401k Plan data: FI360, INC. 401(K) PLAN plan

FI360, INC. 401(K) PLAN 401k Plan overview

Plan Name	FI360, INC. 401(K) PLAN
Plan identification number	001

FI360, INC. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FI360, INC. has sponsored the creation of one or more 401k plans.

Company Name: FI360, INC.

Employer identification number (EIN): 453596814

NAIC Classification: 523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FI360, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01
001 2019-01-01 JOHN FAUSTINO 2020-10-12
001 2018-01-01 WILLIAM MUELLER 2019-06-07
001 2017-01-01 WILLIAM MUELLER 2018-06-14
001 2016-01-01 WILLIAM MUELLER 2017-06-06
001 2015-01-01 WILLIAM MUELLER 2016-06-22
001 2014-01-01 WILLIAM MUELLER 2015-07-13
001 2013-01-01 WILLIAM MUELLER 2014-07-31
001 2012-01-01 JUDY STORMER 2013-07-18
001 2011-01-01 JUDY STORMER 2012-07-20

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2020-01-01
001	2019-01-01	JOHN FAUSTINO	2020-10-12
001	2018-01-01	WILLIAM MUELLER	2019-06-07
001	2017-01-01	WILLIAM MUELLER	2018-06-14
001	2016-01-01	WILLIAM MUELLER	2017-06-06
001	2015-01-01	WILLIAM MUELLER	2016-06-22
001	2014-01-01	WILLIAM MUELLER	2015-07-13
001	2013-01-01	WILLIAM MUELLER	2014-07-31
001	2012-01-01	JUDY STORMER	2013-07-18
001	2011-01-01	JUDY STORMER	2012-07-20

Plan Statistics for FI360, INC. 401(K) PLAN

401k plan membership statisitcs for FI360, INC. 401(K) PLAN

Measure Date Value
2020: FI360, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 118
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 0
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 0
Total of all active and inactive participants 2020-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 0
Number of participants with account balances 2020-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: FI360, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 121
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 85
Number of retired or separated participants receiving benefits 2019-01-01 3
Number of other retired or separated participants entitled to future benefits 2019-01-01 30
Total of all active and inactive participants 2019-01-01 118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 118
Number of participants with account balances 2019-01-01 118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2020: FI360, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	118
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	0
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	0
Total of all active and inactive participants	2020-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	0
Number of participants with account balances	2020-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: FI360, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	121
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	85
Number of retired or separated participants receiving benefits	2019-01-01	3
Number of other retired or separated participants entitled to future benefits	2019-01-01	30
Total of all active and inactive participants	2019-01-01	118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	118
Number of participants with account balances	2019-01-01	118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on FI360, INC. 401(K) PLAN

Measure	Date	Value
2020 : FI360, INC. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-10-05	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-10-05	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-10-05	$0
Total income from all sources (including contributions)	2020-10-05	$-221,268
Total loss/gain on sale of assets	2020-10-05	$0
Total of all expenses incurred	2020-10-05	$6,646,394
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-10-05	$6,628,841
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-10-05	$0
Value of total assets at end of year	2020-10-05	$0
Value of total assets at beginning of year	2020-10-05	$6,867,662
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-10-05	$17,553
Total interest from all sources	2020-10-05	$2,603
Total dividends received (eg from common stock, registered investment company shares)	2020-10-05	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-10-05	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2020-10-05	$0
Was this plan covered by a fidelity bond	2020-10-05	Yes
Value of fidelity bond cover	2020-10-05	$500,000
If this is an individual account plan, was there a blackout period	2020-10-05	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-10-05	$0
Were there any nonexempt tranactions with any party-in-interest	2020-10-05	No
Contributions received from participants	2020-10-05	$0
Participant contributions at end of year	2020-10-05	$0
Participant contributions at beginning of year	2020-10-05	$88,979
Income. Received or receivable in cash from other sources (including rollovers)	2020-10-05	$0
Total non interest bearing cash at end of year	2020-10-05	$0
Total non interest bearing cash at beginning of year	2020-10-05	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-10-05	No
Value of net income/loss	2020-10-05	$-6,867,662
Value of net assets at end of year (total assets less liabilities)	2020-10-05	$0
Value of net assets at beginning of year (total assets less liabilities)	2020-10-05	$6,867,662
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-10-05	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-10-05	No
Were any leases to which the plan was party in default or uncollectible	2020-10-05	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-10-05	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-10-05	$5,760,251
Interest on participant loans	2020-10-05	$0
Value of interest in common/collective trusts at end of year	2020-10-05	$0
Value of interest in common/collective trusts at beginning of year	2020-10-05	$44,483
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-10-05	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-10-05	$973,949
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-10-05	$973,949
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-10-05	$2,603
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-10-05	$-223,871
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-10-05	No
Was there a failure to transmit to the plan any participant contributions	2020-10-05	No
Has the plan failed to provide any benefit when due under the plan	2020-10-05	No
Contributions received in cash from employer	2020-10-05	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-10-05	$6,628,841
Contract administrator fees	2020-10-05	$17,553
Did the plan have assets held for investment	2020-10-05	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	2020-10-05	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-10-05	Yes
Opinion of an independent qualified public accountant for this plan	2020-10-05	Disclaimer
Accountancy firm name	2020-10-05	SCHNEIDER DOWNS & CO., INC.
Accountancy firm EIN	2020-10-05	251408703
2019 : FI360, INC. 401(K) PLAN 2019 401k financial data
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 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	$1,962,454
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$361,343
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$350,848
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$834,864
Value of total assets at end of year	2019-12-31	$6,867,662
Value of total assets at beginning of year	2019-12-31	$5,266,551
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$10,495
Total interest from all sources	2019-12-31	$9,833
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2019-12-31	$0
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
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
Contributions received from participants	2019-12-31	$542,184
Participant contributions at end of year	2019-12-31	$88,979
Participant contributions at beginning of year	2019-12-31	$138,086
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$4,645
Total non interest bearing cash at end of year	2019-12-31	$0
Total non interest bearing cash at beginning of year	2019-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$1,601,111
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$6,867,662
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$5,266,551
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$1,788
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$5,760,251
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$4,140,361
Interest on participant loans	2019-12-31	$7,682
Value of interest in common/collective trusts at end of year	2019-12-31	$44,483
Value of interest in common/collective trusts at beginning of year	2019-12-31	$988,104
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$973,949
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$2,151
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,094,899
Net investment gain or loss from common/collective trusts	2019-12-31	$22,858
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	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	$288,035
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$350,848
Contract administrator fees	2019-12-31	$8,707
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	SCHNEIDER DOWNS & CO., INC.
Accountancy firm EIN	2019-12-31	251408703

Form 5500 Responses for FI360, INC. 401(K) PLAN

2020: FI360, INC. 401(K) 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	Yes
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
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: FI360, INC. 401(K) 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

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Company Name:	FI360, INC.
Employer identification number (EIN):	453596814
NAIC Classification:	523900