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SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameSITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

GRACE STAKEHOLDER INVESTMENTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:GRACE STAKEHOLDER INVESTMENTS, INC.
Employer identification number (EIN):832940558
NAIC Classification:332900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01AMY RHODES2023-02-08 AMY RHODES2023-02-08
0022020-01-01
0022019-01-01AMY RHODES2020-09-22 AMY RHODES2020-09-22
0022018-01-01

Plan Statistics for SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01152
Total number of active participants reported on line 7a of the Form 55002022-01-01134
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-0112
Total of all active and inactive participants2022-01-01148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01149
Number of participants with account balances2022-01-01147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-017
2021: SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01129
Total number of active participants reported on line 7a of the Form 55002021-01-0197
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0112
Total of all active and inactive participants2021-01-01109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01110
Number of participants with account balances2021-01-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-019
2020: SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01117
Total number of active participants reported on line 7a of the Form 55002020-01-0193
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0124
Total of all active and inactive participants2020-01-01117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01117
Number of participants with account balances2020-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0124
2019: SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01101
Total number of active participants reported on line 7a of the Form 55002019-01-01103
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-016
Total of all active and inactive participants2019-01-01109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01109
Number of participants with account balances2019-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013
2018: SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0197
Total number of active participants reported on line 7a of the Form 55002018-01-0198
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0199
Number of participants with account balances2018-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$850,000
Total unrealized appreciation/depreciation of assets2022-12-31$850,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$1,360,263
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$1,379,812
Expenses. Interest paid2022-12-31$45,672
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$45,672
Total income from all sources (including contributions)2022-12-31$940,228
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$70,589
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$24,862
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$90,228
Value of total assets at end of year2022-12-31$19,270,292
Value of total assets at beginning of year2022-12-31$18,420,202
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$55
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
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
Administrative expenses (other) incurred2022-12-31$55
Total non interest bearing cash at end of year2022-12-31$292
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$869,639
Value of net assets at end of year (total assets less liabilities)2022-12-31$17,910,029
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$17,040,390
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
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$50
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$50
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
Assets. Invements in employer securities at end of year2022-12-31$19,270,000
Assets. Invements in employer securities at beginning of year2022-12-31$18,420,000
Contributions received in cash from employer2022-12-31$90,228
Employer contributions (assets) at beginning of year2022-12-31$152
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$24,862
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
Liabilities. Value of acquisition indebtedness at end of year2022-12-31$1,360,263
Liabilities. Value of acquisition indebtedness at beginning of year2022-12-31$1,379,812
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31MMKR & CO., P.A.
Accountancy firm EIN2022-12-31411690382
2021 : SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$4,597,000
Total unrealized appreciation/depreciation of assets2021-12-31$4,597,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$1,379,812
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$1,463,955
Expenses. Interest paid2021-12-31$46,322
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022021-12-31$46,322
Total income from all sources (including contributions)2021-12-31$4,687,910
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$71,860
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$25,538
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$90,910
Value of total assets at end of year2021-12-31$18,420,202
Value of total assets at beginning of year2021-12-31$13,888,295
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$0
Total interest from all sources2021-12-31$0
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
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$4,616,050
Value of net assets at end of year (total assets less liabilities)2021-12-31$17,040,390
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$12,424,340
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 bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$50
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$65,295
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$65,295
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
Assets. Invements in employer securities at end of year2021-12-31$18,420,000
Assets. Invements in employer securities at beginning of year2021-12-31$13,823,000
Contributions received in cash from employer2021-12-31$90,910
Employer contributions (assets) at end of year2021-12-31$152
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$25,538
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
Liabilities. Value of acquisition indebtedness at end of year2021-12-31$1,379,812
Liabilities. Value of acquisition indebtedness at beginning of year2021-12-31$1,463,955
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31MMKR & CO., P.A.
Accountancy firm EIN2021-12-31411690382
2020 : SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$1,463,955
Total plan liabilities at beginning of year2020-12-31$1,417,050
Total income from all sources2020-12-31$11,382,593
Expenses. Total of all expenses incurred2020-12-31$51,203
Benefits paid (including direct rollovers)2020-12-31$4,272
Total plan assets at end of year2020-12-31$13,888,295
Total plan assets at beginning of year2020-12-31$2,510,000
Value of fidelity bond covering the plan2020-12-31$500,000
Expenses. Other expenses not covered elsewhere2020-12-31$46,906
Other income received2020-12-31$11,313,000
Net income (gross income less expenses)2020-12-31$11,331,390
Net plan assets at end of year (total assets less liabilities)2020-12-31$12,424,340
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,092,950
Assets. Value of employer securities2020-12-31$13,823,000
Total contributions received or receivable from employer(s)2020-12-31$69,593
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$25
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$1,417,050
Total plan liabilities at beginning of year2019-12-31$1,434,780
Total income from all sources2019-12-31$1,075,221
Expenses. Total of all expenses incurred2019-12-31$47,491
Total plan assets at end of year2019-12-31$2,510,000
Total plan assets at beginning of year2019-12-31$1,500,000
Value of fidelity bond covering the plan2019-12-31$500,000
Expenses. Other expenses not covered elsewhere2019-12-31$47,491
Other income received2019-12-31$1,010,000
Net income (gross income less expenses)2019-12-31$1,027,730
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,092,950
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$65,220
Assets. Value of employer securities2019-12-31$2,510,000
Total contributions received or receivable from employer(s)2019-12-31$65,221
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$1,434,780
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$65,220
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$1,500,000
Total plan assets at beginning of year2018-12-31$0
Value of fidelity bond covering the plan2018-12-31$500,000
Net income (gross income less expenses)2018-12-31$65,220
Net plan assets at end of year (total assets less liabilities)2018-12-31$65,220
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Assets. Value of employer securities2018-12-31$1,500,000
Total contributions received or receivable from employer(s)2018-12-31$65,220
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0

Form 5500 Responses for SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2022: SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP 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: SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP 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: SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP 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
2019: SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle 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: SITG HOLDINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01First time form 5500 has been submittedYes
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

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