401k Plan data: MERCHANT SERVICES 401(K) PLAN plan

MERCHANT SERVICES 401(K) PLAN 401k Plan overview

Plan Name	MERCHANT SERVICES 401(K) PLAN
Plan identification number	001

MERCHANT SERVICES 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.
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

MERCHANT SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name: MERCHANT SERVICES, INC.

Employer identification number (EIN): 731479238

NAIC Classification: 541990
NAIC Description: All Other Professional, Scientific, and Technical Services

Additional information about MERCHANT SERVICES, INC.

Jurisdiction of Incorporation: Nevada Department of State

Incorporation Date: 2010-05-27

Company Identification Number: 20101428341

Legal Registered Office Address: 3773 HOWARD HUGHES PKWY STE 500S

LAS VEGAS
United States of America (USA)
89169-6014

More information about MERCHANT SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MERCHANT SERVICES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2018-01-01 LARRY GARRISON 2019-07-29
001 2017-01-01 LARRY GARRISON 2018-10-15
001 2016-01-01 LARRY GARRISON
001 2015-01-01 LARRY GARRISON
001 2014-01-01 LARRY GARRISON
001 2013-01-01 LARRY GARRISON
001 2012-01-01 LARRY GARRISON
001 2011-01-01 LARRY GARRISON
001 2009-01-01 LARRY GARRISON
001 2009-01-01 LARRY GARRISON

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2018-01-01	LARRY GARRISON	2019-07-29
001	2017-01-01	LARRY GARRISON	2018-10-15
001	2016-01-01	LARRY GARRISON
001	2015-01-01	LARRY GARRISON
001	2014-01-01	LARRY GARRISON
001	2013-01-01	LARRY GARRISON
001	2012-01-01	LARRY GARRISON
001	2011-01-01	LARRY GARRISON
001	2009-01-01	LARRY GARRISON
001	2009-01-01	LARRY GARRISON

Plan Statistics for MERCHANT SERVICES 401(K) PLAN

401k plan membership statisitcs for MERCHANT SERVICES 401(K) PLAN

Measure Date Value
2016: MERCHANT SERVICES 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 2
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 1
Total of all active and inactive participants 2016-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 3
Number of participants with account balances 2016-01-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: MERCHANT SERVICES 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 2
Number of retired or separated participants receiving benefits 2015-01-01 1
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 3
Number of participants with account balances 2015-01-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: MERCHANT SERVICES 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 2
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 1
Total of all active and inactive participants 2014-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 3
Number of participants with account balances 2014-01-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: MERCHANT SERVICES 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 3
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 3
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 3
Number of participants with account balances 2013-01-01 2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: MERCHANT SERVICES 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 4
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 4
Number of participants with account balances 2012-01-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: MERCHANT SERVICES 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 4
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 4
Number of participants with account balances 2011-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: MERCHANT SERVICES 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 3
Number of retired or separated participants receiving benefits 2009-01-01 1
Number of other retired or separated participants entitled to future benefits 2009-01-01 0
Total of all active and inactive participants 2009-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 4
Number of participants with account balances 2009-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2016: MERCHANT SERVICES 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	2
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	1
Total of all active and inactive participants	2016-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	3
Number of participants with account balances	2016-01-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: MERCHANT SERVICES 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	2
Number of retired or separated participants receiving benefits	2015-01-01	1
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	3
Number of participants with account balances	2015-01-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: MERCHANT SERVICES 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	2
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	1
Total of all active and inactive participants	2014-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	3
Number of participants with account balances	2014-01-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: MERCHANT SERVICES 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	3
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	3
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	3
Number of participants with account balances	2013-01-01	2
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: MERCHANT SERVICES 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	4
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	4
Number of participants with account balances	2012-01-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: MERCHANT SERVICES 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	4
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	4
Number of participants with account balances	2011-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: MERCHANT SERVICES 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	3
Number of retired or separated participants receiving benefits	2009-01-01	1
Number of other retired or separated participants entitled to future benefits	2009-01-01	0
Total of all active and inactive participants	2009-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	4
Number of participants with account balances	2009-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on MERCHANT SERVICES 401(K) PLAN

Measure	Date	Value
2016 : MERCHANT SERVICES 401(K) PLAN 2016 401k financial data
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$30,620
Expenses. Total of all expenses incurred	2016-12-31	$0
Benefits paid (including direct rollovers)	2016-12-31	$0
Total plan assets at end of year	2016-12-31	$274,407
Total plan assets at beginning of year	2016-12-31	$243,787
Total contributions received or receivable from participants	2016-12-31	$10,400
Contributions received from other sources (not participants or employers)	2016-12-31	$0
Other income received	2016-12-31	$17,624
Net income (gross income less expenses)	2016-12-31	$30,620
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$274,407
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$243,787
Assets. Value of participant loans	2016-12-31	$0
Total contributions received or receivable from employer(s)	2016-12-31	$2,596
Value of certain deemed distributions of participant loans	2016-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$0
2015 : MERCHANT SERVICES 401(K) PLAN 2015 401k financial data
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$4,678
Expenses. Total of all expenses incurred	2015-12-31	$1,500
Benefits paid (including direct rollovers)	2015-12-31	$1,500
Total plan assets at end of year	2015-12-31	$243,787
Total plan assets at beginning of year	2015-12-31	$240,609
Total contributions received or receivable from participants	2015-12-31	$8,480
Other income received	2015-12-31	$-6,455
Net income (gross income less expenses)	2015-12-31	$3,178
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$243,787
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$240,609
Assets. Value of participant loans	2015-12-31	$3,028
Total contributions received or receivable from employer(s)	2015-12-31	$2,653
2014 : MERCHANT SERVICES 401(K) PLAN 2014 401k financial data
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$25,592
Total plan assets at end of year	2014-12-31	$240,609
Total plan assets at beginning of year	2014-12-31	$215,017
Total contributions received or receivable from participants	2014-12-31	$8,320
Other income received	2014-12-31	$14,572
Net income (gross income less expenses)	2014-12-31	$25,592
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$240,609
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$215,017
Assets. Value of participant loans	2014-12-31	$8,829
Total contributions received or receivable from employer(s)	2014-12-31	$2,700
2013 : MERCHANT SERVICES 401(K) PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$47,786
Expenses. Total of all expenses incurred	2013-12-31	$0
Benefits paid (including direct rollovers)	2013-12-31	$0
Total plan assets at end of year	2013-12-31	$215,017
Total plan assets at beginning of year	2013-12-31	$167,231
Total contributions received or receivable from participants	2013-12-31	$8,320
Contributions received from other sources (not participants or employers)	2013-12-31	$0
Other income received	2013-12-31	$36,240
Net income (gross income less expenses)	2013-12-31	$47,786
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$215,017
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$167,231
Assets. Value of participant loans	2013-12-31	$11,371
Total contributions received or receivable from employer(s)	2013-12-31	$3,226
Value of certain deemed distributions of participant loans	2013-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$0
2012 : MERCHANT SERVICES 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$29,087
Expenses. Total of all expenses incurred	2012-12-31	$200
Benefits paid (including direct rollovers)	2012-12-31	$200
Total plan assets at end of year	2012-12-31	$167,762
Total plan assets at beginning of year	2012-12-31	$138,875
Total contributions received or receivable from participants	2012-12-31	$8,320
Other income received	2012-12-31	$17,543
Net income (gross income less expenses)	2012-12-31	$28,887
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$167,762
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$138,875
Assets. Value of participant loans	2012-12-31	$15,274
Total contributions received or receivable from employer(s)	2012-12-31	$3,224
2011 : MERCHANT SERVICES 401(K) PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$120
Expenses. Total of all expenses incurred	2011-12-31	$31,911
Benefits paid (including direct rollovers)	2011-12-31	$31,911
Total plan assets at end of year	2011-12-31	$138,875
Total plan assets at beginning of year	2011-12-31	$170,666
Total contributions received or receivable from participants	2011-12-31	$8,320
Other income received	2011-12-31	$-11,558
Net income (gross income less expenses)	2011-12-31	$-31,791
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$138,875
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$170,666
Assets. Value of participant loans	2011-12-31	$21,542
Total contributions received or receivable from employer(s)	2011-12-31	$3,358
2010 : MERCHANT SERVICES 401(K) PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$29,895
Total plan assets at end of year	2010-12-31	$170,666
Total plan assets at beginning of year	2010-12-31	$140,771
Value of fidelity bond covering the plan	2010-12-31	$50,000
Total contributions received or receivable from participants	2010-12-31	$8,320
Other income received	2010-12-31	$18,151
Net income (gross income less expenses)	2010-12-31	$29,895
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$170,666
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$140,771
Assets. Value of participant loans	2010-12-31	$29,585
Total contributions received or receivable from employer(s)	2010-12-31	$3,424

Form 5500 Responses for MERCHANT SERVICES 401(K) PLAN

2016: MERCHANT SERVICES 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: MERCHANT SERVICES 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: MERCHANT SERVICES 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: MERCHANT SERVICES 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: MERCHANT SERVICES 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: MERCHANT SERVICES 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: MERCHANT SERVICES 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	MERCHANT SERVICES, INC.
Employer identification number (EIN):	731479238
NAIC Classification:	541990
NAIC Description:	All Other Professional, Scientific, and Technical Services

Jurisdiction of Incorporation:	Nevada Department of State
Incorporation Date:	2010-05-27
Company Identification Number:	20101428341
Legal Registered Office Address:	3773 HOWARD HUGHES PKWY STE 500S LAS VEGAS United States of America (USA) 89169-6014