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403(B) THRIFT PLAN OF THE ARC OF DELAWARE COUNTY 401k Plan overview

Plan Name403(B) THRIFT PLAN OF THE ARC OF DELAWARE COUNTY
Plan identification number 007

403(B) THRIFT PLAN OF THE ARC OF DELAWARE COUNTY Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

PMC CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:PMC CORPORATION
Employer identification number (EIN):431947695
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Additional information about PMC CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2791478

More information about PMC CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 403(B) THRIFT PLAN OF THE ARC OF DELAWARE COUNTY

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0072021-01-01JOSEPH MALONE2022-10-18 JOSEPH MALONE2022-10-18

Plan Statistics for 403(B) THRIFT PLAN OF THE ARC OF DELAWARE COUNTY

401k plan membership statisitcs for 403(B) THRIFT PLAN OF THE ARC OF DELAWARE COUNTY

Measure Date Value
2021: 403(B) THRIFT PLAN OF THE ARC OF DELAWARE COUNTY 2021 401k membership
Total participants, beginning-of-year2021-01-01228
Total number of active participants reported on line 7a of the Form 55002021-01-0113
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0112
Total of all active and inactive participants2021-01-0125
Total participants2021-01-0125
Number of participants with account balances2021-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0154

Financial Data on 403(B) THRIFT PLAN OF THE ARC OF DELAWARE COUNTY

Measure Date Value
2021 : 403(B) THRIFT PLAN OF THE ARC OF DELAWARE COUNTY 2021 401k financial data
Total transfer of assets from this plan2021-12-31$5,259,769
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,053,648
Total of all expenses incurred2021-12-31$858,648
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$855,773
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$394,944
Value of total assets at end of year2021-12-31$3,993,717
Value of total assets at beginning of year2021-12-31$9,058,486
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$2,875
Total interest from all sources2021-12-31$116,327
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$175,555
Participant contributions at end of year2021-12-31$56,512
Participant contributions at beginning of year2021-12-31$224,219
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$7,721
Administrative expenses (other) incurred2021-12-31$2,875
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$195,000
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,993,717
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$9,058,486
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$712,890
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$3,600,663
Interest on participant loans2021-12-31$8,780
Interest earned on other investments2021-12-31$107,547
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$3,224,315
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$5,194,880
Net investment gain/loss from pooled separate accounts2021-12-31$542,377
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$219,389
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$31,003
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$855,773
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Liabilities. Value of benefit claims payable at end of year2021-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$0
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31MAYER HOFFMAN MCCANN CPAS
Accountancy firm EIN2021-12-31873707167

Form 5500 Responses for 403(B) THRIFT PLAN OF THE ARC OF DELAWARE COUNTY

2021: 403(B) THRIFT PLAN OF THE ARC OF DELAWARE COUNTY 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number052543-A
Policy instance 1
Insurance contract or identification number052543-A
Number of Individuals Covered25
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,184
Contracts With Unallocated Funds Deposit Administration1
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees1184
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM.
Insurance broker organization code?3

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