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EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

OAKLAND FAMILY SERVICES has sponsored the creation of one or more 401k plans.

Company Name:OAKLAND FAMILY SERVICES
Employer identification number (EIN):381358388
NAIC Classification:624100
NAIC Description: Individual and Family Services

Additional information about OAKLAND FAMILY SERVICES

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: 790298

More information about OAKLAND FAMILY SERVICES

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01MICHAEL EARL MICHAEL EARL2013-10-14
0012011-01-01JACQUELINE ALLISON JACQUELINE ALLISON2012-10-10
0012010-01-01JACQUELINE ALLISON JACQUELINE ALLISON2011-10-14
0012009-01-01JACQUELINE S. ALLISON JACQUELINE S. ALLISON2010-10-08

Plan Statistics for EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES

Measure Date Value
2012: EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 2012 401k membership
Total participants, beginning-of-year2012-01-01198
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 2011 401k membership
Total participants, beginning-of-year2011-01-01198
Total number of active participants reported on line 7a of the Form 55002011-01-0132
Number of retired or separated participants receiving benefits2011-01-0133
Number of other retired or separated participants entitled to future benefits2011-01-01133
Total of all active and inactive participants2011-01-01198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 2010 401k membership
Total participants, beginning-of-year2010-01-01201
Total number of active participants reported on line 7a of the Form 55002010-01-0135
Number of retired or separated participants receiving benefits2010-01-01198
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-01233
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01233
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 2009 401k membership
Total participants, beginning-of-year2009-01-01203
Total number of active participants reported on line 7a of the Form 55002009-01-0139
Number of retired or separated participants receiving benefits2009-01-0123
Number of other retired or separated participants entitled to future benefits2009-01-01140
Total of all active and inactive participants2009-01-01202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01202
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES

Measure Date Value
2012 : EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-26$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-26$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-26$10,159
Total income from all sources (including contributions)2012-12-26$3,179,726
Total loss/gain on sale of assets2012-12-26$96,617
Total of all expenses incurred2012-12-26$6,534,103
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-26$6,382,749
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-26$2,988,127
Value of total assets at end of year2012-12-26$0
Value of total assets at beginning of year2012-12-26$3,364,536
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-26$151,354
Total interest from all sources2012-12-26$70,240
Total dividends received (eg from common stock, registered investment company shares)2012-12-26$24,742
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-26Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-12-26$0
Administrative expenses professional fees incurred2012-12-26$121,766
Assets. Corporate prefeered stocks other than exployer securities at end of year2012-12-26$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2012-12-26$149,654
Was this plan covered by a fidelity bond2012-12-26Yes
Value of fidelity bond cover2012-12-26$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-26$0
Were there any nonexempt tranactions with any party-in-interest2012-12-26No
Assets. Other investments not covered elsewhere at end of year2012-12-26$0
Assets. Other investments not covered elsewhere at beginning of year2012-12-26$327,687
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-26$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-26$34,092
Administrative expenses (other) incurred2012-12-26$9,980
Liabilities. Value of operating payables at end of year2012-12-26$0
Liabilities. Value of operating payables at beginning of year2012-12-26$10,159
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-26No
Value of net income/loss2012-12-26$-3,354,377
Value of net assets at end of year (total assets less liabilities)2012-12-26$0
Value of net assets at beginning of year (total assets less liabilities)2012-12-26$3,354,377
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-26No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-26No
Were any leases to which the plan was party in default or uncollectible2012-12-26No
Investment advisory and management fees2012-12-26$19,608
Income. Interest from corporate debt instruments2012-12-26$70,240
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-26$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-26$10,300
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-26$10,300
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-26$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-26$0
Expenses. Payments to insurance carriers foe the provision of benefits2012-12-26$1,773,210
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-26Yes
Was there a failure to transmit to the plan any participant contributions2012-12-26No
Has the plan failed to provide any benefit when due under the plan2012-12-26No
Contributions received in cash from employer2012-12-26$2,988,127
Employer contributions (assets) at end of year2012-12-26$0
Employer contributions (assets) at beginning of year2012-12-26$30,822
Income. Dividends from common stock2012-12-26$24,742
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-26$4,609,539
Asset. Corporate debt instrument debt (other) at end of year2012-12-26$0
Asset. Corporate debt instrument debt (other) at beginning of year2012-12-26$1,691,372
Assets. Corporate common stocks other than exployer securities at end of year2012-12-26$0
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-26$1,120,609
Did the plan have assets held for investment2012-12-26No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-26No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-26Yes
Aggregate proceeds on sale of assets2012-12-26$96,617
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-26Yes
Opinion of an independent qualified public accountant for this plan2012-12-26Disclaimer
Accountancy firm name2012-12-26STEWART BEAUVAIS & WHIPPLE, P.C.
Accountancy firm EIN2012-12-26382775143
2011 : EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$82,632
Total unrealized appreciation/depreciation of assets2011-12-31$82,632
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$10,159
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$9,148
Total income from all sources (including contributions)2011-12-31$477,434
Total loss/gain on sale of assets2011-12-31$-115,679
Total of all expenses incurred2011-12-31$246,444
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$122,477
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$377,031
Value of total assets at end of year2011-12-31$3,364,536
Value of total assets at beginning of year2011-12-31$3,132,535
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$123,967
Total interest from all sources2011-12-31$76,827
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$54,130
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Administrative expenses professional fees incurred2011-12-31$62,884
Assets. Corporate prefeered stocks other than exployer securities at end of year2011-12-31$149,654
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2011-12-31$97,030
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
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
Assets. Other investments not covered elsewhere at end of year2011-12-31$327,687
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$194,988
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$34,092
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$19,464
Other income not declared elsewhere2011-12-31$2,493
Administrative expenses (other) incurred2011-12-31$23,795
Liabilities. Value of operating payables at end of year2011-12-31$10,159
Liabilities. Value of operating payables at beginning of year2011-12-31$9,148
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
Value of net income/loss2011-12-31$230,990
Value of net assets at end of year (total assets less liabilities)2011-12-31$3,354,377
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$3,123,387
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$37,288
Income. Interest from corporate debt instruments2011-12-31$76,720
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$10,300
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$44,851
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$44,851
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$107
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
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$377,031
Employer contributions (assets) at end of year2011-12-31$30,822
Employer contributions (assets) at beginning of year2011-12-31$24,565
Income. Dividends from common stock2011-12-31$54,130
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$122,477
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$1,691,372
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$1,001,347
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$1,120,609
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$1,750,290
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
Aggregate proceeds on sale of assets2011-12-31$2,457,681
Aggregate carrying amount (costs) on sale of assets2011-12-31$2,573,360
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 name2011-12-31STEWART BEAUVAIS & WHIPPLE, P.C.
Accountancy firm EIN2011-12-31382775143
2010 : EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$304,291
Total unrealized appreciation/depreciation of assets2010-12-31$304,291
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$9,148
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$19,010
Total income from all sources (including contributions)2010-12-31$705,928
Total loss/gain on sale of assets2010-12-31$-65,727
Total of all expenses incurred2010-12-31$194,966
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$98,721
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$348,508
Value of total assets at end of year2010-12-31$3,132,535
Value of total assets at beginning of year2010-12-31$2,631,435
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$96,245
Total interest from all sources2010-12-31$81,011
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$35,767
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$40,054
Assets. Corporate prefeered stocks other than exployer securities at end of year2010-12-31$97,030
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Assets. Other investments not covered elsewhere at end of year2010-12-31$194,988
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$19,464
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$22,788
Other income not declared elsewhere2010-12-31$2,078
Administrative expenses (other) incurred2010-12-31$23,644
Liabilities. Value of operating payables at end of year2010-12-31$9,148
Liabilities. Value of operating payables at beginning of year2010-12-31$19,010
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$510,962
Value of net assets at end of year (total assets less liabilities)2010-12-31$3,123,387
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$2,612,425
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$32,547
Income. Interest from US Government securities2010-12-31$2,244
Income. Interest from corporate debt instruments2010-12-31$78,657
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$44,851
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$54,988
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$54,988
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$110
Assets. Value of investments in 103.12 investment entities at end of year2010-12-31$194,988
Asset value of US Government securities at beginning of year2010-12-31$52,260
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
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$348,508
Employer contributions (assets) at end of year2010-12-31$24,565
Employer contributions (assets) at beginning of year2010-12-31$296
Income. Dividends from common stock2010-12-31$35,767
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$98,721
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$1,001,347
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$1,078,425
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$1,750,290
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$1,422,678
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$1,810,176
Aggregate carrying amount (costs) on sale of assets2010-12-31$1,875,903
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 name2010-12-31STEWART BEAUVAIS & WHIPPLE, P.C.
Accountancy firm EIN2010-12-31382775143
2009 : EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 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 EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES

2012: EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 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: EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 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
2009: EMPLOYEE BENEFIT PLAN OF OAKLAND FAMILY SERVICES 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 is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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