401k Plan data: SMART INFRASTRUCTURE GROUP 401(K) PLAN plan

SMART INFRASTRUCTURE GROUP 401(K) PLAN 401k Plan overview

Plan Name	SMART INFRASTRUCTURE GROUP 401(K) PLAN
Plan identification number	002

SMART INFRASTRUCTURE GROUP 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

SMART INFRASTRUCTURE GROUP, LLC has sponsored the creation of one or more 401k plans.

Company Name: SMART INFRASTRUCTURE GROUP, LLC

Employer identification number (EIN): 814246626

NAIC Classification: 541330
NAIC Description: Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SMART INFRASTRUCTURE GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 ACHYUT KUMAR ALLADY 2024-10-15
002 2022-01-01 ACHYUT KUMAR ALLADY 2023-09-29
002 2021-01-01 ACHYUT KUMAR ALLADY 2023-09-29

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2023-01-01	ACHYUT KUMAR ALLADY	2024-10-15
002	2022-01-01	ACHYUT KUMAR ALLADY	2023-09-29
002	2021-01-01	ACHYUT KUMAR ALLADY	2023-09-29

Plan Statistics for SMART INFRASTRUCTURE GROUP 401(K) PLAN

401k plan membership statisitcs for SMART INFRASTRUCTURE GROUP 401(K) PLAN

Measure Date Value
2023: SMART INFRASTRUCTURE GROUP 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 187
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 161
Number of retired or separated participants receiving benefits 2023-01-01 3
Number of other retired or separated participants entitled to future benefits 2023-01-01 11
Total of all active and inactive participants 2023-01-01 175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 175
Number of participants with account balances 2023-01-01 97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 4
2022: SMART INFRASTRUCTURE GROUP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 169
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 139
Number of retired or separated participants receiving benefits 2022-01-01 5
Number of other retired or separated participants entitled to future benefits 2022-01-01 34
Total of all active and inactive participants 2022-01-01 178
Total participants 2022-01-01 178
Number of participants with account balances 2022-01-01 116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 18
2021: SMART INFRASTRUCTURE GROUP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 157
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 140
Number of retired or separated participants receiving benefits 2021-01-01 2
Number of other retired or separated participants entitled to future benefits 2021-01-01 19
Total of all active and inactive participants 2021-01-01 161
Total participants 2021-01-01 161
Number of participants with account balances 2021-01-01 104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 10

Measure	Date	Value
2023: SMART INFRASTRUCTURE GROUP 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	187
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	161
Number of retired or separated participants receiving benefits	2023-01-01	3
Number of other retired or separated participants entitled to future benefits	2023-01-01	11
Total of all active and inactive participants	2023-01-01	175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	175
Number of participants with account balances	2023-01-01	97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	4
2022: SMART INFRASTRUCTURE GROUP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	169
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	139
Number of retired or separated participants receiving benefits	2022-01-01	5
Number of other retired or separated participants entitled to future benefits	2022-01-01	34
Total of all active and inactive participants	2022-01-01	178
Total participants	2022-01-01	178
Number of participants with account balances	2022-01-01	116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	18
2021: SMART INFRASTRUCTURE GROUP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	157
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	140
Number of retired or separated participants receiving benefits	2021-01-01	2
Number of other retired or separated participants entitled to future benefits	2021-01-01	19
Total of all active and inactive participants	2021-01-01	161
Total participants	2021-01-01	161
Number of participants with account balances	2021-01-01	104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	10

Financial Data on SMART INFRASTRUCTURE GROUP 401(K) PLAN

Measure	Date	Value
2023 : SMART INFRASTRUCTURE GROUP 401(K) PLAN 2023 401k financial data
Total income from all sources (including contributions)	2023-12-31	$1,204,012
Total of all expenses incurred	2023-12-31	$556,733
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$514,136
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$645,632
Value of total assets at end of year	2023-12-31	$3,841,663
Value of total assets at beginning of year	2023-12-31	$3,194,384
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$42,597
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	$250,000
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	$494,329
Total non interest bearing cash at end of year	2023-12-31	$25,452
Total non interest bearing cash at beginning of year	2023-12-31	$4,812
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	$647,279
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$3,841,663
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$3,194,384
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 pooled separate accounts at end of year	2023-12-31	$3,816,211
Value of interest in pooled separate accounts at beginning of year	2023-12-31	$3,189,572
Net investment gain/loss from pooled separate accounts	2023-12-31	$558,380
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	$151,303
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$514,136
Contract administrator fees	2023-12-31	$42,597
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	PEREZ & CO. FINANCIAL AUDITORS, LLC
Accountancy firm EIN	2023-12-31	814647472
2022 : SMART INFRASTRUCTURE GROUP 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$198,432
Total of all expenses incurred	2022-12-31	$212,437
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$177,666
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$783,741
Value of total assets at end of year	2022-12-31	$3,194,384
Value of total assets at beginning of year	2022-12-31	$3,208,389
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$34,771
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	$75,000
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	$585,352
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$32,472
Total non interest bearing cash at end of year	2022-12-31	$4,812
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	$-14,005
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$3,194,384
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$3,208,389
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 pooled separate accounts at end of year	2022-12-31	$3,189,572
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$3,208,389
Net investment gain/loss from pooled separate accounts	2022-12-31	$-585,309
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	$165,917
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$177,666
Contract administrator fees	2022-12-31	$34,771
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	PEREZ & CO. FINANCIAL AUDITORS, LLC
Accountancy firm EIN	2022-12-31	814647472
2021 : SMART INFRASTRUCTURE GROUP 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$955,388
Total of all expenses incurred	2021-12-31	$85,197
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$79,851
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$610,724
Value of total assets at end of year	2021-12-31	$3,208,389
Value of total assets at beginning of year	2021-12-31	$2,338,198
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$5,346
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	$75,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$415,627
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$74,431
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	$870,191
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$3,208,389
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$2,338,198
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
Value of interest in pooled separate accounts at end of year	2021-12-31	$3,208,389
Value of interest in pooled separate accounts at beginning of year	2021-12-31	$2,338,198
Net investment gain/loss from pooled separate accounts	2021-12-31	$344,664
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	$120,666
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$79,851
Contract administrator fees	2021-12-31	$5,346
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	PEREZ & CO. FINANCIAL AUDITORS, LLC
Accountancy firm EIN	2021-12-31	854647472

Form 5500 Responses for SMART INFRASTRUCTURE GROUP 401(K) PLAN

2023: SMART INFRASTRUCTURE GROUP 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
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: SMART INFRASTRUCTURE GROUP 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single 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: SMART INFRASTRUCTURE GROUP 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	Yes
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

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

Policy instance

Number of Individuals Covered	115
Total amount of commissions paid to insurance broker	USD $16,644
Total amount of fees paid to insurance company	USD $6,205

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

Policy instance

Number of Individuals Covered	131
Total amount of commissions paid to insurance broker	USD $7,775
Total amount of fees paid to insurance company	USD $2,558
Commission paid to Insurance Broker	USD $7,775
Additional information about fees paid to insurance broker	COMMISSIONS
Insurance broker organization code?	7
Amount paid for insurance broker fees	2558

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

Policy instance

Number of Individuals Covered	116
Total amount of commissions paid to insurance broker	USD $13,389
Total amount of fees paid to insurance company	USD $2,177
Commission paid to Insurance Broker	USD $13,389
Additional information about fees paid to insurance broker	COMMISSIONS
Insurance broker organization code?	6
Amount paid for insurance broker fees	2177

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Company Name:	SMART INFRASTRUCTURE GROUP, LLC
Employer identification number (EIN):	814246626
NAIC Classification:	541330
NAIC Description:	Engineering Services