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PAYENTRY FINANCIAL SERVICES INC MULTIPLE EMPLOYER 401(K) PLAN-VASY 401k Plan overview

Plan NamePAYENTRY FINANCIAL SERVICES INC MULTIPLE EMPLOYER 401(K) PLAN-VASY
Plan identification number 001

PAYENTRY FINANCIAL SERVICES INC MULTIPLE EMPLOYER 401(K) PLAN-VASY 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.
  • 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

VALUE SYSTEMS INC. has sponsored the creation of one or more 401k plans.

Company Name:VALUE SYSTEMS INC.
Employer identification number (EIN):371765884
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PAYENTRY FINANCIAL SERVICES INC MULTIPLE EMPLOYER 401(K) PLAN-VASY

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01MELISSA MCGRATH2022-05-12
0012020-01-01MELISSA MCGRATH2021-04-21
0012019-01-01MELISSA MCGRATH2020-07-17

Plan Statistics for PAYENTRY FINANCIAL SERVICES INC MULTIPLE EMPLOYER 401(K) PLAN-VASY

401k plan membership statisitcs for PAYENTRY FINANCIAL SERVICES INC MULTIPLE EMPLOYER 401(K) PLAN-VASY

Measure Date Value
2022: PAYENTRY FINANCIAL SERVICES INC MULTIPLE EMPLOYER 401(K) PLAN-VASY 2022 401k membership
Total number of particpants at beginning of year2022-05-125
Total number of particpants at end of year2022-05-125
Number of Participants With Account Balances2022-05-124

Financial Data on PAYENTRY FINANCIAL SERVICES INC MULTIPLE EMPLOYER 401(K) PLAN-VASY

Measure Date Value
2022 : PAYENTRY FINANCIAL SERVICES INC MULTIPLE EMPLOYER 401(K) PLAN-VASY 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-12491
Net assets as of the end of the plan year2022-05-1237293
Total assets as of the beginning of the plan year2022-05-1220985
Value of plan covered by a fidelity bond2022-05-125000
Participant contributions to plan in this plan year2022-05-126704
Other income to plan in this plan year2022-05-123985
Plan net income in this plan year2022-05-1216308
Net assets as of the end of the plan year2022-05-1237293
Net assets as of the beginning of the plan year2022-05-1220985
Employer contributions to plan in this plan year2022-05-126110
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-12491

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