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IHI GROUP 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameIHI GROUP 401(K) PROFIT SHARING PLAN
Plan identification number 002

IHI GROUP 401(K) PROFIT SHARING 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.
  • 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

IHI AMERICAS INC. has sponsored the creation of one or more 401k plans.

Company Name:IHI AMERICAS INC.
Employer identification number (EIN):834230011
NAIC Classification:541330
NAIC Description:Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IHI GROUP 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022024-01-01GREG BRAKEFIELD
0022023-01-01
0022023-01-01GREG BRAKEFIELD
0022022-01-01
0022022-01-01GREG BRAKEFIELD
0022021-01-01
0022021-01-01GREG BRAKEFIELD
0022020-01-01

Financial Data on IHI GROUP 401(K) PROFIT SHARING PLAN

Measure Date Value
2023 : IHI GROUP 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
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$42,200,150
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$11,452,559
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$10,881,250
Expenses. Certain deemed distributions of participant loans2023-12-31$338,342
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$22,270,491
Value of total assets at end of year2023-12-31$144,445,163
Value of total assets at beginning of year2023-12-31$113,697,572
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$232,967
Total interest from all sources2023-12-31$134,442
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$613,990
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$613,990
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
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$9,924,172
Participant contributions at end of year2023-12-31$1,615,089
Participant contributions at beginning of year2023-12-31$1,822,189
Participant contributions at end of year2023-12-31$1,065
Participant contributions at beginning of year2023-12-31$3,308
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$6,004,471
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$30,747,591
Value of net assets at end of year (total assets less liabilities)2023-12-31$144,445,163
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$113,697,572
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$35,938,503
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$107,970,001
Interest on participant loans2023-12-31$102,142
Interest earned on other investments2023-12-31$32,300
Value of interest in common/collective trusts at end of year2023-12-31$106,390,164
Value of interest in common/collective trusts at beginning of year2023-12-31$1,445,323
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$2,013,509
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$2,699,788
Net investment gain or loss from common/collective trusts2023-12-31$16,481,439
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 contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$6,341,848
Employer contributions (assets) at end of year2023-12-31$500,342
Employer contributions (assets) at beginning of year2023-12-31$443,242
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$10,881,250
Contract administrator fees2023-12-31$232,967
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 name2023-12-31CONDON O'MEARA MCGINTY AND DONNELLY
Accountancy firm EIN2023-12-31133628255
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$42,200,150
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$11,452,559
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$10,881,250
Expenses. Certain deemed distributions of participant loans2023-01-01$338,342
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$22,270,491
Value of total assets at end of year2023-01-01$144,445,163
Value of total assets at beginning of year2023-01-01$113,697,572
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$232,967
Total interest from all sources2023-01-01$134,442
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$613,990
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$613,990
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$500,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$9,924,172
Participant contributions at end of year2023-01-01$1,615,089
Participant contributions at beginning of year2023-01-01$1,822,189
Participant contributions at end of year2023-01-01$1,065
Participant contributions at beginning of year2023-01-01$3,308
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$6,004,471
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$30,747,591
Value of net assets at end of year (total assets less liabilities)2023-01-01$144,445,163
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$113,697,572
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$35,938,503
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$107,970,001
Interest on participant loans2023-01-01$102,142
Interest earned on other investments2023-01-01$32,300
Value of interest in common/collective trusts at end of year2023-01-01$106,390,164
Value of interest in common/collective trusts at beginning of year2023-01-01$1,445,323
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-01-01$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-01-01$2,013,509
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$2,699,788
Net investment gain or loss from common/collective trusts2023-01-01$16,481,439
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01Yes
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$6,341,848
Employer contributions (assets) at end of year2023-01-01$500,342
Employer contributions (assets) at beginning of year2023-01-01$443,242
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$10,881,250
Contract administrator fees2023-01-01$232,967
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01CONDON O'MEARA MCGINTY AND DONNELLY
Accountancy firm EIN2023-01-01133628255
2022 : IHI GROUP 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$514,814
Total transfer of assets from this plan2022-12-31$29,620
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$0
Total income from all sources (including contributions)2022-12-31$-4,388,329
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$14,845,979
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$14,298,687
Expenses. Certain deemed distributions of participant loans2022-12-31$342,540
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$16,169,897
Value of total assets at end of year2022-12-31$113,697,572
Value of total assets at beginning of year2022-12-31$132,446,686
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$204,752
Total interest from all sources2022-12-31$130,274
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$376,548
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$376,548
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
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$8,538,880
Participant contributions at end of year2022-12-31$1,822,189
Participant contributions at beginning of year2022-12-31$2,025,569
Participant contributions at end of year2022-12-31$3,308
Participant contributions at beginning of year2022-12-31$2,183
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$2,325,104
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-19,234,308
Value of net assets at end of year (total assets less liabilities)2022-12-31$113,697,572
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$132,446,686
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$107,970,001
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$125,867,039
Interest on participant loans2022-12-31$97,117
Interest earned on other investments2022-12-31$33,157
Value of interest in common/collective trusts at end of year2022-12-31$1,445,323
Value of interest in common/collective trusts at beginning of year2022-12-31$1,898,872
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$2,013,509
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$2,288,324
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-20,813,487
Net investment gain or loss from common/collective trusts2022-12-31$-251,561
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$5,305,913
Employer contributions (assets) at end of year2022-12-31$443,242
Employer contributions (assets) at beginning of year2022-12-31$364,699
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$14,298,687
Contract administrator fees2022-12-31$204,752
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 name2022-12-31CONDON O'MEARA MCGINTY AND DONNELLY
Accountancy firm EIN2022-12-31133628255
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total transfer of assets to this plan2022-01-01$514,814
Total transfer of assets from this plan2022-01-01$29,620
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-4,388,329
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$14,845,979
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$14,298,687
Expenses. Certain deemed distributions of participant loans2022-01-01$342,540
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$16,169,897
Value of total assets at end of year2022-01-01$113,697,572
Value of total assets at beginning of year2022-01-01$132,446,686
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$204,752
Total interest from all sources2022-01-01$130,274
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$376,548
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$376,548
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$500,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$8,538,880
Participant contributions at end of year2022-01-01$1,822,189
Participant contributions at beginning of year2022-01-01$2,025,569
Participant contributions at end of year2022-01-01$3,308
Participant contributions at beginning of year2022-01-01$2,183
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$2,325,104
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-19,234,308
Value of net assets at end of year (total assets less liabilities)2022-01-01$113,697,572
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$132,446,686
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$107,970,001
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$125,867,039
Interest on participant loans2022-01-01$97,117
Interest earned on other investments2022-01-01$33,157
Value of interest in common/collective trusts at end of year2022-01-01$1,445,323
Value of interest in common/collective trusts at beginning of year2022-01-01$1,898,872
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$2,013,509
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$2,288,324
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-20,813,487
Net investment gain or loss from common/collective trusts2022-01-01$-251,561
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$5,305,913
Employer contributions (assets) at end of year2022-01-01$443,242
Employer contributions (assets) at beginning of year2022-01-01$364,699
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$14,298,687
Contract administrator fees2022-01-01$204,752
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01CONDON O'MEARA MCGINTY AND DONNELLY
Accountancy firm EIN2022-01-01133628255
2021 : IHI GROUP 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$81,260
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$976
Total income from all sources (including contributions)2021-12-31$31,002,205
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$16,832,680
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$16,334,787
Expenses. Certain deemed distributions of participant loans2021-12-31$309,762
Value of total corrective distributions2021-12-31$3,839
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$15,815,774
Value of total assets at end of year2021-12-31$132,446,686
Value of total assets at beginning of year2021-12-31$118,196,877
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$184,292
Total interest from all sources2021-12-31$121,916
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$2,084,948
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$2,084,948
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$7,668,425
Participant contributions at end of year2021-12-31$2,025,569
Participant contributions at beginning of year2021-12-31$1,591,445
Participant contributions at end of year2021-12-31$2,183
Participant contributions at beginning of year2021-12-31$93,430
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$3,385,703
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$976
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$14,169,525
Value of net assets at end of year (total assets less liabilities)2021-12-31$132,446,686
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$118,195,901
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$125,867,039
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$110,125,904
Interest on participant loans2021-12-31$78,249
Interest earned on other investments2021-12-31$43,667
Value of interest in common/collective trusts at end of year2021-12-31$1,898,872
Value of interest in common/collective trusts at beginning of year2021-12-31$2,464,846
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$2,288,324
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$3,317,892
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$13,013,023
Net investment gain or loss from common/collective trusts2021-12-31$-33,456
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$4,761,646
Employer contributions (assets) at end of year2021-12-31$364,699
Employer contributions (assets) at beginning of year2021-12-31$603,360
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$16,334,787
Contract administrator fees2021-12-31$184,292
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 name2021-12-31CONDON O'MEARA MCGINTY AND DONNELLY
Accountancy firm EIN2021-12-31133628255
2020 : IHI GROUP 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$208,214
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$976
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$2,463
Total income from all sources (including contributions)2020-12-31$28,952,672
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$22,546,525
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$22,285,828
Expenses. Certain deemed distributions of participant loans2020-12-31$81,280
Value of total corrective distributions2020-12-31$1,166
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$14,071,509
Value of total assets at end of year2020-12-31$118,196,877
Value of total assets at beginning of year2020-12-31$111,584,003
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$178,251
Total interest from all sources2020-12-31$142,936
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,580,660
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$1,580,660
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
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$7,714,687
Participant contributions at end of year2020-12-31$1,591,445
Participant contributions at beginning of year2020-12-31$1,337,144
Participant contributions at end of year2020-12-31$93,430
Participant contributions at beginning of year2020-12-31$691
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$1,511,194
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$976
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$2,463
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$6,406,147
Value of net assets at end of year (total assets less liabilities)2020-12-31$118,195,901
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$111,581,540
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$110,125,904
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$103,744,657
Interest on participant loans2020-12-31$78,785
Interest earned on other investments2020-12-31$64,151
Value of interest in common/collective trusts at end of year2020-12-31$2,464,846
Value of interest in common/collective trusts at beginning of year2020-12-31$1,727,693
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$3,317,892
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$4,125,807
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$12,959,978
Net investment gain or loss from common/collective trusts2020-12-31$197,589
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$4,845,628
Employer contributions (assets) at end of year2020-12-31$603,360
Employer contributions (assets) at beginning of year2020-12-31$648,011
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$22,285,828
Contract administrator fees2020-12-31$178,251
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 name2020-12-31CONDON O'MEARA MCGINTY AND DONNELLY
Accountancy firm EIN2020-12-31133628255

Form 5500 Responses for IHI GROUP 401(K) PROFIT SHARING PLAN

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

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered1221
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $401
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?Yes
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
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number461013
Policy instance 2
Insurance contract or identification number461013
Number of Individuals Covered1221
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1
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?Yes
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
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1

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