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FINANCIAL PACIFIC RETIREMENT PLAN 401k Plan overview

Plan NameFINANCIAL PACIFIC RETIREMENT PLAN
Plan identification number 001

FINANCIAL PACIFIC RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FINANCIAL PACIFIC LEASING, LLC has sponsored the creation of one or more 401k plans.

Company Name:FINANCIAL PACIFIC LEASING, LLC
Employer identification number (EIN):273546728
NAIC Classification:532400
NAIC Description: Commercial and Industrial Machinery and Equipment Rental and Leasing

Additional information about FINANCIAL PACIFIC LEASING, LLC

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 1997-12-19
Company Identification Number: 601840596
Legal Registered Office Address: 3455 S 344TH WAY STE 300

FEDERAL WAY
United States of America (USA)
980019546

More information about FINANCIAL PACIFIC LEASING, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FINANCIAL PACIFIC RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01PETER DAVIS PETER DAVIS2012-07-23
0012010-01-01PETER DAVIS PETER DAVIS2011-07-13

Plan Statistics for FINANCIAL PACIFIC RETIREMENT PLAN

401k plan membership statisitcs for FINANCIAL PACIFIC RETIREMENT PLAN

Measure Date Value
2011: FINANCIAL PACIFIC RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01135
Total number of active participants reported on line 7a of the Form 55002011-01-01124
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-018
Total of all active and inactive participants2011-01-01132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01132
Number of participants with account balances2011-01-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012
2010: FINANCIAL PACIFIC RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01142
Total number of active participants reported on line 7a of the Form 55002010-01-01125
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-019
Total of all active and inactive participants2010-01-01134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01134
Number of participants with account balances2010-01-01102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011

Financial Data on FINANCIAL PACIFIC RETIREMENT PLAN

Measure Date Value
2012 : FINANCIAL PACIFIC RETIREMENT PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets2012-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$0
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets to this plan2012-12-31$0
Total transfer of assets from this plan2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$842
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$274
Expenses. Interest paid2012-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,150,424
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$560,240
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$540,027
Expenses. Certain deemed distributions of participant loans2012-12-31$0
Value of total corrective distributions2012-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$517,328
Value of total assets at end of year2012-12-31$5,432,308
Value of total assets at beginning of year2012-12-31$4,841,556
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$20,213
Total income from rents2012-12-31$0
Total interest from all sources2012-12-31$6,450
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$105,542
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$105,542
Administrative expenses professional fees incurred2012-12-31$20,055
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$3,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Contributions received from participants2012-12-31$343,765
Participant contributions at end of year2012-12-31$198,606
Participant contributions at beginning of year2012-12-31$132,613
Participant contributions at end of year2012-12-31$12,707
Participant contributions at beginning of year2012-12-31$15,166
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$0
Other income not declared elsewhere2012-12-31$17,702
Administrative expenses (other) incurred2012-12-31$158
Liabilities. Value of operating payables at end of year2012-12-31$842
Liabilities. Value of operating payables at beginning of year2012-12-31$274
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Income. Non cash contributions2012-12-31$0
Value of net income/loss2012-12-31$590,184
Value of net assets at end of year (total assets less liabilities)2012-12-31$5,431,466
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$4,841,282
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$5,085,841
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$4,446,490
Interest on participant loans2012-12-31$6,450
Income. Interest from loans (other than to participants)2012-12-31$0
Interest earned on other investments2012-12-31$0
Income. Interest from US Government securities2012-12-31$0
Income. Interest from corporate debt instruments2012-12-31$0
Value of interest in common/collective trusts at end of year2012-12-31$118,466
Value of interest in common/collective trusts at beginning of year2012-12-31$231,091
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$10,717
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$10,131
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$10,131
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$505,600
Net investment gain/loss from pooled separate accounts2012-12-31$0
Net investment gain or loss from common/collective trusts2012-12-31$-2,198
Net gain/loss from 103.12 investment entities2012-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$173,563
Employer contributions (assets) at end of year2012-12-31$5,971
Employer contributions (assets) at beginning of year2012-12-31$6,065
Income. Dividends from preferred stock2012-12-31$0
Income. Dividends from common stock2012-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$540,027
Contract administrator fees2012-12-31$0
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$0
Aggregate carrying amount (costs) on sale of assets2012-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31CLARK NUBER P.S.
Accountancy firm EIN2012-12-31911194016
2011 : FINANCIAL PACIFIC RETIREMENT PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$0
Total transfer of assets from this plan2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$274
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$206
Expenses. Interest paid2011-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$0
Total income from all sources (including contributions)2011-12-31$342,585
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$541,723
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$506,653
Expenses. Certain deemed distributions of participant loans2011-12-31$0
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$561,966
Value of total assets at end of year2011-12-31$4,841,556
Value of total assets at beginning of year2011-12-31$5,040,626
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$35,070
Total interest from all sources2011-12-31$5,088
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$18,579
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$3,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$350,111
Participant contributions at end of year2011-12-31$132,613
Participant contributions at beginning of year2011-12-31$104,361
Participant contributions at end of year2011-12-31$15,166
Participant contributions at beginning of year2011-12-31$10,772
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$37,000
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Other income not declared elsewhere2011-12-31$37,203
Administrative expenses (other) incurred2011-12-31$262
Liabilities. Value of operating payables at end of year2011-12-31$274
Liabilities. Value of operating payables at beginning of year2011-12-31$206
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Income. Non cash contributions2011-12-31$0
Value of net income/loss2011-12-31$-199,138
Value of net assets at end of year (total assets less liabilities)2011-12-31$4,841,282
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$5,040,420
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$16,229
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$4,446,490
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$4,732,808
Interest on participant loans2011-12-31$5,088
Value of interest in common/collective trusts at end of year2011-12-31$231,091
Value of interest in common/collective trusts at beginning of year2011-12-31$182,777
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$10,131
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$4,280
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$4,280
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-246,360
Net investment gain or loss from common/collective trusts2011-12-31$-15,312
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$174,855
Employer contributions (assets) at end of year2011-12-31$6,065
Employer contributions (assets) at beginning of year2011-12-31$5,628
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$506,653
Contract administrator fees2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31CLARK NUBER P.S.
Accountancy firm EIN2011-12-31911194016
2010 : FINANCIAL PACIFIC RETIREMENT PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$0
Total transfer of assets from this plan2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$206
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,142,923
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$102,901
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$81,116
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$544,271
Value of total assets at end of year2010-12-31$5,040,626
Value of total assets at beginning of year2010-12-31$4,000,398
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$21,785
Total interest from all sources2010-12-31$4,075
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$7,372
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$3,000,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
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$358,650
Participant contributions at end of year2010-12-31$104,361
Participant contributions at beginning of year2010-12-31$79,306
Participant contributions at end of year2010-12-31$10,772
Participant contributions at beginning of year2010-12-31$12,773
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Other income not declared elsewhere2010-12-31$26,702
Administrative expenses (other) incurred2010-12-31$2
Liabilities. Value of operating payables at end of year2010-12-31$206
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
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$1,040,022
Value of net assets at end of year (total assets less liabilities)2010-12-31$5,040,420
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$4,000,398
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
Investment advisory and management fees2010-12-31$14,411
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$4,732,808
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$3,746,965
Interest on participant loans2010-12-31$4,074
Value of interest in common/collective trusts at end of year2010-12-31$182,777
Value of interest in common/collective trusts at beginning of year2010-12-31$154,840
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$4,280
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$19
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$19
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$562,014
Net investment gain or loss from common/collective trusts2010-12-31$5,861
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
Contributions received in cash from employer2010-12-31$185,621
Employer contributions (assets) at end of year2010-12-31$5,628
Employer contributions (assets) at beginning of year2010-12-31$6,495
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$81,116
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
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
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 name2010-12-31CLARK NUBER P.S.
Accountancy firm EIN2010-12-31911194016

Form 5500 Responses for FINANCIAL PACIFIC RETIREMENT PLAN

2011: FINANCIAL PACIFIC RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: FINANCIAL PACIFIC RETIREMENT PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
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

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