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SPIN SYSTEMS, INC. 401K PLAN 401k Plan overview

Plan NameSPIN SYSTEMS, INC. 401K PLAN
Plan identification number 001

SPIN SYSTEMS, INC. 401K PLAN Benefits

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

401k Sponsoring company profile

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

Company Name:SPIN SYSTEMS, INC.
Employer identification number (EIN):541918968
NAIC Classification:541512
NAIC Description:Computer Systems Design Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SPIN SYSTEMS, INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01JULIE MACDONALD2020-07-23 JULIE MACDONALD2020-07-23
0012018-01-01JULIE MACDONALD2019-03-25 JULIE MACDONALD2019-03-25
0012017-01-01JULIE MACDONALD2018-07-30 JULIE MACDONALD2018-07-30
0012016-01-01CARISSA BRAITHWAITE2017-06-01
0012015-01-01CARISSA BRAITHWAITE2016-05-31
0012014-01-01CARISSA BRAITHWAITE2015-06-19
0012013-01-01CARISSA BRAITHWAITE2014-06-23
0012012-01-01CARISSA BRAITHWAITE2013-06-05
0012011-01-01CARISSA BRAITHWAITE2012-06-19
0012010-01-01CARISSA BRAITHWAITE2011-06-17
0012009-01-01CARISSA BRAITHWAITE

Plan Statistics for SPIN SYSTEMS, INC. 401K PLAN

401k plan membership statisitcs for SPIN SYSTEMS, INC. 401K PLAN

Measure Date Value
2023: SPIN SYSTEMS, INC. 401K PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01267
Total number of active participants reported on line 7a of the Form 55002023-01-010
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-01206
Total of all active and inactive participants2023-01-01206
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01206
Number of participants with account balances2023-01-01206
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: SPIN SYSTEMS, INC. 401K PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01230
Total number of active participants reported on line 7a of the Form 55002022-01-01204
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0141
Total of all active and inactive participants2022-01-01245
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01245
Number of participants with account balances2022-01-01234
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SPIN SYSTEMS, INC. 401K PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01181
Total number of active participants reported on line 7a of the Form 55002021-01-01185
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0139
Total of all active and inactive participants2021-01-01224
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01224
Number of participants with account balances2021-01-01220
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SPIN SYSTEMS, INC. 401K PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01161
Total number of active participants reported on line 7a of the Form 55002020-01-01147
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0135
Total of all active and inactive participants2020-01-01182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01182
Number of participants with account balances2020-01-01181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2009: SPIN SYSTEMS, INC. 401K PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0149
Total number of active participants reported on line 7a of the Form 55002009-01-0133
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0129
Total of all active and inactive participants2009-01-0162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0162
Number of participants with account balances2009-01-0154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SPIN SYSTEMS, INC. 401K PLAN

Measure Date Value
2023 : SPIN SYSTEMS, INC. 401K PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$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$5,012,137
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$4,628,947
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$4,536,474
Value of total corrective distributions2023-12-31$4,035
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$2,454,993
Value of total assets at end of year2023-12-31$13,317,296
Value of total assets at beginning of year2023-12-31$12,934,106
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$88,438
Total interest from all sources2023-12-31$15,666
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$279,516
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$279,516
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$325,000
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$1,834,124
Participant contributions at end of year2023-12-31$159,128
Participant contributions at beginning of year2023-12-31$99,097
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$65,968
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-31$161
Other income not declared elsewhere2023-12-31$174
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$383,190
Value of net assets at end of year (total assets less liabilities)2023-12-31$13,317,296
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$12,934,106
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$45,056
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$12,748,077
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$12,134,738
Value of interest in pooled separate accounts at end of year2023-12-31$217,918
Value of interest in pooled separate accounts at beginning of year2023-12-31$221,007
Interest on participant loans2023-12-31$8,844
Interest earned on other investments2023-12-31$6,822
Value of interest in common/collective trusts at end of year2023-12-31$851
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$191,322
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$479,264
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$2,221,620
Net investment gain/loss from pooled separate accounts2023-12-31$40,124
Net investment gain or loss from common/collective trusts2023-12-31$44
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$554,901
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$4,536,313
Contract administrator fees2023-12-31$43,382
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 name2023-12-31ANGLIN REICHMANN ARMSTRONG, P.C.
Accountancy firm EIN2023-12-31631262841
2022 : SPIN SYSTEMS, INC. 401K PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$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$1,407,776
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$707,570
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$634,431
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,772,522
Value of total assets at end of year2022-12-31$12,934,106
Value of total assets at beginning of year2022-12-31$12,233,900
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$73,139
Total interest from all sources2022-12-31$12,535
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$228,910
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$228,910
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$325,000
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$1,908,356
Participant contributions at end of year2022-12-31$99,097
Participant contributions at beginning of year2022-12-31$140,482
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$1,279,488
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$700,206
Value of net assets at end of year (total assets less liabilities)2022-12-31$12,934,106
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$12,233,900
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
Investment advisory and management fees2022-12-31$37,925
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$12,134,738
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$11,572,339
Value of interest in pooled separate accounts at end of year2022-12-31$221,007
Value of interest in pooled separate accounts at beginning of year2022-12-31$215,374
Interest on participant loans2022-12-31$6,302
Interest earned on other investments2022-12-31$6,233
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$479,264
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$305,705
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,566,867
Net investment gain/loss from pooled separate accounts2022-12-31$-39,324
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$584,678
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$634,431
Contract administrator fees2022-12-31$35,214
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 name2022-12-31ANGLIN REICHMANN ARMSTRONG, P.C.
Accountancy firm EIN2022-12-31631262841
2021 : SPIN SYSTEMS, INC. 401K PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$4,419,761
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$764,021
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$715,368
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,000,194
Value of total assets at end of year2021-12-31$12,233,900
Value of total assets at beginning of year2021-12-31$8,578,160
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$48,653
Total interest from all sources2021-12-31$9,362
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$190,708
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$190,708
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$325,000
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$1,623,557
Participant contributions at end of year2021-12-31$140,482
Participant contributions at beginning of year2021-12-31$39,308
Participant contributions at beginning of year2021-12-31$51,560
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$861,214
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$3,655,740
Value of net assets at end of year (total assets less liabilities)2021-12-31$12,233,900
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$8,578,160
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
Investment advisory and management fees2021-12-31$35,544
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$11,572,339
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$8,018,134
Value of interest in pooled separate accounts at end of year2021-12-31$215,374
Value of interest in pooled separate accounts at beginning of year2021-12-31$154,097
Interest on participant loans2021-12-31$4,295
Interest earned on other investments2021-12-31$5,067
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$305,705
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$296,905
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,189,204
Net investment gain/loss from pooled separate accounts2021-12-31$30,293
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$515,423
Employer contributions (assets) at beginning of year2021-12-31$18,156
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$715,368
Contract administrator fees2021-12-31$13,109
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 name2021-12-31ANGLIN REICHMANN ARMSTRONG, P.C.
Accountancy firm EIN2021-12-31631262841
2020 : SPIN SYSTEMS, INC. 401K PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$0
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to 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$0
Total income from all sources (including contributions)2020-12-31$3,147,386
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$562,653
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$518,619
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,921,084
Value of total assets at end of year2020-12-31$8,578,160
Value of total assets at beginning of year2020-12-31$5,993,427
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$44,034
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$8,726
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$115,580
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$115,580
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$325,000
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
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$1,118,255
Participant contributions at end of year2020-12-31$39,308
Participant contributions at beginning of year2020-12-31$82,517
Participant contributions at end of year2020-12-31$51,560
Participant contributions at beginning of year2020-12-31$36,246
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$438,121
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$0
Administrative expenses (other) incurred2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$2,584,733
Value of net assets at end of year (total assets less liabilities)2020-12-31$8,578,160
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,993,427
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$0
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2020-12-31$0
Investment advisory and management fees2020-12-31$24,368
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$8,018,134
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$5,534,401
Value of interest in pooled separate accounts at end of year2020-12-31$154,097
Value of interest in pooled separate accounts at beginning of year2020-12-31$119,913
Interest on participant loans2020-12-31$3,922
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$4,804
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$296,905
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$207,073
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,082,622
Net investment gain/loss from pooled separate accounts2020-12-31$19,374
Net investment gain or loss from common/collective trusts2020-12-31$0
Net gain/loss from 103.12 investment entities2020-12-31$0
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$364,708
Employer contributions (assets) at end of year2020-12-31$18,156
Employer contributions (assets) at beginning of year2020-12-31$13,277
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$518,619
Contract administrator fees2020-12-31$19,666
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
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
Aggregate proceeds on sale of assets2020-12-31$0
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31ANGLIN REICHMANN ARMSTRONG PC
Accountancy firm EIN2020-12-31631262841
2009 : SPIN SYSTEMS, INC. 401K PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SPIN SYSTEMS, INC. 401K PLAN

2023: SPIN SYSTEMS, INC. 401K PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: SPIN SYSTEMS, INC. 401K PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SPIN SYSTEMS, INC. 401K PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
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: SPIN SYSTEMS, INC. 401K PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2009: SPIN SYSTEMS, INC. 401K PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered206
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number718539
Policy instance 2
Insurance contract or identification number718539
Number of Individuals Covered206
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered245
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number718539
Policy instance 2
Insurance contract or identification number718539
Number of Individuals Covered245
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered224
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number718539
Policy instance 2
Insurance contract or identification number718539
Number of Individuals Covered224
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered182
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number718539
Policy instance 2
Insurance contract or identification number718539
Number of Individuals Covered182
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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