SPRING OAKS CAPITAL has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SPRING OAKS CAPITAL 401(K) PLAN
| Measure | Date | Value |
|---|
| 2023 : SPRING OAKS CAPITAL 401(K) PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $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 | $2,065,649 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $584,267 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $540,158 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $1,751,731 |
| Value of total assets at end of year | 2023-12-31 | $2,592,207 |
| Value of total assets at beginning of year | 2023-12-31 | $1,110,825 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $44,109 |
| Total interest from all sources | 2023-12-31 | $4,738 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $6,515 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $6,515 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $872,657 |
| Participant contributions at end of year | 2023-12-31 | $75,877 |
| Participant contributions at beginning of year | 2023-12-31 | $20,868 |
| Participant contributions at end of year | 2023-12-31 | $14,982 |
| Participant contributions at beginning of year | 2023-12-31 | $14,164 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $347,124 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $1,481,382 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $2,592,207 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $1,110,825 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $319,505 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $202,176 |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $165,493 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $63,236 |
| Interest on participant loans | 2023-12-31 | $4,674 |
| Interest earned on other investments | 2023-12-31 | $64 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $1,999,559 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $799,637 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $7,554 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $1,660 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $33,340 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $20,113 |
| Net investment gain or loss from common/collective trusts | 2023-12-31 | $249,212 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $531,950 |
| Employer contributions (assets) at end of year | 2023-12-31 | $9,237 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $9,084 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $540,158 |
| Contract administrator fees | 2023-12-31 | $44,109 |
| Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | KREISCHER MILLER |
| Accountancy firm EIN | 2023-12-31 | 231980475 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $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 | $2,065,649 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $584,267 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $540,158 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $1,751,731 |
| Value of total assets at end of year | 2023-01-01 | $2,592,207 |
| Value of total assets at beginning of year | 2023-01-01 | $1,110,825 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $44,109 |
| Total interest from all sources | 2023-01-01 | $4,738 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $6,515 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $6,515 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $872,657 |
| Participant contributions at end of year | 2023-01-01 | $75,877 |
| Participant contributions at beginning of year | 2023-01-01 | $20,868 |
| Participant contributions at end of year | 2023-01-01 | $14,982 |
| Participant contributions at beginning of year | 2023-01-01 | $14,164 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $347,124 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $1,481,382 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $2,592,207 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $1,110,825 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $319,505 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $202,176 |
| Value of interest in pooled separate accounts at end of year | 2023-01-01 | $165,493 |
| Value of interest in pooled separate accounts at beginning of year | 2023-01-01 | $63,236 |
| Interest on participant loans | 2023-01-01 | $4,674 |
| Interest earned on other investments | 2023-01-01 | $64 |
| Value of interest in common/collective trusts at end of year | 2023-01-01 | $1,999,559 |
| Value of interest in common/collective trusts at beginning of year | 2023-01-01 | $799,637 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $7,554 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $1,660 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $33,340 |
| Net investment gain/loss from pooled separate accounts | 2023-01-01 | $20,113 |
| Net investment gain or loss from common/collective trusts | 2023-01-01 | $249,212 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $531,950 |
| Employer contributions (assets) at end of year | 2023-01-01 | $9,237 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $9,084 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $540,158 |
| Contract administrator fees | 2023-01-01 | $44,109 |
| Did the plan have assets held for investment | 2023-01-01 | 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 | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | KREISCHER MILLER |
| Accountancy firm EIN | 2023-01-01 | 231980475 |
| 2022 : SPRING OAKS CAPITAL 401(K) PLAN 2022 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2022-10-14 | 0 |
| Total liabilities as of the end of the plan year | 2022-10-14 | 0 |
| Total liabilities as of the beginning of the plan year | 2022-10-14 | 0 |
| Total expenses incurred by plan in this plan year | 2022-10-14 | 590 |
| Net assets as of the end of the plan year | 2022-10-14 | 186423 |
| Total assets as of the beginning of the plan year | 2022-10-14 | 0 |
| Participant contributions to plan in this plan year | 2022-10-14 | 134038 |
| Other expenses paid from plan in this plan year | 2022-10-14 | 0 |
| Other contributions to plan in this plan year | 2022-10-14 | 0 |
| Other income to plan in this plan year | 2022-10-14 | 3642 |
| Plan net income in this plan year | 2022-10-14 | 186423 |
| Net assets as of the end of the plan year | 2022-10-14 | 186423 |
| Net assets as of the beginning of the plan year | 2022-10-14 | 0 |
| Employer contributions to plan in this plan year | 2022-10-14 | 49333 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-10-14 | 340 |
