THE VINCIT COMPANY, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE VINCIT COMPANY, LLC 401(K) PLAN
| Measure | Date | Value |
|---|
| 2023 : THE VINCIT COMPANY, LLC 401(K) PLAN 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 | $183,336 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $183,336 |
| Total income from all sources (including contributions) | 2023-12-31 | $4,996,399 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $1,368,028 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $1,210,184 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $2,388,699 |
| Value of total assets at end of year | 2023-12-31 | $17,464,630 |
| Value of total assets at beginning of year | 2023-12-31 | $13,836,259 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $157,844 |
| Total interest from all sources | 2023-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $349,854 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $349,854 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $2,000,000 |
| 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 | $1,441,498 |
| Participant contributions at end of year | 2023-12-31 | $58,137 |
| Participant contributions at beginning of year | 2023-12-31 | $51,549 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $458,334 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2023-12-31 | $183,336 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-12-31 | $183,336 |
| 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 | $3,628,371 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $17,281,294 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $13,652,923 |
| 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 | $16,453,147 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $13,399,720 |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $29,806 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $25,997 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $434,673 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $50,266 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $2,257,846 |
| 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 | Yes |
| 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 | $488,867 |
| Employer contributions (assets) at end of year | 2023-12-31 | $488,867 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $308,727 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $1,210,184 |
| Contract administrator fees | 2023-12-31 | $157,844 |
| 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 | LBMC, PC |
| Accountancy firm EIN | 2023-12-31 | 621199757 |
| 2022 : THE VINCIT COMPANY, LLC 401(K) PLAN 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 | $183,336 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $106,839 |
| Total income from all sources (including contributions) | 2022-12-31 | $-811,166 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $948,874 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $805,231 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,858,576 |
| Value of total assets at end of year | 2022-12-31 | $13,836,259 |
| Value of total assets at beginning of year | 2022-12-31 | $15,519,802 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $143,643 |
| Total interest from all sources | 2022-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $257,296 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $257,296 |
| Administrative expenses professional fees incurred | 2022-12-31 | $21,722 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $2,000,000 |
| 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 | $1,168,013 |
| Participant contributions at end of year | 2022-12-31 | $51,549 |
| Participant contributions at beginning of year | 2022-12-31 | $22,391 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $381,836 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $183,336 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $106,839 |
| Total non interest bearing cash at end of year | 2022-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-1,760,040 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $13,652,923 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $15,412,963 |
| 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 |
| Investment advisory and management fees | 2022-12-31 | $13,059 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $13,399,720 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $14,876,000 |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $25,997 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $7,751 |
| Interest earned on other investments | 2022-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $50,266 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $386,540 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-2,923,362 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-3,676 |
| 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 | Yes |
| 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 | $308,727 |
| Employer contributions (assets) at end of year | 2022-12-31 | $308,727 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $227,120 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $805,231 |
| Contract administrator fees | 2022-12-31 | $108,862 |
| 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 | LBMC, PC |
| Accountancy firm EIN | 2022-12-31 | 621199757 |
