401k Plan data: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN plan

DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN
Plan identification number	001

DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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

DERIVE SYSTEMS, LLC has sponsored the creation of one or more 401k plans.

Company Name: DERIVE SYSTEMS, LLC

Employer identification number (EIN): 364778977

NAIC Classification: 335310

Additional information about DERIVE SYSTEMS, LLC

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 2017-06-05

Company Identification Number: 0802741365

Legal Registered Office Address: 4150 CHURCH ST STE 1024

SANFORD
United States of America (USA)
32771

More information about DERIVE SYSTEMS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 AMY BAGWELL
001 2016-01-01 AMY BAGWELL 2017-10-16
001 2015-01-01 AMY BAGWELL 2016-10-14
001 2014-01-01 MELINDA SCHMIDTGAL 2015-08-06
001 2013-04-01 MELINDA SCHMIDTGAL 2014-06-09

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01	AMY BAGWELL
001	2016-01-01	AMY BAGWELL	2017-10-16
001	2015-01-01	AMY BAGWELL	2016-10-14
001	2014-01-01	MELINDA SCHMIDTGAL	2015-08-06
001	2013-04-01	MELINDA SCHMIDTGAL	2014-06-09

Plan Statistics for DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN

Measure Date Value
2021: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 212
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 90
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 73
Total of all active and inactive participants 2021-01-01 163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 163
Number of participants with account balances 2021-01-01 163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 227
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 143
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 69
Total of all active and inactive participants 2020-01-01 212
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 212
Number of participants with account balances 2020-01-01 172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 212
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 167
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 59
Total of all active and inactive participants 2019-01-01 226
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 226
Number of participants with account balances 2019-01-01 172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 1
2018: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 211
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 165
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 47
Total of all active and inactive participants 2018-01-01 212
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 212
Number of participants with account balances 2018-01-01 155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 4
2017: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 178
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 166
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 45
Total of all active and inactive participants 2017-01-01 211
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 211
Number of participants with account balances 2017-01-01 147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 4

Measure	Date	Value
2021: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	212
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	90
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	73
Total of all active and inactive participants	2021-01-01	163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	163
Number of participants with account balances	2021-01-01	163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	227
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	143
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	69
Total of all active and inactive participants	2020-01-01	212
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	212
Number of participants with account balances	2020-01-01	172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	212
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	167
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	59
Total of all active and inactive participants	2019-01-01	226
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	226
Number of participants with account balances	2019-01-01	172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	1
2018: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	211
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	165
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	47
Total of all active and inactive participants	2018-01-01	212
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	212
Number of participants with account balances	2018-01-01	155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	4
2017: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	178
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	166
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	45
Total of all active and inactive participants	2017-01-01	211
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	211
Number of participants with account balances	2017-01-01	147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	4

Financial Data on DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2021 : DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$2,489,186
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$810,290
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$768,530
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,257,640
Value of total assets at end of year	2021-12-31	$9,120,517
Value of total assets at beginning of year	2021-12-31	$7,441,621
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$41,760
Total interest from all sources	2021-12-31	$7,723
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$401,372
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	$401,372
Administrative expenses professional fees incurred	2021-12-31	$9,750
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$738,243
Participant contributions at end of year	2021-12-31	$337,053
Participant contributions at beginning of year	2021-12-31	$112,615
Participant contributions at end of year	2021-12-31	$57
Participant contributions at beginning of year	2021-12-31	$1,535
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$166,456
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	$1,678,896
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$9,120,517
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$7,441,621
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
Investment advisory and management fees	2021-12-31	$26,544
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$8,783,315
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$7,327,379
Interest on participant loans	2021-12-31	$7,723
Value of interest in common/collective trusts at end of year	2021-12-31	$0
Value of interest in common/collective trusts at beginning of year	2021-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$822,451
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2021-12-31	Yes
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	$352,941
Employer contributions (assets) at end of year	2021-12-31	$92
Employer contributions (assets) at beginning of year	2021-12-31	$92
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$768,530
Contract administrator fees	2021-12-31	$5,466
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	VESTAL & WILER, CPAS, P.A.
Accountancy firm EIN	2021-12-31	593198021
2020 : DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$2,164,394
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$715,363
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$699,958
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,022,726
Value of total assets at end of year	2020-12-31	$7,441,621
Value of total assets at beginning of year	2020-12-31	$5,992,590
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$15,405
Total interest from all sources	2020-12-31	$6,118
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$237,927
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	$237,927
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$672,039
Participant contributions at end of year	2020-12-31	$112,615
Participant contributions at beginning of year	2020-12-31	$132,456
Participant contributions at end of year	2020-12-31	$1,535
Participant contributions at beginning of year	2020-12-31	$3,525
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	$1,449,031
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$7,441,621
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$5,992,590
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
Investment advisory and management fees	2020-12-31	$10,345
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$7,327,379
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$5,804,831
Interest on participant loans	2020-12-31	$6,118
Value of interest in common/collective trusts at end of year	2020-12-31	$0
Value of interest in common/collective trusts at beginning of year	2020-12-31	$51,778
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$897,317
Net investment gain or loss from common/collective trusts	2020-12-31	$306
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2020-12-31	Yes
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	$350,687
Employer contributions (assets) at end of year	2020-12-31	$92
Employer contributions (assets) at beginning of year	2020-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$699,958
Contract administrator fees	2020-12-31	$5,060
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	Unqualified
Accountancy firm name	2020-12-31	VESTAL & WILER, CPAS, P.A.
Accountancy firm EIN	2020-12-31	593198021
2019 : DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$2,106,010
Total income from all sources (including contributions)	2019-12-31	$2,106,010
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$354,832
Total of all expenses incurred	2019-12-31	$354,832
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$341,682
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$341,682
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,109,411
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,109,411
Value of total assets at end of year	2019-12-31	$5,992,590
Value of total assets at end of year	2019-12-31	$5,992,590
Value of total assets at beginning of year	2019-12-31	$4,241,412
Value of total assets at beginning of year	2019-12-31	$4,241,412
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$13,150
Total interest from all sources	2019-12-31	$8,340
Total interest from all sources	2019-12-31	$8,340
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$224,610
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$224,610
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
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	$224,610
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$224,610
Administrative expenses professional fees incurred	2019-12-31	$9,750
Administrative expenses professional fees incurred	2019-12-31	$9,750
Was this plan covered by a fidelity bond	2019-12-31	Yes
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$1,000,000
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	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$730,172
Participant contributions at end of year	2019-12-31	$132,456
Participant contributions at beginning of year	2019-12-31	$164,649
Participant contributions at beginning of year	2019-12-31	$164,649
Participant contributions at end of year	2019-12-31	$3,525
Participant contributions at end of year	2019-12-31	$3,525
Participant contributions at beginning of year	2019-12-31	$2,897
Participant contributions at beginning of year	2019-12-31	$2,897
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$8,116
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$8,116
Other income not declared elsewhere	2019-12-31	$1,345
Other income not declared elsewhere	2019-12-31	$1,345
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
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	$1,751,178
Value of net income/loss	2019-12-31	$1,751,178
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$5,992,590
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$5,992,590
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$4,241,412
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$4,241,412
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
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 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
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	$5,804,831
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$5,804,831
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$4,052,903
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$4,052,903
Interest on participant loans	2019-12-31	$8,340
Interest on participant loans	2019-12-31	$8,340
Value of interest in common/collective trusts at end of year	2019-12-31	$51,778
Value of interest in common/collective trusts at end of year	2019-12-31	$51,778
Value of interest in common/collective trusts at beginning of year	2019-12-31	$20,963
Value of interest in common/collective trusts at beginning of year	2019-12-31	$20,963
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$761,636
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$761,636
Net investment gain or loss from common/collective trusts	2019-12-31	$668
Net investment gain or loss from common/collective trusts	2019-12-31	$668
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	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
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	$371,123
Contributions received in cash from employer	2019-12-31	$371,123
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$341,682
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$341,682
Contract administrator fees	2019-12-31	$3,400
Contract administrator fees	2019-12-31	$3,400
Did the plan have assets held for investment	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
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
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
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	VESTAL & WILER, CPAS, P.A.
Accountancy firm name	2019-12-31	VESTAL & WILER, CPAS, P.A.
Accountancy firm EIN	2019-12-31	593198021
Accountancy firm EIN	2019-12-31	593198021
2018 : DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total income from all sources (including contributions)	2018-12-31	$890,743
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$546,764
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$524,126
Expenses. Certain deemed distributions of participant loans	2018-12-31	$7,088
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$1,142,747
Value of total assets at end of year	2018-12-31	$4,241,412
Value of total assets at beginning of year	2018-12-31	$3,897,433
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$15,550
Total interest from all sources	2018-12-31	$5,623
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$177,014
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	$177,014
Administrative expenses professional fees incurred	2018-12-31	$9,750
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$400,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$678,086
Participant contributions at end of year	2018-12-31	$164,649
Participant contributions at beginning of year	2018-12-31	$102,359
Participant contributions at end of year	2018-12-31	$2,897
Participant contributions at beginning of year	2018-12-31	$27,299
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$96,486
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	$343,979
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$4,241,412
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$3,897,433
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	$4,052,903
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$3,751,417
Interest on participant loans	2018-12-31	$5,623
Value of interest in common/collective trusts at end of year	2018-12-31	$20,963
Value of interest in common/collective trusts at beginning of year	2018-12-31	$14,488
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-435,018
Net investment gain or loss from common/collective trusts	2018-12-31	$377
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	Yes
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	$368,175
Employer contributions (assets) at end of year	2018-12-31	$0
Employer contributions (assets) at beginning of year	2018-12-31	$1,870
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$524,126
Contract administrator fees	2018-12-31	$5,800
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	VESTAL & WILER, CPAS, P.A.
Accountancy firm EIN	2018-12-31	593198021
2017 : DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$1,558,073
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$300,230
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$298,930
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$1,006,607
Value of total assets at end of year	2017-12-31	$3,897,433
Value of total assets at beginning of year	2017-12-31	$2,639,590
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$1,300
Total interest from all sources	2017-12-31	$3,560
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$95,684
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	$95,684
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$400,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$594,345
Participant contributions at end of year	2017-12-31	$102,359
Participant contributions at beginning of year	2017-12-31	$77,409
Participant contributions at end of year	2017-12-31	$27,299
Participant contributions at beginning of year	2017-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$67,967
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	$1,257,843
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$3,897,433
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$2,639,590
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	$3,751,417
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$2,559,575
Interest on participant loans	2017-12-31	$3,560
Value of interest in common/collective trusts at end of year	2017-12-31	$14,488
Value of interest in common/collective trusts at beginning of year	2017-12-31	$2,606
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$452,120
Net investment gain or loss from common/collective trusts	2017-12-31	$102
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	Yes
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	$344,295
Employer contributions (assets) at end of year	2017-12-31	$1,870
Employer contributions (assets) at beginning of year	2017-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$298,930
Contract administrator fees	2017-12-31	$1,300
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	VESTAL & WILER, CPAS, P.A.
Accountancy firm EIN	2017-12-31	593198021

Form 5500 Responses for DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN

2021: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: DERIVE POWER, LLC 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	DERIVE SYSTEMS, LLC
Employer identification number (EIN):	364778977
NAIC Classification:	335310

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	2017-06-05
Company Identification Number:	0802741365
Legal Registered Office Address:	4150 CHURCH ST STE 1024 SANFORD United States of America (USA) 32771