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PROMISE AND SUCCESS 401K PLAN 401k Plan overview

Plan NamePROMISE AND SUCCESS 401K PLAN
Plan identification number 001

PROMISE AND SUCCESS 401K PLAN Benefits

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

PROMISE HEALTHCARE GROUP, LLC has sponsored the creation of one or more 401k plans.

Company Name:PROMISE HEALTHCARE GROUP, LLC
Employer identification number (EIN):455351895
NAIC Classification:622000
NAIC Description: Hospitals

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROMISE AND SUCCESS 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01BRADLEY BOE2023-07-11
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01JAMES HOPWOOD
0012016-01-01JAMES HOPWOOD
0012015-01-01DAVID ARMSTRONG

Plan Statistics for PROMISE AND SUCCESS 401K PLAN

401k plan membership statisitcs for PROMISE AND SUCCESS 401K PLAN

Measure Date Value
2021: PROMISE AND SUCCESS 401K PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01553
Total number of active participants reported on line 7a of the Form 55002021-01-010
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-012
Total of all active and inactive participants2021-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-012
Number of participants with account balances2021-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PROMISE AND SUCCESS 401K PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-012,881
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-0113
Number of other retired or separated participants entitled to future benefits2020-01-01539
Total of all active and inactive participants2020-01-01552
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01553
Number of participants with account balances2020-01-01553
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PROMISE AND SUCCESS 401K PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-015,084
Total number of active participants reported on line 7a of the Form 55002019-01-010
Number of retired or separated participants receiving benefits2019-01-0128
Number of other retired or separated participants entitled to future benefits2019-01-012,853
Total of all active and inactive participants2019-01-012,881
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-012,881
Number of participants with account balances2019-01-012,881
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: PROMISE AND SUCCESS 401K PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-015,456
Total number of active participants reported on line 7a of the Form 55002018-01-014,025
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01980
Total of all active and inactive participants2018-01-015,005
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-015,006
Number of participants with account balances2018-01-014,479
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-01501
2017: PROMISE AND SUCCESS 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-016,419
Total number of active participants reported on line 7a of the Form 55002017-01-014,283
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-011,085
Total of all active and inactive participants2017-01-015,368
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-015,369
Number of participants with account balances2017-01-015,091
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-01653
2016: PROMISE AND SUCCESS 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-015,533
Total number of active participants reported on line 7a of the Form 55002016-01-014,929
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-011,658
Total of all active and inactive participants2016-01-016,587
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-016,588
Number of participants with account balances2016-01-016,004
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-01127
2015: PROMISE AND SUCCESS 401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-012,256
Total number of active participants reported on line 7a of the Form 55002015-01-014,574
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01866
Total of all active and inactive participants2015-01-015,440
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-012
Total participants2015-01-015,442
Number of participants with account balances2015-01-013,417
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-01171

Financial Data on PROMISE AND SUCCESS 401K PLAN

Measure Date Value
2021 : PROMISE AND SUCCESS 401K PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$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$682,920
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$18,018,869
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$17,935,045
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$19,161
Value of total assets at beginning of year2021-12-31$17,355,110
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$83,824
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$11,074
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$11,074
Administrative expenses professional fees incurred2021-12-31$36,000
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$0
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$0
Total non interest bearing cash at end of year2021-12-31$19,155
Total non interest bearing cash at beginning of year2021-12-31$150,584
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Income. Non cash contributions2021-12-31$0
Value of net income/loss2021-12-31$-17,335,949
Value of net assets at end of year (total assets less liabilities)2021-12-31$19,161
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$17,355,110
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$6
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$15,419,336
Value of interest in common/collective trusts at end of year2021-12-31$0
Value of interest in common/collective trusts at beginning of year2021-12-31$1,785,190
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$668,122
Net investment gain or loss from common/collective trusts2021-12-31$3,724
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$17,935,045
Contract administrator fees2021-12-31$47,824
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CROWE LLP
Accountancy firm EIN2021-12-31350921680
2020 : PROMISE AND SUCCESS 401K PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets from this plan2020-12-31$4,346,869
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$2,605,617
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$10,923,628
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$10,735,015
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$0
Value of total assets at end of year2020-12-31$17,355,110
Value of total assets at beginning of year2020-12-31$30,019,990
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$188,613
Total interest from all sources2020-12-31$75
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$777,378
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$777,378
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$181,390
Other income not declared elsewhere2020-12-31$35,660
Total non interest bearing cash at end of year2020-12-31$150,584
Total non interest bearing cash at beginning of year2020-12-31$1,399,001
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-8,318,011
Value of net assets at end of year (total assets less liabilities)2020-12-31$17,355,110
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$30,019,990
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$18,047
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$15,419,336
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$25,500,840
Interest on participant loans2020-12-31$75
Value of interest in common/collective trusts at end of year2020-12-31$1,785,190
Value of interest in common/collective trusts at beginning of year2020-12-31$2,938,759
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,735,341
Net investment gain or loss from common/collective trusts2020-12-31$57,163
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$10,735,015
Contract administrator fees2020-12-31$170,566
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31CROWE LLP
Accountancy firm EIN2020-12-31350921680
2019 : PROMISE AND SUCCESS 401K PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets from this plan2019-12-31$4,641,239
Total transfer of assets from this plan2019-12-31$4,641,239
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$12,731,206
Total income from all sources (including contributions)2019-12-31$12,731,206
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$26,549,638
Total of all expenses incurred2019-12-31$26,549,638
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$26,278,062
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$26,278,062
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$3,618,285
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$3,618,285
Value of total assets at end of year2019-12-31$30,019,990
Value of total assets at end of year2019-12-31$30,019,990
Value of total assets at beginning of year2019-12-31$48,479,661
Value of total assets at beginning of year2019-12-31$48,479,661
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$271,576
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$271,576
Total interest from all sources2019-12-31$57,355
Total interest from all sources2019-12-31$57,355
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,178,748
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,178,748
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$1,178,748
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$1,178,748
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$3,434,019
Contributions received from participants2019-12-31$3,434,019
Participant contributions at end of year2019-12-31$181,390
Participant contributions at end of year2019-12-31$181,390
Participant contributions at beginning of year2019-12-31$2,045,008
Participant contributions at beginning of year2019-12-31$2,045,008
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$184,266
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$184,266
Other income not declared elsewhere2019-12-31$23,994
Total non interest bearing cash at end of year2019-12-31$1,399,001
Total non interest bearing cash at end of year2019-12-31$1,399,001
Total non interest bearing cash at beginning of year2019-12-31$8,617
Total non interest bearing cash at beginning of year2019-12-31$8,617
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-13,818,432
Value of net income/loss2019-12-31$-13,818,432
Value of net assets at end of year (total assets less liabilities)2019-12-31$30,019,990
Value of net assets at end of year (total assets less liabilities)2019-12-31$30,019,990
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$48,479,661
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$48,479,661
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$66,306
Investment advisory and management fees2019-12-31$66,306
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$25,500,840
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$25,500,840
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$40,916,860
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$40,916,860
Interest on participant loans2019-12-31$57,355
Interest on participant loans2019-12-31$57,355
Value of interest in common/collective trusts at end of year2019-12-31$2,938,759
Value of interest in common/collective trusts at end of year2019-12-31$2,938,759
Value of interest in common/collective trusts at beginning of year2019-12-31$5,509,176
Value of interest in common/collective trusts at beginning of year2019-12-31$5,509,176
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$7,741,247
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$7,741,247
Net investment gain or loss from common/collective trusts2019-12-31$111,577
Net investment gain or loss from common/collective trusts2019-12-31$111,577
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$26,278,062
Contract administrator fees2019-12-31$205,270
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31CROWE LLP
Accountancy firm name2019-12-31CROWE LLP
Accountancy firm EIN2019-12-31350921680
2018 : PROMISE AND SUCCESS 401K PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$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$6,804,969
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$8,441,826
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$7,964,822
Value of total corrective distributions2018-12-31$176
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$8,955,706
Value of total assets at end of year2018-12-31$48,479,661
Value of total assets at beginning of year2018-12-31$50,116,518
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$476,828
Total interest from all sources2018-12-31$78,696
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$2,689,661
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$2,689,661
Administrative expenses professional fees incurred2018-12-31$74,503
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$5,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$8,665,820
Participant contributions at end of year2018-12-31$2,045,008
Participant contributions at beginning of year2018-12-31$1,781,538
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$107,044
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$289,886
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$85,815
Other income not declared elsewhere2018-12-31$60,014
Total non interest bearing cash at end of year2018-12-31$8,617
Total non interest bearing cash at beginning of year2018-12-31$10,762
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-1,636,857
Value of net assets at end of year (total assets less liabilities)2018-12-31$48,479,661
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$50,116,518
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$96,911
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$40,916,860
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$42,320,931
Interest on participant loans2018-12-31$78,696
Value of interest in common/collective trusts at end of year2018-12-31$5,509,176
Value of interest in common/collective trusts at beginning of year2018-12-31$5,810,428
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-5,109,971
Net investment gain or loss from common/collective trusts2018-12-31$130,863
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$7,964,822
Contract administrator fees2018-12-31$305,414
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31CROWE LLP
Accountancy firm EIN2018-12-31350921680
2017 : PROMISE AND SUCCESS 401K PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$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$16,561,272
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$8,818,677
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$8,353,402
Value of total corrective distributions2017-12-31$32,335
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$9,454,798
Value of total assets at end of year2017-12-31$50,116,518
Value of total assets at beginning of year2017-12-31$42,373,923
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$432,940
Total interest from all sources2017-12-31$61,330
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$1,463,264
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$1,463,264
Administrative expenses professional fees incurred2017-12-31$49,942
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$5,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$8,817,331
Participant contributions at end of year2017-12-31$1,781,538
Participant contributions at beginning of year2017-12-31$1,715,136
Participant contributions at end of year2017-12-31$107,044
Participant contributions at beginning of year2017-12-31$137,867
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$637,467
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$85,815
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$0
Other income not declared elsewhere2017-12-31$42,641
Total non interest bearing cash at end of year2017-12-31$10,762
Total non interest bearing cash at beginning of year2017-12-31$70,024
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$7,742,595
Value of net assets at end of year (total assets less liabilities)2017-12-31$50,116,518
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$42,373,923
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$107,447
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$42,320,931
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$34,273,231
Interest on participant loans2017-12-31$61,330
Value of interest in common/collective trusts at end of year2017-12-31$5,810,428
Value of interest in common/collective trusts at beginning of year2017-12-31$6,177,665
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$5,378,381
Net investment gain or loss from common/collective trusts2017-12-31$160,858
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$8,353,402
Contract administrator fees2017-12-31$275,551
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31CROWE LLP
Accountancy firm EIN2017-12-31350921680
2016 : PROMISE AND SUCCESS 401K PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$10,580,911
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$5,354,989
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$4,894,151
Value of total corrective distributions2016-12-31$50,174
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$8,128,344
Value of total assets at end of year2016-12-31$42,373,923
Value of total assets at beginning of year2016-12-31$37,148,001
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$410,664
Total interest from all sources2016-12-31$50,517
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,017,539
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$1,017,539
Administrative expenses professional fees incurred2016-12-31$64,837
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$5,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$7,832,938
Participant contributions at end of year2016-12-31$1,715,136
Participant contributions at beginning of year2016-12-31$1,434,042
Participant contributions at end of year2016-12-31$137,867
Participant contributions at beginning of year2016-12-31$43,206
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$295,406
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$121,646
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$0
Other income not declared elsewhere2016-12-31$31,215
Administrative expenses (other) incurred2016-12-31$22
Total non interest bearing cash at end of year2016-12-31$70,024
Total non interest bearing cash at beginning of year2016-12-31$4,745
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$5,225,922
Value of net assets at end of year (total assets less liabilities)2016-12-31$42,373,923
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$37,148,001
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$345,805
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$34,273,231
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$29,141,939
Interest on participant loans2016-12-31$50,517
Value of interest in common/collective trusts at end of year2016-12-31$6,177,665
Value of interest in common/collective trusts at beginning of year2016-12-31$6,524,069
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$1,249,074
Net investment gain or loss from common/collective trusts2016-12-31$104,222
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$4,772,505
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31CROWE HORWATH LLP
Accountancy firm EIN2016-12-31350921680
2015 : PROMISE AND SUCCESS 401K PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$27,249,249
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$5,348,648
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$3,661,773
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$3,274,324
Value of total corrective distributions2015-12-31$197,927
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$5,230,745
Value of total assets at end of year2015-12-31$37,148,001
Value of total assets at beginning of year2015-12-31$8,211,877
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$189,522
Total interest from all sources2015-12-31$36,226
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,242,803
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$1,242,803
Administrative expenses professional fees incurred2015-12-31$20,944
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$5,000,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$5,099,674
Participant contributions at end of year2015-12-31$1,434,042
Participant contributions at beginning of year2015-12-31$248,384
Participant contributions at end of year2015-12-31$43,206
Participant contributions at beginning of year2015-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$131,071
Other income not declared elsewhere2015-12-31$19,074
Administrative expenses (other) incurred2015-12-31$1
Total non interest bearing cash at end of year2015-12-31$4,745
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$1,686,875
Value of net assets at end of year (total assets less liabilities)2015-12-31$37,148,001
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$8,211,877
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$166,266
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$29,141,939
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$0
Value of interest in pooled separate accounts at end of year2015-12-31$0
Value of interest in pooled separate accounts at beginning of year2015-12-31$6,637,526
Interest on participant loans2015-12-31$32,596
Interest earned on other investments2015-12-31$3,630
Value of interest in common/collective trusts at end of year2015-12-31$6,524,069
Value of interest in common/collective trusts at beginning of year2015-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$1,325,967
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-1,623,174
Net investment gain/loss from pooled separate accounts2015-12-31$206,242
Net investment gain or loss from common/collective trusts2015-12-31$236,732
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$3,274,324
Contract administrator fees2015-12-31$2,311
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31MORRISON BROWN ARGIZ & FARRA LLP
Accountancy firm EIN2015-12-31010720052

Form 5500 Responses for PROMISE AND SUCCESS 401K PLAN

2021: PROMISE AND SUCCESS 401K PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PROMISE AND SUCCESS 401K PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PROMISE AND SUCCESS 401K PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PROMISE AND SUCCESS 401K PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PROMISE AND SUCCESS 401K PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PROMISE AND SUCCESS 401K PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PROMISE AND SUCCESS 401K PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number801917
Policy instance 1
Insurance contract or identification number801917
Number of Individuals Covered0
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $2,731
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $2,731
Insurance broker organization code?3
Insurance broker nameLINSCO PRIVATE LEDGER CORP

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