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EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC.
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

PRIDE AIR CONDITIONING & APPLIANCES , INC. has sponsored the creation of one or more 401k plans.

Company Name:PRIDE AIR CONDITIONING & APPLIANCES , INC.
Employer identification number (EIN):591676595
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOHN ANSAY2023-09-27
0012022-01-01JOHN ANSAY2024-02-29
0012021-01-01
0012020-01-01RACHEL CONCEPCION2021-10-14
0012019-01-01RACHEL CONCEPCION2020-10-06
0012018-01-01RACHEL CONCEPCION2019-10-15
0012017-01-01RACHEL CONCEPCION2018-07-13 RACHEL CONCEPCION2018-07-13
0012016-01-01RACHEL CONCEPCION2017-07-31 RACHEL CONCEPCION2017-07-31
0012015-01-01RACHEL CONCEPCION2016-07-05 RACHEL CONCEPCION2016-07-05
0012014-01-01RACHEL CONCEPCION2016-03-17 RACHEL CONCEPCION2016-03-17
0012013-01-01BARRY PEARL2014-06-30
0012012-01-01RAMONA BETTENCOURT2013-07-19 RAMONA BETTENCOURT2013-07-19
0012011-01-01RAMONA BETTENCOURT2012-06-29 RAMONA BETTENCOURT2012-06-29
0012010-01-01RAMONA BETTENCOURT2011-07-19 RAMONA BETTENCOURT2011-07-19
0012009-01-01WILLIAM BARCHESKI BARRY PEARL2010-09-30

Plan Statistics for EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC.

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC.

Measure Date Value
2021: EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC. 2021 401k membership
Total participants, beginning-of-year2021-01-0197
Total number of active participants reported on line 7a of the Form 55002021-01-0193
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0120
Total of all active and inactive participants2021-01-01113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01114
Number of participants with account balances2021-01-01113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-018
2009: EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC. 2009 401k membership
Total participants, beginning-of-year2009-01-01116
Total number of active participants reported on line 7a of the Form 55002009-01-0186
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-019
Total of all active and inactive participants2009-01-0195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0195
Number of participants with account balances2009-01-0195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-014

Financial Data on EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC.

Measure Date Value
2021 : EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC. 2021 401k financial data
Total income from all sources2021-12-31$697,149
Expenses. Total of all expenses incurred2021-12-31$90,936
Benefits paid (including direct rollovers)2021-12-31$78,456
Total plan assets at end of year2021-12-31$4,040,335
Total plan assets at beginning of year2021-12-31$3,434,122
Value of fidelity bond covering the plan2021-12-31$182,363
Total contributions received or receivable from participants2021-12-31$194,636
Expenses. Other expenses not covered elsewhere2021-12-31$12,480
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$423,328
Noncash contributions received2021-12-31$4,757
Net income (gross income less expenses)2021-12-31$606,213
Net plan assets at end of year (total assets less liabilities)2021-12-31$4,040,335
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$3,434,122
Assets. Value of participant loans2021-12-31$95,830
Total contributions received or receivable from employer(s)2021-12-31$74,428
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2009 : EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC. 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 PRIDE AIR CONDITIONING & APPLIANCES, INC.

2021: EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC. 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan benefit arrangement – InsuranceYes
2009: EMPLOYEE BENEFIT PLAN OF PRIDE AIR CONDITIONING & APPLIANCES, INC. 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 – InsuranceYes
2009-01-01Plan 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 number057516A
Policy instance 1
Insurance contract or identification number057516A
Number of Individuals Covered114
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 $310
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees310
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM
Insurance broker organization code?3

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