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WEST VIRGINIA SCHOOL SERVICE PERSONNEL ASSOCIATION 401K AND PSP 401k Plan overview

Plan NameWEST VIRGINIA SCHOOL SERVICE PERSONNEL ASSOCIATION 401K AND PSP
Plan identification number 001

WEST VIRGINIA SCHOOL SERVICE PERSONNEL ASSOCIATION 401K AND PSP Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

WV SCHOOL SERVICE PERSONNEL ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:WV SCHOOL SERVICE PERSONNEL ASSOCIATION
Employer identification number (EIN):550521323
NAIC Classification:813930
NAIC Description:Labor Unions and Similar Labor Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEST VIRGINIA SCHOOL SERVICE PERSONNEL ASSOCIATION 401K AND PSP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-07-01
0012022-07-01
0012021-07-01
0012020-07-01
0012019-07-01LISA LIPSCOMB2021-01-19 LISA LIPSCOMB2021-01-19
0012018-07-01LISA LIPSCOMB2019-12-06 LISA LIPSCOMB2019-12-06
0012017-07-01JOE WHITE2018-12-12 JOE WHITE2018-12-12
0012016-07-01JOE WHITE2018-01-25 JOE WHITE2018-01-25
0012015-07-01DEBBIE BOWES2016-11-22 DEBBIE BOWES2016-11-22
0012014-07-01DEBBIE BOWES2015-11-20 DEBBIE BOWES2015-11-20
0012013-07-01DEBBIE BOWES2015-01-22 DEBBIE BOWES2015-01-22
0012012-07-01JACQUELINE LONG2013-10-16 JACQUELINE LONG2013-10-16
0012011-07-01ROBERT L. BROWN2012-10-31 ROBERT L. BROWN2012-10-31
0012010-07-01ROBERT L. BROWN2012-01-06 ROBERT L. BROWN2012-01-06

Financial Data on WEST VIRGINIA SCHOOL SERVICE PERSONNEL ASSOCIATION 401K AND PSP

Measure Date Value
2024 : WEST VIRGINIA SCHOOL SERVICE PERSONNEL ASSOCIATION 401K AND PSP 2024 401k financial data
Total expenses incurred by plan in this plan year2024-11-041800
Net assets as of the end of the plan year2024-11-04540350
Total assets as of the beginning of the plan year2024-11-04450643
Value of plan covered by a fidelity bond2024-11-0460000
Participant contributions to plan in this plan year2024-11-048636
Value of participant loans at end of plan year2024-11-0417017
Other income to plan in this plan year2024-11-0448336
Plan net income in this plan year2024-11-0489707
Net assets as of the end of the plan year2024-11-04540350
Net assets as of the beginning of the plan year2024-11-04450643
Employer contributions to plan in this plan year2024-11-0434535
Fees paid to broker by Benefit Provider2024-11-042253
Expensese paid to adminstrative service provicers from plan in this plan year2024-11-041800
2023 : WEST VIRGINIA SCHOOL SERVICE PERSONNEL ASSOCIATION 401K AND PSP 2023 401k financial data
Total expenses incurred by plan in this plan year2023-03-1438709
Net assets as of the end of the plan year2023-03-14384786
Total assets as of the beginning of the plan year2023-03-14417528
Value of plan covered by a fidelity bond2023-03-1460000
Participant contributions to plan in this plan year2023-03-1411057
Value of participant loans at end of plan year2023-03-1420363
Other income to plan in this plan year2023-03-14-48157
Plan net income in this plan year2023-03-14-32742
Net assets as of the end of the plan year2023-03-14384786
Net assets as of the beginning of the plan year2023-03-14417528
Employer contributions to plan in this plan year2023-03-1443067
Fees paid to broker by Benefit Provider2023-03-143984
Expensese paid to adminstrative service provicers from plan in this plan year2023-03-14130

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