401k Plan data: HGS DIGITAL LLC RETIREMENT PLAN plan

HGS DIGITAL LLC RETIREMENT PLAN 401k Plan overview

Plan Name	HGS DIGITAL LLC RETIREMENT PLAN
Plan identification number	001

HGS DIGITAL LLC RETIREMENT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan covering Self-Employed individuals.
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

HGS DIGITAL LLC has sponsored the creation of one or more 401k plans.

Company Name: HGS DIGITAL LLC

Employer identification number (EIN): 200458656

NAIC Classification: 541519
NAIC Description: Other Computer Related Services

Additional information about HGS DIGITAL LLC

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 2010-09-20

Company Identification Number: 0801321196

Legal Registered Office Address: 13501 GALLERIA CIR STE W240

AUSTIN
United States of America (USA)
78738

More information about HGS DIGITAL LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HGS DIGITAL LLC RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 VENKATESH KORLA
001 2017-01-01 VENKATESH KORLA
001 2010-01-01 VENKATESH KORLA 2011-09-28

Plan Statistics for HGS DIGITAL LLC RETIREMENT PLAN

401k plan membership statisitcs for HGS DIGITAL LLC RETIREMENT PLAN

Measure Date Value
2022: HGS DIGITAL LLC RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 88
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 214
Number of other retired or separated participants entitled to future benefits 2022-01-01 16
Total of all active and inactive participants 2022-01-01 230
Total participants 2022-01-01 230
Number of participants with account balances 2022-01-01 73
2021: HGS DIGITAL LLC RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 77
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 78
Number of retired or separated participants receiving benefits 2021-01-01 1
Number of other retired or separated participants entitled to future benefits 2021-01-01 9
Total of all active and inactive participants 2021-01-01 88
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 88
Number of participants with account balances 2021-01-01 65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: HGS DIGITAL LLC RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 54
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 69
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 8
Total of all active and inactive participants 2020-01-01 77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 77
Number of participants with account balances 2020-01-01 53
2019: HGS DIGITAL LLC RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 44
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 48
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 6
Total of all active and inactive participants 2019-01-01 54
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 54
Number of participants with account balances 2019-01-01 42
2018: HGS DIGITAL LLC RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 41
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 36
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 8
Total of all active and inactive participants 2018-01-01 44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 44
Number of participants with account balances 2018-01-01 40
2017: HGS DIGITAL LLC RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 31
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 33
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 8
Total of all active and inactive participants 2017-01-01 41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 41
Number of participants with account balances 2017-01-01 36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0

Measure	Date	Value
2022: HGS DIGITAL LLC RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	88
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	214
Number of other retired or separated participants entitled to future benefits	2022-01-01	16
Total of all active and inactive participants	2022-01-01	230
Total participants	2022-01-01	230
Number of participants with account balances	2022-01-01	73
2021: HGS DIGITAL LLC RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	77
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	78
Number of retired or separated participants receiving benefits	2021-01-01	1
Number of other retired or separated participants entitled to future benefits	2021-01-01	9
Total of all active and inactive participants	2021-01-01	88
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	88
Number of participants with account balances	2021-01-01	65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: HGS DIGITAL LLC RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	54
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	69
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	8
Total of all active and inactive participants	2020-01-01	77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	77
Number of participants with account balances	2020-01-01	53
2019: HGS DIGITAL LLC RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	44
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	48
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	6
Total of all active and inactive participants	2019-01-01	54
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	54
Number of participants with account balances	2019-01-01	42
2018: HGS DIGITAL LLC RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	41
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	36
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	8
Total of all active and inactive participants	2018-01-01	44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	44
Number of participants with account balances	2018-01-01	40
2017: HGS DIGITAL LLC RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	31
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	33
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	8
Total of all active and inactive participants	2017-01-01	41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	41
Number of participants with account balances	2017-01-01	36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0

Financial Data on HGS DIGITAL LLC RETIREMENT PLAN

Measure	Date	Value
2022 : HGS DIGITAL LLC RETIREMENT PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$31,872
Expenses. Total of all expenses incurred	2022-12-31	$572,074
Benefits paid (including direct rollovers)	2022-12-31	$521,538
Total plan assets at end of year	2022-12-31	$5,048,159
Total plan assets at beginning of year	2022-12-31	$5,588,361
Value of fidelity bond covering the plan	2022-12-31	$250,000
Assets. Value of tangible personal property	2022-12-31	$0
Total contributions received or receivable from participants	2022-12-31	$700,093
Assets. Value of loans (other than to participants)	2022-12-31	$0
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$46,372
Other income received	2022-12-31	$-969,912
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-540,202
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$5,048,159
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$5,588,361
Assets. Value of participant loans	2022-12-31	$31,081
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$0
Assets. Value of real-estate (other than employer real property)	2022-12-31	$0
Assets. Value of employer securities	2022-12-31	$0
Assets. Value of employer real property	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$255,319
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$5,144
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$45,392
2021 : HGS DIGITAL LLC RETIREMENT PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$1,513,010
Expenses. Total of all expenses incurred	2021-12-31	$379,500
Benefits paid (including direct rollovers)	2021-12-31	$332,630
Total plan assets at end of year	2021-12-31	$5,588,361
Total plan assets at beginning of year	2021-12-31	$4,454,851
Value of fidelity bond covering the plan	2021-12-31	$250,000
Total contributions received or receivable from participants	2021-12-31	$599,716
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$41,483
Other income received	2021-12-31	$648,295
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$1,133,510
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$5,588,361
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$4,454,851
Assets. Value of participant loans	2021-12-31	$38,282
Total contributions received or receivable from employer(s)	2021-12-31	$223,516
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$3,922
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$42,948
2020 : HGS DIGITAL LLC RETIREMENT PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$1,180,893
Expenses. Total of all expenses incurred	2020-12-31	$53,254
Benefits paid (including direct rollovers)	2020-12-31	$23,380
Total plan assets at end of year	2020-12-31	$4,454,851
Total plan assets at beginning of year	2020-12-31	$3,327,212
Value of fidelity bond covering the plan	2020-12-31	$250,000
Total contributions received or receivable from participants	2020-12-31	$434,929
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$569,468
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$1,127,639
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$4,454,851
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$3,327,212
Assets. Value of participant loans	2020-12-31	$45,315
Total contributions received or receivable from employer(s)	2020-12-31	$176,496
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$29,874
2019 : HGS DIGITAL LLC RETIREMENT PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$1,031,076
Expenses. Total of all expenses incurred	2019-12-31	$147,973
Benefits paid (including direct rollovers)	2019-12-31	$119,649
Total plan assets at end of year	2019-12-31	$3,327,212
Total plan assets at beginning of year	2019-12-31	$2,444,109
Value of fidelity bond covering the plan	2019-12-31	$250,000
Total contributions received or receivable from participants	2019-12-31	$330,943
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$553,019
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$883,103
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$3,327,212
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$2,444,109
Assets. Value of participant loans	2019-12-31	$38,540
Total contributions received or receivable from employer(s)	2019-12-31	$147,114
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$28,324
2018 : HGS DIGITAL LLC RETIREMENT PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$0
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$248,373
Expenses. Total of all expenses incurred	2018-12-31	$255,996
Benefits paid (including direct rollovers)	2018-12-31	$200,399
Total plan assets at end of year	2018-12-31	$2,444,109
Total plan assets at beginning of year	2018-12-31	$2,451,732
Value of fidelity bond covering the plan	2018-12-31	$250,000
Total contributions received or receivable from participants	2018-12-31	$288,237
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$9,861
Other income received	2018-12-31	$-170,076
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$-7,623
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$2,444,109
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$2,451,732
Assets. Value of participant loans	2018-12-31	$46,824
Total contributions received or receivable from employer(s)	2018-12-31	$120,351
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$29,689
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$25,908
2017 : HGS DIGITAL LLC RETIREMENT PLAN 2017 401k financial data
Transfers to/from the plan	2017-12-31	$0
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$816,877
Expenses. Total of all expenses incurred	2017-12-31	$50,344
Benefits paid (including direct rollovers)	2017-12-31	$44,707
Total plan assets at end of year	2017-12-31	$2,451,732
Total plan assets at beginning of year	2017-12-31	$1,685,199
Value of fidelity bond covering the plan	2017-12-31	$250,000
Total contributions received or receivable from participants	2017-12-31	$254,695
Expenses. Other expenses not covered elsewhere	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$114,282
Other income received	2017-12-31	$322,053
Noncash contributions received	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$766,533
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$2,451,732
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$1,685,199
Assets. Value of participant loans	2017-12-31	$16,129
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2017-12-31	$0
Total contributions received or receivable from employer(s)	2017-12-31	$125,847
Value of certain deemed distributions of participant loans	2017-12-31	$0
Value of corrective distributions	2017-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$5,637

Form 5500 Responses for HGS DIGITAL LLC RETIREMENT PLAN

2022: HGS DIGITAL LLC RETIREMENT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: HGS DIGITAL LLC RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: HGS DIGITAL LLC RETIREMENT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: HGS DIGITAL LLC RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: HGS DIGITAL LLC RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: HGS DIGITAL LLC RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	Yes
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	HGS DIGITAL LLC
Employer identification number (EIN):	200458656
NAIC Classification:	541519
NAIC Description:	Other Computer Related Services

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	2010-09-20
Company Identification Number:	0801321196
Legal Registered Office Address:	13501 GALLERIA CIR STE W240 AUSTIN United States of America (USA) 78738