VQ, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan TOMMY'S 401(K) RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2023 : TOMMY'S 401(K) RETIREMENT PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $3,710,834 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $828,016 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $760,553 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $2,549,528 |
| Value of total assets at end of year | 2023-12-31 | $8,692,463 |
| Value of total assets at beginning of year | 2023-12-31 | $5,809,645 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $67,463 |
| Total interest from all sources | 2023-12-31 | $17,216 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $80,439 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $80,439 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $1,655,024 |
| Participant contributions at end of year | 2023-12-31 | $45,907 |
| Participant contributions at beginning of year | 2023-12-31 | $38,413 |
| Participant contributions at beginning of year | 2023-12-31 | $84 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $211,371 |
| Other income not declared elsewhere | 2023-12-31 | $129 |
| Administrative expenses (other) incurred | 2023-12-31 | $8,946 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $2,882,818 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $8,692,463 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $5,809,645 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Investment advisory and management fees | 2023-12-31 | $8,946 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $6,156,024 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $4,075,382 |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $1,649,580 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $1,082,087 |
| Interest on participant loans | 2023-12-31 | $2,950 |
| Interest earned on other investments | 2023-12-31 | $14,266 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $840,952 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $613,625 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $882,274 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $181,248 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $683,133 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $54 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $760,553 |
| Contract administrator fees | 2023-12-31 | $49,571 |
| Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | DOEREN MAYHEW |
| Accountancy firm EIN | 2023-12-31 | 382492570 |
| 2022 : TOMMY'S 401(K) RETIREMENT PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total transfer of assets to this plan | 2022-12-31 | $3,519,404 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $2,880,102 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $589,861 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $542,401 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $3,463,678 |
| Value of total assets at end of year | 2022-12-31 | $5,809,645 |
| Value of total assets at beginning of year | 2022-12-31 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $47,460 |
| Total interest from all sources | 2022-12-31 | $11,077 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $53,866 |
| 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 | $53,866 |
| Administrative expenses professional fees incurred | 2022-12-31 | $10,632 |
| 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 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $1,558,578 |
| Participant contributions at end of year | 2022-12-31 | $38,413 |
| Participant contributions at end of year | 2022-12-31 | $84 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $1,204,069 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2022-12-31 | $2,544 |
| 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 | $2,290,241 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $5,809,645 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $0 |
| 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 | $4,075,382 |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $1,082,087 |
| Interest on participant loans | 2022-12-31 | $1,638 |
| Interest earned on other investments | 2022-12-31 | $9,439 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $613,625 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-529,417 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-119,102 |
| 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 | $701,031 |
| Employer contributions (assets) at end of year | 2022-12-31 | $54 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $539,857 |
| Contract administrator fees | 2022-12-31 | $36,828 |
| 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 | 2022-12-31 | Yes |
| 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 | BEENE GARTER, A DOEREN MAYHEW FIRM |
| Accountancy firm EIN | 2022-12-31 | 382492570 |
