SHERRILL, INC. has sponsored the creation of one or more 401k plans.
Additional information about SHERRILL, INC.
Submission information for form 5500 for 401k plan SHERRILL, INC. 401(K) PROFIT SHARING PLAN & TRUST
| Measure | Date | Value |
|---|
| 2024 : SHERRILL, INC. 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2024-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2024-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2024-01-01 | $0 |
| Total income from all sources (including contributions) | 2024-01-01 | $2,877,416 |
| Total loss/gain on sale of assets | 2024-01-01 | $0 |
| Total of all expenses incurred | 2024-01-01 | $1,322,893 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2024-01-01 | $1,225,412 |
| Value of total corrective distributions | 2024-01-01 | $28,558 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2024-01-01 | $1,453,482 |
| Value of total assets at end of year | 2024-01-01 | $12,181,214 |
| Value of total assets at beginning of year | 2024-01-01 | $10,626,691 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2024-01-01 | $68,923 |
| Total interest from all sources | 2024-01-01 | $10,269 |
| Total dividends received (eg from common stock, registered investment company shares) | 2024-01-01 | $201,899 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2024-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2024-01-01 | $201,899 |
| Was this plan covered by a fidelity bond | 2024-01-01 | Yes |
| Value of fidelity bond cover | 2024-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2024-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2024-01-01 | No |
| Contributions received from participants | 2024-01-01 | $979,001 |
| Participant contributions at end of year | 2024-01-01 | $174,208 |
| Participant contributions at beginning of year | 2024-01-01 | $80,257 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2024-01-01 | No |
| Value of net income/loss | 2024-01-01 | $1,554,523 |
| Value of net assets at end of year (total assets less liabilities) | 2024-01-01 | $12,181,214 |
| Value of net assets at beginning of year (total assets less liabilities) | 2024-01-01 | $10,626,691 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2024-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2024-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2024-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2024-01-01 | $11,843,912 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2024-01-01 | $10,016,610 |
| Interest on participant loans | 2024-01-01 | $7,910 |
| Interest earned on other investments | 2024-01-01 | $2,359 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2024-01-01 | $163,094 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2024-01-01 | $148,913 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2024-01-01 | $1,211,766 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2024-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2024-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2024-01-01 | No |
| Contributions received in cash from employer | 2024-01-01 | $474,481 |
| Employer contributions (assets) at end of year | 2024-01-01 | $0 |
| Employer contributions (assets) at beginning of year | 2024-01-01 | $380,911 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2024-01-01 | $1,225,412 |
| Did the plan have assets held for investment | 2024-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2024-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2024-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2024-01-01 | 1 |
| Accountancy firm name | 2024-01-01 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2024-01-01 | 205907591 |
| 2023 : SHERRILL, INC. 401(K) PROFIT SHARING PLAN & TRUST 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $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 | $2,920,079 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $531,028 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $474,147 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $1,451,553 |
| Value of total assets at end of year | 2023-12-31 | $10,626,691 |
| Value of total assets at beginning of year | 2023-12-31 | $8,237,640 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $56,881 |
| Total interest from all sources | 2023-12-31 | $170,061 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $960,084 |
| Participant contributions at end of year | 2023-12-31 | $80,257 |
| Participant contributions at beginning of year | 2023-12-31 | $83,992 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $110,558 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $2,389,051 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $10,626,691 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $8,237,640 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $10,016,610 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $7,448,877 |
| Interest on participant loans | 2023-12-31 | $4,656 |
| Interest earned on other investments | 2023-12-31 | $165,405 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $148,913 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $283,553 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $1,298,465 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $380,911 |
| Employer contributions (assets) at end of year | 2023-12-31 | $380,911 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $421,218 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $474,147 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2023-12-31 | 205907591 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $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 | $2,920,079 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $531,028 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $474,147 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $1,451,553 |
| Value of total assets at end of year | 2023-01-01 | $10,626,691 |
| Value of total assets at beginning of year | 2023-01-01 | $8,237,640 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $56,881 |
| Total interest from all sources | 2023-01-01 | $170,061 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $960,084 |
| Participant contributions at end of year | 2023-01-01 | $80,257 |
| Participant contributions at beginning of year | 2023-01-01 | $83,992 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $110,558 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $2,389,051 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $10,626,691 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $8,237,640 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $10,016,610 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $7,448,877 |
| Interest on participant loans | 2023-01-01 | $4,656 |
| Interest earned on other investments | 2023-01-01 | $165,405 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $148,913 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $283,553 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $1,298,465 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $380,911 |
| Employer contributions (assets) at end of year | 2023-01-01 | $380,911 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $421,218 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $474,147 |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2023-01-01 | 205907591 |
| 2022 : SHERRILL, INC. 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $83,649 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $806,364 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $759,650 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,370,946 |
| Value of total assets at end of year | 2022-12-31 | $8,237,640 |
| Value of total assets at beginning of year | 2022-12-31 | $8,960,355 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $46,714 |
| Total interest from all sources | 2022-12-31 | $116,359 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $940,337 |
| Participant contributions at end of year | 2022-12-31 | $83,992 |
| Participant contributions at beginning of year | 2022-12-31 | $96,782 |
| Participant contributions at end of year | 2022-12-31 | $0 |
| Participant contributions at beginning of year | 2022-12-31 | $33,257 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $6,349 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-722,715 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $8,237,640 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $8,960,355 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $7,448,877 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $0 |
| Interest on participant loans | 2022-12-31 | $4,440 |
| Interest earned on other investments | 2022-12-31 | $111,919 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $8,232,836 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $283,553 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $202,361 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $-1,403,656 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $424,260 |
| Employer contributions (assets) at end of year | 2022-12-31 | $421,218 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $395,119 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $759,650 |
| Contract administrator fees | 2022-12-31 | $46,714 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2022-12-31 | 205907591 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $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 | $83,649 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $806,364 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $759,650 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $1,370,946 |
| Value of total assets at end of year | 2022-01-01 | $8,237,640 |
| Value of total assets at beginning of year | 2022-01-01 | $8,960,355 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $46,714 |
| Total interest from all sources | 2022-01-01 | $116,359 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $940,337 |
| Participant contributions at end of year | 2022-01-01 | $83,992 |
| Participant contributions at beginning of year | 2022-01-01 | $96,782 |
| Participant contributions at end of year | 2022-01-01 | $0 |
| Participant contributions at beginning of year | 2022-01-01 | $33,257 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $6,349 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-722,715 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $8,237,640 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $8,960,355 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $7,448,877 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $0 |
| Interest on participant loans | 2022-01-01 | $4,440 |
| Interest earned on other investments | 2022-01-01 | $111,919 |
| Value of interest in common/collective trusts at end of year | 2022-01-01 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2022-01-01 | $8,232,836 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-01-01 | $283,553 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-01-01 | $202,361 |
| Net investment gain or loss from common/collective trusts | 2022-01-01 | $-1,403,656 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $424,260 |
| Employer contributions (assets) at end of year | 2022-01-01 | $421,218 |
| Employer contributions (assets) at beginning of year | 2022-01-01 | $395,119 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $759,650 |
| Contract administrator fees | 2022-01-01 | $46,714 |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2022-01-01 | 205907591 |
| 2021 : SHERRILL, INC. 401(K) PROFIT SHARING PLAN & TRUST 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total income from all sources (including contributions) | 2021-12-31 | $2,219,562 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $792,297 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $706,909 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,210,760 |
| Value of total assets at end of year | 2021-12-31 | $8,960,355 |
| Value of total assets at beginning of year | 2021-12-31 | $7,533,090 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $85,388 |
| Total interest from all sources | 2021-12-31 | $3,748 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $248,096 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $248,096 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $795,459 |
| Participant contributions at end of year | 2021-12-31 | $96,782 |
| Participant contributions at beginning of year | 2021-12-31 | $65,588 |
| Participant contributions at end of year | 2021-12-31 | $33,257 |
| Participant contributions at beginning of year | 2021-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $25,240 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $1,427,265 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $8,960,355 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $7,533,090 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $6,945,681 |
| Interest on participant loans | 2021-12-31 | $3,748 |
| Value of interest in common/collective trusts at end of year | 2021-12-31 | $8,232,836 |
| Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $202,361 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $205,770 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $756,958 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $390,061 |
| Employer contributions (assets) at end of year | 2021-12-31 | $395,119 |
| Employer contributions (assets) at beginning of year | 2021-12-31 | $316,051 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $706,909 |
| Contract administrator fees | 2021-12-31 | $85,388 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2021-12-31 | 205907591 |
| 2020 : SHERRILL, INC. 401(K) PROFIT SHARING PLAN & TRUST 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
| Total transfer of assets to this plan | 2020-12-31 | $2,371,280 |
| 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 | $2,171,143 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $864,190 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $792,730 |
| Value of total corrective distributions | 2020-12-31 | $25,694 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,042,426 |
| Value of total assets at end of year | 2020-12-31 | $7,533,090 |
| Value of total assets at beginning of year | 2020-12-31 | $3,854,857 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $45,766 |
| Total interest from all sources | 2020-12-31 | $5,644 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $434,232 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $434,232 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $663,575 |
| Participant contributions at end of year | 2020-12-31 | $65,588 |
| Participant contributions at beginning of year | 2020-12-31 | $30,915 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $47,800 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $1,306,953 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $7,533,090 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $3,854,857 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $6,945,681 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $442,222 |
| Value of interest in pooled separate accounts at end of year | 2020-12-31 | $0 |
| Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $130,508 |
| Interest on participant loans | 2020-12-31 | $3,146 |
| Interest earned on other investments | 2020-12-31 | $2,498 |
| Value of interest in common/collective trusts at end of year | 2020-12-31 | $0 |
| Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $3,031,357 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $205,770 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $74,751 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $1,175,764 |
| Net investment gain/loss from pooled separate accounts | 2020-12-31 | $-30,456 |
| Net investment gain or loss from common/collective trusts | 2020-12-31 | $-456,467 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $331,051 |
| Employer contributions (assets) at end of year | 2020-12-31 | $316,051 |
| Employer contributions (assets) at beginning of year | 2020-12-31 | $145,104 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $792,730 |
| Contract administrator fees | 2020-12-31 | $45,766 |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
| Accountancy firm name | 2020-12-31 | SMITH LEONARD PLLC |
| Accountancy firm EIN | 2020-12-31 | 205907591 |
