CONVERCENT, INC has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2022 : CONVERCENT 401(K) 2022 401k financial data |
|---|
| Total transfer of assets from this plan | 2022-07-22 | $3,841,845 |
| Total income from all sources (including contributions) | 2022-07-22 | $-13,863 |
| Total of all expenses incurred | 2022-07-22 | $110,376 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-07-22 | $96,517 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-07-22 | $709,105 |
| Value of total assets at end of year | 2022-07-22 | $0 |
| Value of total assets at beginning of year | 2022-07-22 | $3,966,084 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-07-22 | $13,859 |
| Total interest from all sources | 2022-07-22 | $1,216 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-07-22 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2022-07-22 | $0 |
| Was this plan covered by a fidelity bond | 2022-07-22 | Yes |
| Value of fidelity bond cover | 2022-07-22 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-07-22 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-07-22 | No |
| Contributions received from participants | 2022-07-22 | $157,844 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-07-22 | $551,261 |
| Administrative expenses (other) incurred | 2022-07-22 | $13,859 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-07-22 | No |
| Value of net income/loss | 2022-07-22 | $-124,239 |
| Value of net assets at end of year (total assets less liabilities) | 2022-07-22 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-07-22 | $3,966,084 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-07-22 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-07-22 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-07-22 | No |
| Value of interest in pooled separate accounts at end of year | 2022-07-22 | $0 |
| Value of interest in pooled separate accounts at beginning of year | 2022-07-22 | $3,936,117 |
| Interest earned on other investments | 2022-07-22 | $1,216 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-07-22 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-07-22 | $29,967 |
| Net investment gain/loss from pooled separate accounts | 2022-07-22 | $-724,184 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-07-22 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-07-22 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-07-22 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-07-22 | $96,517 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-07-22 | Yes |
| Did the plan have assets held for investment | 2022-07-22 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-07-22 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-07-22 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2022-07-22 | Unqualified |
| Accountancy firm name | 2022-07-22 | ROSS LANE & COMPANY, LLC |
| Accountancy firm EIN | 2022-07-22 | 581686745 |
| 2021 : CONVERCENT 401(K) 2021 401k financial data |
|---|
| Total income from all sources (including contributions) | 2021-12-31 | $1,684,983 |
| Total of all expenses incurred | 2021-12-31 | $240,588 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $222,383 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,190,867 |
| Value of total assets at end of year | 2021-12-31 | $3,966,084 |
| Value of total assets at beginning of year | 2021-12-31 | $2,521,689 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $18,205 |
| Total interest from all sources | 2021-12-31 | $386 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $909,149 |
| Participant contributions at end of year | 2021-12-31 | $0 |
| Participant contributions at beginning of year | 2021-12-31 | $20,534 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $281,718 |
| Administrative expenses (other) incurred | 2021-12-31 | $18,205 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $1,444,395 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $3,966,084 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $2,521,689 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2021-12-31 | $3,936,117 |
| Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $2,479,082 |
| Interest earned on other investments | 2021-12-31 | $386 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $29,967 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $22,073 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $493,730 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $222,383 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2021-12-31 | No |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | PLANTE & MORAN, PLLC |
| Accountancy firm EIN | 2021-12-31 | 381357951 |
| 2020 : CONVERCENT 401(K) 2020 401k financial data |
|---|
| Total income from all sources (including contributions) | 2020-12-31 | $921,093 |
| Total of all expenses incurred | 2020-12-31 | $406,703 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $393,138 |
| Value of total corrective distributions | 2020-12-31 | $159 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $575,814 |
| Value of total assets at end of year | 2020-12-31 | $2,521,689 |
| Value of total assets at beginning of year | 2020-12-31 | $2,007,299 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $13,406 |
| Total interest from all sources | 2020-12-31 | $1,211 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $502,729 |
| Participant contributions at end of year | 2020-12-31 | $20,534 |
| Participant contributions at beginning of year | 2020-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $73,085 |
| Administrative expenses (other) incurred | 2020-12-31 | $13,406 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $514,390 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $2,521,689 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $2,007,299 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2020-12-31 | $2,479,082 |
| Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $1,991,865 |
| Interest earned on other investments | 2020-12-31 | $1,211 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $22,073 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $15,434 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $393,138 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2020-12-31 | No |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | PLANTE & MORAN, PLLC |
| Accountancy firm EIN | 2020-12-31 | 381357951 |
| 2019 : CONVERCENT 401(K) 2019 401k financial data |
|---|
| Total income from all sources (including contributions) | 2019-12-31 | $917,642 |
| Total of all expenses incurred | 2019-12-31 | $147,816 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $136,934 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $570,750 |
| Value of total assets at end of year | 2019-12-31 | $2,007,299 |
| Value of total assets at beginning of year | 2019-12-31 | $1,237,473 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $10,882 |
| Total interest from all sources | 2019-12-31 | $162 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $557,588 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $13,162 |
| Administrative expenses (other) incurred | 2019-12-31 | $10,882 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $769,826 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $2,007,299 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $1,237,473 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2019-12-31 | $1,991,865 |
| Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $1,234,705 |
| Interest earned on other investments | 2019-12-31 | $162 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $15,434 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $2,768 |
| Net investment gain/loss from pooled separate accounts | 2019-12-31 | $346,730 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $136,934 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2019-12-31 | No |
| Did the plan have assets held for investment | 2019-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Accountancy firm name | 2019-12-31 | PLANTE & MORAN, PLLC |
| Accountancy firm EIN | 2019-12-31 | 381357951 |
| 2018 : CONVERCENT 401(K) 2018 401k financial data |
|---|
| Total transfer of assets to this plan | 2018-12-31 | $966,704 |
| Total income from all sources (including contributions) | 2018-12-31 | $316,902 |
| Total of all expenses incurred | 2018-12-31 | $46,133 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $41,425 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $423,450 |
| Value of total assets at end of year | 2018-12-31 | $1,237,473 |
| Value of total assets at beginning of year | 2018-12-31 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $4,708 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
| Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
| Value of fidelity bond cover | 2018-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
| Contributions received from participants | 2018-12-31 | $266,294 |
| Participant contributions at beginning of year | 2018-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $157,156 |
| Administrative expenses (other) incurred | 2018-12-31 | $4,708 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Value of net income/loss | 2018-12-31 | $270,769 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $1,237,473 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $0 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2018-12-31 | $1,234,705 |
| Value of interest in pooled separate accounts at beginning of year | 2018-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-12-31 | $2,768 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-12-31 | $0 |
| Net investment gain/loss from pooled separate accounts | 2018-12-31 | $-106,548 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $41,425 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2018-12-31 | No |
| Did the plan have assets held for investment | 2018-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
| Accountancy firm name | 2018-12-31 | PLANTE & MORAN, PLLC |
| Accountancy firm EIN | 2018-12-31 | 381357951 |
