129,804,987
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$144,298,009
Interest on participant loans2015-12-31$221,035
Interest earned on other investments2015-12-31$294,097
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$8,928
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$19,710,978
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$21,425,909
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-557,290
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$2,456,088
Employer contributions (assets) at end of year2015-12-31$2,356,855
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$29,887,984
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 name2015-12-31BDO USA, LLP
Accountancy firm EIN2015-12-31135381590
2014 : NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2014 401k financial data
Total transfer of assets to this plan2014-12-31$176,829,079
Total income from all sources (including contributions)2014-12-31$29,696,397
Total of all expenses incurred2014-12-31$34,260,941
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$33,503,758
Expenses. Certain deemed distributions of participant loans2014-12-31$88,233
Value of total corrective distributions2014-12-31$16,901
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$18,338,111
Value of total assets at end of year2014-12-31$172,264,535
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$652,049
Total interest from all sources2014-12-31$249,496
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$2,404,361
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$2,404,361
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$10,000,000
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$11,125,870
Participant contributions at end of year2014-12-31$6,482,356
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$3,202,235
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$33,405
Administrative expenses (other) incurred2014-12-31$558,549
Total non interest bearing cash at end of year2014-12-31$21,031
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-4,564,544
Value of net assets at end of year (total assets less liabilities)2014-12-31$172,264,535
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
Investment advisory and management fees2014-12-31$93,500
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$144,298,009
Interest on participant loans2014-12-31$249,496
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$3,825
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$21,425,909
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$8,704,429
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$4,010,006
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$33,503,758
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 name2014-12-31BDO USA, LLP
Accountancy firm EIN2014-12-31135381590

Form 5500 Responses for NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN

2018: NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01This submission is the final filingYes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: NOVITEX ENTERPRISE SOLUTIONS RETIREMENT SAVINGS PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
2014-01-01Submission has been amendedYes
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract numberJK62875
Policy instance 1
Insurance contract or identification numberJK62875
Number of Individuals Covered6950
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract numberJK62875
Policy instance 1
Insurance contract or identification numberJK62875
Number of Individuals Covered7550
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract numberJK62875
Policy instance 1
Insurance contract or identification numberJK62875
Number of Individuals Covered9190
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract numberJK62875
Policy instance 1
Insurance contract or identification numberJK62875
Number of Individuals Covered9749
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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