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FIRST TEAM FOC 401(K) PLAN 401k Plan overview

Plan NameFIRST TEAM FOC 401(K) PLAN
Plan identification number 002

FIRST TEAM FOC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FIRST TEAM REAL ESTATE- ORANGE COUNTY has sponsored the creation of one or more 401k plans.

Company Name:FIRST TEAM REAL ESTATE- ORANGE COUNTY
Employer identification number (EIN):330311423
NAIC Classification:531210
NAIC Description:Offices of Real Estate Agents and Brokers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST TEAM FOC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01MERRY PISORS
0022016-10-01MERRY PISORS

Plan Statistics for FIRST TEAM FOC 401(K) PLAN

401k plan membership statisitcs for FIRST TEAM FOC 401(K) PLAN

Measure Date Value
2022: FIRST TEAM FOC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01389
Total number of active participants reported on line 7a of the Form 55002022-01-01246
Number of retired or separated participants receiving benefits2022-01-017
Number of other retired or separated participants entitled to future benefits2022-01-0194
Total of all active and inactive participants2022-01-01347
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01347
Number of participants with account balances2022-01-01316
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: FIRST TEAM FOC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01413
Total number of active participants reported on line 7a of the Form 55002021-01-01271
Number of retired or separated participants receiving benefits2021-01-017
Number of other retired or separated participants entitled to future benefits2021-01-01102
Total of all active and inactive participants2021-01-01380
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01380
Number of participants with account balances2021-01-01353
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: FIRST TEAM FOC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01384
Total number of active participants reported on line 7a of the Form 55002020-01-01316
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-0192
Total of all active and inactive participants2020-01-01409
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01409
Number of participants with account balances2020-01-01357
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: FIRST TEAM FOC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01419
Total number of active participants reported on line 7a of the Form 55002019-01-01287
Number of retired or separated participants receiving benefits2019-01-016
Number of other retired or separated participants entitled to future benefits2019-01-0185
Total of all active and inactive participants2019-01-01378
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01378
Number of participants with account balances2019-01-01329
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-017
2018: FIRST TEAM FOC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01428
Total number of active participants reported on line 7a of the Form 55002018-01-01328
Number of retired or separated participants receiving benefits2018-01-015
Number of other retired or separated participants entitled to future benefits2018-01-0183
Total of all active and inactive participants2018-01-01416
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01416
Number of participants with account balances2018-01-01339
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-019
2017: FIRST TEAM FOC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01437
Total number of active participants reported on line 7a of the Form 55002017-01-01331
Number of retired or separated participants receiving benefits2017-01-013
Number of other retired or separated participants entitled to future benefits2017-01-0182
Total of all active and inactive participants2017-01-01416
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01416
Number of participants with account balances2017-01-01335
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0130
2016: FIRST TEAM FOC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-10-01277
Total number of active participants reported on line 7a of the Form 55002016-10-01335
Number of retired or separated participants receiving benefits2016-10-010
Number of other retired or separated participants entitled to future benefits2016-10-01102
Total of all active and inactive participants2016-10-01437
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-10-010
Total participants2016-10-01437
Number of participants with account balances2016-10-01348
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-10-0139

Financial Data on FIRST TEAM FOC 401(K) PLAN

Measure Date Value
2022 : FIRST TEAM FOC 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-1,710,702
Total of all expenses incurred2022-12-31$2,551,114
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$2,471,905
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,169,382
Value of total assets at end of year2022-12-31$13,540,328
Value of total assets at beginning of year2022-12-31$17,802,144
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$79,209
Total interest from all sources2022-12-31$16,044
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$257,946
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$257,946
Administrative expenses professional fees incurred2022-12-31$13,250
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,166,014
Participant contributions at end of year2022-12-31$181,090
Participant contributions at beginning of year2022-12-31$145,240
Assets. Other investments not covered elsewhere at end of year2022-12-31$5,223
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$52,235
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$39
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$98
Other income not declared elsewhere2022-12-31$-11,860
Administrative expenses (other) incurred2022-12-31$42,774
Total non interest bearing cash at end of year2022-12-31$18,017
Total non interest bearing cash at beginning of year2022-12-31$27,506
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-4,261,816
Value of net assets at end of year (total assets less liabilities)2022-12-31$13,540,328
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$17,802,144
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$23,185
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$12,624,236
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$16,960,294
Interest on participant loans2022-12-31$7,507
Interest earned on other investments2022-12-31$8,537
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$711,723
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$616,771
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,142,214
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$3,368
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$2,471,905
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31REDWITZ, INC
Accountancy firm EIN2022-12-31330850406
2021 : FIRST TEAM FOC 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$3,294,735
Total of all expenses incurred2021-12-31$1,029,168
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$948,418
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,279,270
Value of total assets at end of year2021-12-31$17,802,144
Value of total assets at beginning of year2021-12-31$15,536,577
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$80,750
Total interest from all sources2021-12-31$14,419
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$267,093
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$267,093
Administrative expenses professional fees incurred2021-12-31$12,520
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,270,422
Participant contributions at end of year2021-12-31$145,240
Participant contributions at beginning of year2021-12-31$154,010
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$217
Assets. Other investments not covered elsewhere at end of year2021-12-31$52,235
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$48,122
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$8,848
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$98
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$233
Other income not declared elsewhere2021-12-31$60
Administrative expenses (other) incurred2021-12-31$45,720
Total non interest bearing cash at end of year2021-12-31$27,506
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$2,265,567
Value of net assets at end of year (total assets less liabilities)2021-12-31$17,802,144
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$15,536,577
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$22,510
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$16,960,294
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$14,415,364
Interest on participant loans2021-12-31$7,015
Interest earned on other investments2021-12-31$7,404
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$616,771
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$918,631
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,733,893
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$948,418
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31REDWITZ, INC
Accountancy firm EIN2021-12-31330850406
2020 : FIRST TEAM FOC 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$3,126,985
Total of all expenses incurred2020-12-31$1,598,861
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,518,715
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,152,476
Value of total assets at end of year2020-12-31$15,536,577
Value of total assets at beginning of year2020-12-31$14,008,453
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$80,146
Total interest from all sources2020-12-31$20,541
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$207,340
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$207,340
Administrative expenses professional fees incurred2020-12-31$10,480
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
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$1,044,274
Participant contributions at end of year2020-12-31$154,010
Participant contributions at beginning of year2020-12-31$155,080
Participant contributions at end of year2020-12-31$217
Assets. Other investments not covered elsewhere at end of year2020-12-31$48,122
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$54,562
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$108,202
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$233
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$180
Other income not declared elsewhere2020-12-31$-6,440
Administrative expenses (other) incurred2020-12-31$49,666
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$1,528,124
Value of net assets at end of year (total assets less liabilities)2020-12-31$15,536,577
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$14,008,453
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
Investment advisory and management fees2020-12-31$20,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$14,415,364
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$12,876,023
Interest on participant loans2020-12-31$9,287
Interest earned on other investments2020-12-31$11,254
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$918,631
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$922,608
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,753,068
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 contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,518,715
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31REDWITZ, INC.
Accountancy firm EIN2020-12-31330850406
2019 : FIRST TEAM FOC 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$3,579,230
Total of all expenses incurred2019-12-31$1,512,645
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,395,340
Expenses. Certain deemed distributions of participant loans2019-12-31$45,281
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,204,232
Value of total assets at end of year2019-12-31$14,008,453
Value of total assets at beginning of year2019-12-31$11,941,868
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$72,024
Total interest from all sources2019-12-31$23,864
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$257,098
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$257,098
Administrative expenses professional fees incurred2019-12-31$4,340
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
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
Contributions received from participants2019-12-31$984,501
Participant contributions at end of year2019-12-31$155,080
Participant contributions at beginning of year2019-12-31$265,070
Assets. Other investments not covered elsewhere at end of year2019-12-31$54,562
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$16,726
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$219,731
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$180
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$48
Other income not declared elsewhere2019-12-31$13,634
Administrative expenses (other) incurred2019-12-31$46,466
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$2,066,585
Value of net assets at end of year (total assets less liabilities)2019-12-31$14,008,453
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$11,941,868
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$21,218
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$12,876,023
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$10,318,481
Interest on participant loans2019-12-31$12,597
Interest earned on other investments2019-12-31$11,267
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$922,608
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$1,341,543
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$2,080,402
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 contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,395,340
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31WITHUMSMITH+BROWN, PC
Accountancy firm EIN2019-12-31222027092
2018 : FIRST TEAM FOC 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$496,572
Total of all expenses incurred2018-12-31$976,912
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$879,802
Expenses. Certain deemed distributions of participant loans2018-12-31$26,910
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,151,040
Value of total assets at end of year2018-12-31$11,941,868
Value of total assets at beginning of year2018-12-31$12,422,208
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$70,200
Total interest from all sources2018-12-31$22,296
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$244,735
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$244,735
Administrative expenses professional fees incurred2018-12-31$5,780
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
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
Contributions received from participants2018-12-31$1,076,142
Participant contributions at end of year2018-12-31$265,070
Participant contributions at beginning of year2018-12-31$193,325
Assets. Other investments not covered elsewhere at end of year2018-12-31$16,726
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$74,898
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$48
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$0
Other income not declared elsewhere2018-12-31$464
Administrative expenses (other) incurred2018-12-31$43,820
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-480,340
Value of net assets at end of year (total assets less liabilities)2018-12-31$11,941,868
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$12,422,208
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$20,600
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$10,318,481
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$10,903,683
Interest on participant loans2018-12-31$12,302
Income. Interest from loans (other than to participants)2018-12-31$9,994
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$1,341,543
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$1,325,200
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-921,963
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$879,802
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31KSJG, LLP
Accountancy firm EIN2018-12-31953322166
2017 : FIRST TEAM FOC 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$2,743,262
Total of all expenses incurred2017-12-31$1,229,557
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,098,274
Expenses. Certain deemed distributions of participant loans2017-12-31$46,771
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,026,040
Value of total assets at end of year2017-12-31$12,422,208
Value of total assets at beginning of year2017-12-31$10,908,503
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$84,512
Total interest from all sources2017-12-31$19,738
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$192,159
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$192,159
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
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
Contributions received from participants2017-12-31$1,019,640
Participant contributions at end of year2017-12-31$193,325
Participant contributions at beginning of year2017-12-31$180,196
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$6,400
Administrative expenses (other) incurred2017-12-31$64,512
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,513,705
Value of net assets at end of year (total assets less liabilities)2017-12-31$12,422,208
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$10,908,503
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$20,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$10,903,683
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$9,319,543
Interest on participant loans2017-12-31$7,815
Interest earned on other investments2017-12-31$11,923
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$1,325,200
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$1,408,764
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,505,325
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,098,274
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31KSJG, LLP
Accountancy firm EIN2017-12-31953322166
2016 : FIRST TEAM FOC 401(K) PLAN 2016 401k financial data
Total transfer of assets to this plan2016-12-31$10,651,138
Total income from all sources (including contributions)2016-12-31$317,775
Total of all expenses incurred2016-12-31$60,410
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$29,526
Expenses. Certain deemed distributions of participant loans2016-12-31$2,675
Value of total corrective distributions2016-12-31$22,692
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$249,845
Value of total assets at end of year2016-12-31$10,908,503
Value of total assets at beginning of year2016-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$5,517
Total interest from all sources2016-12-31$1,382
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$142,187
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$142,187
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$243,157
Participant contributions at end of year2016-12-31$180,196
Participant contributions at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$3,738
Other income not declared elsewhere2016-12-31$2,394
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$257,365
Value of net assets at end of year (total assets less liabilities)2016-12-31$10,908,503
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$9,319,543
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$0
Interest on participant loans2016-12-31$1,382
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$1,408,764
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$-78,033
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$2,950
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$29,526
Contract administrator fees2016-12-31$5,517
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
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

Form 5500 Responses for FIRST TEAM FOC 401(K) PLAN

2022: FIRST TEAM FOC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FIRST TEAM FOC 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FIRST TEAM FOC 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FIRST TEAM FOC 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FIRST TEAM FOC 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FIRST TEAM FOC 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FIRST TEAM FOC 401(K) PLAN 2016 form 5500 responses
2016-10-01Type of plan entitySingle employer plan
2016-10-01First time form 5500 has been submittedYes
2016-10-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-10-01Plan funding arrangement – InsuranceYes
2016-10-01Plan funding arrangement – TrustYes
2016-10-01Plan benefit arrangement – InsuranceYes
2016-10-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512722
Policy instance 1
Insurance contract or identification number512722
Number of Individuals Covered316
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512722
Policy instance 1
Insurance contract or identification number512722
Number of Individuals Covered353
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512722
Policy instance 1
Insurance contract or identification number512722
Number of Individuals Covered357
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512722
Policy instance 1
Insurance contract or identification number512722
Number of Individuals Covered329
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512722
Policy instance 1
Insurance contract or identification number512722
Number of Individuals Covered339
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
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
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number512722
Policy instance 2
Insurance contract or identification number512722
Number of Individuals Covered0
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512722
Policy instance 1
Insurance contract or identification number512722
Number of Individuals Covered335
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
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
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number512722
Policy instance 2
Insurance contract or identification number512722
Number of Individuals Covered335
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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