YOUNG'S, INC. DBA YOUNG'S COMMERCIAL TRANSFER has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan YOUNG'S COMMERCIAL TRANSFER 401(K) PLAN
Measure | Date | Value |
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2023 : YOUNG'S COMMERCIAL TRANSFER 401(K) PLAN 2023 401k financial data |
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Total income from all sources (including contributions) | 2023-06-30 | $1,158,648 |
Total of all expenses incurred | 2023-06-30 | $168,484 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-06-30 | $127,991 |
Value of total corrective distributions | 2023-06-30 | $18,393 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-06-30 | $617,506 |
Value of total assets at end of year | 2023-06-30 | $4,407,127 |
Value of total assets at beginning of year | 2023-06-30 | $3,416,963 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-06-30 | $22,100 |
Total interest from all sources | 2023-06-30 | $5,651 |
Total dividends received (eg from common stock, registered investment company shares) | 2023-06-30 | $304,508 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-06-30 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2023-06-30 | $304,508 |
Was this plan covered by a fidelity bond | 2023-06-30 | Yes |
Value of fidelity bond cover | 2023-06-30 | $250,000 |
If this is an individual account plan, was there a blackout period | 2023-06-30 | No |
Were there any nonexempt tranactions with any party-in-interest | 2023-06-30 | No |
Contributions received from participants | 2023-06-30 | $422,585 |
Participant contributions at end of year | 2023-06-30 | $75,527 |
Participant contributions at beginning of year | 2023-06-30 | $126,658 |
Administrative expenses (other) incurred | 2023-06-30 | $1,325 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-06-30 | No |
Value of net income/loss | 2023-06-30 | $990,164 |
Value of net assets at end of year (total assets less liabilities) | 2023-06-30 | $4,407,127 |
Value of net assets at beginning of year (total assets less liabilities) | 2023-06-30 | $3,416,963 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2023-06-30 | No |
Were any leases to which the plan was party in default or uncollectible | 2023-06-30 | No |
Value of interest in pooled separate accounts at end of year | 2023-06-30 | $2,657,467 |
Value of interest in pooled separate accounts at beginning of year | 2023-06-30 | $3,290,305 |
Income. Interest from loans (other than to participants) | 2023-06-30 | $5,651 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-06-30 | $106,870 |
Net investment gain/loss from pooled separate accounts | 2023-06-30 | $230,983 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-06-30 | No |
Was there a failure to transmit to the plan any participant contributions | 2023-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2023-06-30 | No |
Contributions received in cash from employer | 2023-06-30 | $194,921 |
Employer contributions (assets) at end of year | 2023-06-30 | $4,241 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-06-30 | $127,991 |
Contract administrator fees | 2023-06-30 | $20,775 |
Assets. Corporate common stocks other than exployer securities at end of year | 2023-06-30 | $1,563,022 |
Did the plan have assets held for investment | 2023-06-30 | 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 | 2023-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-06-30 | No |
Opinion of an independent qualified public accountant for this plan | 2023-06-30 | Unqualified |
Accountancy firm name | 2023-06-30 | JWT & ASSOCIATES, LLP |
Accountancy firm EIN | 2023-06-30 | 472718509 |