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ABILITIES FIRST, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameABILITIES FIRST, INC. PROFIT SHARING PLAN
Plan identification number 002

ABILITIES FIRST, INC. PROFIT SHARING 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.
  • 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.

401k Sponsoring company profile

ABILITIES FIRST INC has sponsored the creation of one or more 401k plans.

Company Name:ABILITIES FIRST INC
Employer identification number (EIN):141467427
NAIC Classification:624310
NAIC Description:Vocational Rehabilitation Services

Additional information about ABILITIES FIRST INC

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1962-12-10
Company Identification Number: 152626
Legal Registered Office Address: 70 OVEROCKER ROAD
Dutchess
POUGHKEEPSIE
United States of America (USA)
12603

More information about ABILITIES FIRST INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ABILITIES FIRST, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01KIM RYDER
0022016-01-01SUSAN J OWEN
0022015-01-01SUSAN OWEN
0022014-01-01SUSAN OWEN
0022013-01-01SUSAN OWEN
0022012-01-01SUSAN OWEN
0022011-01-01CHRISTINE THORBJORNSEN
0022009-01-01LUDWIG BACH

Plan Statistics for ABILITIES FIRST, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for ABILITIES FIRST, INC. PROFIT SHARING PLAN

Measure Date Value
2022: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01146
Total number of active participants reported on line 7a of the Form 55002022-01-0198
Number of retired or separated participants receiving benefits2022-01-015
Number of other retired or separated participants entitled to future benefits2022-01-0138
Total of all active and inactive participants2022-01-01141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01141
Number of participants with account balances2022-01-01126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-019
2021: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01190
Total number of active participants reported on line 7a of the Form 55002021-01-01100
Number of retired or separated participants receiving benefits2021-01-015
Number of other retired or separated participants entitled to future benefits2021-01-0135
Total of all active and inactive participants2021-01-01140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01140
Number of participants with account balances2021-01-01135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-013
2020: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01200
Total number of active participants reported on line 7a of the Form 55002020-01-01113
Number of retired or separated participants receiving benefits2020-01-013
Number of other retired or separated participants entitled to future benefits2020-01-0161
Total of all active and inactive participants2020-01-01177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-012
Total participants2020-01-01179
Number of participants with account balances2020-01-01156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-013
2019: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01206
Total number of active participants reported on line 7a of the Form 55002019-01-01115
Number of retired or separated participants receiving benefits2019-01-014
Number of other retired or separated participants entitled to future benefits2019-01-0174
Total of all active and inactive participants2019-01-01193
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-012
Total participants2019-01-01195
Number of participants with account balances2019-01-01172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-017
2018: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01214
Total number of active participants reported on line 7a of the Form 55002018-01-01123
Number of retired or separated participants receiving benefits2018-01-013
Number of other retired or separated participants entitled to future benefits2018-01-0172
Total of all active and inactive participants2018-01-01198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-012
Total participants2018-01-01200
Number of participants with account balances2018-01-01160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-015
2017: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01169
Total number of active participants reported on line 7a of the Form 55002017-01-0195
Number of retired or separated participants receiving benefits2017-01-014
Number of other retired or separated participants entitled to future benefits2017-01-0181
Total of all active and inactive participants2017-01-01180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01181
Number of participants with account balances2017-01-01153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-016
2016: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01162
Total number of active participants reported on line 7a of the Form 55002016-01-0179
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0181
Total of all active and inactive participants2016-01-01160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01160
Number of participants with account balances2016-01-01147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-013
2015: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01135
Total number of active participants reported on line 7a of the Form 55002015-01-0179
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0177
Total of all active and inactive participants2015-01-01156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01156
Number of participants with account balances2015-01-01145
2014: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01137
Total number of active participants reported on line 7a of the Form 55002014-01-0176
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0156
Total of all active and inactive participants2014-01-01132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01132
Number of participants with account balances2014-01-01148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-015
2013: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01161
Total number of active participants reported on line 7a of the Form 55002013-01-0189
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0145
Total of all active and inactive participants2013-01-01134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-012
Total participants2013-01-01136
Number of participants with account balances2013-01-01153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01183
Total number of active participants reported on line 7a of the Form 55002012-01-01110
Number of retired or separated participants receiving benefits2012-01-011
Number of other retired or separated participants entitled to future benefits2012-01-0148
Total of all active and inactive participants2012-01-01159
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-01160
Number of participants with account balances2012-01-01160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-015
2011: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01167
Total number of active participants reported on line 7a of the Form 55002011-01-01179
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-01179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01179
Number of participants with account balances2011-01-01179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01167
Total number of active participants reported on line 7a of the Form 55002009-01-01105
Number of retired or separated participants receiving benefits2009-01-012
Number of other retired or separated participants entitled to future benefits2009-01-0157
Total of all active and inactive participants2009-01-01164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01164
Number of participants with account balances2009-01-01161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-017

Financial Data on ABILITIES FIRST, INC. PROFIT SHARING PLAN

Measure Date Value
2022 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-548,077
Total of all expenses incurred2022-12-31$332,290
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$329,662
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$188,333
Value of total assets at end of year2022-12-31$4,652,595
Value of total assets at beginning of year2022-12-31$5,532,962
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$2,628
Total interest from all sources2022-12-31$13,947
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Participant contributions at end of year2022-12-31$70,406
Participant contributions at beginning of year2022-12-31$132,234
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$36,177
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$60
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$283
Administrative expenses (other) incurred2022-12-31$2,628
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-880,367
Value of net assets at end of year (total assets less liabilities)2022-12-31$4,652,595
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$5,532,962
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in pooled separate accounts at end of year2022-12-31$3,991,156
Value of interest in pooled separate accounts at beginning of year2022-12-31$4,808,224
Interest on participant loans2022-12-31$4,854
Interest earned on other investments2022-12-31$9,093
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$590,973
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$592,221
Net investment gain/loss from pooled separate accounts2022-12-31$-750,357
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$152,156
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$329,662
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BONADIO & CO, LLP
Accountancy firm EIN2022-12-31161131146
2021 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$805,932
Total of all expenses incurred2021-12-31$279,481
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$276,788
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$233,793
Value of total assets at end of year2021-12-31$5,532,962
Value of total assets at beginning of year2021-12-31$5,006,511
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$2,693
Total interest from all sources2021-12-31$18,072
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Participant contributions at end of year2021-12-31$132,234
Participant contributions at beginning of year2021-12-31$140,040
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$283
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Administrative expenses (other) incurred2021-12-31$2,693
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$526,451
Value of net assets at end of year (total assets less liabilities)2021-12-31$5,532,962
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$5,006,511
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$4,808,224
Value of interest in pooled separate accounts at beginning of year2021-12-31$4,304,717
Interest on participant loans2021-12-31$9,880
Interest earned on other investments2021-12-31$8,192
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$592,221
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$561,754
Net investment gain/loss from pooled separate accounts2021-12-31$554,067
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$233,793
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$276,788
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31MARVIN AND COMPANY, P.C.
Accountancy firm EIN2021-12-31141567343
2020 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$815,730
Total of all expenses incurred2020-12-31$643,807
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$636,927
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$282,256
Value of total assets at end of year2020-12-31$5,006,511
Value of total assets at beginning of year2020-12-31$4,834,588
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$6,880
Total interest from all sources2020-12-31$14,678
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Participant contributions at end of year2020-12-31$140,040
Participant contributions at beginning of year2020-12-31$138,865
Administrative expenses (other) incurred2020-12-31$6,880
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$171,923
Value of net assets at end of year (total assets less liabilities)2020-12-31$5,006,511
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$4,834,588
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in pooled separate accounts at end of year2020-12-31$4,304,717
Value of interest in pooled separate accounts at beginning of year2020-12-31$4,097,593
Interest on participant loans2020-12-31$4,339
Interest earned on other investments2020-12-31$10,339
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$561,754
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$598,130
Net investment gain/loss from pooled separate accounts2020-12-31$518,796
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$282,256
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$636,927
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31MARVIN AND COMPANY, P.C.
Accountancy firm EIN2020-12-31141567343
2019 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$961,171
Total of all expenses incurred2019-12-31$84,749
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$77,958
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$258,592
Value of total assets at end of year2019-12-31$4,834,588
Value of total assets at beginning of year2019-12-31$3,958,166
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$6,791
Total interest from all sources2019-12-31$15,831
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Participant contributions at end of year2019-12-31$138,865
Participant contributions at beginning of year2019-12-31$120,347
Administrative expenses (other) incurred2019-12-31$6,791
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
Value of net income/loss2019-12-31$876,422
Value of net assets at end of year (total assets less liabilities)2019-12-31$4,834,588
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,958,166
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 pooled separate accounts at end of year2019-12-31$4,097,593
Value of interest in pooled separate accounts at beginning of year2019-12-31$3,252,322
Interest on participant loans2019-12-31$6,435
Interest earned on other investments2019-12-31$9,396
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$598,130
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$585,497
Net investment gain/loss from pooled separate accounts2019-12-31$686,748
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
Contributions received in cash from employer2019-12-31$258,592
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$77,958
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
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 name2019-12-31MARVIN AND COMPANY, P.C.
Accountancy firm EIN2019-12-31141567343
2018 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$6,924
Total of all expenses incurred2018-12-31$658,348
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$650,992
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$227,969
Value of total assets at end of year2018-12-31$3,958,166
Value of total assets at beginning of year2018-12-31$4,609,590
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$7,356
Total interest from all sources2018-12-31$15,126
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
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
Participant contributions at end of year2018-12-31$120,347
Participant contributions at beginning of year2018-12-31$153,612
Administrative expenses (other) incurred2018-12-31$7,356
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-651,424
Value of net assets at end of year (total assets less liabilities)2018-12-31$3,958,166
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,609,590
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 pooled separate accounts at end of year2018-12-31$3,252,322
Value of interest in pooled separate accounts at beginning of year2018-12-31$3,755,494
Interest on participant loans2018-12-31$6,214
Interest earned on other investments2018-12-31$8,912
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$585,497
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$700,484
Net investment gain/loss from pooled separate accounts2018-12-31$-236,171
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$227,969
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$650,992
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 PBGC2018-12-31No
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 name2018-12-31MARVIN AND COMPANY, P.C.
Accountancy firm EIN2018-12-31141567343
2017 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$687,095
Total of all expenses incurred2017-12-31$265,010
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$256,841
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$158,254
Value of total assets at end of year2017-12-31$4,609,590
Value of total assets at beginning of year2017-12-31$4,187,505
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$8,169
Total interest from all sources2017-12-31$17,012
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
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
Participant contributions at end of year2017-12-31$153,612
Participant contributions at beginning of year2017-12-31$150,924
Administrative expenses (other) incurred2017-12-31$8,169
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$422,085
Value of net assets at end of year (total assets less liabilities)2017-12-31$4,609,590
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$4,187,505
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 pooled separate accounts at end of year2017-12-31$3,755,494
Value of interest in pooled separate accounts at beginning of year2017-12-31$3,220,656
Interest on participant loans2017-12-31$7,004
Interest earned on other investments2017-12-31$10,008
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$700,484
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$815,925
Net investment gain/loss from pooled separate accounts2017-12-31$511,829
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
Contributions received in cash from employer2017-12-31$158,254
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$256,841
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 name2017-12-31MARVIN AND COMPANY, P.C.
Accountancy firm EIN2017-12-31141567343
2016 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$455,096
Total of all expenses incurred2016-12-31$126,625
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$117,036
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$209,024
Value of total assets at end of year2016-12-31$4,187,505
Value of total assets at beginning of year2016-12-31$3,859,034
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$9,589
Total interest from all sources2016-12-31$6,160
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
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
Participant contributions at end of year2016-12-31$150,924
Participant contributions at beginning of year2016-12-31$133,320
Other income not declared elsewhere2016-12-31$11,032
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$328,471
Value of net assets at end of year (total assets less liabilities)2016-12-31$4,187,505
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$3,859,034
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 pooled separate accounts at end of year2016-12-31$3,220,656
Value of interest in pooled separate accounts at beginning of year2016-12-31$2,956,949
Interest on participant loans2016-12-31$6,160
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$815,925
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$768,765
Net investment gain/loss from pooled separate accounts2016-12-31$228,880
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$209,024
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$117,036
Contract administrator fees2016-12-31$9,589
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31MARVIN AND COMPANY, P.C.
Accountancy firm EIN2016-12-31141567343
2015 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$-18,398
Total of all expenses incurred2015-12-31$274,437
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$264,824
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$8,727
Value of total assets at end of year2015-12-31$3,859,034
Value of total assets at beginning of year2015-12-31$4,151,869
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$9,613
Total interest from all sources2015-12-31$5,111
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
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$0
Participant contributions at end of year2015-12-31$133,320
Participant contributions at beginning of year2015-12-31$121,173
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$4,351
Other income not declared elsewhere2015-12-31$12,544
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-292,835
Value of net assets at end of year (total assets less liabilities)2015-12-31$3,859,034
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$4,151,869
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 pooled separate accounts at end of year2015-12-31$2,956,949
Value of interest in pooled separate accounts at beginning of year2015-12-31$2,996,448
Interest on participant loans2015-12-31$5,111
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$768,765
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$844,498
Net investment gain/loss from pooled separate accounts2015-12-31$-44,780
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$4,376
Employer contributions (assets) at beginning of year2015-12-31$189,750
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$264,824
Contract administrator fees2015-12-31$9,613
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 name2015-12-31MARVIN AND COMPANY, P.C.
Accountancy firm EIN2015-12-31141567343
2014 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$381,183
Total of all expenses incurred2014-12-31$224,571
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$215,595
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$193,675
Value of total assets at end of year2014-12-31$4,151,869
Value of total assets at beginning of year2014-12-31$3,995,257
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$8,976
Total interest from all sources2014-12-31$5,134
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
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
Participant contributions at end of year2014-12-31$121,173
Participant contributions at beginning of year2014-12-31$101,110
Other income not declared elsewhere2014-12-31$13,720
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$156,612
Value of net assets at end of year (total assets less liabilities)2014-12-31$4,151,869
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$3,995,257
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 pooled separate accounts at end of year2014-12-31$2,996,448
Value of interest in pooled separate accounts at beginning of year2014-12-31$2,793,581
Interest on participant loans2014-12-31$5,134
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$844,498
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$876,391
Net investment gain/loss from pooled separate accounts2014-12-31$168,654
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$193,675
Employer contributions (assets) at end of year2014-12-31$189,750
Employer contributions (assets) at beginning of year2014-12-31$224,175
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$215,595
Contract administrator fees2014-12-31$8,976
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 name2014-12-31MARVIN AND COMPANY, P.C
Accountancy firm EIN2014-12-31141567343
2013 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$748,914
Total of all expenses incurred2013-12-31$763,382
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$754,772
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$222,314
Value of total assets at end of year2013-12-31$3,995,257
Value of total assets at beginning of year2013-12-31$4,009,725
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$8,610
Total interest from all sources2013-12-31$4,948
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$0
Participant contributions at end of year2013-12-31$101,110
Participant contributions at beginning of year2013-12-31$121,243
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$0
Other income not declared elsewhere2013-12-31$16,816
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-14,468
Value of net assets at end of year (total assets less liabilities)2013-12-31$3,995,257
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$4,009,725
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 pooled separate accounts at end of year2013-12-31$2,793,581
Value of interest in pooled separate accounts at beginning of year2013-12-31$2,452,844
Interest on participant loans2013-12-31$4,948
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$876,391
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$1,188,638
Net investment gain/loss from pooled separate accounts2013-12-31$504,836
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$222,314
Employer contributions (assets) at end of year2013-12-31$224,175
Employer contributions (assets) at beginning of year2013-12-31$247,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$754,772
Contract administrator fees2013-12-31$8,610
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 name2013-12-31MARVIN AND COMPANY, P.C.
Accountancy firm EIN2013-12-31141567343
2012 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets from this plan2012-12-31$6,916
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$558,913
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$245,112
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$236,639
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$247,191
Value of total assets at end of year2012-12-31$4,009,725
Value of total assets at beginning of year2012-12-31$3,702,840
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$8,473
Total interest from all sources2012-12-31$5,218
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31No
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Participant contributions at end of year2012-12-31$121,243
Participant contributions at beginning of year2012-12-31$99,251
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$191
Other income not declared elsewhere2012-12-31$23,346
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
Value of net income/loss2012-12-31$313,801
Value of net assets at end of year (total assets less liabilities)2012-12-31$4,009,725
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$3,702,840
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 pooled separate accounts at end of year2012-12-31$2,452,844
Value of interest in pooled separate accounts at beginning of year2012-12-31$2,200,330
Interest on participant loans2012-12-31$5,218
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$1,188,638
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$1,150,788
Net investment gain/loss from pooled separate accounts2012-12-31$283,158
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$247,000
Employer contributions (assets) at end of year2012-12-31$247,000
Employer contributions (assets) at beginning of year2012-12-31$252,471
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$236,639
Contract administrator fees2012-12-31$8,473
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 name2012-12-31MARVIN AND COMPANY, P.C.
Accountancy firm EIN2012-12-31141567343
2011 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$238,543
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$122,304
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$114,410
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$252,471
Value of total assets at end of year2011-12-31$3,702,840
Value of total assets at beginning of year2011-12-31$3,586,601
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$7,894
Total interest from all sources2011-12-31$4,023
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31No
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$0
Participant contributions at end of year2011-12-31$99,251
Participant contributions at beginning of year2011-12-31$72,090
Other income not declared elsewhere2011-12-31$30,444
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
Value of net income/loss2011-12-31$116,239
Value of net assets at end of year (total assets less liabilities)2011-12-31$3,702,840
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$3,586,601
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 pooled separate accounts at end of year2011-12-31$2,200,330
Value of interest in pooled separate accounts at beginning of year2011-12-31$2,081,754
Interest on participant loans2011-12-31$4,023
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$1,150,788
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$1,152,974
Net investment gain/loss from pooled separate accounts2011-12-31$-48,395
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$252,471
Employer contributions (assets) at end of year2011-12-31$252,471
Employer contributions (assets) at beginning of year2011-12-31$279,783
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$114,410
Contract administrator fees2011-12-31$7,894
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 name2011-12-31MARVIN AND COMPANY PC
Accountancy firm EIN2011-12-31141567343
2010 : ABILITIES FIRST, INC. PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$513,723
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$134,239
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$129,195
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$279,783
Value of total assets at end of year2010-12-31$3,586,601
Value of total assets at beginning of year2010-12-31$3,207,117
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$5,044
Total interest from all sources2010-12-31$3,228
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31No
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Participant contributions at end of year2010-12-31$72,090
Participant contributions at beginning of year2010-12-31$77,740
Other income not declared elsewhere2010-12-31$20,056
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$379,484
Value of net assets at end of year (total assets less liabilities)2010-12-31$3,586,601
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$3,207,117
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
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,551,245
Value of interest in pooled separate accounts at end of year2010-12-31$2,081,754
Income. Interest from loans (other than to participants)2010-12-31$3,228
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,311,393
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,311,393
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$1,152,974
Net investment gain/loss from pooled separate accounts2010-12-31$210,656
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
Contributions received in cash from employer2010-12-31$279,783
Employer contributions (assets) at end of year2010-12-31$279,783
Employer contributions (assets) at beginning of year2010-12-31$266,739
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$129,195
Contract administrator fees2010-12-31$5,044
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)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MARVIN AND COMPANY, P.C.
Accountancy firm EIN2010-12-31141567343

Form 5500 Responses for ABILITIES FIRST, INC. PROFIT SHARING PLAN

2022: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
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: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
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: ABILITIES FIRST, INC. PROFIT SHARING 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: ABILITIES FIRST, INC. PROFIT SHARING 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: ABILITIES FIRST, INC. PROFIT SHARING 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: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: ABILITIES FIRST, INC. PROFIT SHARING 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 – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: ABILITIES FIRST, INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
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 – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: ABILITIES FIRST, INC. PROFIT SHARING 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

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number341720
Policy instance 1
Insurance contract or identification number341720
Number of Individuals Covered126
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $8,028
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,488
Insurance broker organization code?3
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number341720
Policy instance 1
Insurance contract or identification number341720
Number of Individuals Covered135
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $8,705
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $8,705
Insurance broker organization code?3
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number341720
Policy instance 1
Insurance contract or identification number341720
Number of Individuals Covered156
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $7,624
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $7,624
Insurance broker organization code?3
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number341720
Policy instance 1
Insurance contract or identification number341720
Number of Individuals Covered172
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $7,104
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $7,104
Insurance broker organization code?3
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number341720
Policy instance 1
Insurance contract or identification number341720
Number of Individuals Covered160
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $7,419
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,813
Insurance broker organization code?3
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number341720
Policy instance 1
Insurance contract or identification number341720
Number of Individuals Covered153
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $7,115
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $7,115
Insurance broker organization code?3
Insurance broker nameWELLS FARGO ADVISORS INS AGENCY

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