COMPUTER INTEGRATION TECHNOLOGIES, INC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan CIT, INC. 401K PLAN
| Measure | Date | Value |
|---|
| 2023 : CIT, INC. 401K 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 | $3,790,532 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $343,864 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $300,768 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $1,736,359 |
| Value of total assets at end of year | 2023-12-31 | $14,851,275 |
| Value of total assets at beginning of year | 2023-12-31 | $11,404,607 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $43,096 |
| Total interest from all sources | 2023-12-31 | $5,260 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $48,117 |
| 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 | $48,117 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $500,000 |
| 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 | $976,818 |
| Participant contributions at end of year | 2023-12-31 | $63,804 |
| Participant contributions at beginning of year | 2023-12-31 | $12,284 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $314,476 |
| 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 | $3,446,668 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $14,851,275 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $11,404,607 |
| 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 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $2,936,223 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $1,801,351 |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $235,195 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $138,844 |
| Interest on participant loans | 2023-12-31 | $4,671 |
| Interest earned on other investments | 2023-12-31 | $589 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $11,596,965 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $9,434,435 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $19,088 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $17,693 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $371,577 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $27,770 |
| Net investment gain or loss from common/collective trusts | 2023-12-31 | $1,601,449 |
| 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 | Yes |
| 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 | $445,065 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $300,768 |
| Contract administrator fees | 2023-12-31 | $43,096 |
| 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 | BERGANKDV, LTD |
| Accountancy firm EIN | 2023-12-31 | 411431613 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total income from all sources (including contributions) | 2023-01-01 | $3,790,532 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $343,864 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $300,768 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $1,736,359 |
| Value of total assets at end of year | 2023-01-01 | $14,851,275 |
| Value of total assets at beginning of year | 2023-01-01 | $11,404,607 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $43,096 |
| Total interest from all sources | 2023-01-01 | $5,260 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $48,117 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $48,117 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $976,818 |
| Participant contributions at end of year | 2023-01-01 | $63,804 |
| Participant contributions at beginning of year | 2023-01-01 | $12,284 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $314,476 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $3,446,668 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $14,851,275 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $11,404,607 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $2,936,223 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $1,801,351 |
| Value of interest in pooled separate accounts at end of year | 2023-01-01 | $235,195 |
| Value of interest in pooled separate accounts at beginning of year | 2023-01-01 | $138,844 |
| Interest on participant loans | 2023-01-01 | $4,671 |
| Interest earned on other investments | 2023-01-01 | $589 |
| Value of interest in common/collective trusts at end of year | 2023-01-01 | $11,596,965 |
| Value of interest in common/collective trusts at beginning of year | 2023-01-01 | $9,434,435 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $19,088 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $17,693 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $371,577 |
| Net investment gain/loss from pooled separate accounts | 2023-01-01 | $27,770 |
| Net investment gain or loss from common/collective trusts | 2023-01-01 | $1,601,449 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $445,065 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $300,768 |
| Contract administrator fees | 2023-01-01 | $43,096 |
| Did the plan have assets held for investment | 2023-01-01 | 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 | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | BERGANKDV, LTD |
| Accountancy firm EIN | 2023-01-01 | 411431613 |
| 2022 : CIT, INC. 401K 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 | $2,184 |
| 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 | $-1,512,808 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $804,855 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $787,863 |
| Value of total corrective distributions | 2022-12-31 | $16,004 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,024,307 |
| Value of total assets at end of year | 2022-12-31 | $11,404,607 |
| Value of total assets at beginning of year | 2022-12-31 | $13,720,086 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $988 |
| Total interest from all sources | 2022-12-31 | $2,347 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $12,592 |
| 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 | $12,592 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $785,162 |
| Participant contributions at end of year | 2022-12-31 | $12,284 |
| Participant contributions at beginning of year | 2022-12-31 | $43,376 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $48,054 |
| Other income not declared elsewhere | 2022-12-31 | $-1,127 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $4,023 |
| 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 | $-2,317,663 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $11,404,607 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $13,720,086 |
| 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 | $1,801,351 |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $138,844 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $13,672,687 |
| Interest on participant loans | 2022-12-31 | $2,311 |
| Interest earned on other investments | 2022-12-31 | $36 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $9,434,435 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $17,693 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-59,837 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-2,728,233 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $237,143 |
| 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 | Yes |
| 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 | $191,091 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $787,863 |
| Contract administrator fees | 2022-12-31 | $988 |
| 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 | BERGANKDV, LTD |
| Accountancy firm EIN | 2022-12-31 | 411431613 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total transfer of assets to this plan | 2022-01-01 | $2,184 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $-1,512,808 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $804,855 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $787,863 |
| Value of total corrective distributions | 2022-01-01 | $16,004 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $1,024,307 |
| Value of total assets at end of year | 2022-01-01 | $11,404,607 |
| Value of total assets at beginning of year | 2022-01-01 | $13,720,086 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $988 |
| Total interest from all sources | 2022-01-01 | $2,347 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $12,592 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $12,592 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $785,162 |
| Participant contributions at end of year | 2022-01-01 | $12,284 |
| Participant contributions at beginning of year | 2022-01-01 | $43,376 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $48,054 |
| Other income not declared elsewhere | 2022-01-01 | $-1,127 |
| Total non interest bearing cash at beginning of year | 2022-01-01 | $4,023 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-2,317,663 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $11,404,607 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $13,720,086 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $1,801,351 |
| Value of interest in pooled separate accounts at end of year | 2022-01-01 | $138,844 |
| Value of interest in pooled separate accounts at beginning of year | 2022-01-01 | $13,672,687 |
| Interest on participant loans | 2022-01-01 | $2,311 |
| Interest earned on other investments | 2022-01-01 | $36 |
| Value of interest in common/collective trusts at end of year | 2022-01-01 | $9,434,435 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-01-01 | $17,693 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-59,837 |
| Net investment gain/loss from pooled separate accounts | 2022-01-01 | $-2,728,233 |
| Net investment gain or loss from common/collective trusts | 2022-01-01 | $237,143 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $191,091 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $787,863 |
| Contract administrator fees | 2022-01-01 | $988 |
| Did the plan have assets held for investment | 2022-01-01 | 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 | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | BERGANKDV, LTD |
| Accountancy firm EIN | 2022-01-01 | 411431613 |
| 2021 : CIT, INC. 401K 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 | $2,489,101 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $347,111 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $340,701 |
| Value of total corrective distributions | 2021-12-31 | $5,486 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $865,186 |
| Value of total assets at end of year | 2021-12-31 | $13,727,400 |
| Value of total assets at beginning of year | 2021-12-31 | $11,585,410 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $924 |
| Total interest from all sources | 2021-12-31 | $4,076 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Administrative expenses professional fees incurred | 2021-12-31 | $924 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $500,000 |
| 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 | $674,053 |
| Participant contributions at end of year | 2021-12-31 | $43,376 |
| Participant contributions at beginning of year | 2021-12-31 | $70,546 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $24,028 |
| Total non interest bearing cash at end of year | 2021-12-31 | $4,023 |
| Total non interest bearing cash at beginning of year | 2021-12-31 | $10,745 |
| 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 | $2,141,990 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $13,727,400 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $11,585,410 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $13,672,687 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $11,504,119 |
| Value of interest in pooled separate accounts at end of year | 2021-12-31 | $13,672,687 |
| Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2021-12-31 | $4,076 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $1,619,839 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $167,105 |
| Employer contributions (assets) at end of year | 2021-12-31 | $7,314 |
| Employer contributions (assets) at beginning of year | 2021-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $340,701 |
| 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 | BERGANKDV, LTD |
| Accountancy firm EIN | 2021-12-31 | 411431613 |
| 2020 : CIT, INC. 401K 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 | $2,301,887 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $1,127,924 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,109,419 |
| Value of total corrective distributions | 2020-12-31 | $16,263 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $732,227 |
| Value of total assets at end of year | 2020-12-31 | $11,585,410 |
| Value of total assets at beginning of year | 2020-12-31 | $10,411,447 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $2,242 |
| Total interest from all sources | 2020-12-31 | $1,569,660 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Administrative expenses professional fees incurred | 2020-12-31 | $2,242 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $500,000 |
| 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 | $570,639 |
| Participant contributions at end of year | 2020-12-31 | $70,546 |
| Participant contributions at beginning of year | 2020-12-31 | $67,342 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $13,987 |
| Total non interest bearing cash at end of year | 2020-12-31 | $10,745 |
| Total non interest bearing cash at beginning of year | 2020-12-31 | $9,195 |
| 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 | $1,173,963 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $11,585,410 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $10,411,447 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $11,504,119 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $10,334,910 |
| Interest on participant loans | 2020-12-31 | $5,076 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $1,564,584 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $147,601 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $1,109,419 |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | SIMMA FLOTTEMESCH & ORENSTEIN, LTD |
| Accountancy firm EIN | 2020-12-31 | 391372509 |
