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401(K) PLAN FOR THE EMPLOYEES OF PRESTIGE CLEANERS 401k Plan overview

Plan Name401(K) PLAN FOR THE EMPLOYEES OF PRESTIGE CLEANERS
Plan identification number 001

401(K) PLAN FOR THE EMPLOYEES OF PRESTIGE CLEANERS 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.
  • 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

PRESTIGE CLEANERS, INC. has sponsored the creation of one or more 401k plans.

Company Name:PRESTIGE CLEANERS, INC.
Employer identification number (EIN):621412007
NAIC Classification:812320
NAIC Description:Drycleaning and Laundry Services (except Coin-Operated)

Additional information about PRESTIGE CLEANERS, INC.

Jurisdiction of Incorporation: Colorado Department of State
Incorporation Date: 2002-02-19
Company Identification Number: 20021039283
Legal Registered Office Address: 936 CHAMBERS COURT #A4

EAGLE
United States of America (USA)
81631

More information about PRESTIGE CLEANERS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 401(K) PLAN FOR THE EMPLOYEES OF PRESTIGE CLEANERS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01JANICE RECTOR2011-10-11 JANICE RECTOR2011-10-11
0012009-01-01JANICE RECTOR JANICE RECTOR2010-10-14

Financial Data on 401(K) PLAN FOR THE EMPLOYEES OF PRESTIGE CLEANERS

Measure Date Value
2010 : 401(K) PLAN FOR THE EMPLOYEES OF PRESTIGE CLEANERS 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$117,877
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$31,125
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$31,025
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$56,550
Value of total assets at end of year2010-12-31$812,805
Value of total assets at beginning of year2010-12-31$726,053
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$100
Total interest from all sources2010-12-31$1,618
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$125,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$56,550
Participant contributions at end of year2010-12-31$32,872
Participant contributions at beginning of year2010-12-31$49,956
Administrative expenses (other) incurred2010-12-31$100
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$86,752
Value of net assets at end of year (total assets less liabilities)2010-12-31$812,805
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$726,053
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in pooled separate accounts at end of year2010-12-31$777,863
Value of interest in pooled separate accounts at beginning of year2010-12-31$674,067
Interest on participant loans2010-12-31$1,618
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$2,070
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$2,030
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$2,030
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$59,709
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$31,025
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31LATTIMORE, BLACK, MORGAN & CAIN, PC
Accountancy firm EIN2010-12-31621199757
2009 : 401(K) PLAN FOR THE EMPLOYEES OF PRESTIGE CLEANERS 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 401(K) PLAN FOR THE EMPLOYEES OF PRESTIGE CLEANERS

2009: 401(K) PLAN FOR THE EMPLOYEES OF PRESTIGE CLEANERS 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 funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NEW YORK LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66915 )
Policy contract numberGA45038
Policy instance 1

Potentially related plans

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