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SAGENT M&C, LLC 401(K) PLAN 401k Plan overview

Plan NameSAGENT M&C, LLC 401(K) PLAN
Plan identification number 001

SAGENT M&C, LLC 401(K) PLAN Benefits

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

SAGENT LENDING TECHNOLOGIES has sponsored the creation of one or more 401k plans.

Company Name:SAGENT LENDING TECHNOLOGIES
Employer identification number (EIN):824498861
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SAGENT M&C, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012020-01-01
0012019-01-01VALARI REGAN2020-10-15 MICHELE MURSTEN2020-10-15

Plan Statistics for SAGENT M&C, LLC 401(K) PLAN

401k plan membership statisitcs for SAGENT M&C, LLC 401(K) PLAN

Measure Date Value
2023: SAGENT M&C, LLC 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01350
Total number of active participants reported on line 7a of the Form 55002023-01-01344
Number of retired or separated participants receiving benefits2023-01-012
Number of other retired or separated participants entitled to future benefits2023-01-0172
Total of all active and inactive participants2023-01-01418
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-011
Total participants2023-01-01419
Number of participants with account balances2023-01-01413
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0118
2022: SAGENT M&C, LLC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01279
Total number of active participants reported on line 7a of the Form 55002022-01-01271
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-0176
Total of all active and inactive participants2022-01-01349
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01350
Number of participants with account balances2022-01-01325
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0127
2021: SAGENT M&C, LLC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01256
Total number of active participants reported on line 7a of the Form 55002021-01-01217
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-0160
Total of all active and inactive participants2021-01-01279
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01279
Number of participants with account balances2021-01-01273
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0128
2020: SAGENT M&C, LLC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01199
Total number of active participants reported on line 7a of the Form 55002020-01-01208
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-0147
Total of all active and inactive participants2020-01-01256
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01256
Number of participants with account balances2020-01-01251
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0127

Financial Data on SAGENT M&C, LLC 401(K) PLAN

Measure Date Value
2023 : SAGENT M&C, LLC 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total transfer of assets to this plan2023-12-31$72,019
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$15,022,586
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$3,349,371
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$3,261,912
Value of total corrective distributions2023-12-31$11,298
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$7,664,422
Value of total assets at end of year2023-12-31$54,061,033
Value of total assets at beginning of year2023-12-31$42,315,799
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$76,161
Total interest from all sources2023-12-31$33,030
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$1,480,152
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$1,480,152
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$5,000,000
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$4,315,899
Participant contributions at end of year2023-12-31$527,954
Participant contributions at beginning of year2023-12-31$395,749
Participant contributions at end of year2023-12-31$147,809
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$1,885,599
Other income not declared elsewhere2023-12-31$49
Administrative expenses (other) incurred2023-12-31$76,161
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$11,673,215
Value of net assets at end of year (total assets less liabilities)2023-12-31$54,061,033
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$42,315,799
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$51,375,892
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$39,441,033
Interest on participant loans2023-12-31$33,030
Value of interest in common/collective trusts at end of year2023-12-31$1,955,511
Value of interest in common/collective trusts at beginning of year2023-12-31$2,479,017
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$5,788,572
Net investment gain or loss from common/collective trusts2023-12-31$56,361
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$1,462,924
Employer contributions (assets) at end of year2023-12-31$53,867
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$3,261,912
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 name2023-12-31STEPHANO SLACK LLC
Accountancy firm EIN2023-12-31161710665
2022 : SAGENT M&C, LLC 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-3,745,619
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$2,452,838
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$2,415,642
Value of total corrective distributions2022-12-31$5,084
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$4,746,943
Value of total assets at end of year2022-12-31$42,315,799
Value of total assets at beginning of year2022-12-31$48,514,256
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$32,112
Total interest from all sources2022-12-31$23,457
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,573,890
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$1,573,890
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$5,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$2,909,408
Participant contributions at end of year2022-12-31$395,749
Participant contributions at beginning of year2022-12-31$367,400
Participant contributions at beginning of year2022-12-31$76,693
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$789,260
Other income not declared elsewhere2022-12-31$3,419
Administrative expenses (other) incurred2022-12-31$32,112
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-6,198,457
Value of net assets at end of year (total assets less liabilities)2022-12-31$42,315,799
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$48,514,256
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$39,441,033
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$45,747,425
Interest on participant loans2022-12-31$23,457
Value of interest in common/collective trusts at end of year2022-12-31$2,479,017
Value of interest in common/collective trusts at beginning of year2022-12-31$2,296,916
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-10,130,190
Net investment gain or loss from common/collective trusts2022-12-31$36,862
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$1,048,275
Employer contributions (assets) at beginning of year2022-12-31$25,822
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$2,415,642
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31STEPHANO SLACK LLC
Accountancy firm EIN2022-12-31161710665
2021 : SAGENT M&C, LLC 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
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$9,280,604
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$4,402,053
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$4,350,924
Value of total corrective distributions2021-12-31$5,682
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,713,048
Value of total assets at end of year2021-12-31$48,514,256
Value of total assets at beginning of year2021-12-31$43,635,705
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$45,447
Total interest from all sources2021-12-31$21,527
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$2,136,394
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$2,136,394
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$5,000,000
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$2,489,068
Participant contributions at end of year2021-12-31$367,400
Participant contributions at beginning of year2021-12-31$402,570
Participant contributions at end of year2021-12-31$76,693
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$388,913
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$784
Other income not declared elsewhere2021-12-31$773
Administrative expenses (other) incurred2021-12-31$45,447
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$4,878,551
Value of net assets at end of year (total assets less liabilities)2021-12-31$48,514,256
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$43,635,705
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$45,747,425
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$40,947,074
Interest on participant loans2021-12-31$21,527
Value of interest in common/collective trusts at end of year2021-12-31$2,296,916
Value of interest in common/collective trusts at beginning of year2021-12-31$2,286,061
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$3,375,086
Net investment gain or loss from common/collective trusts2021-12-31$33,776
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 contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$835,067
Employer contributions (assets) at end of year2021-12-31$25,822
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$4,350,140
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 name2021-12-31STEPHANO SLACK LLC
Accountancy firm EIN2021-12-31161710665
2020 : SAGENT M&C, LLC 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$7,795
Total transfer of assets from this plan2020-12-31$1,527,001
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$9,686,425
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$2,237,385
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$2,195,609
Expenses. Certain deemed distributions of participant loans2020-12-31$6,411
Value of total corrective distributions2020-12-31$10,668
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,411,822
Value of total assets at end of year2020-12-31$43,635,705
Value of total assets at beginning of year2020-12-31$37,705,871
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$24,697
Total interest from all sources2020-12-31$29,403
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,209,432
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$1,209,432
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$5,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$1,966,552
Participant contributions at end of year2020-12-31$402,570
Participant contributions at beginning of year2020-12-31$494,049
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$760,299
Other income not declared elsewhere2020-12-31$613
Administrative expenses (other) incurred2020-12-31$24,697
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$7,449,040
Value of net assets at end of year (total assets less liabilities)2020-12-31$43,635,705
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$37,705,871
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$40,947,074
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$35,440,922
Interest on participant loans2020-12-31$29,403
Value of interest in common/collective trusts at end of year2020-12-31$2,286,061
Value of interest in common/collective trusts at beginning of year2020-12-31$1,770,900
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$4,986,806
Net investment gain or loss from common/collective trusts2020-12-31$48,349
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 contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$684,971
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$2,195,609
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 name2020-12-31STEPHANO SLACK LLC
Accountancy firm EIN2020-12-31161710665

Form 5500 Responses for SAGENT M&C, LLC 401(K) PLAN

2023: SAGENT M&C, LLC 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 – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: SAGENT M&C, LLC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SAGENT M&C, LLC 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle 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 – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SAGENT M&C, LLC 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle 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 planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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