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QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameQUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN
Plan identification number 001

QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

QUALITY INNOVATIVE SOLUTIONS, IN has sponsored the creation of one or more 401k plans.

Company Name:QUALITY INNOVATIVE SOLUTIONS, IN
Employer identification number (EIN):201377935
NAIC Classification:541330
NAIC Description:Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01CAITLIN HUSSMAN2023-06-14
0012021-01-01CAITLIN HUSSMAN2022-06-17
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01BOBBY MULLINS BOBBY MULLINS2018-10-15
0012016-01-01BOBBY MULLINS BOBBY MULLINS2017-10-16
0012015-01-01BOBBY MULLINS2016-07-04 BOBBY MULLINS2016-07-04
0012014-01-01BOBBY MULLINS2015-06-15 BOBBY MULLINS2015-06-15
0012013-01-01BOBBY MULLINS2014-06-08 BOBBY MULLINS2014-06-08
0012012-01-01TERESA CARPENTER2013-07-10
0012011-01-01BOBBY MULLINS2012-07-18
0012010-01-01QUALITY INNOVATIVE SOLUTIONS I2011-07-08

Plan Statistics for QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2020: QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01103
Total number of active participants reported on line 7a of the Form 55002020-01-0157
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0130
Total of all active and inactive participants2020-01-0187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0187
Number of participants with account balances2020-01-0159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01147
Total number of active participants reported on line 7a of the Form 55002019-01-0169
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0139
Total of all active and inactive participants2019-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01108
Number of participants with account balances2019-01-0173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01170
Total number of active participants reported on line 7a of the Form 55002018-01-01130
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0117
Total of all active and inactive participants2018-01-01147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01147
Number of participants with account balances2018-01-0169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01139
Total number of active participants reported on line 7a of the Form 55002017-01-01134
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0115
Total of all active and inactive participants2017-01-01149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01149
Number of participants with account balances2017-01-0178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01125
Total number of active participants reported on line 7a of the Form 55002016-01-01124
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0110
Total of all active and inactive participants2016-01-01134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01134
Number of participants with account balances2016-01-0160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2020 : QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total transfer of assets from this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$602,726
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,067,420
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,033,139
Expenses. Certain deemed distributions of participant loans2020-12-31$22,515
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$287,100
Value of total assets at end of year2020-12-31$2,139,029
Value of total assets at beginning of year2020-12-31$2,603,723
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$11,766
Total interest from all sources2020-12-31$1,674
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$66,753
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$66,753
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$261,000
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
Contributions received from participants2020-12-31$201,948
Participant contributions at end of year2020-12-31$3,272
Participant contributions at beginning of year2020-12-31$30,053
Other income not declared elsewhere2020-12-31$0
Administrative expenses (other) incurred2020-12-31$11,766
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-464,694
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,139,029
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,603,723
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 registered invesment companies (eg mutual funds) at end of year2020-12-31$2,135,725
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$2,573,668
Interest on participant loans2020-12-31$1,674
Value of interest in common/collective trusts at end of year2020-12-31$32
Value of interest in common/collective trusts at beginning of year2020-12-31$2
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$247,170
Net investment gain or loss from common/collective trusts2020-12-31$29
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$85,152
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,033,139
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 name2020-12-31PKF, LLP
Accountancy firm EIN2020-12-31813391684
2019 : QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets from this plan2019-12-31$0
Total transfer of assets from this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$924,539
Total income from all sources (including contributions)2019-12-31$924,539
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$844,435
Total of all expenses incurred2019-12-31$844,435
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$831,363
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$831,363
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$427,622
Value of total assets at end of year2019-12-31$2,603,723
Value of total assets at end of year2019-12-31$2,603,723
Value of total assets at beginning of year2019-12-31$2,523,619
Value of total assets at beginning of year2019-12-31$2,523,619
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$13,072
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$13,072
Total interest from all sources2019-12-31$3,060
Total interest from all sources2019-12-31$3,060
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$74,213
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$74,213
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$74,213
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$74,213
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$253,000
Value of fidelity bond cover2019-12-31$253,000
If this is an individual account plan, was there a blackout period2019-12-31Yes
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
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$291,451
Participant contributions at end of year2019-12-31$30,053
Participant contributions at end of year2019-12-31$30,053
Participant contributions at beginning of year2019-12-31$81,309
Participant contributions at beginning of year2019-12-31$81,309
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$8,677
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$8,677
Other income not declared elsewhere2019-12-31$2,890
Other income not declared elsewhere2019-12-31$2,890
Administrative expenses (other) incurred2019-12-31$13,072
Administrative expenses (other) incurred2019-12-31$13,072
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
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$80,104
Value of net income/loss2019-12-31$80,104
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,603,723
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,603,723
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,523,619
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,523,619
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 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
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,573,668
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,573,668
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$607,361
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$607,361
Value of interest in pooled separate accounts at beginning of year2019-12-31$110,757
Value of interest in pooled separate accounts at beginning of year2019-12-31$110,757
Interest on participant loans2019-12-31$3,060
Interest on participant loans2019-12-31$3,060
Value of interest in common/collective trusts at end of year2019-12-31$2
Value of interest in common/collective trusts at end of year2019-12-31$2
Value of interest in common/collective trusts at beginning of year2019-12-31$1,724,192
Value of interest in common/collective trusts at beginning of year2019-12-31$1,724,192
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$416,751
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$416,751
Net investment gain or loss from common/collective trusts2019-12-31$3
Net investment gain or loss from common/collective trusts2019-12-31$3
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
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
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$127,494
Contributions received in cash from employer2019-12-31$127,494
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$831,363
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$831,363
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
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
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
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
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PKF, LLP
Accountancy firm name2019-12-31PKF, LLP
Accountancy firm EIN2019-12-31813391684
Accountancy firm EIN2019-12-31813391684
2018 : QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets2018-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$0
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$336,528
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$396,946
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$394,634
Expenses. Certain deemed distributions of participant loans2018-12-31$0
Value of total corrective distributions2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$516,453
Value of total assets at end of year2018-12-31$2,523,619
Value of total assets at beginning of year2018-12-31$2,584,037
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$2,312
Total income from rents2018-12-31$0
Total interest from all sources2018-12-31$5,654
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$7,151
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$7,151
Administrative expenses professional fees incurred2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$300,000
If this is an individual account plan, was there a blackout period2018-12-31Yes
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
Amount of non-exempt transactions with any party-in-interest2018-12-31$0
Contributions received from participants2018-12-31$355,205
Participant contributions at end of year2018-12-31$81,309
Participant contributions at beginning of year2018-12-31$93,049
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$14,323
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$2,104
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$18,864
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$0
Other income not declared elsewhere2018-12-31$839
Administrative expenses (other) incurred2018-12-31$0
Liabilities. Value of operating payables at beginning of year2018-12-31$0
Total non interest bearing cash at end of year2018-12-31$0
Total non interest bearing cash at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-60,418
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,523,619
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,584,037
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2018-12-31$0
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2018-12-31$0
Investment advisory and management fees2018-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$607,361
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$672,466
Value of interest in pooled separate accounts at end of year2018-12-31$110,757
Value of interest in pooled separate accounts at beginning of year2018-12-31$55,830
Interest on participant loans2018-12-31$5,503
Income. Interest from loans (other than to participants)2018-12-31$0
Interest earned on other investments2018-12-31$151
Income. Interest from US Government securities2018-12-31$0
Income. Interest from corporate debt instruments2018-12-31$0
Value of interest in common/collective trusts at end of year2018-12-31$1,724,192
Value of interest in common/collective trusts at beginning of year2018-12-31$1,726,937
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$14,968
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-45,996
Net investment gain/loss from pooled separate accounts2018-12-31$-9,305
Net investment gain or loss from common/collective trusts2018-12-31$-138,268
Net gain/loss from 103.12 investment entities2018-12-31$0
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 contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$159,144
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$6,464
Income. Dividends from preferred stock2018-12-31$0
Income. Dividends from common stock2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$375,770
Contract administrator fees2018-12-31$2,312
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31Yes
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$0
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
Aggregate proceeds on sale of assets2018-12-31$0
Aggregate carrying amount (costs) on sale of assets2018-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$0
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 name2018-12-31PKF ACCOUNTANTS AND BUSINESS ADVISO
Accountancy firm EIN2018-12-31813391684
2017 : QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2017 401k financial data
Unrealized appreciation/depreciation of real estate assets2017-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$0
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Expenses. Interest paid2017-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022017-12-31$0
Total income from all sources (including contributions)2017-12-31$841,365
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$149,158
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$146,721
Expenses. Certain deemed distributions of participant loans2017-12-31$863
Value of total corrective distributions2017-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$545,322
Value of total assets at end of year2017-12-31$2,584,037
Value of total assets at beginning of year2017-12-31$1,891,830
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,574
Total income from rents2017-12-31$0
Total interest from all sources2017-12-31$3,506
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$6,823
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$6,823
Administrative expenses professional fees incurred2017-12-31$0
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$250,000
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
Amount of non-exempt transactions with any party-in-interest2017-12-31$0
Contributions received from participants2017-12-31$326,047
Participant contributions at end of year2017-12-31$93,049
Participant contributions at beginning of year2017-12-31$63,176
Participant contributions at end of year2017-12-31$14,323
Participant contributions at beginning of year2017-12-31$10,696
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$65,475
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$0
Other income not declared elsewhere2017-12-31$563
Administrative expenses (other) incurred2017-12-31$0
Liabilities. Value of operating payables at beginning of year2017-12-31$0
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Income. Non cash contributions2017-12-31$0
Value of net income/loss2017-12-31$692,207
Value of net assets at end of year (total assets less liabilities)2017-12-31$2,584,037
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$1,891,830
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2017-12-31$0
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2017-12-31$0
Investment advisory and management fees2017-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$672,466
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$492,592
Value of interest in pooled separate accounts at end of year2017-12-31$55,830
Value of interest in pooled separate accounts at beginning of year2017-12-31$39,471
Interest on participant loans2017-12-31$3,193
Income. Interest from loans (other than to participants)2017-12-31$0
Interest earned on other investments2017-12-31$313
Income. Interest from US Government securities2017-12-31$0
Income. Interest from corporate debt instruments2017-12-31$0
Value of interest in common/collective trusts at end of year2017-12-31$1,726,937
Value of interest in common/collective trusts at beginning of year2017-12-31$1,233,869
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$14,968
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$46,770
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$78,787
Net investment gain/loss from pooled separate accounts2017-12-31$8,184
Net investment gain or loss from common/collective trusts2017-12-31$198,180
Net gain/loss from 103.12 investment entities2017-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31Yes
Contributions received in cash from employer2017-12-31$153,800
Employer contributions (assets) at end of year2017-12-31$6,464
Employer contributions (assets) at beginning of year2017-12-31$5,256
Income. Dividends from preferred stock2017-12-31$0
Income. Dividends from common stock2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$146,721
Contract administrator fees2017-12-31$1,574
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$0
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
Aggregate proceeds on sale of assets2017-12-31$0
Aggregate carrying amount (costs) on sale of assets2017-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2017-12-31$0
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 name2017-12-31PKF, LLP
Accountancy firm EIN2017-12-31813391684
2016 : QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2016 401k financial data
Unrealized appreciation/depreciation of real estate assets2016-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$0
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Expenses. Interest paid2016-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-31$0
Total income from all sources (including contributions)2016-12-31$509,853
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$408,190
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$402,758
Expenses. Certain deemed distributions of participant loans2016-12-31$0
Value of total corrective distributions2016-12-31$4,234
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$371,516
Value of total assets at end of year2016-12-31$1,891,830
Value of total assets at beginning of year2016-12-31$1,790,167
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,198
Total income from rents2016-12-31$0
Total interest from all sources2016-12-31$3,401
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$5,566
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$5,566
Administrative expenses professional fees incurred2016-12-31$0
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$150,000
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
Amount of non-exempt transactions with any party-in-interest2016-12-31$0
Contributions received from participants2016-12-31$252,355
Participant contributions at end of year2016-12-31$63,176
Participant contributions at beginning of year2016-12-31$79,888
Participant contributions at end of year2016-12-31$10,696
Participant contributions at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$0
Other income not declared elsewhere2016-12-31$0
Administrative expenses (other) incurred2016-12-31$0
Liabilities. Value of operating payables at beginning of year2016-12-31$0
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Income. Non cash contributions2016-12-31$0
Value of net income/loss2016-12-31$101,663
Value of net assets at end of year (total assets less liabilities)2016-12-31$1,891,830
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$1,790,167
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2016-12-31$0
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2016-12-31$0
Investment advisory and management fees2016-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$492,592
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$489,972
Value of interest in pooled separate accounts at end of year2016-12-31$39,471
Value of interest in pooled separate accounts at beginning of year2016-12-31$17,893
Interest on participant loans2016-12-31$3,005
Income. Interest from loans (other than to participants)2016-12-31$0
Interest earned on other investments2016-12-31$396
Income. Interest from US Government securities2016-12-31$0
Income. Interest from corporate debt instruments2016-12-31$0
Value of interest in common/collective trusts at end of year2016-12-31$1,233,869
Value of interest in common/collective trusts at beginning of year2016-12-31$1,187,887
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$46,770
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$14,527
Expenses. Payments to insurance carriers foe the provision of benefits2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$48,928
Net investment gain/loss from pooled separate accounts2016-12-31$4,611
Net investment gain or loss from common/collective trusts2016-12-31$75,831
Net gain/loss from 103.12 investment entities2016-12-31$0
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 contributions2016-12-31Yes
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$119,161
Employer contributions (assets) at end of year2016-12-31$5,256
Employer contributions (assets) at beginning of year2016-12-31$0
Income. Dividends from preferred stock2016-12-31$0
Income. Dividends from common stock2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$402,758
Contract administrator fees2016-12-31$1,198
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$0
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
Aggregate proceeds on sale of assets2016-12-31$0
Aggregate carrying amount (costs) on sale of assets2016-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2016-12-31$0
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 name2016-12-31PKF, LLP
Accountancy firm EIN2016-12-31813391684

Form 5500 Responses for QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN

2020: QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: QUALITY INNOVATIVE SOLUTIONS INC 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered0
Insurance policy start date2019-01-01
Insurance policy end date2019-04-04
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered147
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
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
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number525136
Policy instance 2
Insurance contract or identification number525136
Number of Individuals Covered147
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered149
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $94
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
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 $94
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameEDWARD JONES INS AGENCY OF CALIFORN
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number525136
Policy instance 2
Insurance contract or identification number525136
Number of Individuals Covered149
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $91
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $91
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameEDWARD JONES INS AGENCY OF CALIFORN

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