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THE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameTHE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST
Plan identification number 001

THE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Target benefit plan
  • Profit-sharing
  • 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.

401k Sponsoring company profile

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

Company Name:GLOBAL SOURCING, INC.
Employer identification number (EIN):133415179
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01MARK J ORAVEC2023-06-16 MARK J ORAVEC2023-06-16
0012021-01-01MARK ORAVEC2022-05-25 MARK ORAVEC2022-05-25
0012020-01-01MARK ORAVEC2021-05-25 MARK ORAVEC2021-05-25
0012018-01-01MARK J ORAVEC2019-06-26 MARK J ORAVEC2019-06-26
0012017-01-01MARK ORAVEC2018-03-14 MARK ORAVEC2018-03-14
0012016-01-01MARK ORAVEC2017-03-27 MARK ORAVEC2017-03-27
0012015-01-01MARK ORAVEC2016-09-15 MARK ORAVEC2016-09-15
0012014-01-01MARK ORAVEC2015-04-09 MARK ORAVEC2015-04-09
0012013-01-01MARK ORAVEC2014-03-17 MARK ORAVEC2014-03-17
0012012-01-01MARK ORAVEC2013-06-13 MARK ORAVEC2013-06-13
0012011-01-01MARK ORAVEC2012-05-01 MARK ORAVEC2012-05-01
0012009-01-01MARK ORAVEC MARK ORAVEC2010-08-19
0012009-01-01MARK ORAVEC MARK ORAVEC2010-08-13

Plan Statistics for THE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for THE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2009: THE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-016
Total number of active participants reported on line 7a of the Form 55002009-01-014
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-012
Total of all active and inactive participants2009-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-016
Number of participants with account balances2009-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on THE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2010 : THE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$159,317
Expenses. Total of all expenses incurred2010-12-31$5,393
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$830,184
Total plan assets at beginning of year2010-12-31$676,260
Value of fidelity bond covering the plan2010-12-31$60,000
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$77,577
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$153,924
Net plan assets at end of year (total assets less liabilities)2010-12-31$830,184
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$676,260
Total contributions received or receivable from employer(s)2010-12-31$81,740
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$5,393
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$81,740
Amount contributed by the employer to the plan for this plan year2010-12-31$81,740
2009 : THE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST 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
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$83,104
Amount contributed by the employer to the plan for this plan year2009-12-31$83,104

Form 5500 Responses for THE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST

2009: THE GLOBAL SOURCING, INC. PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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 is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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