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DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameDIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 002

DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

DIRECTAPPS, INC. DBA DIRECT TECHNOLOGY has sponsored the creation of one or more 401k plans.

Company Name:DIRECTAPPS, INC. DBA DIRECT TECHNOLOGY
Employer identification number (EIN):680368956
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Additional information about DIRECTAPPS, INC. DBA DIRECT TECHNOLOGY

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2562450

More information about DIRECTAPPS, INC. DBA DIRECT TECHNOLOGY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-08-01
0022010-01-01FEDERICO MICHANIE2011-07-12
0022009-01-01DIRECTAPPS INC

Plan Statistics for DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2023: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2023 401k membership
Total participants, beginning-of-year2023-01-01789
Total number of active participants reported on line 7a of the Form 55002023-01-010
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-010
Number of participants with account balances2023-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-011,057
Total number of active participants reported on line 7a of the Form 55002022-01-01584
Number of other retired or separated participants entitled to future benefits2022-01-01205
Total of all active and inactive participants2022-01-01789
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01789
Number of participants with account balances2022-01-01352
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-01844
Total number of active participants reported on line 7a of the Form 55002021-01-01847
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01197
Total of all active and inactive participants2021-01-011,044
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-011,044
Number of participants with account balances2021-01-01550
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-01753
Total number of active participants reported on line 7a of the Form 55002020-01-01679
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01155
Total of all active and inactive participants2020-01-01834
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01834
Number of participants with account balances2020-01-01475
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-01604
Total number of active participants reported on line 7a of the Form 55002019-01-01658
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0199
Total of all active and inactive participants2019-01-01757
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01757
Number of participants with account balances2019-01-01389
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2018 401k membership
Total participants, beginning-of-year2018-08-01399
Total number of active participants reported on line 7a of the Form 55002018-08-01414
Number of retired or separated participants receiving benefits2018-08-010
Number of other retired or separated participants entitled to future benefits2018-08-01131
Total of all active and inactive participants2018-08-01545
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-08-010
Total participants2018-08-01545
Number of participants with account balances2018-08-01389
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-08-010
2009: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01107
Total number of active participants reported on line 7a of the Form 55002009-01-0179
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0114
Total of all active and inactive participants2009-01-0193
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0193
Number of participants with account balances2009-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2023 : DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2023 401k financial data
Unrealized appreciation/depreciation of real estate assets2023-12-14$0
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-14$0
Total unrealized appreciation/depreciation of assets2023-12-14$0
Total transfer of assets to this plan2023-12-14$0
Total transfer of assets from this plan2023-12-14$16,748,757
Expenses. Interest paid2023-12-14$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022023-12-14$0
Total income from all sources (including contributions)2023-12-14$3,035,943
Total loss/gain on sale of assets2023-12-14$0
Total of all expenses incurred2023-12-14$3,707,378
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-14$3,618,918
Expenses. Certain deemed distributions of participant loans2023-12-14$0
Value of total corrective distributions2023-12-14$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-14$448,752
Value of total assets at end of year2023-12-14$0
Value of total assets at beginning of year2023-12-14$17,420,192
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-14$88,460
Total income from rents2023-12-14$0
Total interest from all sources2023-12-14$13,090
Total dividends received (eg from common stock, registered investment company shares)2023-12-14$82,384
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-14Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2023-12-14$0
Total dividends received from registered investment company shares (eg mutual funds)2023-12-14$82,384
Was this plan covered by a fidelity bond2023-12-14Yes
Value of fidelity bond cover2023-12-14$500,000
If this is an individual account plan, was there a blackout period2023-12-14Yes
Were there any nonexempt tranactions with any party-in-interest2023-12-14No
Contributions received from participants2023-12-14$448,752
Participant contributions at end of year2023-12-14$0
Participant contributions at beginning of year2023-12-14$0
Participant contributions at end of year2023-12-14$0
Participant contributions at beginning of year2023-12-14$3,569
Income. Received or receivable in cash from other sources (including rollovers)2023-12-14$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-14$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-14$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-14$0
Other income not declared elsewhere2023-12-14$0
Administrative expenses (other) incurred2023-12-14$0
Total non interest bearing cash at end of year2023-12-14$0
Total non interest bearing cash at beginning of year2023-12-14$44
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-14No
Income. Non cash contributions2023-12-14$0
Value of net income/loss2023-12-14$-671,435
Value of net assets at end of year (total assets less liabilities)2023-12-14$0
Value of net assets at beginning of year (total assets less liabilities)2023-12-14$17,420,192
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-14No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-14No
Were any leases to which the plan was party in default or uncollectible2023-12-14No
Investment advisory and management fees2023-12-14$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-14$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-14$16,900,512
Interest on participant loans2023-12-14$7,318
Income. Interest from loans (other than to participants)2023-12-14$0
Interest earned on other investments2023-12-14$0
Income. Interest from US Government securities2023-12-14$0
Income. Interest from corporate debt instruments2023-12-14$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-14$5,772
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-14$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-14$493,971
Expenses. Payments to insurance carriers foe the provision of benefits2023-12-14$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-14$2,491,717
Net investment gain/loss from pooled separate accounts2023-12-14$0
Net investment gain or loss from common/collective trusts2023-12-14$0
Net gain/loss from 103.12 investment entities2023-12-14$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-14No
Was there a failure to transmit to the plan any participant contributions2023-12-14No
Has the plan failed to provide any benefit when due under the plan2023-12-14No
Contributions received in cash from employer2023-12-14$0
Employer contributions (assets) at end of year2023-12-14$0
Employer contributions (assets) at beginning of year2023-12-14$22,096
Income. Dividends from preferred stock2023-12-14$0
Income. Dividends from common stock2023-12-14$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-14$3,618,918
Contract administrator fees2023-12-14$88,460
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-14Yes
Did the plan have assets held for investment2023-12-14No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-14No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-14Yes
Aggregate proceeds on sale of assets2023-12-14$0
Aggregate carrying amount (costs) on sale of assets2023-12-14$0
Opinion of an independent qualified public accountant for this plan2023-12-14Unqualified
Accountancy firm name2023-12-14LEE CPA AUDIT GROUP
Accountancy firm EIN2023-12-14814637885
2022 : DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-2,708,558
Total of all expenses incurred2022-12-31$12,368,389
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$12,246,130
Expenses. Certain deemed distributions of participant loans2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,876,257
Value of total assets at end of year2022-12-31$17,420,192
Value of total assets at beginning of year2022-12-31$32,497,139
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$122,259
Total interest from all sources2022-12-31$18,030
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$-6,602,845
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$-6,602,845
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
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$3,261,019
Participant contributions at end of year2022-12-31$0
Participant contributions at end of year2022-12-31$3,569
Participant contributions at beginning of year2022-12-31$12,208
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$615,238
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$44
Total non interest bearing cash at beginning of year2022-12-31$26,443
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-15,076,947
Value of net assets at end of year (total assets less liabilities)2022-12-31$17,420,192
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$32,497,139
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$16,900,512
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$31,213,711
Interest on participant loans2022-12-31$18,030
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$493,971
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$870,482
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$0
Employer contributions (assets) at end of year2022-12-31$22,096
Employer contributions (assets) at beginning of year2022-12-31$374,295
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$12,246,130
Contract administrator fees2022-12-31$122,259
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 name2022-12-31LEE CPA AUDIT GROUP
Accountancy firm EIN2022-12-31814637885
2021 : DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$9,469,115
Total of all expenses incurred2021-12-31$3,212,216
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,041,792
Expenses. Certain deemed distributions of participant loans2021-12-31$63,167
Value of total corrective distributions2021-12-31$7,083
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$5,383,205
Value of total assets at end of year2021-12-31$32,497,139
Value of total assets at beginning of year2021-12-31$26,240,240
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$100,174
Total interest from all sources2021-12-31$17,813
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,001,970
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$1,001,970
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$4,087,362
Participant contributions at beginning of year2021-12-31$332,684
Participant contributions at end of year2021-12-31$12,208
Participant contributions at beginning of year2021-12-31$10,820
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$1,295,843
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Administrative expenses (other) incurred2021-12-31$61,802
Total non interest bearing cash at end of year2021-12-31$26,443
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$6,256,899
Value of net assets at end of year (total assets less liabilities)2021-12-31$32,497,139
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$26,240,240
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$38,372
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$31,213,711
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$24,952,792
Interest on participant loans2021-12-31$17,813
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$870,482
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$943,944
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$3,066,127
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$0
Employer contributions (assets) at end of year2021-12-31$374,295
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,041,792
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 name2021-12-31LEE CPA AUDIT GROUP
Accountancy firm EIN2021-12-31814637885
2020 : DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2020 401k financial data
Total transfer of assets to this plan2020-12-31$27,155
Total income from all sources (including contributions)2020-12-31$8,209,363
Total of all expenses incurred2020-12-31$2,515,455
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$2,381,142
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$28,481
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$4,455,417
Value of total assets at end of year2020-12-31$26,240,240
Value of total assets at beginning of year2020-12-31$20,519,177
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$105,832
Total interest from all sources2020-12-31$20,495
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
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$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$3,363,990
Participant contributions at end of year2020-12-31$332,684
Participant contributions at beginning of year2020-12-31$332,083
Participant contributions at end of year2020-12-31$10,820
Participant contributions at beginning of year2020-12-31$73,380
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$1,091,427
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$5,693,908
Value of net assets at end of year (total assets less liabilities)2020-12-31$26,240,240
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$20,519,177
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
Investment advisory and management fees2020-12-31$105,832
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$24,952,792
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$19,096,665
Interest on participant loans2020-12-31$20,495
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$943,944
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$1,017,049
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$3,733,451
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$0
Employer contributions (assets) at end of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$2,381,142
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 name2020-12-31LEE CPA AUDIT GROUP
Accountancy firm EIN2020-12-31814637885
2019 : DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$7,097,520
Total income from all sources (including contributions)2019-12-31$7,097,520
Total of all expenses incurred2019-12-31$2,096,108
Total of all expenses incurred2019-12-31$2,096,108
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,891,945
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,891,945
Value of total corrective distributions2019-12-31$18,471
Value of total corrective distributions2019-12-31$18,471
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$3,300,340
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$3,300,340
Value of total assets at end of year2019-12-31$20,519,177
Value of total assets at end of year2019-12-31$20,519,177
Value of total assets at beginning of year2019-12-31$15,517,765
Value of total assets at beginning of year2019-12-31$15,517,765
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$185,692
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$185,692
Total interest from all sources2019-12-31$21,344
Total interest from all sources2019-12-31$21,344
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
Administrative expenses professional fees incurred2019-12-31$135,798
Administrative expenses professional fees incurred2019-12-31$135,798
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
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$2,896,352
Contributions received from participants2019-12-31$2,896,352
Participant contributions at end of year2019-12-31$332,083
Participant contributions at end of year2019-12-31$332,083
Participant contributions at beginning of year2019-12-31$291,713
Participant contributions at beginning of year2019-12-31$291,713
Participant contributions at end of year2019-12-31$73,380
Participant contributions at end of year2019-12-31$73,380
Participant contributions at beginning of year2019-12-31$65,257
Participant contributions at beginning of year2019-12-31$65,257
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$403,988
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$403,988
Administrative expenses (other) incurred2019-12-31$2,700
Administrative expenses (other) incurred2019-12-31$2,700
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$5,001,412
Value of net income/loss2019-12-31$5,001,412
Value of net assets at end of year (total assets less liabilities)2019-12-31$20,519,177
Value of net assets at end of year (total assets less liabilities)2019-12-31$20,519,177
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$15,517,765
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$15,517,765
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
Investment advisory and management fees2019-12-31$44,382
Investment advisory and management fees2019-12-31$44,382
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$19,096,665
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$19,096,665
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$14,119,678
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$14,119,678
Interest on participant loans2019-12-31$21,344
Interest on participant loans2019-12-31$21,344
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$1,017,049
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$1,017,049
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$1,036,017
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$1,036,017
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$3,775,836
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$3,775,836
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
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$5,100
Employer contributions (assets) at beginning of year2019-12-31$5,100
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,891,945
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,891,945
Contract administrator fees2019-12-31$2,812
Contract administrator fees2019-12-31$2,812
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
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 name2019-12-31MOSS ADAMS LLP
Accountancy firm name2019-12-31MOSS ADAMS LLP
Accountancy firm EIN2019-12-31910189318
Accountancy firm EIN2019-12-31910189318
2018 : DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2018 401k financial data
Total transfer of assets to this plan2018-12-31$16,456,050
Total income from all sources (including contributions)2018-12-31$-261,751
Total of all expenses incurred2018-12-31$676,534
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$621,664
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,310,048
Value of total assets at end of year2018-12-31$15,517,765
Value of total assets at beginning of year2018-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$54,870
Total interest from all sources2018-12-31$16,416
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$28,786
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
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$1,038,679
Participant contributions at end of year2018-12-31$291,713
Participant contributions at beginning of year2018-12-31$0
Participant contributions at end of year2018-12-31$65,257
Participant contributions at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$266,269
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-938,285
Value of net assets at end of year (total assets less liabilities)2018-12-31$15,517,765
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$0
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
Investment advisory and management fees2018-12-31$16,758
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$14,119,678
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$0
Interest on participant loans2018-12-31$10,500
Interest earned on other investments2018-12-31$5,916
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$1,036,017
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,588,215
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 contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$5,100
Employer contributions (assets) at end of year2018-12-31$5,100
Employer contributions (assets) at beginning of year2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$621,664
Contract administrator fees2018-12-31$9,326
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

Form 5500 Responses for DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST

2023: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingYes
2023-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 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: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 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: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 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: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2018 form 5500 responses
2018-08-01Type of plan entitySingle employer plan
2018-08-01First time form 5500 has been submittedYes
2018-08-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-08-01Plan funding arrangement – InsuranceYes
2018-08-01Plan funding arrangement – TrustYes
2018-08-01Plan benefit arrangement - TrustYes
2009: DIRECTAPPS, INC. 401(K) PROFIT SHARING PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number50073201
Policy instance 1
Insurance contract or identification number50073201
Number of Individuals Covered0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number50073201
Policy instance 1
Insurance contract or identification number50073201
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number50073201
Policy instance 1
Insurance contract or identification number50073201
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number50073201
Policy instance 1
Insurance contract or identification number50073201
Number of Individuals Covered60
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number50073201
Policy instance 1
Insurance contract or identification number50073201
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
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
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number50073201
Policy instance 1
Insurance contract or identification number50073201
Number of Individuals Covered23
Insurance policy start date2018-08-01
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

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