OPTIMUM EMPLOYER SOLUTIONS has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan OPTIMUM EMPLOYER SOLUTIONS RETIREMENT PLAN
Measure | Date | Value |
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2016 : OPTIMUM EMPLOYER SOLUTIONS RETIREMENT PLAN 2016 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
Total transfer of assets to this plan | 2016-12-31 | $6,634,863 |
Total transfer of assets from this plan | 2016-12-31 | $9,188 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total income from all sources (including contributions) | 2016-12-31 | $3,850,836 |
Total loss/gain on sale of assets | 2016-12-31 | $0 |
Total of all expenses incurred | 2016-12-31 | $1,041,507 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $957,233 |
Value of total corrective distributions | 2016-12-31 | $13,624 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $3,275,859 |
Value of total assets at end of year | 2016-12-31 | $14,746,628 |
Value of total assets at beginning of year | 2016-12-31 | $5,311,624 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $70,650 |
Total interest from all sources | 2016-12-31 | $6,015 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $242,037 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $242,037 |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $215,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | Yes |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $2,099,424 |
Participant contributions at end of year | 2016-12-31 | $166,235 |
Participant contributions at beginning of year | 2016-12-31 | $151,018 |
Participant contributions at end of year | 2016-12-31 | $118,916 |
Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $302,952 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $2,461 |
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 | $2,809,329 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $14,746,628 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $5,311,624 |
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 |
Investment advisory and management fees | 2016-12-31 | $1,936 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $14,378,955 |
Value of interest in pooled separate accounts at beginning of year | 2016-12-31 | $5,160,606 |
Interest on participant loans | 2016-12-31 | $6,015 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $315,160 |
Net investment gain/loss from pooled separate accounts | 2016-12-31 | $11,765 |
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 | Yes |
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 | $873,483 |
Employer contributions (assets) at end of year | 2016-12-31 | $80,061 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $957,233 |
Contract administrator fees | 2016-12-31 | $68,714 |
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 | 2016-12-31 | Yes |
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 | No |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Unqualified |
Accountancy firm name | 2016-12-31 | KMJ CORBIN AND COMPANY LLP |
Accountancy firm EIN | 2016-12-31 | 810569753 |
2015 : OPTIMUM EMPLOYER SOLUTIONS RETIREMENT PLAN 2015 401k financial data |
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Total transfer of assets to this plan | 2015-12-31 | $1,481,307 |
Total income from all sources (including contributions) | 2015-12-31 | $1,744,416 |
Total of all expenses incurred | 2015-12-31 | $894,872 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $851,489 |
Value of total corrective distributions | 2015-12-31 | $10,506 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $1,752,460 |
Value of total assets at end of year | 2015-12-31 | $5,311,624 |
Value of total assets at beginning of year | 2015-12-31 | $2,980,773 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $32,877 |
Total interest from all sources | 2015-12-31 | $3,175 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $215,000 |
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 | $1,282,178 |
Participant contributions at end of year | 2015-12-31 | $151,018 |
Participant contributions at beginning of year | 2015-12-31 | $126,653 |
Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $17,477 |
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 | $849,544 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $5,311,624 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $2,980,773 |
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 |
Value of interest in pooled separate accounts at end of year | 2015-12-31 | $5,160,606 |
Value of interest in pooled separate accounts at beginning of year | 2015-12-31 | $2,854,120 |
Interest on participant loans | 2015-12-31 | $3,175 |
Net investment gain/loss from pooled separate accounts | 2015-12-31 | $-11,219 |
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 | Yes |
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 | $452,805 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $851,489 |
Contract administrator fees | 2015-12-31 | $32,877 |
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 | KMJ CORBIN AND COMPANY LLP |
Accountancy firm EIN | 2015-12-31 | 810569753 |