EMDS has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan EMDS 401(K) PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2020 : EMDS 401(K) PROFIT SHARING PLAN 2020 401k financial data |
|---|
| Total income from all sources (including contributions) | 2020-12-31 | $4,714,748 |
| Total of all expenses incurred | 2020-12-31 | $2,369,337 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $2,274,207 |
| Expenses. Certain deemed distributions of participant loans | 2020-12-31 | $-9,000 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,939,952 |
| Value of total assets at end of year | 2020-12-31 | $21,147,570 |
| Value of total assets at beginning of year | 2020-12-31 | $18,802,159 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $104,130 |
| Total interest from all sources | 2020-12-31 | $24,729 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $318,429 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $318,429 |
| Administrative expenses professional fees incurred | 2020-12-31 | $42,818 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $1,635,164 |
| Participant contributions at end of year | 2020-12-31 | $345,358 |
| Participant contributions at beginning of year | 2020-12-31 | $272,503 |
| Participant contributions at end of year | 2020-12-31 | $0 |
| Participant contributions at beginning of year | 2020-12-31 | $68,966 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $96,927 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $4,137 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $1,554 |
| Administrative expenses (other) incurred | 2020-12-31 | $61,312 |
| Total non interest bearing cash at end of year | 2020-12-31 | $38,709 |
| Total non interest bearing cash at beginning of year | 2020-12-31 | $36,024 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $2,345,411 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $21,147,570 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $18,802,159 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $19,987,208 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $18,011,916 |
| Interest on participant loans | 2020-12-31 | $18,673 |
| Interest earned on other investments | 2020-12-31 | $6,056 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $772,158 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $394,529 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $2,431,638 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $207,861 |
| Employer contributions (assets) at end of year | 2020-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2020-12-31 | $16,667 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $2,274,207 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2020-12-31 | No |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
| Accountancy firm name | 2020-12-31 | HOLTZMAN PARTNERS, LLP |
| Accountancy firm EIN | 2020-12-31 | 743121060 |
