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WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameWORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN
Plan identification number 001

WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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.
  • 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 contribtions 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

WORLDWIDE TECHSERVICES has sponsored the creation of one or more 401k plans.

Company Name:WORLDWIDE TECHSERVICES
Employer identification number (EIN):043401410
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01BRIAN MACNEIL
0012009-01-01BRIAN MACNEIL

Plan Statistics for WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2010: WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-011,769
Total number of active participants reported on line 7a of the Form 55002010-01-012,275
Number of retired or separated participants receiving benefits2010-01-014
Number of other retired or separated participants entitled to future benefits2010-01-01260
Total of all active and inactive participants2010-01-012,539
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-012,540
Number of participants with account balances2010-01-011,028
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011
2009: WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-011,403
Total number of active participants reported on line 7a of the Form 55002009-01-011,502
Number of retired or separated participants receiving benefits2009-01-016
Number of other retired or separated participants entitled to future benefits2009-01-01259
Total of all active and inactive participants2009-01-011,767
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-012
Total participants2009-01-011,769
Number of participants with account balances2009-01-01978
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0116

Financial Data on WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN

Measure Date Value
2010 : WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$22,504
Total unrealized appreciation/depreciation of assets2010-12-31$22,504
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$15,693
Total income from all sources (including contributions)2010-12-31$9,429,613
Total loss/gain on sale of assets2010-12-31$-45,046
Total of all expenses incurred2010-12-31$8,467,107
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$8,436,735
Expenses. Certain deemed distributions of participant loans2010-12-31$25,348
Value of total corrective distributions2010-12-31$-6,599
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$3,104,054
Value of total assets at end of year2010-12-31$61,216,530
Value of total assets at beginning of year2010-12-31$60,269,717
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$11,623
Total interest from all sources2010-12-31$113,120
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$987,428
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$944,389
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$2,865,216
Participant contributions at end of year2010-12-31$2,188,818
Participant contributions at beginning of year2010-12-31$2,093,039
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$238,838
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$7
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$15,693
Administrative expenses (other) incurred2010-12-31$11,623
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$962,506
Value of net assets at end of year (total assets less liabilities)2010-12-31$61,216,530
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$60,254,024
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$44,421,139
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$41,076,355
Interest on participant loans2010-12-31$106,602
Income. Interest from US Government securities2010-12-31$6,294
Value of interest in common/collective trusts at end of year2010-12-31$11,869,343
Value of interest in common/collective trusts at beginning of year2010-12-31$14,908,119
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,526,921
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,059,887
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,059,887
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$224
Asset value of US Government securities at end of year2010-12-31$166,403
Asset value of US Government securities at beginning of year2010-12-31$185,270
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$4,686,587
Net investment gain or loss from common/collective trusts2010-12-31$560,966
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Income. Dividends from common stock2010-12-31$43,039
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$8,436,735
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$1,043,906
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$947,040
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$2,220,577
Aggregate carrying amount (costs) on sale of assets2010-12-31$2,265,623
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MCGLADREY & PULLEN, LLP
Accountancy firm EIN2010-12-31420714325
2009 : WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN

2010: WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: WORLDWIDE TECHSERVICES 401(K) RETIREMENT SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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