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STARRY, INC. 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameSTARRY, INC. 401(K) RETIREMENT PLAN
Plan identification number 001

STARRY, INC. 401(K) RETIREMENT PLAN Benefits

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

401k Sponsoring company profile

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

Company Name:STARRY, INC.
Employer identification number (EIN):472299616
NAIC Classification:517000

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-02-01

Plan Statistics for STARRY, INC. 401(K) RETIREMENT PLAN

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

Measure Date Value
2022: STARRY, INC. 401(K) RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01834
Total number of active participants reported on line 7a of the Form 55002022-01-01384
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01449
Total of all active and inactive participants2022-01-01833
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01833
Number of participants with account balances2022-01-01813
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: STARRY, INC. 401(K) RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01653
Total number of active participants reported on line 7a of the Form 55002021-01-01642
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01155
Total of all active and inactive participants2021-01-01797
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01797
Number of participants with account balances2021-01-01769
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: STARRY, INC. 401(K) RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01644
Total number of active participants reported on line 7a of the Form 55002020-01-01549
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0166
Total of all active and inactive participants2020-01-01615
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01615
Number of participants with account balances2020-01-01590
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: STARRY, INC. 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-02-01348
Total number of active participants reported on line 7a of the Form 55002019-02-01620
Number of retired or separated participants receiving benefits2019-02-010
Number of other retired or separated participants entitled to future benefits2019-02-0139
Total of all active and inactive participants2019-02-01659
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-02-010
Total participants2019-02-01659
Number of participants with account balances2019-02-01577
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-02-010

Financial Data on STARRY, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2022 : STARRY, INC. 401(K) RETIREMENT 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$2,734,487
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$3,031,831
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$2,962,502
Expenses. Certain deemed distributions of participant loans2022-12-31$20,517
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$5,531,966
Value of total assets at end of year2022-12-31$14,778,149
Value of total assets at beginning of year2022-12-31$15,075,493
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$48,812
Total interest from all sources2022-12-31$11,130
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$678,915
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$678,915
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$4,869,931
Participant contributions at end of year2022-12-31$271,124
Participant contributions at beginning of year2022-12-31$244,377
Participant contributions at end of year2022-12-31$81,478
Participant contributions at beginning of year2022-12-31$228
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$662,035
Other income not declared elsewhere2022-12-31$93,320
Administrative expenses (other) incurred2022-12-31$48,812
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-297,344
Value of net assets at end of year (total assets less liabilities)2022-12-31$14,778,149
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$15,075,493
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$14,072,117
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$14,662,900
Interest on participant loans2022-12-31$11,130
Value of interest in common/collective trusts at end of year2022-12-31$353,430
Value of interest in common/collective trusts at beginning of year2022-12-31$167,988
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,588,653
Net investment gain or loss from common/collective trusts2022-12-31$7,809
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 contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$2,962,502
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 name2022-12-31CARON & BLETZER, PLLC
Accountancy firm EIN2022-12-31043499945
2021 : STARRY, INC. 401(K) RETIREMENT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$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$6,510,711
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,390,575
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,334,434
Expenses. Certain deemed distributions of participant loans2021-12-31$13,931
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$4,578,848
Value of total assets at end of year2021-12-31$15,075,493
Value of total assets at beginning of year2021-12-31$9,955,357
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$42,210
Total interest from all sources2021-12-31$10,346
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$499,799
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$499,799
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$4,317,933
Participant contributions at end of year2021-12-31$244,377
Participant contributions at beginning of year2021-12-31$147,847
Participant contributions at end of year2021-12-31$228
Participant contributions at beginning of year2021-12-31$107,202
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$260,915
Other income not declared elsewhere2021-12-31$24,451
Administrative expenses (other) incurred2021-12-31$42,210
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$5,120,136
Value of net assets at end of year (total assets less liabilities)2021-12-31$15,075,493
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$9,955,357
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$14,662,900
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$9,564,034
Interest on participant loans2021-12-31$10,346
Value of interest in common/collective trusts at end of year2021-12-31$167,988
Value of interest in common/collective trusts at beginning of year2021-12-31$136,274
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,394,468
Net investment gain or loss from common/collective trusts2021-12-31$2,799
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,334,434
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 name2021-12-31TAWNEY PLLC
Accountancy firm EIN2021-12-31464585449
2020 : STARRY, INC. 401(K) RETIREMENT PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total transfer of assets from this plan2020-12-31$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$2,116
Total income from all sources (including contributions)2020-12-31$5,497,288
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$717,370
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$661,409
Value of total corrective distributions2020-12-31$13,115
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,983,610
Value of total assets at end of year2020-12-31$9,955,357
Value of total assets at beginning of year2020-12-31$5,177,555
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$42,846
Total interest from all sources2020-12-31$4,571
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$245,857
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$245,857
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$3,569,385
Participant contributions at end of year2020-12-31$147,847
Participant contributions at beginning of year2020-12-31$54,101
Participant contributions at end of year2020-12-31$107,202
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$414,225
Other income not declared elsewhere2020-12-31$15,712
Administrative expenses (other) incurred2020-12-31$42,846
Liabilities. Value of operating payables at beginning of year2020-12-31$2,116
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$4,779,918
Value of net assets at end of year (total assets less liabilities)2020-12-31$9,955,357
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,175,439
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$9,564,034
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$4,995,381
Interest on participant loans2020-12-31$4,571
Value of interest in common/collective trusts at end of year2020-12-31$136,274
Value of interest in common/collective trusts at beginning of year2020-12-31$128,073
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,244,652
Net investment gain or loss from common/collective trusts2020-12-31$2,886
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$661,409
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 name2020-12-31TAWNEY, PLLC
Accountancy firm EIN2020-12-31464585449
2019 : STARRY, INC. 401(K) RETIREMENT PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$2,226,605
Total transfer of assets from this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$2,116
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$3,369,552
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$420,718
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$412,629
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,915,114
Value of total assets at end of year2019-12-31$5,177,555
Value of total assets at beginning of year2019-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$8,089
Total interest from all sources2019-12-31$1,700
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$174,520
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$174,520
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$222,600
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
Contributions received from participants2019-12-31$2,218,618
Participant contributions at end of year2019-12-31$54,101
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$696,496
Administrative expenses (other) incurred2019-12-31$8,089
Liabilities. Value of operating payables at end of year2019-12-31$2,116
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$2,948,834
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,175,439
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$0
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 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$4,995,381
Interest on participant loans2019-12-31$1,700
Value of interest in common/collective trusts at end of year2019-12-31$128,073
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$276,036
Net investment gain or loss from common/collective trusts2019-12-31$2,182
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$412,629
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
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
Accountancy firm name2019-12-31TAWNEY, PLLC
Accountancy firm EIN2019-12-31464585449

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

2022: STARRY, INC. 401(K) RETIREMENT 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: STARRY, INC. 401(K) RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: STARRY, INC. 401(K) RETIREMENT 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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: STARRY, INC. 401(K) RETIREMENT PLAN 2019 form 5500 responses
2019-02-01Type of plan entitySingle employer plan
2019-02-01First time form 5500 has been submittedYes
2019-02-01Submission has been amendedNo
2019-02-01This submission is the final filingNo
2019-02-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-02-01Plan is a collectively bargained planNo
2019-02-01Plan funding arrangement – TrustYes
2019-02-01Plan benefit arrangement - TrustYes

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