ART ASSET ADJUSTERS, LLC has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2021 : ART ASSET ADJUSTERS 401K PLAN 2021 401k financial data |
|---|
| Total transfer of assets from this plan | 2021-12-31 | $2,696,831 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $15,998 |
| Total income from all sources (including contributions) | 2021-12-31 | $600,909 |
| Total of all expenses incurred | 2021-12-31 | $1,804,176 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $1,757,484 |
| Value of total corrective distributions | 2021-12-31 | $15,998 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $182,972 |
| Value of total assets at end of year | 2021-12-31 | $15,998 |
| Value of total assets at beginning of year | 2021-12-31 | $3,900,098 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $30,694 |
| Total interest from all sources | 2021-12-31 | $24,412 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2021-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $300,000 |
| 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 | $140,650 |
| Participant contributions at beginning of year | 2021-12-31 | $309,298 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $265 |
| 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 | $-1,203,267 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $3,900,098 |
| 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 |
| Investment advisory and management fees | 2021-12-31 | $30,694 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $3,585,402 |
| Interest on participant loans | 2021-12-31 | $5,667 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $18,745 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $5,398 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $393,525 |
| 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 |
| Contributions received in cash from employer | 2021-12-31 | $42,057 |
| Employer contributions (assets) at end of year | 2021-12-31 | $15,998 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $1,757,484 |
| Liabilities. Value of benefit claims payable at end of year | 2021-12-31 | $15,998 |
| 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 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | WALTERS & ASSOCIATES,CPAS |
| Accountancy firm EIN | 2021-12-31 | 593618759 |
