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INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameINDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 002

INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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.
  • 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

INDEPENDENT TECHNOLOGIES, LLC has sponsored the creation of one or more 401k plans.

Company Name:INDEPENDENT TECHNOLOGIES, LLC
Employer identification number (EIN):470685933
NAIC Classification:334200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022024-01-01ALYSSA NEIBURG
0022023-01-01
0022023-01-01ALYSSA NEIBURG
0022022-01-01
0022022-01-01ALYSSA NEIBURG
0022021-01-01
0022021-01-01ALYSSA NEIBURG
0022020-01-01ALYSSA NEIBURG2021-10-12 ALYSSA NEIBURG2021-10-12
0022019-01-01ALYSSA NEIBURG2020-10-13 ALYSSA NEIBURG2020-10-13
0022018-01-01ALYSSA NEIBURG2019-10-13 ALYSSA NEIBURG2019-10-13
0022017-01-01
0022016-01-01
0022015-01-01TIMOTHY O'DELL

Financial Data on INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2023 : INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total transfer of assets to this plan2023-12-31$0
Total transfer of assets from this plan2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$1,991,962
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$435,023
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$394,245
Expenses. Certain deemed distributions of participant loans2023-12-31$2,600
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$569,590
Value of total assets at end of year2023-12-31$7,495,503
Value of total assets at beginning of year2023-12-31$5,938,564
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$38,178
Total interest from all sources2023-12-31$7,166
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$268,485
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$268,485
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$377,813
Participant contributions at end of year2023-12-31$99,655
Participant contributions at beginning of year2023-12-31$88,878
Participant contributions at end of year2023-12-31$9,030
Participant contributions at beginning of year2023-12-31$10,119
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$14,505
Other income not declared elsewhere2023-12-31$5
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$1,556,939
Value of net assets at end of year (total assets less liabilities)2023-12-31$7,495,503
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$5,938,564
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$16,659
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$7,308,136
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$5,766,997
Interest on participant loans2023-12-31$7,166
Value of interest in common/collective trusts at end of year2023-12-31$73,860
Value of interest in common/collective trusts at beginning of year2023-12-31$67,237
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$1,144,749
Net investment gain or loss from common/collective trusts2023-12-31$1,967
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$177,272
Employer contributions (assets) at end of year2023-12-31$4,822
Employer contributions (assets) at beginning of year2023-12-31$5,333
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$394,245
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31EIDE BAILLY LLP
Accountancy firm EIN2023-12-31450250958
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total transfer of assets to this plan2023-01-01$0
Total transfer of assets from this plan2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$1,991,962
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$435,023
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$394,245
Expenses. Certain deemed distributions of participant loans2023-01-01$2,600
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$569,590
Value of total assets at end of year2023-01-01$7,495,503
Value of total assets at beginning of year2023-01-01$5,938,564
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$38,178
Total interest from all sources2023-01-01$7,166
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$268,485
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$268,485
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$500,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$377,813
Participant contributions at end of year2023-01-01$99,655
Participant contributions at beginning of year2023-01-01$88,878
Participant contributions at end of year2023-01-01$9,030
Participant contributions at beginning of year2023-01-01$10,119
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$14,505
Other income not declared elsewhere2023-01-01$5
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$1,556,939
Value of net assets at end of year (total assets less liabilities)2023-01-01$7,495,503
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$5,938,564
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Investment advisory and management fees2023-01-01$16,659
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$7,308,136
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$5,766,997
Interest on participant loans2023-01-01$7,166
Value of interest in common/collective trusts at end of year2023-01-01$73,860
Value of interest in common/collective trusts at beginning of year2023-01-01$67,237
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$1,144,749
Net investment gain or loss from common/collective trusts2023-01-01$1,967
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01Yes
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$177,272
Employer contributions (assets) at end of year2023-01-01$4,822
Employer contributions (assets) at beginning of year2023-01-01$5,333
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$394,245
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01EIDE BAILLY LLP
Accountancy firm EIN2023-01-01450250958
2022 : INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$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$0
Total income from all sources (including contributions)2022-12-31$-1,196,875
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$891,582
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$811,261
Expenses. Certain deemed distributions of participant loans2022-12-31$34,413
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$729,592
Value of total assets at end of year2022-12-31$5,938,564
Value of total assets at beginning of year2022-12-31$8,027,021
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$45,908
Total interest from all sources2022-12-31$5,333
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$154,082
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$154,082
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$474,913
Participant contributions at end of year2022-12-31$88,878
Participant contributions at beginning of year2022-12-31$156,863
Participant contributions at end of year2022-12-31$10,119
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$57,628
Other income not declared elsewhere2022-12-31$4,615
Administrative expenses (other) incurred2022-12-31$45,908
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,088,457
Value of net assets at end of year (total assets less liabilities)2022-12-31$5,938,564
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$8,027,021
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$5,766,997
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$7,796,871
Interest on participant loans2022-12-31$5,333
Value of interest in common/collective trusts at end of year2022-12-31$67,237
Value of interest in common/collective trusts at beginning of year2022-12-31$73,287
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,091,707
Net investment gain or loss from common/collective trusts2022-12-31$1,210
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$197,051
Employer contributions (assets) at end of year2022-12-31$5,333
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$811,261
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31EIDE BAILLY LLP
Accountancy firm EIN2022-12-31450250958
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total transfer of assets to this plan2022-01-01$0
Total transfer of assets from this plan2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-1,196,875
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$891,582
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$811,261
Expenses. Certain deemed distributions of participant loans2022-01-01$34,413
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$729,592
Value of total assets at end of year2022-01-01$5,938,564
Value of total assets at beginning of year2022-01-01$8,027,021
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$45,908
Total interest from all sources2022-01-01$5,333
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$154,082
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$154,082
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$500,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$474,913
Participant contributions at end of year2022-01-01$88,878
Participant contributions at beginning of year2022-01-01$156,863
Participant contributions at end of year2022-01-01$10,119
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$57,628
Other income not declared elsewhere2022-01-01$4,615
Administrative expenses (other) incurred2022-01-01$45,908
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-2,088,457
Value of net assets at end of year (total assets less liabilities)2022-01-01$5,938,564
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$8,027,021
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$5,766,997
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$7,796,871
Interest on participant loans2022-01-01$5,333
Value of interest in common/collective trusts at end of year2022-01-01$67,237
Value of interest in common/collective trusts at beginning of year2022-01-01$73,287
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-2,091,707
Net investment gain or loss from common/collective trusts2022-01-01$1,210
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$197,051
Employer contributions (assets) at end of year2022-01-01$5,333
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$811,261
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01EIDE BAILLY LLP
Accountancy firm EIN2022-01-01450250958
2021 : INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets from this plan2021-12-31$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$1,860,102
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$2,110,455
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,069,251
Expenses. Certain deemed distributions of participant loans2021-12-31$13,406
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$675,813
Value of total assets at end of year2021-12-31$8,027,021
Value of total assets at beginning of year2021-12-31$8,277,374
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$27,798
Total interest from all sources2021-12-31$6,112
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$560,834
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$560,834
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 period2021-12-31Yes
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$455,274
Participant contributions at end of year2021-12-31$156,863
Participant contributions at beginning of year2021-12-31$110,708
Participant contributions at beginning of year2021-12-31$8,920
Other income not declared elsewhere2021-12-31$2
Administrative expenses (other) incurred2021-12-31$27,798
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-250,353
Value of net assets at end of year (total assets less liabilities)2021-12-31$8,027,021
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$8,277,374
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$7,796,871
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$8,068,629
Interest on participant loans2021-12-31$6,112
Value of interest in common/collective trusts at end of year2021-12-31$73,287
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$84,302
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$616,465
Net investment gain or loss from common/collective trusts2021-12-31$876
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$220,539
Employer contributions (assets) at beginning of year2021-12-31$4,815
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,069,251
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
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 name2021-12-31EIDE BAILLY LLP
Accountancy firm EIN2021-12-31450250958
2020 : INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$2,247,308
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,026,544
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$988,996
Expenses. Certain deemed distributions of participant loans2020-12-31$32,083
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$645,628
Value of total assets at end of year2020-12-31$8,277,362
Value of total assets at beginning of year2020-12-31$7,056,598
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$5,465
Total interest from all sources2020-12-31$6,348
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
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
Contributions received from participants2020-12-31$439,933
Participant contributions at end of year2020-12-31$110,708
Participant contributions at beginning of year2020-12-31$136,879
Participant contributions at end of year2020-12-31$8,920
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$1,220,764
Value of net assets at end of year (total assets less liabilities)2020-12-31$8,277,362
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$7,056,598
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$8,068,617
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$6,792,502
Interest on participant loans2020-12-31$6,348
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$7,107
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$7,107
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$84,302
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$120,110
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,595,332
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
Contributions received in cash from employer2020-12-31$205,695
Employer contributions (assets) at end of year2020-12-31$4,815
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$988,996
Contract administrator fees2020-12-31$5,465
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 name2020-12-31SEIM JOHNSON, LLP
Accountancy firm EIN2020-12-31476097913
2019 : INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at 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$2,536,694
Total income from all sources (including contributions)2019-12-31$2,536,694
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$3,364,001
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,341,073
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,341,073
Expenses. Certain deemed distributions of participant loans2019-12-31$20,960
Expenses. Certain deemed distributions of participant loans2019-12-31$20,960
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$697,314
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$697,314
Value of total assets at end of year2019-12-31$7,056,598
Value of total assets at end of year2019-12-31$7,056,598
Value of total assets at beginning of year2019-12-31$7,883,905
Value of total assets at beginning of year2019-12-31$7,883,905
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,968
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,968
Total interest from all sources2019-12-31$7,478
Total interest from all sources2019-12-31$7,478
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
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 year2019-12-31No
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$421,510
Contributions received from participants2019-12-31$421,510
Participant contributions at end of year2019-12-31$136,879
Participant contributions at end of year2019-12-31$136,879
Participant contributions at beginning of year2019-12-31$128,863
Participant contributions at beginning of year2019-12-31$128,863
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$94,114
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$94,114
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-827,307
Value of net income/loss2019-12-31$-827,307
Value of net assets at end of year (total assets less liabilities)2019-12-31$7,056,598
Value of net assets at end of year (total assets less liabilities)2019-12-31$7,056,598
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$7,883,905
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$7,883,905
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$6,792,502
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$6,792,502
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$7,394,809
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$7,394,809
Interest on participant loans2019-12-31$7,478
Interest on participant loans2019-12-31$7,478
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$7,107
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$7,107
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$12,922
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$12,922
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$12,922
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$12,922
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$120,110
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$120,110
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$125,689
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$125,689
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,831,902
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,831,902
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
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
Contributions received in cash from employer2019-12-31$181,690
Contributions received in cash from employer2019-12-31$181,690
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$221,622
Employer contributions (assets) at beginning of year2019-12-31$221,622
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,341,073
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,341,073
Contract administrator fees2019-12-31$1,968
Contract administrator fees2019-12-31$1,968
Did the plan have assets held for investment2019-12-31Yes
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
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 name2019-12-31SEIM JOHNSON, LLP
Accountancy firm name2019-12-31SEIM JOHNSON, LLP
Accountancy firm EIN2019-12-31476097913
2018 : INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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$332,094
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$748,676
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$748,676
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$761,130
Value of total assets at end of year2018-12-31$7,883,905
Value of total assets at beginning of year2018-12-31$8,300,487
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$0
Total interest from all sources2018-12-31$8,645
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
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$411,487
Participant contributions at end of year2018-12-31$128,863
Participant contributions at beginning of year2018-12-31$207,728
Participant contributions at beginning of year2018-12-31$16,789
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-416,582
Value of net assets at end of year (total assets less liabilities)2018-12-31$7,883,905
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$8,300,487
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$7,394,809
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$7,953,824
Interest on participant loans2018-12-31$8,645
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$12,922
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$8,456
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$8,456
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$125,689
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$106,092
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-437,681
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
Contributions received in cash from employer2018-12-31$349,643
Employer contributions (assets) at end of year2018-12-31$221,622
Employer contributions (assets) at beginning of year2018-12-31$7,598
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$748,676
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 name2018-12-31SEIM JOHNSON, LLP
Accountancy firm EIN2018-12-31476097913
2017 : INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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$1,741,524
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$267,558
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$240,991
Expenses. Certain deemed distributions of participant loans2017-12-31$4,859
Value of total corrective distributions2017-12-31$21,708
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$431,803
Value of total assets at end of year2017-12-31$8,300,487
Value of total assets at beginning of year2017-12-31$6,826,521
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$0
Total interest from all sources2017-12-31$7,952
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
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$370,204
Participant contributions at end of year2017-12-31$207,728
Participant contributions at beginning of year2017-12-31$157,413
Participant contributions at end of year2017-12-31$16,789
Participant contributions at beginning of year2017-12-31$7,235
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$1,473,966
Value of net assets at end of year (total assets less liabilities)2017-12-31$8,300,487
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$6,826,521
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$7,953,824
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$6,352,955
Interest on participant loans2017-12-31$7,952
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$8,456
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$8,540
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$8,540
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$106,092
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$86,453
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,301,769
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
Contributions received in cash from employer2017-12-31$61,599
Employer contributions (assets) at end of year2017-12-31$7,598
Employer contributions (assets) at beginning of year2017-12-31$213,925
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$240,991
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 name2017-12-31SEIM JOHNSON, LLP
Accountancy firm EIN2017-12-31476097913
2016 : INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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$996,787
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$665,679
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$634,846
Expenses. Certain deemed distributions of participant loans2016-12-31$14,360
Value of total corrective distributions2016-12-31$16,473
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$694,510
Value of total assets at end of year2016-12-31$6,826,521
Value of total assets at beginning of year2016-12-31$6,495,413
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$0
Total interest from all sources2016-12-31$7,287
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$3,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$329,960
Participant contributions at end of year2016-12-31$157,413
Participant contributions at beginning of year2016-12-31$194,629
Participant contributions at end of year2016-12-31$7,235
Participant contributions at beginning of year2016-12-31$7,347
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$100,000
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$331,108
Value of net assets at end of year (total assets less liabilities)2016-12-31$6,826,521
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$6,495,413
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$6,352,955
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$5,902,957
Interest on participant loans2016-12-31$7,287
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$8,540
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$71,749
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$71,749
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$86,453
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$294,990
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
Contributions received in cash from employer2016-12-31$264,550
Employer contributions (assets) at end of year2016-12-31$213,925
Employer contributions (assets) at beginning of year2016-12-31$318,731
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$634,846
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 name2016-12-31SEIM JOHNSON, LLP
Accountancy firm EIN2016-12-31476097913
2015 : INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
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$768,339
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$211,727
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$144,335
Expenses. Certain deemed distributions of participant loans2015-12-31$57,374
Value of total corrective distributions2015-12-31$10,018
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$720,633
Value of total assets at end of year2015-12-31$6,495,413
Value of total assets at beginning of year2015-12-31$5,938,801
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$0
Total interest from all sources2015-12-31$9,010
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$3,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
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$328,824
Participant contributions at end of year2015-12-31$194,629
Participant contributions at beginning of year2015-12-31$246,810
Participant contributions at end of year2015-12-31$7,347
Participant contributions at beginning of year2015-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$21,906
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$556,612
Value of net assets at end of year (total assets less liabilities)2015-12-31$6,495,413
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$5,938,801
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$5,902,957
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$5,391,918
Interest on participant loans2015-12-31$9,010
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$71,749
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$71,613
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$71,613
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$38,696
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 contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$369,903
Employer contributions (assets) at end of year2015-12-31$318,731
Employer contributions (assets) at beginning of year2015-12-31$228,460
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$144,335
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 name2015-12-31SEIM JOHNSON, LLP
Accountancy firm EIN2015-12-31476097913

Form 5500 Responses for INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN

2023: INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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: INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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: INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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 – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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 – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING 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 – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: INDEPENDENT TECHNOLOGIES, INC. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
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 – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-JH7S
Policy instance 1
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-JH7S
Policy instance 1
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-JH7S
Policy instance 1
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-JH7S
Policy instance 1
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-CP-JH7S
Policy instance 1

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