401k Plan data: SARMENTO FINANCIAL, INC. RETIREMENT PLAN plan

SARMENTO FINANCIAL, INC. RETIREMENT PLAN 401k Plan overview

Plan Name	SARMENTO FINANCIAL, INC. RETIREMENT PLAN
Plan identification number	001

SARMENTO FINANCIAL, INC. RETIREMENT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

Company Name: SARMENTO FINANCIAL, INC.

Employer identification number (EIN): 471070430

NAIC Classification: 523900

Additional information about SARMENTO FINANCIAL, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 2014-06-04

Company Identification Number: P14000049162

Legal Registered Office Address: 5555 GOLDEN GATE PARKWAY

NAPLES

34116

More information about SARMENTO FINANCIAL, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SARMENTO FINANCIAL, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01
001 2019-01-01 RICHARD EDWARDS 2019-11-21 RICHARD EDWARDS 2019-11-21
001 2018-10-01 RICHARD EDWARDS 2019-06-06
001 2018-01-01
001 2018-01-01
001 2017-01-01 RICHARD J. EDWARDS
001 2016-01-01 RICHARD J. EDWARDS
001 2015-01-01 RICHARD J. EDWARDS
001 2014-07-08 RICHARD EDWARDS

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2019-01-01
001	2019-01-01	RICHARD EDWARDS	2019-11-21	RICHARD EDWARDS	2019-11-21
001	2018-10-01	RICHARD EDWARDS	2019-06-06
001	2018-01-01
001	2018-01-01
001	2017-01-01	RICHARD J. EDWARDS
001	2016-01-01	RICHARD J. EDWARDS
001	2015-01-01	RICHARD J. EDWARDS
001	2014-07-08	RICHARD EDWARDS

Plan Statistics for SARMENTO FINANCIAL, INC. RETIREMENT PLAN

401k plan membership statisitcs for SARMENTO FINANCIAL, INC. RETIREMENT PLAN

Measure Date Value
2019: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 0
Total of all active and inactive participants 2019-01-01 0
Total participants 2019-01-01 0
Number of participants with account balances 2019-01-01 0
2018: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 2
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 2
Number of participants with account balances 2018-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 2
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 2
Number of participants with account balances 2017-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 2
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 2
Number of participants with account balances 2016-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 1
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 1
Number of participants with account balances 2015-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year 2014-07-08 1
Total number of active participants reported on line 7a of the Form 5500 2014-07-08 1
Number of retired or separated participants receiving benefits 2014-07-08 0
Number of other retired or separated participants entitled to future benefits 2014-07-08 0
Total of all active and inactive participants 2014-07-08 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-07-08 0
Total participants 2014-07-08 1
Number of participants with account balances 2014-07-08 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-07-08 0

Measure	Date	Value
2019: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	0
Total of all active and inactive participants	2019-01-01	0
Total participants	2019-01-01	0
Number of participants with account balances	2019-01-01	0
2018: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	2
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	2
Number of participants with account balances	2018-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	2
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	2
Number of participants with account balances	2017-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	2
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	2
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	2
Number of participants with account balances	2016-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	1
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	1
Number of participants with account balances	2015-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year	2014-07-08	1
Total number of active participants reported on line 7a of the Form 5500	2014-07-08	1
Number of retired or separated participants receiving benefits	2014-07-08	0
Number of other retired or separated participants entitled to future benefits	2014-07-08	0
Total of all active and inactive participants	2014-07-08	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-07-08	0
Total participants	2014-07-08	1
Number of participants with account balances	2014-07-08	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-07-08	0

Financial Data on SARMENTO FINANCIAL, INC. RETIREMENT PLAN

Measure	Date	Value
2019 : SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2019 401k financial data
Total plan liabilities at beginning of year	2019-12-31	$30,985
Total income from all sources	2019-12-31	$2,300
Expenses. Total of all expenses incurred	2019-12-31	$133,258
Benefits paid (including direct rollovers)	2019-12-31	$132,808
Total plan assets at end of year	2019-12-31	$0
Total plan assets at beginning of year	2019-12-31	$161,943
Other income received	2019-12-31	$2,300
Net income (gross income less expenses)	2019-12-31	$-130,958
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$130,958
Assets. Value of employer securities	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$450
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2018 401k financial data
Total plan liabilities at end of year	2018-12-31	$30,985
Total plan liabilities at beginning of year	2018-12-31	$4,559
Total income from all sources	2018-12-31	$-299,434
Expenses. Total of all expenses incurred	2018-12-31	$0
Benefits paid (including direct rollovers)	2018-12-31	$0
Total plan assets at end of year	2018-12-31	$0
Total plan assets at beginning of year	2018-12-31	$303,993
Total contributions received or receivable from participants	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$-299,434
Net income (gross income less expenses)	2018-12-31	$-299,434
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$299,434
Assets. Value of employer securities	2018-12-31	$0
Total contributions received or receivable from employer(s)	2018-12-31	$0
Value of certain deemed distributions of participant loans	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$0
2017 : SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2017 401k financial data
Total plan liabilities at end of year	2017-12-31	$4,559
Total income from all sources	2017-12-31	$-408,040
Expenses. Total of all expenses incurred	2017-12-31	$1,233
Benefits paid (including direct rollovers)	2017-12-31	$0
Total plan assets at end of year	2017-12-31	$303,993
Total plan assets at beginning of year	2017-12-31	$708,707
Value of fidelity bond covering the plan	2017-12-31	$60,000
Total contributions received or receivable from participants	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$0
Other income received	2017-12-31	$-408,040
Net income (gross income less expenses)	2017-12-31	$-409,273
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$299,434
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$708,707
Assets. Value of employer securities	2017-12-31	$155,652
Total contributions received or receivable from employer(s)	2017-12-31	$0
Value of certain deemed distributions of participant loans	2017-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$1,233
2016 : SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$271,671
Expenses. Total of all expenses incurred	2016-12-31	$784
Benefits paid (including direct rollovers)	2016-12-31	$0
Total plan assets at end of year	2016-12-31	$708,707
Total plan assets at beginning of year	2016-12-31	$437,820
Total contributions received or receivable from participants	2016-12-31	$0
Contributions received from other sources (not participants or employers)	2016-12-31	$0
Other income received	2016-12-31	$271,671
Net income (gross income less expenses)	2016-12-31	$270,887
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$708,707
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$437,820
Assets. Value of participant loans	2016-12-31	$26,694
Assets. Value of employer securities	2016-12-31	$581,287
Total contributions received or receivable from employer(s)	2016-12-31	$0
Value of certain deemed distributions of participant loans	2016-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$784
2015 : SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$181,700
Expenses. Total of all expenses incurred	2015-12-31	$16
Benefits paid (including direct rollovers)	2015-12-31	$0
Total plan assets at end of year	2015-12-31	$437,820
Total plan assets at beginning of year	2015-12-31	$256,136
Total contributions received or receivable from participants	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$115,356
Other income received	2015-12-31	$66,344
Net income (gross income less expenses)	2015-12-31	$181,684
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$437,820
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$256,136
Assets. Value of participant loans	2015-12-31	$48,531
Assets. Value of employer securities	2015-12-31	$322,000
Total contributions received or receivable from employer(s)	2015-12-31	$0
Value of certain deemed distributions of participant loans	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$16
2014 : SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$256,136
Expenses. Total of all expenses incurred	2014-12-31	$0
Benefits paid (including direct rollovers)	2014-12-31	$0
Total plan assets at end of year	2014-12-31	$256,136
Total contributions received or receivable from participants	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$273,050
Other income received	2014-12-31	$-16,914
Net income (gross income less expenses)	2014-12-31	$256,136
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$256,136
Assets. Value of employer securities	2014-12-31	$256,136
Total contributions received or receivable from employer(s)	2014-12-31	$0
Value of certain deemed distributions of participant loans	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$0

Form 5500 Responses for SARMENTO FINANCIAL, INC. RETIREMENT PLAN

2019: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	This submission is the final filing	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SARMENTO FINANCIAL, INC. RETIREMENT PLAN 2014 form 5500 responses
2014-07-08	Type of plan entity	Single employer plan
2014-07-08	First time form 5500 has been submitted	Yes
2014-07-08	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-07-08	Plan funding arrangement – Trust	Yes
2014-07-08	Plan benefit arrangement - Trust	Yes

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Company Name:	SARMENTO FINANCIAL, INC.
Employer identification number (EIN):	471070430
NAIC Classification:	523900

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	2014-06-04
Company Identification Number:	P14000049162
Legal Registered Office Address:	5555 GOLDEN GATE PARKWAY NAPLES 34116