FOREVER MEDIA, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FOREVER MEDIA, INC. GROUP MEDICAL PLAN (502)
| Measure | Date | Value |
|---|
| 2024 : FOREVER MEDIA, INC. GROUP MEDICAL PLAN (502) 2024 401k financial data |
|---|
| Total plan liabilities at end of year | 2024-06-30 | $109,040 |
| Total plan liabilities at beginning of year | 2024-06-30 | $106,833 |
| Total income from all sources | 2024-06-30 | $1,120,650 |
| Expenses. Total of all expenses incurred | 2024-06-30 | $1,095,380 |
| Benefits paid (including direct rollovers) | 2024-06-30 | $691,659 |
| Total plan assets at end of year | 2024-06-30 | $770,827 |
| Total plan assets at beginning of year | 2024-06-30 | $743,350 |
| Value of fidelity bond covering the plan | 2024-06-30 | $500,000 |
| Total contributions received or receivable from participants | 2024-06-30 | $457,775 |
| Expenses. Other expenses not covered elsewhere | 2024-06-30 | $374,167 |
| Contributions received from other sources (not participants or employers) | 2024-06-30 | $3,280 |
| Other income received | 2024-06-30 | $20,318 |
| Net income (gross income less expenses) | 2024-06-30 | $25,270 |
| Net plan assets at end of year (total assets less liabilities) | 2024-06-30 | $661,787 |
| Net plan assets at beginning of year (total assets less liabilities) | 2024-06-30 | $636,517 |
| Total contributions received or receivable from employer(s) | 2024-06-30 | $639,277 |
| Value of corrective distributions | 2024-06-30 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2024-06-30 | $29,554 |
| 2023 : FOREVER MEDIA, INC. GROUP MEDICAL PLAN (502) 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-06-30 | $106,833 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-06-30 | $79,967 |
| Total income from all sources (including contributions) | 2023-06-30 | $1,539,864 |
| Total loss/gain on sale of assets | 2023-06-30 | $0 |
| Total of all expenses incurred | 2023-06-30 | $1,256,777 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-06-30 | $779,422 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-06-30 | $1,534,643 |
| Value of total assets at end of year | 2023-06-30 | $743,350 |
| Value of total assets at beginning of year | 2023-06-30 | $433,397 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-06-30 | $477,355 |
| Total interest from all sources | 2023-06-30 | $5,221 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-06-30 | No |
| Was this plan covered by a fidelity bond | 2023-06-30 | Yes |
| Value of fidelity bond cover | 2023-06-30 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-06-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-06-30 | No |
| Contributions received from participants | 2023-06-30 | $640,935 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-06-30 | $14,988 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-06-30 | $11,255 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-06-30 | $44,201 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-06-30 | $79,967 |
| Administrative expenses (other) incurred | 2023-06-30 | $410,873 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-06-30 | No |
| Value of net income/loss | 2023-06-30 | $283,087 |
| Value of net assets at end of year (total assets less liabilities) | 2023-06-30 | $636,517 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-06-30 | $353,430 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-06-30 | No |
| Investment advisory and management fees | 2023-06-30 | $24,978 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-06-30 | $728,362 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-06-30 | $422,142 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-06-30 | $422,142 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-06-30 | $5,221 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2023-06-30 | $779,422 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-06-30 | No |
| Contributions received in cash from employer | 2023-06-30 | $893,708 |
| Contract administrator fees | 2023-06-30 | $41,504 |
| Liabilities. Value of benefit claims payable at end of year | 2023-06-30 | $62,632 |
| Liabilities. Value of benefit claims payable at beginning of year | 2023-06-30 | $0 |
| Did the plan have assets held for investment | 2023-06-30 | 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 | 2023-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-06-30 | Unqualified |
| Accountancy firm name | 2023-06-30 | YOUNG OAKES BROWN & CO PC |
| Accountancy firm EIN | 2023-06-30 | 251589048 |
| 2022 : FOREVER MEDIA, INC. GROUP MEDICAL PLAN (502) 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-07-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-07-01 | $106,833 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-07-01 | $79,967 |
| Total income from all sources (including contributions) | 2022-07-01 | $1,539,864 |
| Total loss/gain on sale of assets | 2022-07-01 | $0 |
| Total of all expenses incurred | 2022-07-01 | $1,256,777 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-07-01 | $779,422 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-07-01 | $1,534,643 |
| Value of total assets at end of year | 2022-07-01 | $743,350 |
| Value of total assets at beginning of year | 2022-07-01 | $433,397 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-07-01 | $477,355 |
| Total interest from all sources | 2022-07-01 | $5,221 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-07-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-07-01 | No |
| Was this plan covered by a fidelity bond | 2022-07-01 | Yes |
| Value of fidelity bond cover | 2022-07-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-07-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-07-01 | No |
| Contributions received from participants | 2022-07-01 | $640,935 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-07-01 | $14,988 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-07-01 | $11,255 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-07-01 | $44,201 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-07-01 | $79,967 |
| Administrative expenses (other) incurred | 2022-07-01 | $410,873 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-07-01 | No |
| Value of net income/loss | 2022-07-01 | $283,087 |
| Value of net assets at end of year (total assets less liabilities) | 2022-07-01 | $636,517 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-07-01 | $353,430 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-07-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-07-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-07-01 | No |
| Investment advisory and management fees | 2022-07-01 | $24,978 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-07-01 | $728,362 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-07-01 | $5,221 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-07-01 | $779,422 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-07-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-07-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-07-01 | No |
| Contributions received in cash from employer | 2022-07-01 | $893,708 |
| Contract administrator fees | 2022-07-01 | $41,504 |
| Liabilities. Value of benefit claims payable at end of year | 2022-07-01 | $62,632 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-07-01 | $0 |
| Did the plan have assets held for investment | 2022-07-01 | 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 | 2022-07-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-07-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-07-01 | 1 |
| Accountancy firm name | 2022-07-01 | YOUNG OAKES BROWN & CO PC |
| Accountancy firm EIN | 2022-07-01 | 251589048 |
| Total unrealized appreciation/depreciation of assets | 2022-06-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $79,967 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
| Total income from all sources (including contributions) | 2022-06-30 | $1,655,753 |
| Total loss/gain on sale of assets | 2022-06-30 | $0 |
| Total of all expenses incurred | 2022-06-30 | $1,302,323 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-06-30 | $787,000 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-06-30 | $1,655,098 |
| Value of total assets at end of year | 2022-06-30 | $433,397 |
| Value of total assets at beginning of year | 2022-06-30 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-06-30 | $515,323 |
| Total interest from all sources | 2022-06-30 | $655 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-06-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-06-30 | No |
| Was this plan covered by a fidelity bond | 2022-06-30 | Yes |
| Value of fidelity bond cover | 2022-06-30 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-06-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-06-30 | No |
| Contributions received from participants | 2022-06-30 | $719,339 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-06-30 | $11,255 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-06-30 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-06-30 | $79,967 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-06-30 | $0 |
| Administrative expenses (other) incurred | 2022-06-30 | $442,522 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-06-30 | No |
| Value of net income/loss | 2022-06-30 | $353,430 |
| Value of net assets at end of year (total assets less liabilities) | 2022-06-30 | $353,430 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-06-30 | $0 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-06-30 | No |
| Investment advisory and management fees | 2022-06-30 | $29,927 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-06-30 | $422,142 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-06-30 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-06-30 | $0 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-06-30 | $655 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-06-30 | $787,000 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-06-30 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-06-30 | No |
| Contributions received in cash from employer | 2022-06-30 | $935,759 |
| Contract administrator fees | 2022-06-30 | $42,874 |
| Did the plan have assets held for investment | 2022-06-30 | 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 | 2022-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-06-30 | Unqualified |
| Accountancy firm name | 2022-06-30 | YOUNG OAKES BROWN & CO PC |
| Accountancy firm EIN | 2022-06-30 | 251589048 |
