AMARILLO COLLEGE OF HAIRDRESSING, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan MILAN INSTITUTE PROFIT SHARING 401K PLAN
Measure | Date | Value |
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2022 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-12-31 | $-598,002 |
Total of all expenses incurred | 2022-12-31 | $952,309 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $883,105 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $10,777 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $601,390 |
Value of total assets at end of year | 2022-12-31 | $6,405,932 |
Value of total assets at beginning of year | 2022-12-31 | $7,956,243 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $58,427 |
Total interest from all sources | 2022-12-31 | $13,686 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $601,388 |
Participant contributions at end of year | 2022-12-31 | $177,397 |
Participant contributions at beginning of year | 2022-12-31 | $180,464 |
Participant contributions at end of year | 2022-12-31 | $22,537 |
Participant contributions at beginning of year | 2022-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $676 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $405 |
Administrative expenses (other) incurred | 2022-12-31 | $31,354 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-1,550,311 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $6,405,932 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $7,956,243 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $27,073 |
Value of interest in pooled separate accounts at end of year | 2022-12-31 | $5,835,237 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $7,402,918 |
Interest on participant loans | 2022-12-31 | $7,331 |
Interest earned on other investments | 2022-12-31 | $6,355 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $370,085 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $372,456 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-1,213,078 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $2 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $883,105 |
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 | 2022-12-31 | No |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Disclaimer |
Accountancy firm name | 2022-12-31 | SALMON SIMS THOMAS & ASSOCIATES |
Accountancy firm EIN | 2022-12-31 | 050568611 |
2021 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2021 401k financial data |
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Total income from all sources (including contributions) | 2021-12-31 | $1,573,997 |
Total of all expenses incurred | 2021-12-31 | $886,532 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $815,016 |
Expenses. Certain deemed distributions of participant loans | 2021-12-31 | $9,084 |
Value of total corrective distributions | 2021-12-31 | $11,266 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $562,264 |
Value of total assets at end of year | 2021-12-31 | $7,956,243 |
Value of total assets at beginning of year | 2021-12-31 | $7,268,778 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $51,166 |
Total interest from all sources | 2021-12-31 | $14,478 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $557,606 |
Participant contributions at end of year | 2021-12-31 | $180,464 |
Participant contributions at beginning of year | 2021-12-31 | $195,740 |
Participant contributions at end of year | 2021-12-31 | $0 |
Participant contributions at beginning of year | 2021-12-31 | $26,000 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $4,658 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $405 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $331 |
Administrative expenses (other) incurred | 2021-12-31 | $21,046 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $687,465 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $7,956,243 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $7,268,778 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Investment advisory and management fees | 2021-12-31 | $30,120 |
Value of interest in pooled separate accounts at end of year | 2021-12-31 | $7,402,918 |
Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $6,686,470 |
Interest on participant loans | 2021-12-31 | $8,904 |
Interest earned on other investments | 2021-12-31 | $5,574 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $372,456 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $360,237 |
Net investment gain/loss from pooled separate accounts | 2021-12-31 | $997,255 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $815,016 |
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 | 2021-12-31 | No |
Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Disclaimer |
Accountancy firm name | 2021-12-31 | SALMON SIMS THOMAS & ASSOCIATES |
Accountancy firm EIN | 2021-12-31 | 050568611 |
2020 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2020 401k financial data |
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Total income from all sources (including contributions) | 2020-12-31 | $1,450,276 |
Total of all expenses incurred | 2020-12-31 | $612,701 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $505,552 |
Expenses. Certain deemed distributions of participant loans | 2020-12-31 | $60,078 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $591,467 |
Value of total assets at end of year | 2020-12-31 | $7,268,778 |
Value of total assets at beginning of year | 2020-12-31 | $6,431,203 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $47,071 |
Total interest from all sources | 2020-12-31 | $16,406 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $500,000 |
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 | $510,605 |
Participant contributions at end of year | 2020-12-31 | $195,740 |
Participant contributions at beginning of year | 2020-12-31 | $250,347 |
Participant contributions at end of year | 2020-12-31 | $26,000 |
Participant contributions at beginning of year | 2020-12-31 | $36,734 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $12,187 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $331 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $1,882 |
Administrative expenses (other) incurred | 2020-12-31 | $23,021 |
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 | $837,575 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $7,268,778 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $6,431,203 |
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 |
Investment advisory and management fees | 2020-12-31 | $24,050 |
Value of interest in pooled separate accounts at end of year | 2020-12-31 | $6,686,470 |
Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $5,893,061 |
Interest on participant loans | 2020-12-31 | $10,795 |
Interest earned on other investments | 2020-12-31 | $5,611 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $360,237 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $249,179 |
Net investment gain/loss from pooled separate accounts | 2020-12-31 | $842,403 |
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 | No |
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 | $68,675 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $505,552 |
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 | Disclaimer |
Accountancy firm name | 2020-12-31 | SALMON SIMS THOMAS & ASSOCIATES |
Accountancy firm EIN | 2020-12-31 | 050568611 |
2019 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2019 401k financial data |
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Total income from all sources (including contributions) | 2019-12-31 | $1,701,420 |
Total of all expenses incurred | 2019-12-31 | $838,582 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $789,948 |
Expenses. Certain deemed distributions of participant loans | 2019-12-31 | $3,664 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $599,333 |
Value of total assets at end of year | 2019-12-31 | $6,431,203 |
Value of total assets at beginning of year | 2019-12-31 | $5,568,365 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $44,970 |
Total interest from all sources | 2019-12-31 | $16,314 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $300,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $519,819 |
Participant contributions at end of year | 2019-12-31 | $250,347 |
Participant contributions at beginning of year | 2019-12-31 | $230,508 |
Participant contributions at end of year | 2019-12-31 | $36,734 |
Participant contributions at beginning of year | 2019-12-31 | $73,302 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $79,514 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $1,882 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $0 |
Administrative expenses (other) incurred | 2019-12-31 | $33,423 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $862,838 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $6,431,203 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $5,568,365 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Investment advisory and management fees | 2019-12-31 | $11,547 |
Value of interest in pooled separate accounts at end of year | 2019-12-31 | $5,893,061 |
Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $4,989,676 |
Interest on participant loans | 2019-12-31 | $12,166 |
Interest earned on other investments | 2019-12-31 | $4,148 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $249,179 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $273,967 |
Net investment gain/loss from pooled separate accounts | 2019-12-31 | $1,085,773 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Employer contributions (assets) at end of year | 2019-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $912 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $789,948 |
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 | 2019-12-31 | No |
Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | SALMON SIMS THOMAS & ASSOCIATES |
Accountancy firm EIN | 2019-12-31 | 050568611 |
2018 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2018 401k financial data |
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Total income from all sources (including contributions) | 2018-12-31 | $181,004 |
Total of all expenses incurred | 2018-12-31 | $616,033 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $557,042 |
Expenses. Certain deemed distributions of participant loans | 2018-12-31 | $11,912 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $535,503 |
Value of total assets at end of year | 2018-12-31 | $5,531,259 |
Value of total assets at beginning of year | 2018-12-31 | $5,966,288 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $47,079 |
Total interest from all sources | 2018-12-31 | $16,319 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $300,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $508,681 |
Participant contributions at end of year | 2018-12-31 | $230,508 |
Participant contributions at beginning of year | 2018-12-31 | $295,348 |
Participant contributions at end of year | 2018-12-31 | $36,427 |
Participant contributions at beginning of year | 2018-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $26,306 |
Administrative expenses (other) incurred | 2018-12-31 | $47,079 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $-435,029 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $5,531,259 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $5,966,288 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2018-12-31 | $4,989,676 |
Value of interest in pooled separate accounts at beginning of year | 2018-12-31 | $5,342,744 |
Interest on participant loans | 2018-12-31 | $12,549 |
Interest earned on other investments | 2018-12-31 | $3,770 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-12-31 | $273,967 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-12-31 | $328,196 |
Net investment gain/loss from pooled separate accounts | 2018-12-31 | $-370,818 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $516 |
Employer contributions (assets) at end of year | 2018-12-31 | $681 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $557,042 |
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 | 2018-12-31 | No |
Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | SALMON SIMS THOMAS & ASSOCIATES |
Accountancy firm EIN | 2018-12-31 | 050568611 |
2017 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2017 401k financial data |
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Total income from all sources (including contributions) | 2017-12-31 | $1,246,649 |
Total of all expenses incurred | 2017-12-31 | $763,584 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $704,548 |
Expenses. Certain deemed distributions of participant loans | 2017-12-31 | $11,337 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $422,066 |
Value of total assets at end of year | 2017-12-31 | $5,966,288 |
Value of total assets at beginning of year | 2017-12-31 | $5,483,223 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $47,699 |
Total interest from all sources | 2017-12-31 | $17,011 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $300,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Contributions received from participants | 2017-12-31 | $422,066 |
Participant contributions at end of year | 2017-12-31 | $295,348 |
Participant contributions at beginning of year | 2017-12-31 | $314,354 |
Administrative expenses (other) incurred | 2017-12-31 | $47,699 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $483,065 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $5,966,288 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $5,483,223 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2017-12-31 | $5,342,744 |
Value of interest in pooled separate accounts at beginning of year | 2017-12-31 | $4,810,734 |
Interest on participant loans | 2017-12-31 | $12,432 |
Interest earned on other investments | 2017-12-31 | $4,579 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2017-12-31 | $328,196 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-12-31 | $358,135 |
Net investment gain/loss from pooled separate accounts | 2017-12-31 | $807,572 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $704,548 |
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 | 2017-12-31 | No |
Did the plan have assets held for investment | 2017-12-31 | 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 | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
Accountancy firm name | 2017-12-31 | SALMON SIMS THOMAS & ASSOCIATES |
Accountancy firm EIN | 2017-12-31 | 050568611 |
2016 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2016 401k financial data |
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Total income from all sources (including contributions) | 2016-12-31 | $1,044,120 |
Total of all expenses incurred | 2016-12-31 | $606,896 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $561,991 |
Expenses. Certain deemed distributions of participant loans | 2016-12-31 | $3,398 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $642,639 |
Value of total assets at end of year | 2016-12-31 | $5,483,223 |
Value of total assets at beginning of year | 2016-12-31 | $5,045,999 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $41,507 |
Total interest from all sources | 2016-12-31 | $9,783 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $300,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $519,613 |
Participant contributions at end of year | 2016-12-31 | $314,354 |
Participant contributions at beginning of year | 2016-12-31 | $218,051 |
Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $22,684 |
Other income not declared elsewhere | 2016-12-31 | $39,034 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $437,224 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $5,483,223 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $5,045,999 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2016-12-31 | $4,810,734 |
Value of interest in pooled separate accounts at beginning of year | 2016-12-31 | $4,447,452 |
Interest on participant loans | 2016-12-31 | $9,783 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2016-12-31 | $358,135 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2016-12-31 | $380,496 |
Net investment gain/loss from pooled separate accounts | 2016-12-31 | $352,664 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Contributions received in cash from employer | 2016-12-31 | $100,342 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $561,991 |
Contract administrator fees | 2016-12-31 | $41,507 |
Did the plan have assets held for investment | 2016-12-31 | 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 | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
Accountancy firm name | 2016-12-31 | SALMONS SIMS THOMAS & ASSOCIATES |
Accountancy firm EIN | 2016-12-31 | 050568611 |
2015 : MILAN INSTITUTE PROFIT SHARING 401K PLAN 2015 401k financial data |
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Total income from all sources (including contributions) | 2015-12-31 | $690,184 |
Total of all expenses incurred | 2015-12-31 | $1,132,335 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $1,074,559 |
Expenses. Certain deemed distributions of participant loans | 2015-12-31 | $12,148 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $729,890 |
Value of total assets at end of year | 2015-12-31 | $5,045,999 |
Value of total assets at beginning of year | 2015-12-31 | $5,488,150 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $45,628 |
Total interest from all sources | 2015-12-31 | $5,845 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Administrative expenses professional fees incurred | 2015-12-31 | $23,467 |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $300,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Contributions received from participants | 2015-12-31 | $518,625 |
Participant contributions at end of year | 2015-12-31 | $218,051 |
Participant contributions at beginning of year | 2015-12-31 | $185,650 |
Other income not declared elsewhere | 2015-12-31 | $9,026 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $-442,151 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $5,045,999 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $5,488,150 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Investment advisory and management fees | 2015-12-31 | $22,161 |
Value of interest in pooled separate accounts at end of year | 2015-12-31 | $4,447,452 |
Value of interest in pooled separate accounts at beginning of year | 2015-12-31 | $4,833,597 |
Interest on participant loans | 2015-12-31 | $5,845 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2015-12-31 | $380,496 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $468,903 |
Net investment gain/loss from pooled separate accounts | 2015-12-31 | $-54,577 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Contributions received in cash from employer | 2015-12-31 | $211,265 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $1,074,559 |
Did the plan have assets held for investment | 2015-12-31 | 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 | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
Accountancy firm name | 2015-12-31 | SALMONS SIMS THOMAS & ASSOCIATES |
Accountancy firm EIN | 2015-12-31 | 050568611 |