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FORM 5500 DATA

Moritt Hock & Hamroff LLP 401k Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan01/01/2010
  • Net Assets as of 12/31/2018 $15,300,741
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants138
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits12
  • Subtotal150
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total150
  • Total number of participants as of 01/01/2018136
  • Number of participants with account balances123
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested6

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address400 Garden City Plaza Suite 200
  • CityGarden City
  • StateNY
  • Zip11530
  • Telephone(516) 873-2000
  • EIN11-2954522
  • Industry Code541110
  • Named AdministratorMarc Hamroff

Audit Information

  • Audit StatusAudited
  • AuditorRaich Ende Malter & Co LLP
  • Auditor EIN11-2336434
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? Yes
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? Yes

Financials

Income and Expense Statement

Income $1,340,326
Contributions $1,764,969
Cash Contributions $1,764,969
Cash from Employers $201,510
Cash from Participants $1,173,840
Others (including rollovers) $389,619
Noncash Contributions $0
Total Earnings on Investments $-424,643
Total Interest $44,347
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $9,414
Interest from Other Investments $34,933
Total Dividends $863,579
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $-1,332,569
Other Income $0
Expenses $1,348,295
Total Benefit Payments $1,277,229
Directly to participants or beneficiaries, including direct rollovers $1,277,229
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $19,427
Interest expense $0
Total Administrative Expenses $51,639
Professional Fees $0
Contract Administrator Fees $51,639
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-7,969
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $15,300,741 $15,308,710 -0.05%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $194,532 $292,391 -33.47%
Value of interest in common/collective trusts $0 $919,933 -100.00%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $14,048,868 $14,096,386 -0.34%
Value of funds held in insurance co. general account $1,057,341 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $15,300,741 $15,308,710 -0.05%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Commonwealth Financial Network Investment advisory (participants) Advisor $32,099 $0 $32,099
Paychex, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.) Recordkeeper $15,503 $0 $15,503
Fidelity Investments Institutional Recordkeeping fees, Account maintenance fees Recordkeeper $125 $0 $125
Total $47,727 $0 $47,727

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Ab Disc Grth I - Alliance Bernstein Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Amg Yacktman I - Bny Mellon Investm Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Ariel Fund - U.S. Bancorp Fund Serv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Dlwr Healthcare I Delaware Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Frost Tot Rtn Bd Is Dst Systems Inc Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Mfs Intl Divrsn R4 Mfs Service Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Pif Smcp S&P600 Inst Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Pimco Income I2 Dst Asset Manager Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Vrs Small Cap Grth Y Fis Investor Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional White Oak Sel Growth Sub-transfer agency fees %0.40 $0
Fidelity Investments Institutional Fid Sel Software Fidelity Selec Sub-transfer agency fees %0.54 $0
Fidelity Investments Institutional Fidelity Capital & Income Mgmt Sub-transfer agency fees %0.55 $0
Fidelity Investments Institutional Fid Sel Biotech Fidelity Selectco Sub-transfer agency fees 0.54% $0
Fidelity Investments Institutional Fid Sel Energy Fidelity Selectco Sub-transfer agency fees 0.54% $0
Fidelity Investments Institutional Fid Sel Utilities Fidelity Selectco Sub-transfer agency fees %0.54 $0
Fidelity Investments Institutional Fid Blue Chip Gr Fideliety Mgmt Sub-transfer agency fees %0.56 $0
Fidelity Investments Institutional Fid Freedom 2010 Fmr Sub-transfer agency fees %0.50 $0
Fidelity Investments Institutional Fid Freedom 2020 Fmr Co, Inc. Frmrc Sub-transfer agency fees %0.56 $0
Fidelity Investments Institutional Fid Freedom 2030 Fmr Co Sub-transfer agency fees %0.63 $0
Fidelity Investments Institutional Fid Freedom 2040 Fmr Sub-transfer agency fees %0.68 $0
Fidelity Investments Institutional Fid Freedom 2005 Fmr Sub-transfer agency fees %0.46 $0
Fidelity Investments Institutional Fid Freedom 2015 Fmr Co. Sub-transfer agency fees %0.53 $0
Fidelity Investments Institutional Fid Freedom 2025 Fmr Co. Sub-transfer agency fees %0.60 $0
Fidelity Investments Institutional Fid Freedom 2035 Fmr Co Sub-transfer agency fees %0.67 $0
Fidelity Investments Institutional Fid Freedom 2045 Sub-transfer agency fees %0.67 $0
Fidelity Investments Institutional Fid Freedom 2050 Sub-transfer agency fees %0.67 $0
Fidelity Investments Institutional Fid 500 Index Fidelity Mgmt Sub-transfer agency fees %0.01 $0
Fidelity Investments Institutional Fid Freedom 2055 Fmr Sub-transfer agency fees %0.67 $0
Fidelity Investments Institutional Fid Extd Mkt Idx Sub-transfer agency fees %0.04 $0
Fidelity Investments Institutional Fid Ermeg Mkts Disc Sub-transfer agency fees %0.84 $0
Fidelity Investments Institutional Fid Freedom 2060 Sub-transfer agency fees %0.67 $0
Lincoln National Life Insurance Lincoln Stable Value Sub-transfer agency fees %0.1*5 $0
MFS Mfs Intl Divrsn RF Sub-transfer agency fees %0.87*4 $0
Ariel Investments Ariel Investments Sub-transfer agency fees %0.58 $0
Oak Associates White Oak Sel Growth Sub-transfer agency fees %0.74 $0
First Eagle First Eagle Glbl R6 Sub-transfer agency fees %0.75 $0
Frost Funds Frost Tot Rtn Bd Sub-transfer agency fees %0.35 $0
Alliance Bernstien Ab Disc Grth I Sub-transfer agency fees %0.62 $0
Pimco Funds Pimco Income I2 Sub-transfer agency fees %0.60 $0
American Funds Af Balanced R6 Sub-transfer agency fees %0.22 $0
Victory Funds Vrs Small Cap Grth Sub-transfer agency fees %0.95 $0
Amg Funds Amg Yacktman I Amg Sub-transfer agency fees %0.43 $0
Delaware Funds By Macquarie Dlwr Healthcare I Delaware Sub-transfer agency fees %0.85 $0
Principal Funds Pif Smcp S&P 600 Inst Sub-transfer agency fees %0.15 $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Metlife Gac Series 25053 0 Reliance Trust Company DFE: Common/Collective Trust $0
Total $0

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Company 0
EIN 35-0472300
Industry Code 65676
Contract Number 895617 087
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $1,057,341
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0