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HUMANIT SOLUTIONS 401(K) PLAN 401k Plan overview

Plan NameHUMANIT SOLUTIONS 401(K) PLAN
Plan identification number 001

HUMANIT SOLUTIONS 401(K) PLAN 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.
  • 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

HUMANIT SOLUTIONS, LLC. has sponsored the creation of one or more 401k plans.

Company Name:HUMANIT SOLUTIONS, LLC.
Employer identification number (EIN):813731374
NAIC Classification:541512
NAIC Description:Computer Systems Design Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HUMANIT SOLUTIONS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARK HUMAN2024-10-03 MARK HUMAN2024-10-03
0012022-01-01
0012021-01-01JOHN ANSAY2022-08-29
0012020-01-01MARK HUMAN2021-10-13
0012019-01-01MARK HUMAN2020-07-31
0012018-01-01EDWARD ROJAS
0012017-01-01MARK HUMAN2018-06-13

Plan Statistics for HUMANIT SOLUTIONS 401(K) PLAN

401k plan membership statisitcs for HUMANIT SOLUTIONS 401(K) PLAN

Measure Date Value
2023: HUMANIT SOLUTIONS 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01150
Total number of active participants reported on line 7a of the Form 55002023-01-01138
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0138
Total of all active and inactive participants2023-01-01176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01176
Number of participants with account balances2023-01-01176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2018: HUMANIT SOLUTIONS 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0114
Total number of active participants reported on line 7a of the Form 55002018-01-0115
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-013
Total of all active and inactive participants2018-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0118
Number of participants with account balances2018-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on HUMANIT SOLUTIONS 401(K) PLAN

Measure Date Value
2023 : HUMANIT SOLUTIONS 401(K) PLAN 2023 401k financial data
Total income from all sources (including contributions)2023-12-31$2,874,792
Total of all expenses incurred2023-12-31$303,990
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$271,909
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$2,010,068
Value of total assets at end of year2023-12-31$6,025,636
Value of total assets at beginning of year2023-12-31$3,454,834
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$32,081
Total interest from all sources2023-12-31$3,050
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$1,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$729,849
Participant contributions at end of year2023-12-31$88,757
Participant contributions at beginning of year2023-12-31$30,075
Participant contributions at end of year2023-12-31$300
Participant contributions at beginning of year2023-12-31$300
Assets. Other investments not covered elsewhere at beginning of year2023-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$169,410
Total non interest bearing cash at end of year2023-12-31$0
Total non interest bearing cash at beginning of year2023-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$2,570,802
Value of net assets at end of year (total assets less liabilities)2023-12-31$6,025,636
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$3,454,834
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$905
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$0
Value of interest in pooled separate accounts at end of year2023-12-31$5,365,289
Value of interest in pooled separate accounts at beginning of year2023-12-31$3,104,548
Interest on participant loans2023-12-31$3,050
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$11,999
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$3,286
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$861,674
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$1,110,809
Employer contributions (assets) at end of year2023-12-31$559,291
Employer contributions (assets) at beginning of year2023-12-31$316,625
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$271,909
Contract administrator fees2023-12-31$18,932
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31BATES CARTER & CO LLP
Accountancy firm EIN2023-12-31208004844
2018 : HUMANIT SOLUTIONS 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$134,581
Expenses. Total of all expenses incurred2018-12-31$56,224
Benefits paid (including direct rollovers)2018-12-31$52,048
Total plan assets at end of year2018-12-31$167,885
Total plan assets at beginning of year2018-12-31$89,528
Value of fidelity bond covering the plan2018-12-31$20,000
Total contributions received or receivable from participants2018-12-31$109,391
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-17,482
Net income (gross income less expenses)2018-12-31$78,357
Net plan assets at end of year (total assets less liabilities)2018-12-31$167,885
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$89,528
Total contributions received or receivable from employer(s)2018-12-31$42,672
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$4,176
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Funding deficiency by the employer to the plan for this plan year2018-12-31$0
Minimum employer required contribution for this plan year2018-12-31$0
Amount contributed by the employer to the plan for this plan year2018-12-31$0

Form 5500 Responses for HUMANIT SOLUTIONS 401(K) PLAN

2023: HUMANIT SOLUTIONS 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2018: HUMANIT SOLUTIONS 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AMERITAS LIFE INSURANCE CORP. (National Association of Insurance Commissioners NAIC id number: 61301 )
Policy contract number346861
Policy instance 1
Insurance contract or identification number346861
Number of Individuals Covered176
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $20,458
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

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