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UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 401k Plan overview

Plan NameUPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN
Plan identification number 001

UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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.

401k Sponsoring company profile

UPDATE, INC./TRIALGRAPHIX, INC. has sponsored the creation of one or more 401k plans.

Company Name:UPDATE, INC./TRIALGRAPHIX, INC.
Employer identification number (EIN):133695109
NAIC Classification:561300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01HEATHER RICHARDSON2020-09-23 HEATHER RICHARDSON2020-09-23
0012018-01-01HEATHER RICHARDSON2019-10-07 HEATHER RICHARDSON2019-10-07
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012012-01-01HEATHER RICHARDSON HEATHER RICHARDSON2013-08-07
0012011-01-01HEATHER RICHARDSON HEATHER RICHARDSON2012-11-08
0012009-01-01HEATHER RICHARDSON

Plan Statistics for UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN

401k plan membership statisitcs for UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Measure Date Value
2019: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01431
Total number of active participants reported on line 7a of the Form 55002019-01-01160
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01144
Total of all active and inactive participants2019-01-01304
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01304
Number of participants with account balances2019-01-01177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01461
Total number of active participants reported on line 7a of the Form 55002018-01-01158
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01177
Total of all active and inactive participants2018-01-01335
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01335
Number of participants with account balances2018-01-01212
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01479
Total number of active participants reported on line 7a of the Form 55002017-01-01192
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01187
Total of all active and inactive participants2017-01-01379
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01379
Number of participants with account balances2017-01-01226
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01794
Total number of active participants reported on line 7a of the Form 55002016-01-01320
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01191
Total of all active and inactive participants2016-01-01511
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01511
Number of participants with account balances2016-01-01251
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01895
Total number of active participants reported on line 7a of the Form 55002015-01-01643
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01171
Total of all active and inactive participants2015-01-01814
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01814
Number of participants with account balances2015-01-01276
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01947
Total number of active participants reported on line 7a of the Form 55002014-01-01699
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-01198
Total of all active and inactive participants2014-01-01897
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01897
Number of participants with account balances2014-01-01317
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0130
2012: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01901
Total number of active participants reported on line 7a of the Form 55002012-01-01742
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01105
Total of all active and inactive participants2012-01-01847
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01847
Number of participants with account balances2012-01-01216
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01864
Total number of active participants reported on line 7a of the Form 55002011-01-01676
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01131
Total of all active and inactive participants2011-01-01807
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01807
Number of participants with account balances2011-01-01238
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-011,250
Total number of active participants reported on line 7a of the Form 55002009-01-01995
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0171
Total of all active and inactive participants2009-01-011,066
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-011,066
Number of participants with account balances2009-01-01257
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Measure Date Value
2019 : UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2019 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$10,732
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$24,281
Total income from all sources (including contributions)2019-12-31$2,328,170
Total of all expenses incurred2019-12-31$1,119,624
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,070,652
Expenses. Certain deemed distributions of participant loans2019-12-31$6,884
Value of total corrective distributions2019-12-31$10,732
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$250,293
Value of total assets at end of year2019-12-31$9,935,161
Value of total assets at beginning of year2019-12-31$8,740,164
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$31,356
Total interest from all sources2019-12-31$1,994
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$31,356
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$250,293
Participant contributions at end of year2019-12-31$59,333
Participant contributions at beginning of year2019-12-31$54,758
Participant contributions at beginning of year2019-12-31$0
Assets. Other investments not covered elsewhere at end of year2019-12-31$461,292
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$459,730
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$10,732
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$24,281
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Income. Non cash contributions2019-12-31$0
Value of net income/loss2019-12-31$1,208,546
Value of net assets at end of year (total assets less liabilities)2019-12-31$9,924,429
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$8,715,883
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$9,414,536
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$8,225,676
Income. Interest from loans (other than to participants)2019-12-31$1,994
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,075,883
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,070,652
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31ELKO & ASSOCIATES LTD.
Accountancy firm EIN2019-12-31233063393
2018 : UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2018 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$24,281
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$65,610
Total income from all sources (including contributions)2018-12-31$-284,991
Total of all expenses incurred2018-12-31$1,175,547
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,103,176
Expenses. Certain deemed distributions of participant loans2018-12-31$21,979
Value of total corrective distributions2018-12-31$24,281
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$346,594
Value of total assets at end of year2018-12-31$8,740,164
Value of total assets at beginning of year2018-12-31$10,242,031
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$26,111
Total interest from all sources2018-12-31$1,795
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$26,111
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$346,594
Participant contributions at end of year2018-12-31$54,758
Participant contributions at beginning of year2018-12-31$77,157
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$2,293
Assets. Other investments not covered elsewhere at end of year2018-12-31$459,725
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$451,987
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$24,281
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$65,610
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
Income. Non cash contributions2018-12-31$0
Value of net income/loss2018-12-31$-1,460,538
Value of net assets at end of year (total assets less liabilities)2018-12-31$8,715,883
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$10,176,421
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$8,225,681
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$9,710,594
Interest on participant loans2018-12-31$1,795
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-633,380
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
Contributions received in cash from employer2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,103,176
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 PBGC2018-12-31No
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 name2018-12-31ELKO & ASSOCIATES LTD.
Accountancy firm EIN2018-12-31233063393
2017 : UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2017 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$65,610
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$80,376
Total income from all sources (including contributions)2017-12-31$2,079,089
Total of all expenses incurred2017-12-31$3,177,148
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$3,066,177
Expenses. Certain deemed distributions of participant loans2017-12-31$18,522
Value of total corrective distributions2017-12-31$65,610
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$406,253
Value of total assets at end of year2017-12-31$10,242,031
Value of total assets at beginning of year2017-12-31$11,354,856
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$26,839
Total interest from all sources2017-12-31$3,468
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$26,839
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$406,253
Participant contributions at end of year2017-12-31$77,157
Participant contributions at beginning of year2017-12-31$107,449
Participant contributions at end of year2017-12-31$2,293
Assets. Other investments not covered elsewhere at end of year2017-12-31$451,987
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$891,681
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$65,610
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$80,376
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-1,098,059
Value of net assets at end of year (total assets less liabilities)2017-12-31$10,176,421
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$11,274,480
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$9,710,594
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$10,355,726
Interest on participant loans2017-12-31$3,468
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,669,368
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 contributions2017-12-31Yes
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$3,066,177
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 name2017-12-31ELKO & ASSOCIATES LTD.
Accountancy firm EIN2017-12-31233063393
2016 : UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2016 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$80,376
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$91,240
Total income from all sources (including contributions)2016-12-31$1,686,771
Total of all expenses incurred2016-12-31$2,532,468
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$2,332,424
Expenses. Certain deemed distributions of participant loans2016-12-31$92,801
Value of total corrective distributions2016-12-31$80,376
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$744,746
Value of total assets at end of year2016-12-31$11,354,856
Value of total assets at beginning of year2016-12-31$12,211,417
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$26,867
Total interest from all sources2016-12-31$4,490
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
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$0
Administrative expenses professional fees incurred2016-12-31$26,867
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$710,419
Participant contributions at end of year2016-12-31$107,449
Participant contributions at beginning of year2016-12-31$181,106
Assets. Other investments not covered elsewhere at end of year2016-12-31$891,681
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$724,619
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$24,394
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$416
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$80,376
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$91,240
Administrative expenses (other) incurred2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Income. Non cash contributions2016-12-31$9,933
Value of net income/loss2016-12-31$-845,697
Value of net assets at end of year (total assets less liabilities)2016-12-31$11,274,480
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$12,120,177
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$10,355,726
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$11,305,692
Interest on participant loans2016-12-31$4,490
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$937,535
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$2,332,008
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 name2016-12-31ELKO & ASSOCIATES LTD.
Accountancy firm EIN2016-12-31233063393
2015 : UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2015 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$91,240
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$62,626
Expenses. Interest paid2015-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022015-12-31$0
Total income from all sources (including contributions)2015-12-31$353,775
Total of all expenses incurred2015-12-31$2,454,049
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$2,253,046
Expenses. Certain deemed distributions of participant loans2015-12-31$79,537
Value of total corrective distributions2015-12-31$91,240
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$784,016
Value of total assets at end of year2015-12-31$12,211,417
Value of total assets at beginning of year2015-12-31$14,283,077
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$30,226
Total interest from all sources2015-12-31$8,235
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$30,226
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$744,013
Participant contributions at end of year2015-12-31$181,106
Participant contributions at beginning of year2015-12-31$270,384
Participant contributions at beginning of year2015-12-31$2,060
Assets. Other investments not covered elsewhere at end of year2015-12-31$724,619
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$758,647
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$30,070
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$91,240
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$62,626
Other income not declared elsewhere2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Income. Non cash contributions2015-12-31$9,933
Value of net income/loss2015-12-31$-2,100,274
Value of net assets at end of year (total assets less liabilities)2015-12-31$12,120,177
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$14,220,451
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$11,305,692
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$13,251,986
Interest on participant loans2015-12-31$8,235
Value of interest in common/collective trusts at beginning of year2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-438,476
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$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$2,253,046
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 name2015-12-31ELKO & ASSOCIATES LTD.
Accountancy firm EIN2015-12-31233063393
2014 : UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2014 401k financial data
Total transfer of assets to this plan2014-12-31$4,746,726
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$62,626
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$50,749
Total income from all sources (including contributions)2014-12-31$2,661,709
Total of all expenses incurred2014-12-31$2,571,244
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,377,272
Expenses. Certain deemed distributions of participant loans2014-12-31$89,185
Value of total corrective distributions2014-12-31$62,626
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,683,213
Value of total assets at end of year2014-12-31$14,283,077
Value of total assets at beginning of year2014-12-31$9,434,009
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$42,161
Total interest from all sources2014-12-31$9,456
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Administrative expenses professional fees incurred2014-12-31$42,161
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,385,783
Participant contributions at end of year2014-12-31$270,384
Participant contributions at beginning of year2014-12-31$107,894
Participant contributions at end of year2014-12-31$2,060
Participant contributions at beginning of year2014-12-31$0
Assets. Other investments not covered elsewhere at end of year2014-12-31$758,647
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$619,323
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$297,430
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$62,626
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$50,749
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$90,465
Value of net assets at end of year (total assets less liabilities)2014-12-31$14,220,451
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$9,383,260
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$13,251,986
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$8,706,792
Interest on participant loans2014-12-31$9,456
Value of interest in common/collective trusts at end of year2014-12-31$0
Value of interest in common/collective trusts at beginning of year2014-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$969,040
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,377,272
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 name2014-12-31ELKO & ASSOCIATES LTD.
Accountancy firm EIN2014-12-31233063393
2013 : UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2013 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$50,749
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$38,029
Total income from all sources (including contributions)2013-12-31$2,524,777
Total of all expenses incurred2013-12-31$808,875
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$729,554
Expenses. Certain deemed distributions of participant loans2013-12-31$14,899
Value of total corrective distributions2013-12-31$50,749
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$965,349
Value of total assets at end of year2013-12-31$9,434,009
Value of total assets at beginning of year2013-12-31$7,705,387
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$13,673
Total interest from all sources2013-12-31$3,798
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$13,673
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$962,571
Participant contributions at end of year2013-12-31$107,894
Participant contributions at beginning of year2013-12-31$88,637
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$16,654
Assets. Other investments not covered elsewhere at end of year2013-12-31$619,323
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$2,778
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$50,749
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$38,029
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Income. Non cash contributions2013-12-31$0
Value of net income/loss2013-12-31$1,715,902
Value of net assets at end of year (total assets less liabilities)2013-12-31$9,383,260
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$7,667,358
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$8,706,792
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$6,955,887
Interest on participant loans2013-12-31$3,798
Value of interest in common/collective trusts at end of year2013-12-31$0
Value of interest in common/collective trusts at beginning of year2013-12-31$644,209
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$1,551,719
Net investment gain or loss from common/collective trusts2013-12-31$3,911
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$729,554
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31Yes
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31ELKO & ASSOCIATES LTD.
Accountancy firm EIN2013-12-31233063393
2012 : UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$38,029
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$57,844
Total income from all sources (including contributions)2012-12-31$1,572,097
Total of all expenses incurred2012-12-31$572,692
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$518,159
Expenses. Certain deemed distributions of participant loans2012-12-31$8,497
Value of total corrective distributions2012-12-31$38,029
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$705,727
Value of total assets at end of year2012-12-31$7,705,387
Value of total assets at beginning of year2012-12-31$6,725,797
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$8,007
Total interest from all sources2012-12-31$2,895
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$8,007
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$705,727
Participant contributions at end of year2012-12-31$88,637
Participant contributions at beginning of year2012-12-31$59,980
Participant contributions at end of year2012-12-31$16,654
Participant contributions at beginning of year2012-12-31$8,873
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$38,029
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$57,844
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Income. Non cash contributions2012-12-31$0
Value of net income/loss2012-12-31$999,405
Value of net assets at end of year (total assets less liabilities)2012-12-31$7,667,358
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$6,667,953
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$6,955,887
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$6,038,897
Interest on participant loans2012-12-31$2,895
Value of interest in common/collective trusts at end of year2012-12-31$644,209
Value of interest in common/collective trusts at beginning of year2012-12-31$618,047
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$859,543
Net investment gain or loss from common/collective trusts2012-12-31$3,932
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$518,159
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31ELKO & ASSOCIATES LTD.
Accountancy firm EIN2012-12-31233063393
2011 : UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2011 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$57,844
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$121,918
Expenses. Interest paid2011-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$0
Total income from all sources (including contributions)2011-12-31$468,870
Total of all expenses incurred2011-12-31$713,603
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$644,005
Expenses. Certain deemed distributions of participant loans2011-12-31$0
Value of total corrective distributions2011-12-31$57,844
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$715,311
Value of total assets at end of year2011-12-31$6,725,797
Value of total assets at beginning of year2011-12-31$7,034,604
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$11,754
Total interest from all sources2011-12-31$3,073
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$11,723
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$705,896
Participant contributions at end of year2011-12-31$59,980
Participant contributions at beginning of year2011-12-31$83,449
Participant contributions at end of year2011-12-31$8,873
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$9,415
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$57,844
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$121,918
Administrative expenses (other) incurred2011-12-31$31
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Income. Non cash contributions2011-12-31$0
Value of net income/loss2011-12-31$-244,733
Value of net assets at end of year (total assets less liabilities)2011-12-31$6,667,953
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,912,686
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$6,038,897
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$6,295,687
Interest on participant loans2011-12-31$3,073
Value of interest in common/collective trusts at end of year2011-12-31$618,047
Value of interest in common/collective trusts at beginning of year2011-12-31$655,468
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-258,901
Net investment gain or loss from common/collective trusts2011-12-31$9,387
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$644,005
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31CHODOR & ASSOCIATES, CPA S
Accountancy firm EIN2011-12-31270312364
2010 : UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$121,918
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$206,369
Total income from all sources (including contributions)2010-12-31$1,652,148
Total of all expenses incurred2010-12-31$1,936,481
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,793,474
Expenses. Certain deemed distributions of participant loans2010-12-31$0
Value of total corrective distributions2010-12-31$121,918
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$698,237
Value of total assets at end of year2010-12-31$7,034,604
Value of total assets at beginning of year2010-12-31$7,403,388
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$21,089
Total interest from all sources2010-12-31$3,668
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$5,970
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$698,237
Participant contributions at end of year2010-12-31$83,449
Participant contributions at beginning of year2010-12-31$91,433
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$3,079
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$121,918
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$206,369
Administrative expenses (other) incurred2010-12-31$7,083
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-284,333
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,912,686
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$7,197,019
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$8,036
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$6,295,687
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$6,581,825
Interest on participant loans2010-12-31$3,668
Value of interest in common/collective trusts at end of year2010-12-31$655,468
Value of interest in common/collective trusts at beginning of year2010-12-31$701,077
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$25,974
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$25,974
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$939,590
Net investment gain or loss from common/collective trusts2010-12-31$10,653
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,793,474
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31CHODOR & ASSOCIATES, CPA S
Accountancy firm EIN2010-12-31270312364

Form 5500 Responses for UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN

2019: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
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: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
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: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
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: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
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: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2012: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: UPDATE, INC. 401(K) SAVINGS AND RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

FIRST GREAT WEST LIFE INSURANCE & ANNUITY CO (National Association of Insurance Commissioners NAIC id number: 60214 )
Policy contract number386531-01
Policy instance 1
Insurance contract or identification number386531-01
Number of Individuals Covered37
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Amount paid for insurance broker fees0
Insurance broker organization code?3
FIRST GREAT WEST LIFE INSURANCE & ANNUITY CO (National Association of Insurance Commissioners NAIC id number: 60214 )
Policy contract number386531-01
Policy instance 1
Insurance contract or identification number386531-01
Number of Individuals Covered41
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $1,537
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $1,537
Insurance broker organization code?3
FIRST GREAT WEST LIFE INSURANCE & ANNUITY CO (National Association of Insurance Commissioners NAIC id number: 60214 )
Policy contract number386531-01
Policy instance 1
Insurance contract or identification number386531-01
Number of Individuals Covered48
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Insurance broker organization code?3
Insurance broker nameKEVIN PETERS
FIRST GREAT WEST LIFE INSURANCE & ANNUITY CO (National Association of Insurance Commissioners NAIC id number: 60214 )
Policy contract number386531-01
Policy instance 1
Insurance contract or identification number386531-01
Number of Individuals Covered65
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $2,343
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $2,343
Insurance broker organization code?3
Insurance broker nameKEVIN PETERS

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