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PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NamePHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 003

PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Stock bonus
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

PHACIL, INC. has sponsored the creation of one or more 401k plans.

Company Name:PHACIL, INC.
Employer identification number (EIN):943400443
NAIC Classification:541512
NAIC Description:Computer Systems Design Services

Additional information about PHACIL, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2007-12-29
Company Identification Number: 0800917174
Legal Registered Office Address: 8484 WESTPARK DR STE 600

MC LEAN
United States of America (USA)
22102

More information about PHACIL, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01MEHDI CHERQAOUI
0032016-01-01MEHDI CHERQAOUI

Plan Statistics for PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2021: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01719
Total number of active participants reported on line 7a of the Form 55002021-01-010
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-010
Number of participants with account balances2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01719
Total number of active participants reported on line 7a of the Form 55002020-01-01444
Number of retired or separated participants receiving benefits2020-01-01259
Number of other retired or separated participants entitled to future benefits2020-01-0112
Total of all active and inactive participants2020-01-01715
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-014
Total participants2020-01-01719
Number of participants with account balances2020-01-01717
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01719
Total number of active participants reported on line 7a of the Form 55002019-01-01445
Number of retired or separated participants receiving benefits2019-01-01259
Number of other retired or separated participants entitled to future benefits2019-01-0112
Total of all active and inactive participants2019-01-01716
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-013
Total participants2019-01-01719
Number of participants with account balances2019-01-01717
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01696
Total number of active participants reported on line 7a of the Form 55002018-01-01476
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01239
Total of all active and inactive participants2018-01-01715
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01716
Number of participants with account balances2018-01-01712
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-01143
2017: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01533
Total number of active participants reported on line 7a of the Form 55002017-01-01581
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01113
Total of all active and inactive participants2017-01-01694
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01695
Number of participants with account balances2017-01-01689
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-01203
2016: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-010
Total number of active participants reported on line 7a of the Form 55002016-01-01532
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-01532
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-01533
Number of participants with account balances2016-01-01528
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2021 : PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-11-16$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-11-16$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-11-16$0
Total income from all sources (including contributions)2021-11-16$0
Total loss/gain on sale of assets2021-11-16$0
Total of all expenses incurred2021-11-16$3,149,188
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-11-16$3,143,611
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-11-16$0
Value of total assets at end of year2021-11-16$0
Value of total assets at beginning of year2021-11-16$3,149,188
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-11-16$5,577
Total interest from all sources2021-11-16$0
Total dividends received (eg from common stock, registered investment company shares)2021-11-16$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-11-16Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-11-16$0
Was this plan covered by a fidelity bond2021-11-16Yes
Value of fidelity bond cover2021-11-16$500,000
If this is an individual account plan, was there a blackout period2021-11-16No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-11-16$0
Were there any nonexempt tranactions with any party-in-interest2021-11-16No
Administrative expenses (other) incurred2021-11-16$5,577
Total non interest bearing cash at end of year2021-11-16$0
Total non interest bearing cash at beginning of year2021-11-16$3,149,188
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-11-16No
Value of net income/loss2021-11-16$-3,149,188
Value of net assets at end of year (total assets less liabilities)2021-11-16$0
Value of net assets at beginning of year (total assets less liabilities)2021-11-16$3,149,188
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-11-16No
Were any loans by the plan or fixed income obligations due to the plan in default2021-11-16No
Were any leases to which the plan was party in default or uncollectible2021-11-16No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-11-16No
Was there a failure to transmit to the plan any participant contributions2021-11-16No
Has the plan failed to provide any benefit when due under the plan2021-11-16No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-11-16$3,143,611
Did the plan have assets held for investment2021-11-16No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-11-16No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-11-16Yes
Opinion of an independent qualified public accountant for this plan2021-11-16Unqualified
Accountancy firm name2021-11-16ARONSON, LLC
Accountancy firm EIN2021-11-16371611326
2020 : PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$16,627
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$5,922
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$0
Value of total assets at end of year2020-12-31$3,149,188
Value of total assets at beginning of year2020-12-31$3,138,483
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$5,922
Total interest from all sources2020-12-31$15,366
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-12-31$0
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
Other income not declared elsewhere2020-12-31$1,261
Administrative expenses (other) incurred2020-12-31$5,922
Total non interest bearing cash at end of year2020-12-31$3,149,188
Total non interest bearing cash at beginning of year2020-12-31$3,138,483
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$10,705
Value of net assets at end of year (total assets less liabilities)2020-12-31$3,149,188
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,138,483
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
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$15,366
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Did the plan have assets held for investment2020-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31ARONSON, LLC
Accountancy firm EIN2020-12-31371611326
2019 : PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$-25,155
Total unrealized appreciation/depreciation of assets2019-12-31$-25,155
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$8,022,735
Total income from all sources (including contributions)2019-12-31$3,220,352
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$12,969,340
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$12,958,028
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,457,548
Value of total assets at end of year2019-12-31$3,138,483
Value of total assets at beginning of year2019-12-31$20,910,206
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$11,312
Total interest from all sources2019-12-31$124,527
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$54,981
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-31$0
Administrative expenses professional fees incurred2019-12-31$11,312
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$154,381
Other income not declared elsewhere2019-12-31$608,451
Total non interest bearing cash at end of year2019-12-31$3,138,483
Total non interest bearing cash at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-9,748,988
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,138,483
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$12,887,471
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$124,527
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$0
Assets. Invements in employer securities at beginning of year2019-12-31$15,400,000
Contributions received in cash from employer2019-12-31$2,457,548
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$5,510,206
Income. Dividends from common stock2019-12-31$54,981
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$12,958,028
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Liabilities. Value of acquisition indebtedness at end of year2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$7,868,354
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31ARONSON, LLC
Accountancy firm EIN2019-12-31371611326
2018 : PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$2,100,000
Total unrealized appreciation/depreciation of assets2018-12-31$2,100,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$8,022,735
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$8,382,499
Expenses. Interest paid2018-12-31$154,381
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022018-12-31$154,381
Total income from all sources (including contributions)2018-12-31$7,610,206
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$154,381
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$5,510,206
Value of total assets at end of year2018-12-31$20,910,206
Value of total assets at beginning of year2018-12-31$13,814,145
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$0
Total interest from all sources2018-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$154,381
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$162,362
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$7,455,825
Value of net assets at end of year (total assets less liabilities)2018-12-31$12,887,471
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$5,431,646
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$15,400,000
Assets. Invements in employer securities at beginning of year2018-12-31$13,300,000
Contributions received in cash from employer2018-12-31$5,510,206
Employer contributions (assets) at end of year2018-12-31$5,510,206
Employer contributions (assets) at beginning of year2018-12-31$514,145
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Liabilities. Value of acquisition indebtedness at end of year2018-12-31$7,868,354
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$8,220,137
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31ARONSON, LLC
Accountancy firm EIN2018-12-31371611326
2017 : PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$4,200,000
Total unrealized appreciation/depreciation of assets2017-12-31$4,200,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$8,382,499
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$16,820,137
Total income from all sources (including contributions)2017-12-31$4,714,145
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$162,362
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$162,362
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$514,145
Value of total assets at end of year2017-12-31$13,814,145
Value of total assets at beginning of year2017-12-31$17,700,000
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$0
Total interest from all sources2017-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$162,362
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$162,362
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$170,137
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$4,551,783
Value of net assets at end of year (total assets less liabilities)2017-12-31$5,431,646
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$879,863
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$13,300,000
Assets. Invements in employer securities at beginning of year2017-12-31$9,100,000
Contributions received in cash from employer2017-12-31$514,145
Employer contributions (assets) at end of year2017-12-31$514,145
Employer contributions (assets) at beginning of year2017-12-31$8,600,000
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Liabilities. Value of acquisition indebtedness at end of year2017-12-31$8,220,137
Liabilities. Value of acquisition indebtedness at beginning of year2017-12-31$16,650,000
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31ARONSON, LLC
Accountancy firm EIN2017-12-31371611326
2016 : PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of real estate assets2016-12-31$-7,550,000
Total unrealized appreciation/depreciation of assets2016-12-31$-7,550,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$16,820,137
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Expenses. Interest paid2016-12-31$170,137
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-31$170,137
Total income from all sources (including contributions)2016-12-31$1,050,000
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$170,137
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$8,600,000
Value of total assets at end of year2016-12-31$17,700,000
Value of total assets at beginning of year2016-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$0
Total interest from all sources2016-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$170,137
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$879,863
Value of net assets at end of year (total assets less liabilities)2016-12-31$879,863
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$9,100,000
Assets. Invements in employer securities at beginning of year2016-12-31$0
Contributions received in cash from employer2016-12-31$8,600,000
Employer contributions (assets) at end of year2016-12-31$8,600,000
Employer contributions (assets) at beginning of year2016-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31No
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Liabilities. Value of acquisition indebtedness at end of year2016-12-31$16,650,000
Liabilities. Value of acquisition indebtedness at beginning of year2016-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31ARONSON, LLC
Accountancy firm EIN2016-12-31371611326

Form 5500 Responses for PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2021: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP 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 filingYes
2021-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP 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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PHACIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01First time form 5500 has been submittedYes
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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