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PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 401k Plan overview

Plan NamePROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC
Plan identification number 001

PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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

PORTERS ELECTRIC MOTOR SERVICE INC has sponsored the creation of one or more 401k plans.

Company Name:PORTERS ELECTRIC MOTOR SERVICE INC
Employer identification number (EIN):570516038
NAIC Classification:811210
NAIC Description: Electronic and Precision Equipment Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012014-01-01HEYWARD PORTER HEYWARD PORTER2015-06-12
0012013-01-01HEYWARD PORTER HEYWARD PORTER2014-05-27
0012012-01-01HEYWARD PORTER HEYWARD PORTER2013-06-11
0012011-01-01HEYWARD PORTER HEYWARD PORTER2012-07-19
0012010-01-01HEYWARD PORTER HEYWARD PORTER2011-05-31
0012009-01-01HEYWARD PORTER HEYWARD PORTER2010-06-22

Financial Data on PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC

Measure Date Value
2014 : PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 2014 401k financial data
Total income from all sources2014-12-31$1
Expenses. Total of all expenses incurred2014-12-31$22,624
Benefits paid (including direct rollovers)2014-12-31$22,624
Total plan assets at end of year2014-12-31$0
Total plan assets at beginning of year2014-12-31$22,623
Value of fidelity bond covering the plan2014-12-31$100,000
Other income received2014-12-31$1
Net income (gross income less expenses)2014-12-31$-22,623
Net plan assets at end of year (total assets less liabilities)2014-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$22,623
2013 : PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 2013 401k financial data
Total income from all sources2013-12-31$7
Expenses. Total of all expenses incurred2013-12-31$300,341
Benefits paid (including direct rollovers)2013-12-31$300,191
Total plan assets at end of year2013-12-31$22,623
Total plan assets at beginning of year2013-12-31$322,957
Value of fidelity bond covering the plan2013-12-31$100,000
Expenses. Other expenses not covered elsewhere2013-12-31$150
Other income received2013-12-31$7
Net income (gross income less expenses)2013-12-31$-300,334
Net plan assets at end of year (total assets less liabilities)2013-12-31$22,623
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$322,957
2012 : PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 2012 401k financial data
Total income from all sources2012-12-31$24,843
Expenses. Total of all expenses incurred2012-12-31$43,172
Benefits paid (including direct rollovers)2012-12-31$35,906
Total plan assets at end of year2012-12-31$322,957
Total plan assets at beginning of year2012-12-31$341,286
Value of fidelity bond covering the plan2012-12-31$100,000
Other income received2012-12-31$24,843
Net income (gross income less expenses)2012-12-31$-18,329
Net plan assets at end of year (total assets less liabilities)2012-12-31$322,957
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$341,286
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$7,266
2011 : PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 2011 401k financial data
Total income from all sources2011-12-31$-91,824
Expenses. Total of all expenses incurred2011-12-31$3,812
Benefits paid (including direct rollovers)2011-12-31$1,125
Total plan assets at end of year2011-12-31$341,286
Total plan assets at beginning of year2011-12-31$436,922
Value of fidelity bond covering the plan2011-12-31$100,000
Other income received2011-12-31$-91,824
Net income (gross income less expenses)2011-12-31$-95,636
Net plan assets at end of year (total assets less liabilities)2011-12-31$341,286
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$436,922
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$2,687
2010 : PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 2010 401k financial data
Total income from all sources2010-12-31$12,978
Expenses. Total of all expenses incurred2010-12-31$3,602
Benefits paid (including direct rollovers)2010-12-31$1,150
Total plan assets at end of year2010-12-31$436,922
Total plan assets at beginning of year2010-12-31$427,546
Value of fidelity bond covering the plan2010-12-31$100,000
Other income received2010-12-31$12,978
Net income (gross income less expenses)2010-12-31$9,376
Net plan assets at end of year (total assets less liabilities)2010-12-31$436,922
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$427,546
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$2,452

Form 5500 Responses for PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC

2014: PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01This submission is the final filingYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: PROFIT SHARING PLAN & TRUST OF PORTERS ELECTRIC MOTOR SERVICE INC 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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