401k Plan data: WIRELESS COMMUNICATIONS, INC. 401(K) PLAN plan

WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 401k Plan overview

Plan Name	WIRELESS COMMUNICATIONS, INC. 401(K) PLAN
Plan identification number	001

WIRELESS COMMUNICATIONS, INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WIRELESS COMMUNICATIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name: WIRELESS COMMUNICATIONS, INC.

Employer identification number (EIN): 561946346

NAIC Classification: 517000

Additional information about WIRELESS COMMUNICATIONS, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1994-07-22

Company Identification Number: 1838540

Legal Registered Office Address: 4 CHEMUNG COURT
ROCKLAND
CENTRAL NYACK
United States of America (USA)
10960

More information about WIRELESS COMMUNICATIONS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WIRELESS COMMUNICATIONS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2016-01-01 LEO DAGOSTIN
001 2016-01-01
001 2016-01-01
001 2015-01-01 DENNIS DAWLEY DENNIS DAWLEY 2016-10-16
001 2015-01-01 LEO DAGOSTIN LEO DAGOSTIN 2017-06-13
001 2014-01-01 DENNIS DAWLEY DENNIS DAWLEY 2015-10-15
001 2013-01-01 DENNIS DAWLEY 2015-10-15 DENNIS DAWLEY 2015-10-15
001 2012-01-01 KATHY BUSSELL 2013-10-15 KATHY BUSSELL 2013-10-15
001 2011-01-01 KATHY J. BUSSELL 2012-05-22 KATHY J. BUSSELL 2012-05-22
001 2010-01-01 KATHY J. BUSSELL 2011-05-12 WIRELESS COMMUNICATIONS, INC. 2011-05-12

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2016-01-01	LEO DAGOSTIN
001	2016-01-01
001	2016-01-01
001	2015-01-01	DENNIS DAWLEY		DENNIS DAWLEY	2016-10-16
001	2015-01-01	LEO DAGOSTIN		LEO DAGOSTIN	2017-06-13
001	2014-01-01	DENNIS DAWLEY		DENNIS DAWLEY	2015-10-15
001	2013-01-01	DENNIS DAWLEY	2015-10-15	DENNIS DAWLEY	2015-10-15
001	2012-01-01	KATHY BUSSELL	2013-10-15	KATHY BUSSELL	2013-10-15
001	2011-01-01	KATHY J. BUSSELL	2012-05-22	KATHY J. BUSSELL	2012-05-22
001	2010-01-01	KATHY J. BUSSELL	2011-05-12	WIRELESS COMMUNICATIONS, INC.	2011-05-12

Plan Statistics for WIRELESS COMMUNICATIONS, INC. 401(K) PLAN

401k plan membership statisitcs for WIRELESS COMMUNICATIONS, INC. 401(K) PLAN

Measure Date Value
2016: WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 136
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 0
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 0
Number of participants with account balances 2016-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 123
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 99
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 21
Total of all active and inactive participants 2015-01-01 120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 120
Number of participants with account balances 2015-01-01 108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 122
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 101
Number of other retired or separated participants entitled to future benefits 2014-01-01 20
Total of all active and inactive participants 2014-01-01 121
Total participants 2014-01-01 121
Number of participants with account balances 2014-01-01 112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0

Measure	Date	Value
2016: WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	136
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	0
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	0
Number of participants with account balances	2016-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	123
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	99
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	21
Total of all active and inactive participants	2015-01-01	120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	120
Number of participants with account balances	2015-01-01	108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	122
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	101
Number of other retired or separated participants entitled to future benefits	2014-01-01	20
Total of all active and inactive participants	2014-01-01	121
Total participants	2014-01-01	121
Number of participants with account balances	2014-01-01	112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0

Financial Data on WIRELESS COMMUNICATIONS, INC. 401(K) PLAN

Measure	Date	Value
2016 : WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total income from all sources (including contributions)	2016-12-31	$404,172
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$6,468,264
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$6,462,612
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$241,687
Value of total assets at end of year	2016-12-31	$0
Value of total assets at beginning of year	2016-12-31	$6,064,092
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$5,652
Total interest from all sources	2016-12-31	$3,870
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2016-12-31	$0
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$500,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$148,931
Participant contributions at end of year	2016-12-31	$0
Participant contributions at beginning of year	2016-12-31	$163,588
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$3,198
Total non interest bearing cash at end of year	2016-12-31	$0
Total non interest bearing cash at beginning of year	2016-12-31	$605
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Income. Non cash contributions	2016-12-31	$0
Value of net income/loss	2016-12-31	$-6,064,092
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$6,064,092
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in pooled separate accounts at end of year	2016-12-31	$0
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$5,899,899
Interest on participant loans	2016-12-31	$3,870
Expenses. Payments to insurance carriers foe the provision of benefits	2016-12-31	$0
Net investment gain/loss from pooled separate accounts	2016-12-31	$158,615
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$89,558
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$6,462,612
Contract administrator fees	2016-12-31	$5,652
Did the plan have assets held for investment	2016-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	GRANT THORNTON, LLP
Accountancy firm EIN	2016-12-31	566055558
2015 : WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)	2015-12-31	$963,930
Total of all expenses incurred	2015-12-31	$703,666
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$700,830
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$1,078,716
Value of total assets at end of year	2015-12-31	$6,064,092
Value of total assets at beginning of year	2015-12-31	$5,803,828
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$2,836
Total interest from all sources	2015-12-31	$7,558
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$500,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$486,584
Participant contributions at end of year	2015-12-31	$163,588
Participant contributions at beginning of year	2015-12-31	$114,151
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$352,986
Other income not declared elsewhere	2015-12-31	$6,436
Total non interest bearing cash at end of year	2015-12-31	$605
Total non interest bearing cash at beginning of year	2015-12-31	$605
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$260,264
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$6,064,092
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$5,803,828
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Value of interest in pooled separate accounts at end of year	2015-12-31	$5,899,899
Value of interest in pooled separate accounts at beginning of year	2015-12-31	$5,689,072
Interest on participant loans	2015-12-31	$7,558
Net investment gain/loss from pooled separate accounts	2015-12-31	$-128,780
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$239,146
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$700,830
Contract administrator fees	2015-12-31	$2,836
Did the plan have assets held for investment	2015-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	GRANT THORNTON, LLP
Accountancy firm EIN	2015-12-31	566055558
2014 : WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources (including contributions)	2014-12-31	$1,064,023
Total of all expenses incurred	2014-12-31	$507,823
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$505,206
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$788,045
Value of total assets at end of year	2014-12-31	$5,803,828
Value of total assets at beginning of year	2014-12-31	$5,247,628
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$2,617
Total interest from all sources	2014-12-31	$5,848
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$500,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$477,769
Participant contributions at end of year	2014-12-31	$114,151
Participant contributions at beginning of year	2014-12-31	$142,382
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$71,038
Total non interest bearing cash at end of year	2014-12-31	$605
Total non interest bearing cash at beginning of year	2014-12-31	$662
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$556,200
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$5,803,828
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$5,247,628
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Investment advisory and management fees	2014-12-31	$862
Value of interest in pooled separate accounts at end of year	2014-12-31	$5,689,072
Value of interest in pooled separate accounts at beginning of year	2014-12-31	$5,104,584
Interest on participant loans	2014-12-31	$5,848
Net investment gain/loss from pooled separate accounts	2014-12-31	$270,130
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$239,238
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$505,206
Contract administrator fees	2014-12-31	$1,755
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	GRANT THORNTON, LLP
Accountancy firm EIN	2014-12-31	566055558

Form 5500 Responses for WIRELESS COMMUNICATIONS, INC. 401(K) PLAN

2016: WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	Yes
2016-01-01	This submission is the final filing	Yes
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: WIRELESS COMMUNICATIONS, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

105730

Policy instance

Insurance contract or identification number	105730
Number of Individuals Covered	107
Insurance policy start date	2015-01-01
Insurance policy end date	2015-12-31
Total amount of commissions paid to insurance broker	USD $28,911
Total amount of fees paid to insurance company	USD $4,860

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

105730

Policy instance

Insurance contract or identification number	105730
Number of Individuals Covered	114
Insurance policy start date	2014-01-01
Insurance policy end date	2014-12-31
Total amount of commissions paid to insurance broker	USD $26,989
Total amount of fees paid to insurance company	USD $4,540
Commission paid to Insurance Broker	USD $26,989
Additional information about fees paid to insurance broker	COMMISSIONS
Insurance broker organization code?	3
Amount paid for insurance broker fees	4540
Insurance broker name	NATIONAL RETIREMENTSERVICES, INC.

Potentially related plans

WIRELESS COMMUNICATIONS, INC. SAFE HARBOR 401K PROFIT SHARING PLAN [EIN = 810517862]

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Company Name:	WIRELESS COMMUNICATIONS, INC.
Employer identification number (EIN):	561946346
NAIC Classification:	517000

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1994-07-22
Company Identification Number:	1838540
Legal Registered Office Address:	4 CHEMUNG COURT ROCKLAND CENTRAL NYACK United States of America (USA) 10960