401k Plan data: SKYGEN USA 401(K) PLAN plan

SKYGEN USA 401(K) PLAN 401k Plan overview

Plan Name	SKYGEN USA 401(K) PLAN
Plan identification number	001

SKYGEN USA 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SKYGEN USA, LLC has sponsored the creation of one or more 401k plans.

Company Name: SKYGEN USA, LLC

Employer identification number (EIN): 810762694

NAIC Classification: 524290

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SKYGEN USA 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01

Plan Statistics for SKYGEN USA 401(K) PLAN

401k plan membership statisitcs for SKYGEN USA 401(K) PLAN

Measure Date Value
2023: SKYGEN USA 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 794
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 744
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 92
Total of all active and inactive participants 2023-01-01 836
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 836
Number of participants with account balances 2023-01-01 664
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: SKYGEN USA 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 755
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 689
Number of retired or separated participants receiving benefits 2022-01-01 14
Number of other retired or separated participants entitled to future benefits 2022-01-01 77
Total of all active and inactive participants 2022-01-01 780
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 780
Number of participants with account balances 2022-01-01 608
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: SKYGEN USA 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 811
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 642
Number of retired or separated participants receiving benefits 2021-01-01 4
Number of other retired or separated participants entitled to future benefits 2021-01-01 75
Total of all active and inactive participants 2021-01-01 721
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 721
Number of participants with account balances 2021-01-01 568
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: SKYGEN USA 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 749
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 644
Number of retired or separated participants receiving benefits 2020-01-01 68
Number of other retired or separated participants entitled to future benefits 2020-01-01 99
Total of all active and inactive participants 2020-01-01 811
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 811
Number of participants with account balances 2020-01-01 647
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0

Measure	Date	Value
2023: SKYGEN USA 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	794
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	744
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	92
Total of all active and inactive participants	2023-01-01	836
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	836
Number of participants with account balances	2023-01-01	664
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: SKYGEN USA 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	755
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	689
Number of retired or separated participants receiving benefits	2022-01-01	14
Number of other retired or separated participants entitled to future benefits	2022-01-01	77
Total of all active and inactive participants	2022-01-01	780
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	780
Number of participants with account balances	2022-01-01	608
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: SKYGEN USA 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	811
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	642
Number of retired or separated participants receiving benefits	2021-01-01	4
Number of other retired or separated participants entitled to future benefits	2021-01-01	75
Total of all active and inactive participants	2021-01-01	721
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	721
Number of participants with account balances	2021-01-01	568
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: SKYGEN USA 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	749
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	644
Number of retired or separated participants receiving benefits	2020-01-01	68
Number of other retired or separated participants entitled to future benefits	2020-01-01	99
Total of all active and inactive participants	2020-01-01	811
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	811
Number of participants with account balances	2020-01-01	647
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0

Financial Data on SKYGEN USA 401(K) PLAN

Measure	Date	Value
2023 : SKYGEN USA 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$13,711,102
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$2,623,127
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$2,483,781
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$6,746,788
Value of total assets at end of year	2023-12-31	$51,605,775
Value of total assets at beginning of year	2023-12-31	$40,517,800
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$139,346
Total interest from all sources	2023-12-31	$86,873
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$500,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$4,528,874
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$233,925
Assets. Loans (other than to participants) at end of year	2023-12-31	$643,002
Assets. Loans (other than to participants) at beginning of year	2023-12-31	$450,550
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$11,087,975
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$51,605,775
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$40,517,800
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$47,958,086
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$37,146,233
Interest on participant loans	2023-12-31	$37,098
Interest earned on other investments	2023-12-31	$49,775
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-12-31	$3,004,687
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-12-31	$2,921,017
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$6,877,441
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$1,983,989
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$2,483,781
Contract administrator fees	2023-12-31	$139,346
Did the plan have assets held for investment	2023-12-31	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	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	SVA CERTIFIED PUBLIC ACOUNTANTS SC
Accountancy firm EIN	2023-12-31	391203191
2022 : SKYGEN USA 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$-1,356,285
Total of all expenses incurred	2022-12-31	$1,641,946
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,518,243
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$5,840,611
Value of total assets at end of year	2022-12-31	$40,517,800
Value of total assets at beginning of year	2022-12-31	$43,516,031
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$123,703
Total interest from all sources	2022-12-31	$55,002
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	$3,826,746
Participant contributions at end of year	2022-12-31	$450,550
Participant contributions at beginning of year	2022-12-31	$411,888
Participant contributions at beginning of year	2022-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$261,338
Total non interest bearing cash at beginning of year	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-2,998,231
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$40,517,800
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$43,516,031
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$37,146,233
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$40,103,327
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$0
Interest on participant loans	2022-12-31	$17,976
Interest earned on other investments	2022-12-31	$37,026
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$2,921,017
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$3,000,816
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-7,251,898
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	No
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	$1,752,527
Employer contributions (assets) at beginning of year	2022-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,518,243
Contract administrator fees	2022-12-31	$123,703
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	Unqualified
Accountancy firm name	2022-12-31	SVA CERTIFIED PUBLIC ACCOUNTANTS SC
Accountancy firm EIN	2022-12-31	391203191
2021 : SKYGEN USA 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$10,413,957
Total of all expenses incurred	2021-12-31	$3,026,396
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$2,905,435
Value of total corrective distributions	2021-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$5,028,567
Value of total assets at end of year	2021-12-31	$43,516,031
Value of total assets at beginning of year	2021-12-31	$36,128,470
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$120,961
Total interest from all sources	2021-12-31	$48,734
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	$3,298,388
Participant contributions at end of year	2021-12-31	$411,888
Participant contributions at beginning of year	2021-12-31	$403,591
Participant contributions at end of year	2021-12-31	$0
Participant contributions at beginning of year	2021-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$185,107
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2021-12-31	$0
Total non interest bearing cash at end of year	2021-12-31	$0
Total non interest bearing cash at beginning of year	2021-12-31	$1,238
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	$7,387,561
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$43,516,031
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$36,128,470
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	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$40,103,327
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$33,146,488
Value of interest in pooled separate accounts at end of year	2021-12-31	$0
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$0
Interest on participant loans	2021-12-31	$18,024
Interest earned on other investments	2021-12-31	$30,710
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$3,000,816
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$2,577,153
Expenses. Payments to insurance carriers foe the provision of benefits	2021-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$5,336,656
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
Contributions received in cash from employer	2021-12-31	$1,545,072
Employer contributions (assets) at end of year	2021-12-31	$0
Employer contributions (assets) at beginning of year	2021-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$2,905,435
Contract administrator fees	2021-12-31	$120,961
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	Unqualified
Accountancy firm name	2021-12-31	SVA CERTIFIED PUBLIC ACCOUNTS SC
Accountancy firm EIN	2021-12-31	391203191
2020 : SKYGEN USA 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total transfer of assets to this plan	2020-12-31	$0
Total transfer of assets from this plan	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$9,852,645
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$1,189,121
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$1,072,119
Value of total corrective distributions	2020-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$5,199,459
Value of total assets at end of year	2020-12-31	$36,128,470
Value of total assets at beginning of year	2020-12-31	$27,464,946
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$117,002
Total interest from all sources	2020-12-31	$49,531
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 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	$2,823,558
Participant contributions at end of year	2020-12-31	$403,591
Participant contributions at beginning of year	2020-12-31	$340,233
Participant contributions at end of year	2020-12-31	$0
Participant contributions at beginning of year	2020-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$995,324
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2020-12-31	$0
Administrative expenses (other) incurred	2020-12-31	$152
Total non interest bearing cash at end of year	2020-12-31	$1,238
Total non interest bearing cash at beginning of year	2020-12-31	$4,738
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
Income. Non cash contributions	2020-12-31	$0
Value of net income/loss	2020-12-31	$8,663,524
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$36,128,470
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$27,464,946
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	$33,146,488
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$25,402,421
Value of interest in pooled separate accounts at end of year	2020-12-31	$0
Value of interest in pooled separate accounts at beginning of year	2020-12-31	$0
Interest on participant loans	2020-12-31	$19,943
Income. Interest from loans (other than to participants)	2020-12-31	$0
Interest earned on other investments	2020-12-31	$29,588
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$2,577,153
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$1,717,554
Expenses. Payments to insurance carriers foe the provision of benefits	2020-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$4,603,655
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	$1,380,577
Employer contributions (assets) at end of year	2020-12-31	$0
Employer contributions (assets) at beginning of year	2020-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$1,072,119
Contract administrator fees	2020-12-31	$116,850
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	SVA CERTIFIED PUBLIC ACCOUNTANTS SC
Accountancy firm EIN	2020-12-31	391203191

Form 5500 Responses for SKYGEN USA 401(K) PLAN

2023: SKYGEN USA 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Mulitple employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: SKYGEN USA 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Mulitple employer plan
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SKYGEN USA 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Mulitple employer plan
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SKYGEN USA 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Mulitple employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

513071-000

Policy instance

Insurance contract or identification number	513071-000
Number of Individuals Covered	664
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $24,851
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

513071-000

Policy instance

Insurance contract or identification number	513071-000
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of fees paid to insurance company	USD $23,861
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Amount paid for insurance broker fees	23861
Insurance broker organization code?	5

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

513071-000

Policy instance

Insurance contract or identification number	513071-000
Number of Individuals Covered	568
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $3,823
Total amount of fees paid to insurance company	USD $24,332
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Amount paid for insurance broker fees	24332
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $3,698

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )

Policy contract number

513071-000

Policy instance

Insurance contract or identification number	513071-000
Number of Individuals Covered	647
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $6,169
Total amount of fees paid to insurance company	USD $17,479
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	17479
Additional information about fees paid to insurance broker	FEES
Insurance broker organization code?	5

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Company Name:	SKYGEN USA, LLC
Employer identification number (EIN):	810762694
NAIC Classification:	524290