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ACTS BARGAINED EMPLOYEES 401(K) PLAN 401k Plan overview

Plan NameACTS BARGAINED EMPLOYEES 401(K) PLAN
Plan identification number 002

ACTS BARGAINED EMPLOYEES 401(K) 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ACTS AVIATION SECURITY, INC. has sponsored the creation of one or more 401k plans.

Company Name:ACTS AVIATION SECURITY, INC.
Employer identification number (EIN):621870344
NAIC Classification:561600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ACTS BARGAINED EMPLOYEES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022019-01-01
0022018-01-01
0022017-08-09STEVE FORMAN

Plan Statistics for ACTS BARGAINED EMPLOYEES 401(K) PLAN

401k plan membership statisitcs for ACTS BARGAINED EMPLOYEES 401(K) PLAN

Measure Date Value
2022: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01672
Total number of active participants reported on line 7a of the Form 55002022-01-01681
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0176
Total of all active and inactive participants2022-01-01758
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-013
Total participants2022-01-01761
Number of participants with account balances2022-01-01260
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01516
Total number of active participants reported on line 7a of the Form 55002021-01-01600
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-0167
Total of all active and inactive participants2021-01-01668
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-012
Total participants2021-01-01670
Number of participants with account balances2021-01-01241
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01784
Total number of active participants reported on line 7a of the Form 55002020-01-01464
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0150
Total of all active and inactive participants2020-01-01514
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-012
Total participants2020-01-01516
Number of participants with account balances2020-01-01210
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01840
Total number of active participants reported on line 7a of the Form 55002019-01-01749
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0133
Total of all active and inactive participants2019-01-01782
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-012
Total participants2019-01-01784
Number of participants with account balances2019-01-01186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01803
Total number of active participants reported on line 7a of the Form 55002018-01-01822
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0117
Total of all active and inactive participants2018-01-01839
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01839
Number of participants with account balances2018-01-01157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-08-090
Total number of active participants reported on line 7a of the Form 55002017-08-09792
Number of retired or separated participants receiving benefits2017-08-090
Number of other retired or separated participants entitled to future benefits2017-08-093
Total of all active and inactive participants2017-08-09795
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-08-090
Total participants2017-08-09795
Number of participants with account balances2017-08-09136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-08-090

Financial Data on ACTS BARGAINED EMPLOYEES 401(K) PLAN

Measure Date Value
2022 : ACTS BARGAINED EMPLOYEES 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$535,760
Total of all expenses incurred2022-12-31$247,351
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$226,388
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$894,164
Value of total assets at end of year2022-12-31$3,120,775
Value of total assets at beginning of year2022-12-31$2,832,366
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$20,963
Total interest from all sources2022-12-31$10,678
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$44,867
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$44,867
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$3,000,000
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$581,544
Participant contributions at end of year2022-12-31$74,151
Participant contributions at beginning of year2022-12-31$104,071
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$127,666
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$140
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$352
Administrative expenses (other) incurred2022-12-31$20,963
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$288,409
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,120,775
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,832,366
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$2,347,057
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$2,302,273
Interest on participant loans2022-12-31$3,823
Interest earned on other investments2022-12-31$6,855
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$699,427
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$425,670
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-413,949
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$184,954
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$226,388
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
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 name2022-12-31ANDERS MINKLER HUBER & HELM LLP
Accountancy firm EIN2022-12-31430831507
2021 : ACTS BARGAINED EMPLOYEES 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$840,003
Total of all expenses incurred2021-12-31$150,414
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$109,639
Expenses. Certain deemed distributions of participant loans2021-12-31$17,030
Value of total corrective distributions2021-12-31$7,339
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$557,968
Value of total assets at end of year2021-12-31$2,832,366
Value of total assets at beginning of year2021-12-31$2,142,777
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$16,406
Total interest from all sources2021-12-31$8,203
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$34,383
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$34,383
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$3,000,000
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$415,879
Participant contributions at end of year2021-12-31$104,071
Participant contributions at beginning of year2021-12-31$83,343
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$954
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$352
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$783
Administrative expenses (other) incurred2021-12-31$16,406
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$689,589
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,832,366
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$2,142,777
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$2,302,273
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$1,700,606
Interest on participant loans2021-12-31$3,938
Interest earned on other investments2021-12-31$4,265
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$425,670
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$358,045
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$239,449
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$141,135
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$109,639
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
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 name2021-12-31ANDERS MINKLER HUBER & HELM LLP
Accountancy firm EIN2021-12-31430831507
2020 : ACTS BARGAINED EMPLOYEES 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$583,614
Total of all expenses incurred2020-12-31$428,385
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$387,817
Expenses. Certain deemed distributions of participant loans2020-12-31$27,403
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$358,839
Value of total assets at end of year2020-12-31$2,142,777
Value of total assets at beginning of year2020-12-31$1,987,548
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$13,165
Total interest from all sources2020-12-31$8,552
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$35,203
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$35,203
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$3,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$253,008
Participant contributions at end of year2020-12-31$83,343
Participant contributions at beginning of year2020-12-31$80,591
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$8,662
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$783
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$111
Administrative expenses (other) incurred2020-12-31$13,165
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$155,229
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,142,777
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$1,987,548
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$1,700,606
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$1,569,182
Interest on participant loans2020-12-31$4,283
Interest earned on other investments2020-12-31$4,269
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$358,045
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$337,664
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$181,020
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 contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$97,169
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$387,817
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31SUMMIT CPA GROUP
Accountancy firm EIN2020-12-31113730017
2019 : ACTS BARGAINED EMPLOYEES 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$801,978
Total income from all sources (including contributions)2019-12-31$801,978
Total of all expenses incurred2019-12-31$93,021
Total of all expenses incurred2019-12-31$93,021
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$81,493
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$81,493
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$553,027
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$553,027
Value of total assets at end of year2019-12-31$1,987,548
Value of total assets at end of year2019-12-31$1,987,548
Value of total assets at beginning of year2019-12-31$1,278,591
Value of total assets at beginning of year2019-12-31$1,278,591
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$11,528
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$11,528
Total interest from all sources2019-12-31$8,128
Total interest from all sources2019-12-31$8,128
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$32,544
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$32,544
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$32,544
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$32,544
Was this plan covered by a fidelity bond2019-12-31No
Was this plan covered by a fidelity bond2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$387,713
Contributions received from participants2019-12-31$387,713
Participant contributions at end of year2019-12-31$80,591
Participant contributions at end of year2019-12-31$80,591
Participant contributions at beginning of year2019-12-31$89,206
Participant contributions at beginning of year2019-12-31$89,206
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$27,813
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$27,813
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$111
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$111
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Administrative expenses (other) incurred2019-12-31$11,528
Administrative expenses (other) incurred2019-12-31$11,528
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$708,957
Value of net income/loss2019-12-31$708,957
Value of net assets at end of year (total assets less liabilities)2019-12-31$1,987,548
Value of net assets at end of year (total assets less liabilities)2019-12-31$1,987,548
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,278,591
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,278,591
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$1,569,182
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$1,569,182
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$962,891
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$962,891
Interest on participant loans2019-12-31$4,693
Interest on participant loans2019-12-31$4,693
Interest earned on other investments2019-12-31$3,435
Interest earned on other investments2019-12-31$3,435
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$337,664
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$337,664
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$226,494
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$226,494
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$208,279
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$208,279
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$137,501
Contributions received in cash from employer2019-12-31$137,501
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$81,493
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$81,493
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31SUMMIT CPA GROUP
Accountancy firm name2019-12-31SUMMIT CPA GROUP
Accountancy firm EIN2019-12-31113730017
Accountancy firm EIN2019-12-31113730017
2018 : ACTS BARGAINED EMPLOYEES 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$548,804
Total of all expenses incurred2018-12-31$65,158
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$57,071
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$582,234
Value of total assets at end of year2018-12-31$1,278,591
Value of total assets at beginning of year2018-12-31$794,945
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$8,087
Total interest from all sources2018-12-31$3,994
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$20,792
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$20,792
Was this plan covered by a fidelity bond2018-12-31No
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$296,038
Participant contributions at end of year2018-12-31$89,206
Participant contributions at beginning of year2018-12-31$45,868
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$173,879
Administrative expenses (other) incurred2018-12-31$8,087
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$483,646
Value of net assets at end of year (total assets less liabilities)2018-12-31$1,278,591
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$794,945
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$962,891
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$604,477
Interest on participant loans2018-12-31$2,154
Interest earned on other investments2018-12-31$1,840
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$226,494
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$144,600
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-58,216
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$112,317
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$57,071
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31SUMMIT CPA GROUP
Accountancy firm EIN2018-12-31113730017
2017 : ACTS BARGAINED EMPLOYEES 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$796,407
Total of all expenses incurred2017-12-31$1,462
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$773,546
Value of total assets at end of year2017-12-31$794,945
Value of total assets at beginning of year2017-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,462
Total interest from all sources2017-12-31$592
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$4,414
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$4,414
Was this plan covered by a fidelity bond2017-12-31No
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$87,749
Participant contributions at end of year2017-12-31$45,868
Participant contributions at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$654,058
Administrative expenses (other) incurred2017-12-31$1,462
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$794,945
Value of net assets at end of year (total assets less liabilities)2017-12-31$794,945
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$604,477
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$0
Interest on participant loans2017-12-31$264
Interest earned on other investments2017-12-31$328
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$144,600
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$17,855
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$31,739
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No

Form 5500 Responses for ACTS BARGAINED EMPLOYEES 401(K) PLAN

2022: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
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: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
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: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedYes
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: ACTS BARGAINED EMPLOYEES 401(K) PLAN 2017 form 5500 responses
2017-08-09Type of plan entitySingle employer plan
2017-08-09First time form 5500 has been submittedYes
2017-08-09This return/report is a short plan year return/report (less than 12 months)Yes
2017-08-09Plan funding arrangement – InsuranceYes
2017-08-09Plan funding arrangement – TrustYes
2017-08-09Plan benefit arrangement – InsuranceYes
2017-08-09Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512951
Policy instance 1
Insurance contract or identification number512951
Number of Individuals Covered260
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512951
Policy instance 1
Insurance contract or identification number512951
Number of Individuals Covered241
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512951
Policy instance 1
Insurance contract or identification number512951
Number of Individuals Covered210
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512951
Policy instance 1
Insurance contract or identification number512951
Number of Individuals Covered186
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512951
Policy instance 1
Insurance contract or identification number512951
Number of Individuals Covered157
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
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
TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number512951
Policy instance 1
Insurance contract or identification number512951
Number of Individuals Covered136
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

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