GENESIS NETWORK SOLUTIONS, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan GENESIS NETWORKS SOLUTIONS, INC. 401K PLAN
401k plan membership statisitcs for GENESIS NETWORKS SOLUTIONS, INC. 401K PLAN
| Measure | Date | Value |
|---|
| 2010 : GENESIS NETWORKS SOLUTIONS, INC. 401K PLAN 2010 401k financial data |
|---|
| Total transfer of assets from this plan | 2010-10-14 | $138,498 |
| Total income from all sources (including contributions) | 2010-10-14 | $25,997 |
| Total of all expenses incurred | 2010-10-14 | $47,369 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-10-14 | $47,363 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-10-14 | $20,986 |
| Value of total assets at end of year | 2010-10-14 | $0 |
| Value of total assets at beginning of year | 2010-10-14 | $159,870 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-10-14 | $6 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-10-14 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2010-10-14 | $0 |
| Was this plan covered by a fidelity bond | 2010-10-14 | Yes |
| Value of fidelity bond cover | 2010-10-14 | $100,000 |
| If this is an individual account plan, was there a blackout period | 2010-10-14 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-10-14 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2010-10-14 | No |
| Contributions received from participants | 2010-10-14 | $20,986 |
| Participant contributions at end of year | 2010-10-14 | $0 |
| Participant contributions at beginning of year | 2010-10-14 | $1,156 |
| Participant contributions at end of year | 2010-10-14 | $0 |
| Participant contributions at beginning of year | 2010-10-14 | $1,181 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-10-14 | No |
| Value of net income/loss | 2010-10-14 | $-21,372 |
| Value of net assets at end of year (total assets less liabilities) | 2010-10-14 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-10-14 | $159,870 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-10-14 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-10-14 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-10-14 | No |
| Value of interest in pooled separate accounts at end of year | 2010-10-14 | $0 |
| Value of interest in pooled separate accounts at beginning of year | 2010-10-14 | $157,533 |
| Net investment gain/loss from pooled separate accounts | 2010-10-14 | $5,011 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-10-14 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-10-14 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-10-14 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-10-14 | $47,363 |
| Contract administrator fees | 2010-10-14 | $6 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-10-14 | No |
| Did the plan have assets held for investment | 2010-10-14 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-10-14 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-10-14 | Yes |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-10-14 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2010-10-14 | Disclaimer |
| Accountancy firm name | 2010-10-14 | CONDLEY AND COMPANY, LLP |
| Accountancy firm EIN | 2010-10-14 | 751056027 |
| 2009 : GENESIS NETWORKS SOLUTIONS, INC. 401K PLAN 2009 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |
