SOLUS ALTERNATIVE ASSET MANAGEMENT L

25 MAPLE ST
SUMMIT, NJ 07901

Business Stats

Policy History

Term Carrier
2022

Contacts

4
(344) 559-5967
dfc

Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015
BOY Assets: $ 26,905,521 $ 13,998,662 $ 96,149,180 $ 15,924,014 $ 49,004,889 $ 76,711,783 $ 44,914,463
Liabilities: $ 0 $ 225 $ 228 $ 4 $ 900,000 $ 5
EE Contrib: $ 589,915 $ 890,020 $ 2,412,326 $ 8,601,540 $ 2,771 $ 970,386 $ 828,722
Emp Contrib: $ 418,964 $ 873,657 $ 416,876 $ 902,745 $ 556,912 $ 266,042 $ 642,737
Income/Loss: $ 7,277,501 $ 463,455 $ 260,340($ 618,815) $ 4,069,924 $ 1
Total Income: $ 8,286,380 $ 366,989 $ 8,876,617 $ 551,489 $ 3,560,834 $ 6,758,717 $ 5,022,280
Paid Benefits: $ 3,368,448 $ 1,666,465 $ 56,044 $ 439,052 $ 918,901 $ 630,932 $ 629,479
Expenses: $ 0 $ 9 $ 8 $ 678 $ 5 $ 0
  Commission: $ 1,212 $ 576 $ 461 $ 974 $ 8,475 $ 40,762 $ 1,632
Net Income: $ 4,916,720 $ 925,724 $ 1,682,315 $ 761,137 $ 9,011,625 $ 8,400,708 $ 817,076
Net Assets: $ 31,822,241 $ 79,121,840 $ 65,392,311 $ 78,494,554 $ 42,980,637 $ 51,746,288 $ 98,313,030

Participants

2021202020192018201720162015
Total Participants:72581416208321
Active Part.:32868861875377
Retired Part.:3ab271a1c9e82f
Deceased Part.:6d68c4498cb69

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    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 - Stock bonusCode 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.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    3D - Pre-approved pension plan - A master, prototype, or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).