401k Plan data: ICAPITAL NETWORK, INC 401(K) PLAN plan

ICAPITAL NETWORK, INC 401(K) PLAN 401k Plan overview

Plan Name	ICAPITAL NETWORK, INC 401(K) PLAN
Plan identification number	001

ICAPITAL NETWORK, INC 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

INSTITUTIONAL CAPITAL NETWORK, INC. has sponsored the creation of one or more 401k plans.

Company Name: INSTITUTIONAL CAPITAL NETWORK, INC.

Employer identification number (EIN): 462479130

NAIC Classification: 541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ICAPITAL NETWORK, INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01 JESSICA WEGMANN 2019-07-29
001 2017-01-01 JESSICA WEGMANN 2018-07-17
001 2016-08-01 PLAN SPONSOR 2017-07-10

Plan Statistics for ICAPITAL NETWORK, INC 401(K) PLAN

401k plan membership statisitcs for ICAPITAL NETWORK, INC 401(K) PLAN

Measure Date Value
2022: ICAPITAL NETWORK, INC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 598
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 795
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 120
Total of all active and inactive participants 2022-01-01 915
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 915
Number of participants with account balances 2022-01-01 824
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: ICAPITAL NETWORK, INC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 309
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 535
Number of retired or separated participants receiving benefits 2021-01-01 6
Number of other retired or separated participants entitled to future benefits 2021-01-01 57
Total of all active and inactive participants 2021-01-01 598
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 598
Number of participants with account balances 2021-01-01 511
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: ICAPITAL NETWORK, INC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 174
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 278
Number of retired or separated participants receiving benefits 2020-01-01 2
Number of other retired or separated participants entitled to future benefits 2020-01-01 27
Total of all active and inactive participants 2020-01-01 307
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 307
Number of participants with account balances 2020-01-01 258
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 1
2019: ICAPITAL NETWORK, INC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 140
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 170
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 24
Total of all active and inactive participants 2019-01-01 194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 194
Number of participants with account balances 2019-01-01 133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2022: ICAPITAL NETWORK, INC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	598
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	795
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	120
Total of all active and inactive participants	2022-01-01	915
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	915
Number of participants with account balances	2022-01-01	824
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: ICAPITAL NETWORK, INC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	309
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	535
Number of retired or separated participants receiving benefits	2021-01-01	6
Number of other retired or separated participants entitled to future benefits	2021-01-01	57
Total of all active and inactive participants	2021-01-01	598
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	598
Number of participants with account balances	2021-01-01	511
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: ICAPITAL NETWORK, INC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	174
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	278
Number of retired or separated participants receiving benefits	2020-01-01	2
Number of other retired or separated participants entitled to future benefits	2020-01-01	27
Total of all active and inactive participants	2020-01-01	307
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	307
Number of participants with account balances	2020-01-01	258
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	1
2019: ICAPITAL NETWORK, INC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	140
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	170
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	24
Total of all active and inactive participants	2019-01-01	194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	194
Number of participants with account balances	2019-01-01	133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on ICAPITAL NETWORK, INC 401(K) PLAN

Measure	Date	Value
2022 : ICAPITAL NETWORK, INC 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
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	$11,446,766
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$1,000,665
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$899,335
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$15,679,303
Value of total assets at end of year	2022-12-31	$30,259,227
Value of total assets at beginning of year	2022-12-31	$19,813,126
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$101,330
Total interest from all sources	2022-12-31	$8,032
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$517,171
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	$517,171
Administrative expenses professional fees incurred	2022-12-31	$0
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$7,533,588
Participant contributions at end of year	2022-12-31	$303,773
Participant contributions at beginning of year	2022-12-31	$65,175
Participant contributions at end of year	2022-12-31	$250,371
Participant contributions at beginning of year	2022-12-31	$180,444
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$5,067,575
Total non interest bearing cash at end of year	2022-12-31	$1,465,065
Total non interest bearing cash at beginning of year	2022-12-31	$101,551
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	$10,446,101
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$30,259,227
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$19,813,126
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
Investment advisory and management fees	2022-12-31	$101,330
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$27,516,464
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$19,115,850
Interest on participant loans	2022-12-31	$8,032
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$290,328
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$65,543
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$65,543
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-4,757,740
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	$3,078,140
Employer contributions (assets) at end of year	2022-12-31	$433,226
Employer contributions (assets) at beginning of year	2022-12-31	$284,563
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$899,335
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2022-12-31	Yes
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	EISNERAMPER LLP
Accountancy firm EIN	2022-12-31	871363769
2021 : ICAPITAL NETWORK, INC 401(K) 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	$11,403,434
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$395,908
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$341,771
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$9,255,223
Value of total assets at end of year	2021-12-31	$19,813,126
Value of total assets at beginning of year	2021-12-31	$8,805,600
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$54,137
Total interest from all sources	2021-12-31	$1,368
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$339,135
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$339,135
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$4,166,687
Participant contributions at end of year	2021-12-31	$65,175
Participant contributions at beginning of year	2021-12-31	$20,080
Participant contributions at end of year	2021-12-31	$284,563
Participant contributions at beginning of year	2021-12-31	$73,082
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$3,471,497
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$0
Total non interest bearing cash at end of year	2021-12-31	$101,551
Total non interest bearing cash at beginning of year	2021-12-31	$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	2021-12-31	No
Value of net income/loss	2021-12-31	$11,007,526
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$19,813,126
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$8,805,600
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	$19,115,850
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$8,531,492
Interest on participant loans	2021-12-31	$1,368
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$65,543
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$41,045
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$41,045
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$1,807,708
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	Yes
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$1,617,039
Employer contributions (assets) at end of year	2021-12-31	$180,444
Employer contributions (assets) at beginning of year	2021-12-31	$139,901
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$341,771
Contract administrator fees	2021-12-31	$54,137
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	EISNERAMPER LLP
Accountancy firm EIN	2021-12-31	871363769
2020 : ICAPITAL NETWORK, INC 401(K) 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	$6,040,470
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$292,714
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$286,335
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$4,923,149
Value of total assets at end of year	2020-12-31	$8,805,600
Value of total assets at beginning of year	2020-12-31	$3,057,844
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$6,379
Total interest from all sources	2020-12-31	$1,521
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$126,527
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$126,527
Administrative expenses professional fees incurred	2020-12-31	$4,478
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	Yes
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	$2,324,319
Participant contributions at end of year	2020-12-31	$20,080
Participant contributions at beginning of year	2020-12-31	$32,716
Participant contributions at end of year	2020-12-31	$73,082
Participant contributions at beginning of year	2020-12-31	$57,467
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$1,674,540
Total non interest bearing cash at end of year	2020-12-31	$0
Total non interest bearing cash at beginning of year	2020-12-31	$9
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	$5,747,756
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$8,805,600
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$3,057,844
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	$8,531,492
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$2,907,960
Interest on participant loans	2020-12-31	$1,521
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$41,045
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$59,692
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$59,692
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$989,273
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	Yes
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$924,290
Employer contributions (assets) at end of year	2020-12-31	$139,901
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$286,335
Contract administrator fees	2020-12-31	$1,901
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2020-12-31	Yes
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	EISNERAMPER LLP
Accountancy firm EIN	2020-12-31	131639826
2019 : ICAPITAL NETWORK, INC 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)	2019-12-31	$1,999,102
Total of all expenses incurred	2019-12-31	$279,074
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$270,722
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,556,977
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,556,977
Value of total assets at end of year	2019-12-31	$3,057,844
Value of total assets at end of year	2019-12-31	$3,057,844
Value of total assets at beginning of year	2019-12-31	$1,337,816
Value of total assets at beginning of year	2019-12-31	$1,337,816
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$8,352
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$8,352
Total interest from all sources	2019-12-31	$2,105
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$60,458
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$60,458
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$60,458
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$60,458
Was this plan covered by a fidelity bond	2019-12-31	Yes
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$3,000,000
Value of fidelity bond cover	2019-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$1,237,165
Contributions received from participants	2019-12-31	$1,237,165
Participant contributions at end of year	2019-12-31	$57,467
Participant contributions at end of year	2019-12-31	$57,467
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$319,812
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$319,812
Assets. Loans (other than to participants) at end of year	2019-12-31	$32,716
Assets. Loans (other than to participants) at end of year	2019-12-31	$32,716
Assets. Loans (other than to participants) at beginning of year	2019-12-31	$39,681
Assets. Loans (other than to participants) at beginning of year	2019-12-31	$39,681
Total non interest bearing cash at end of year	2019-12-31	$9
Total non interest bearing cash at end of year	2019-12-31	$9
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$1,720,028
Value of net income/loss	2019-12-31	$1,720,028
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$3,057,844
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$3,057,844
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$1,337,816
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$1,337,816
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$2,907,960
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$2,907,960
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$1,177,248
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$1,177,248
Interest on participant loans	2019-12-31	$2,105
Interest on participant loans	2019-12-31	$2,105
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$59,692
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$59,692
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$120,887
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$120,887
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$120,887
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$120,887
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$379,562
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$379,562
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$270,722
Contract administrator fees	2019-12-31	$8,352
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
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
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	EISNERAMPER LLP
Accountancy firm name	2019-12-31	EISNERAMPER LLP
Accountancy firm EIN	2019-12-31	131639826
Accountancy firm EIN	2019-12-31	131639826

Form 5500 Responses for ICAPITAL NETWORK, INC 401(K) PLAN

2022: ICAPITAL NETWORK, INC 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: ICAPITAL NETWORK, INC 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: ICAPITAL NETWORK, 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	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: ICAPITAL NETWORK, INC 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	INSTITUTIONAL CAPITAL NETWORK, INC.
Employer identification number (EIN):	462479130
NAIC Classification:	541600