401k Plan data: GRAMEEN AMERICA, INC 401(K) PLAN plan

GRAMEEN AMERICA, INC 401(K) PLAN 401k Plan overview

Plan Name	GRAMEEN AMERICA, INC 401(K) PLAN
Plan identification number	001

GRAMEEN AMERICA, INC 401(K) 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

GRAMEEN AMERICA, INC. has sponsored the creation of one or more 401k plans.

Company Name: GRAMEEN AMERICA, INC.

Employer identification number (EIN): 208497991

NAIC Classification: 523900

Additional information about GRAMEEN AMERICA, INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 2013-10-25

Company Identification Number: 0801873084

Legal Registered Office Address: 8211 37TH AVE STE 607

JACKSON HTS
United States of America (USA)
11372

More information about GRAMEEN AMERICA, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GRAMEEN AMERICA, INC 401(K) 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 MIRIAM BENITEZ
001 2016-01-01 MIRIAM BENITEZ
001 2015-01-01 SHIRIN TEYSSIER
001 2014-01-01 MARY MAJEWSKI 2015-10-09

Plan Statistics for GRAMEEN AMERICA, INC 401(K) PLAN

401k plan membership statisitcs for GRAMEEN AMERICA, INC 401(K) PLAN

Measure Date Value
2022: GRAMEEN AMERICA, INC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 323
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 238
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 170
Total of all active and inactive participants 2022-01-01 408
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 408
Number of participants with account balances 2022-01-01 393
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 17
2021: GRAMEEN AMERICA, INC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 284
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 195
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 128
Total of all active and inactive participants 2021-01-01 323
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 323
Number of participants with account balances 2021-01-01 309
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 9
2020: GRAMEEN AMERICA, INC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 253
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 166
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 118
Total of all active and inactive participants 2020-01-01 284
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 284
Number of participants with account balances 2020-01-01 272
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 5
2019: GRAMEEN AMERICA, INC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 211
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 159
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 94
Total of all active and inactive participants 2019-01-01 253
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 253
Number of participants with account balances 2019-01-01 229
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 7
2018: GRAMEEN AMERICA, INC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 216
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 130
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 81
Total of all active and inactive participants 2018-01-01 211
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 211
Number of participants with account balances 2018-01-01 205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 15
2017: GRAMEEN AMERICA, INC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 199
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 145
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 71
Total of all active and inactive participants 2017-01-01 216
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 216
Number of participants with account balances 2017-01-01 208
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 20
2016: GRAMEEN AMERICA, INC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 194
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 147
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 52
Total of all active and inactive participants 2016-01-01 199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 199
Number of participants with account balances 2016-01-01 186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 19
2015: GRAMEEN AMERICA, INC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 129
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 159
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 35
Total of all active and inactive participants 2015-01-01 194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 194
Number of participants with account balances 2015-01-01 159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 25

Measure	Date	Value
2022: GRAMEEN AMERICA, INC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	323
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	238
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	170
Total of all active and inactive participants	2022-01-01	408
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	408
Number of participants with account balances	2022-01-01	393
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	17
2021: GRAMEEN AMERICA, INC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	284
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	195
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	128
Total of all active and inactive participants	2021-01-01	323
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	323
Number of participants with account balances	2021-01-01	309
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	9
2020: GRAMEEN AMERICA, INC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	253
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	166
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	118
Total of all active and inactive participants	2020-01-01	284
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	284
Number of participants with account balances	2020-01-01	272
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	5
2019: GRAMEEN AMERICA, INC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	211
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	159
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	94
Total of all active and inactive participants	2019-01-01	253
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	253
Number of participants with account balances	2019-01-01	229
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	7
2018: GRAMEEN AMERICA, INC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	216
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	130
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	81
Total of all active and inactive participants	2018-01-01	211
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	211
Number of participants with account balances	2018-01-01	205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	15
2017: GRAMEEN AMERICA, INC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	199
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	145
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	71
Total of all active and inactive participants	2017-01-01	216
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	216
Number of participants with account balances	2017-01-01	208
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	20
2016: GRAMEEN AMERICA, INC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	194
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	147
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	52
Total of all active and inactive participants	2016-01-01	199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	199
Number of participants with account balances	2016-01-01	186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	19
2015: GRAMEEN AMERICA, INC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	129
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	159
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	35
Total of all active and inactive participants	2015-01-01	194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	194
Number of participants with account balances	2015-01-01	159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	25

Financial Data on GRAMEEN AMERICA, INC 401(K) PLAN

Measure	Date	Value
2022 : GRAMEEN AMERICA, INC 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$369,659
Total of all expenses incurred	2022-12-31	$204,943
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$191,685
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$895,274
Value of total assets at end of year	2022-12-31	$3,626,532
Value of total assets at beginning of year	2022-12-31	$3,461,816
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$13,258
Total interest from all sources	2022-12-31	$6,162
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$78,856
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$78,856
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$614,397
Participant contributions at end of year	2022-12-31	$150,571
Participant contributions at beginning of year	2022-12-31	$145,230
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$20,865
Administrative expenses (other) incurred	2022-12-31	$13,258
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$164,716
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$3,626,532
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$3,461,816
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$3,455,408
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$3,316,586
Interest on participant loans	2022-12-31	$6,162
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-610,633
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$260,012
Employer contributions (assets) at end of year	2022-12-31	$20,553
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$191,685
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	GELMAN ROSENBERG & FREEDMAN
Accountancy firm EIN	2022-12-31	521392008
2021 : GRAMEEN AMERICA, INC 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$989,985
Total of all expenses incurred	2021-12-31	$397,336
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$387,856
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$605,512
Value of total assets at end of year	2021-12-31	$3,461,816
Value of total assets at beginning of year	2021-12-31	$2,869,167
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$9,480
Total interest from all sources	2021-12-31	$4,208
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$333,735
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$333,735
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$478,154
Participant contributions at end of year	2021-12-31	$145,230
Participant contributions at beginning of year	2021-12-31	$93,323
Administrative expenses (other) incurred	2021-12-31	$9,480
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$592,649
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$3,461,816
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$2,869,167
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$3,316,586
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$2,775,844
Interest on participant loans	2021-12-31	$4,208
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$46,530
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$127,358
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$387,856
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	GELMAN ROSENBERG & FREEDMAN
Accountancy firm EIN	2021-12-31	521392008
2020 : GRAMEEN AMERICA, INC 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)	2020-12-31	$855,876
Total of all expenses incurred	2020-12-31	$138,899
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$136,033
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$495,746
Value of total assets at end of year	2020-12-31	$2,869,167
Value of total assets at beginning of year	2020-12-31	$2,152,190
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$2,866
Total interest from all sources	2020-12-31	$2,948
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$63,131
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$63,131
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$356,765
Participant contributions at end of year	2020-12-31	$93,323
Participant contributions at beginning of year	2020-12-31	$60,839
Administrative expenses (other) incurred	2020-12-31	$2,866
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$716,977
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$2,869,167
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$2,152,190
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$2,775,844
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$2,091,351
Interest on participant loans	2020-12-31	$2,948
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$294,051
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$138,981
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$136,033
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	GELMAN ROSENBERG & FREEDMAN
Accountancy firm EIN	2020-12-31	521392008
2019 : GRAMEEN AMERICA, INC 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)	2019-12-31	$841,775
Total of all expenses incurred	2019-12-31	$227,492
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$219,042
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$500,391
Value of total assets at end of year	2019-12-31	$2,152,190
Value of total assets at beginning of year	2019-12-31	$1,537,907
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$8,450
Total interest from all sources	2019-12-31	$1,572
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$42,018
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$42,018
Administrative expenses professional fees incurred	2019-12-31	$2,225
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$350,804
Participant contributions at end of year	2019-12-31	$60,839
Participant contributions at beginning of year	2019-12-31	$24,348
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$21,356
Administrative expenses (other) incurred	2019-12-31	$6,225
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$614,283
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$2,152,190
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$1,537,907
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$2,091,351
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$1,468,138
Interest on participant loans	2019-12-31	$1,572
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$45,131
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$45,131
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$297,794
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2019-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$128,231
Employer contributions (assets) at beginning of year	2019-12-31	$290
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$219,042
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	GELMAN ROSENBERG & FREEDMAN
Accountancy firm EIN	2019-12-31	521392008
2018 : GRAMEEN AMERICA, INC 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)	2018-12-31	$361,292
Total of all expenses incurred	2018-12-31	$107,835
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$103,853
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$473,929
Value of total assets at end of year	2018-12-31	$1,537,907
Value of total assets at beginning of year	2018-12-31	$1,284,450
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$3,982
Total interest from all sources	2018-12-31	$1,606
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$38,429
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$38,429
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$290,194
Participant contributions at end of year	2018-12-31	$24,348
Participant contributions at beginning of year	2018-12-31	$29,117
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$59,463
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$253,457
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$1,537,907
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$1,284,450
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$1,468,138
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$1,237,446
Interest on participant loans	2018-12-31	$1,238
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2018-12-31	$45,131
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2018-12-31	$17,887
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2018-12-31	$17,887
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$368
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-152,672
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$124,272
Employer contributions (assets) at end of year	2018-12-31	$290
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$103,853
Contract administrator fees	2018-12-31	$3,982
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	GELMAN ROSENBERG & FREEDMAN
Accountancy firm EIN	2018-12-31	521392008
2017 : GRAMEEN AMERICA, INC 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)	2017-12-31	$572,862
Total of all expenses incurred	2017-12-31	$24,492
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$15,880
Value of total corrective distributions	2017-12-31	$5,098
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$404,045
Value of total assets at end of year	2017-12-31	$1,284,450
Value of total assets at beginning of year	2017-12-31	$736,080
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$3,514
Total interest from all sources	2017-12-31	$953
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$24,046
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$24,046
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$275,481
Participant contributions at end of year	2017-12-31	$29,117
Participant contributions at beginning of year	2017-12-31	$7,944
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$4,783
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$548,370
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$1,284,450
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$736,080
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$1,237,446
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$716,367
Interest on participant loans	2017-12-31	$712
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$17,887
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2017-12-31	$11,769
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2017-12-31	$11,769
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$241
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$143,818
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$123,781
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$15,880
Contract administrator fees	2017-12-31	$3,514
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	GELMAN ROSENBERG & FREEDMAN
Accountancy firm EIN	2017-12-31	521392008
2016 : GRAMEEN AMERICA, INC 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)	2016-12-31	$388,306
Total of all expenses incurred	2016-12-31	$28,250
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$20,421
Value of total corrective distributions	2016-12-31	$833
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$340,151
Value of total assets at end of year	2016-12-31	$736,080
Value of total assets at beginning of year	2016-12-31	$376,024
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$6,996
Total interest from all sources	2016-12-31	$75
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$15,459
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$15,459
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$235,161
Participant contributions at end of year	2016-12-31	$7,944
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$360,056
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$736,080
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$376,024
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$716,367
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$370,333
Interest on participant loans	2016-12-31	$27
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2016-12-31	$11,769
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2016-12-31	$5,691
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2016-12-31	$5,691
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$48
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$32,621
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$104,990
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$20,421
Contract administrator fees	2016-12-31	$6,996
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	GELMAN ROSENBERG & FREEDMAN
Accountancy firm EIN	2016-12-31	521392008
2015 : GRAMEEN AMERICA, INC 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)	2015-12-31	$272,185
Total of all expenses incurred	2015-12-31	$42,413
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$26,070
Value of total corrective distributions	2015-12-31	$13,456
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$280,409
Value of total assets at end of year	2015-12-31	$376,024
Value of total assets at beginning of year	2015-12-31	$146,252
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$2,887
Total interest from all sources	2015-12-31	$2
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$11,214
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$11,214
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$100,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$198,186
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$229,772
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$376,024
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$146,252
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$370,333
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$146,252
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2015-12-31	$5,691
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$2
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-19,440
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$82,223
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$26,070
Contract administrator fees	2015-12-31	$2,887
Did the plan have assets held for investment	2015-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	GELMAN ROSENBERG & FREEDMAN
Accountancy firm EIN	2015-12-31	521392008

Form 5500 Responses for GRAMEEN AMERICA, INC 401(K) PLAN

2022: GRAMEEN AMERICA, INC 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: GRAMEEN AMERICA, INC 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: GRAMEEN AMERICA, INC 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: GRAMEEN AMERICA, INC 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: GRAMEEN AMERICA, INC 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: GRAMEEN AMERICA, INC 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: GRAMEEN AMERICA, INC 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: GRAMEEN AMERICA, INC 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )

Policy contract number

800675

Policy instance

Insurance contract or identification number	800675
Number of Individuals Covered	0
Insurance policy start date	2015-01-01
Insurance policy end date	2015-06-15
Total amount of commissions paid to insurance broker	USD $236
Total amount of fees paid to insurance company	USD $578
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
Amount paid for insurance broker fees	578
Additional information about fees paid to insurance broker	TPA FEE
Insurance broker organization code?	3
Commission paid to Insurance Broker	USD $236
Insurance broker name	MML INSURANCE AGENCY, LLC

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Company Name:	GRAMEEN AMERICA, INC.
Employer identification number (EIN):	208497991
NAIC Classification:	523900

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	2013-10-25
Company Identification Number:	0801873084
Legal Registered Office Address:	8211 37TH AVE STE 607 JACKSON HTS United States of America (USA) 11372