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PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NamePLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN
Plan identification number 001

PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

PLATINUM COLORADO LLC DBA SYNUITY HEALTH & WELFARE PLAN has sponsored the creation of one or more 401k plans.

Company Name:PLATINUM COLORADO LLC DBA SYNUITY HEALTH & WELFARE PLAN
Employer identification number (EIN):814384156
NAIC Classification:541214
NAIC Description:Payroll Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01
0012019-01-01
0012019-01-01
0012018-01-01
0012017-04-01TOM NEWMAN2018-08-29

Plan Statistics for PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2021: PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-012,510
Total number of active participants reported on line 7a of the Form 55002021-01-013,696
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01414
Total of all active and inactive participants2021-01-014,110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-014,110
Number of participants with account balances2021-01-011,366
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-01105
2020: PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-019
Total number of active participants reported on line 7a of the Form 55002020-01-012,244
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01266
Total of all active and inactive participants2020-01-012,510
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-012,510
Number of participants with account balances2020-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01867
Total number of active participants reported on line 7a of the Form 55002019-01-01849
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0170
Total of all active and inactive participants2019-01-01919
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01919
Number of participants with account balances2019-01-01155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012
2018: PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01707
Total number of active participants reported on line 7a of the Form 55002018-01-01778
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0143
Total of all active and inactive participants2018-01-01821
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01821
Number of participants with account balances2018-01-01155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2021 : PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$11,957,889
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$11,498,555
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$3,089,471
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,738,416
Expenses. Certain deemed distributions of participant loans2021-12-31$91,377
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$6,747,614
Value of total assets at end of year2021-12-31$44,691,209
Value of total assets at beginning of year2021-12-31$24,324,236
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$259,678
Total interest from all sources2021-12-31$66,745
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$3,720,748
Participant contributions at end of year2021-12-31$637,017
Participant contributions at beginning of year2021-12-31$458,570
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$68,549
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$2,142,455
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$8,409,084
Value of net assets at end of year (total assets less liabilities)2021-12-31$44,691,209
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$24,324,236
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$0
Value of interest in pooled separate accounts at end of year2021-12-31$43,346,932
Value of interest in pooled separate accounts at beginning of year2021-12-31$22,972,818
Interest on participant loans2021-12-31$25,400
Interest earned on other investments2021-12-31$8,410
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$32,935
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$707,260
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$573,875
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$4,684,196
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$884,411
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$250,424
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,738,416
Contract administrator fees2021-12-31$259,678
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31METZ & ASSOCIATES, PLLC
Accountancy firm EIN2021-12-31464558541
2020 : PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$15,026,037
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$5,275,691
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,117,733
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$974,862
Value of total corrective distributions2020-12-31$66,465
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$2,828,015
Value of total assets at end of year2020-12-31$24,324,236
Value of total assets at beginning of year2020-12-31$5,140,241
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$76,406
Total interest from all sources2020-12-31$18,734
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 year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$2,037,696
Participant contributions at end of year2020-12-31$458,570
Participant contributions at beginning of year2020-12-31$96,061
Participant contributions at end of year2020-12-31$68,549
Participant contributions at beginning of year2020-12-31$60,478
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$247,114
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$170
Administrative expenses (other) incurred2020-12-31$76,406
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$4,157,958
Value of net assets at end of year (total assets less liabilities)2020-12-31$24,324,236
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,140,241
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$0
Value of interest in pooled separate accounts at end of year2020-12-31$22,972,818
Value of interest in pooled separate accounts at beginning of year2020-12-31$0
Interest on participant loans2020-12-31$18,734
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$4,868,446
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$4,868,446
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$573,875
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$0
Net investment gain/loss from pooled separate accounts2020-12-31$2,427,117
Net investment gain or loss from common/collective trusts2020-12-31$1,655
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$543,205
Employer contributions (assets) at end of year2020-12-31$250,424
Employer contributions (assets) at beginning of year2020-12-31$115,256
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$974,862
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31CHRISTOPHER,SMITH,LEONARD
Accountancy firm EIN2020-12-31592142260
2019 : PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$1,143,382
Total transfer of assets to this plan2019-12-31$1,143,382
Total transfer of assets from this plan2019-12-31$33,136
Total transfer of assets from this plan2019-12-31$33,136
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$39,240
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$39,240
Total income from all sources (including contributions)2019-12-31$1,741,172
Total income from all sources (including contributions)2019-12-31$1,741,172
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$461,027
Total of all expenses incurred2019-12-31$461,027
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$428,712
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$428,712
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,091,739
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,091,739
Value of total assets at end of year2019-12-31$5,140,241
Value of total assets at end of year2019-12-31$5,140,241
Value of total assets at beginning of year2019-12-31$2,789,090
Value of total assets at beginning of year2019-12-31$2,789,090
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$32,315
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$32,315
Total interest from all sources2019-12-31$2,667
Total interest from all sources2019-12-31$2,667
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$48,233
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$48,233
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$48,233
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$48,233
Was this plan covered by a fidelity bond2019-12-31No
Was this plan covered by a fidelity bond2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31Yes
If this is an individual account plan, was there a blackout period2019-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$778,751
Contributions received from participants2019-12-31$778,751
Participant contributions at end of year2019-12-31$96,061
Participant contributions at end of year2019-12-31$96,061
Participant contributions at beginning of year2019-12-31$63,248
Participant contributions at beginning of year2019-12-31$63,248
Participant contributions at end of year2019-12-31$60,478
Participant contributions at end of year2019-12-31$60,478
Participant contributions at beginning of year2019-12-31$10,118
Participant contributions at beginning of year2019-12-31$10,118
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$149,753
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$149,753
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$296
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$296
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$39,240
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$39,240
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,280,145
Value of net income/loss2019-12-31$1,280,145
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,140,241
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,140,241
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,749,850
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,749,850
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$3,561
Investment advisory and management fees2019-12-31$3,561
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,629,680
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,629,680
Value of interest in pooled separate accounts at end of year2019-12-31$0
Value of interest in pooled separate accounts at end of year2019-12-31$0
Value of interest in pooled separate accounts at beginning of year2019-12-31$0
Value of interest in pooled separate accounts at beginning of year2019-12-31$0
Interest on participant loans2019-12-31$2,667
Interest on participant loans2019-12-31$2,667
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$4,868,446
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$4,868,446
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$598,533
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$598,533
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$163,235
Contributions received in cash from employer2019-12-31$163,235
Employer contributions (assets) at end of year2019-12-31$115,256
Employer contributions (assets) at end of year2019-12-31$115,256
Employer contributions (assets) at beginning of year2019-12-31$85,748
Employer contributions (assets) at beginning of year2019-12-31$85,748
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$428,712
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$428,712
Contract administrator fees2019-12-31$28,754
Contract administrator fees2019-12-31$28,754
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31CHRISTOPHER, SMITH, LEONARD, BRISTO
Accountancy firm name2019-12-31CHRISTOPHER, SMITH, LEONARD, BRISTO
Accountancy firm EIN2019-12-31592142260
Accountancy firm EIN2019-12-31592142260
2018 : PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$1,854,190
Total transfer of assets from this plan2018-12-31$7,252,654
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$39,240
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$2,037,305
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$609,247
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$522,195
Value of total corrective distributions2018-12-31$44,431
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,874,594
Value of total assets at end of year2018-12-31$2,789,090
Value of total assets at beginning of year2018-12-31$6,720,256
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$42,621
Total interest from all sources2018-12-31$5,019
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$101,460
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$101,460
Was this plan covered by a fidelity bond2018-12-31No
If this is an individual account plan, was there a blackout period2018-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$908,502
Participant contributions at end of year2018-12-31$63,248
Participant contributions at beginning of year2018-12-31$80,072
Participant contributions at end of year2018-12-31$10,118
Participant contributions at beginning of year2018-12-31$48,263
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$510,274
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$296
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$1,027
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$39,240
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$1,428,058
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,749,850
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$6,720,256
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$4,506
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$2,629,680
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$6,562,667
Interest on participant loans2018-12-31$5,019
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$56,232
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$455,818
Employer contributions (assets) at end of year2018-12-31$85,748
Employer contributions (assets) at beginning of year2018-12-31$28,227
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$522,195
Contract administrator fees2018-12-31$38,115
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31Yes
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31INFANTE & COMPANY
Accountancy firm EIN2018-12-31592115588

Form 5500 Responses for PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN

2021: PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entityMulitple employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entityMulitple employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entityMulitple employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PLATINUM GROUP 401(K) RETIREMENT SAVINGS PLAN 2018 form 5500 responses
2018-01-01Type of plan entityMulitple 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

AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62944 )
Policy contract numberMEP- COMBINED
Policy instance 1
Insurance contract or identification numberMEP- COMBINED
Number of Individuals Covered4110
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $98,387
Total amount of fees paid to insurance companyUSD $0
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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 BrokerUSD $96,344
Insurance broker organization code?3
AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62944 )
Policy contract numberMEP- COMBINED
Policy instance 1
Insurance contract or identification numberMEP- COMBINED
Number of Individuals Covered2516
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $60,672
Total amount of fees paid to insurance companyUSD $0
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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 BrokerUSD $60,672
Insurance broker organization code?3

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