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POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 401k Plan overview

Plan NamePOWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN
Plan identification number 004

POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

POWER SERVICE PRODUCTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:POWER SERVICE PRODUCTS, INC.
Employer identification number (EIN):751526963
NAIC Classification:325900
NAIC Description:Other Chemical Product and Preparation Manufacturing

Additional information about POWER SERVICE PRODUCTS, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2009-03-26
Company Identification Number: P09000027530
Legal Registered Office Address: 6262 BIRD ROAD

MIAMI

33155

More information about POWER SERVICE PRODUCTS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042024-01-01AMANDA STORM
0042023-01-01
0042023-01-01AMANDA STORM
0042022-01-01
0042022-01-01RUTH SWAIN
0042021-01-01
0042021-01-01RUTH SWAIN
0042020-01-01
0042019-01-01
0042018-01-01
0042017-01-01RUTH SWAIN
0042016-01-01RUTH SWAIN
0042015-01-01RUTH SWAIN
0042014-01-01RUTH SWAIN2015-05-05 RUTH SWAIN2015-05-05
0042013-01-01RUTH SWAIN2014-05-01 RUTH SWAIN2014-05-01
0042012-01-01RUTH SWAIN2013-04-10 RUTH SWAIN2013-04-10
0042011-01-01RUTH SWAIN2012-03-30 RUTH SWAIN2012-03-30
0042010-01-01RUTH SWAIN2011-10-06 RUTH SWAIN2011-10-06

Financial Data on POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN

Measure Date Value
2023 : POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$3,446,473
Expenses. Total of all expenses incurred2023-12-31$831,731
Benefits paid (including direct rollovers)2023-12-31$821,880
Total plan assets at end of year2023-12-31$18,348,362
Total plan assets at beginning of year2023-12-31$15,733,620
Value of fidelity bond covering the plan2023-12-31$500,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$529,876
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$2,469,420
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$2,614,742
Net plan assets at end of year (total assets less liabilities)2023-12-31$18,348,362
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$15,733,620
Assets. Value of participant loans2023-12-31$300,060
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$447,177
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$9,851
2022 : POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-1,807,270
Expenses. Total of all expenses incurred2022-12-31$2,790,579
Benefits paid (including direct rollovers)2022-12-31$2,778,367
Total plan assets at end of year2022-12-31$15,733,620
Total plan assets at beginning of year2022-12-31$20,331,469
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$477,012
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-2,671,283
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-4,597,849
Net plan assets at end of year (total assets less liabilities)2022-12-31$15,733,620
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$20,331,469
Assets. Value of participant loans2022-12-31$286,356
Total contributions received or receivable from employer(s)2022-12-31$387,001
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$12,212
2021 : POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$2,870,561
Expenses. Total of all expenses incurred2021-12-31$468,578
Benefits paid (including direct rollovers)2021-12-31$451,686
Total plan assets at end of year2021-12-31$20,331,469
Total plan assets at beginning of year2021-12-31$17,929,486
Value of fidelity bond covering the plan2021-12-31$500,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$445,475
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$2,049,304
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$2,401,983
Net plan assets at end of year (total assets less liabilities)2021-12-31$20,331,469
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$17,929,486
Assets. Value of participant loans2021-12-31$224,104
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$375,782
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$16,892
2020 : POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$3,095,717
Expenses. Total of all expenses incurred2020-12-31$289,037
Benefits paid (including direct rollovers)2020-12-31$268,527
Total plan assets at end of year2020-12-31$17,929,486
Total plan assets at beginning of year2020-12-31$15,122,806
Value of fidelity bond covering the plan2020-12-31$500,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$442,702
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$2,272,850
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$2,806,680
Net plan assets at end of year (total assets less liabilities)2020-12-31$17,929,486
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$15,122,806
Assets. Value of participant loans2020-12-31$298,081
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$380,165
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$20,510
2019 : POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$3,357,768
Expenses. Total of all expenses incurred2019-12-31$286,271
Benefits paid (including direct rollovers)2019-12-31$265,792
Total plan assets at end of year2019-12-31$15,122,806
Total plan assets at beginning of year2019-12-31$12,051,309
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$391,082
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$2,590,394
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$3,071,497
Net plan assets at end of year (total assets less liabilities)2019-12-31$15,122,806
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$12,051,309
Assets. Value of participant loans2019-12-31$272,791
Total contributions received or receivable from employer(s)2019-12-31$376,292
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$20,479
2018 : POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$203,080
Expenses. Total of all expenses incurred2018-12-31$1,069,871
Benefits paid (including direct rollovers)2018-12-31$1,050,221
Total plan assets at end of year2018-12-31$12,051,309
Total plan assets at beginning of year2018-12-31$12,918,100
Value of fidelity bond covering the plan2018-12-31$500,000
Total contributions received or receivable from participants2018-12-31$409,437
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$1,085
Other income received2018-12-31$-557,623
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-866,791
Net plan assets at end of year (total assets less liabilities)2018-12-31$12,051,309
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$12,918,100
Assets. Value of participant loans2018-12-31$270,839
Total contributions received or receivable from employer(s)2018-12-31$350,181
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$19,650
2017 : POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$2,563,420
Expenses. Total of all expenses incurred2017-12-31$277,869
Benefits paid (including direct rollovers)2017-12-31$256,398
Total plan assets at end of year2017-12-31$12,918,100
Total plan assets at beginning of year2017-12-31$10,632,549
Value of fidelity bond covering the plan2017-12-31$500,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$370,782
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$90,958
Other income received2017-12-31$1,797,757
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$2,285,551
Net plan assets at end of year (total assets less liabilities)2017-12-31$12,918,100
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$10,632,549
Assets. Value of participant loans2017-12-31$285,108
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$303,923
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$21,471
2016 : POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$1,266,633
Expenses. Total of all expenses incurred2016-12-31$123,322
Benefits paid (including direct rollovers)2016-12-31$116,405
Total plan assets at end of year2016-12-31$10,632,549
Total plan assets at beginning of year2016-12-31$9,489,238
Value of fidelity bond covering the plan2016-12-31$500,000
Total contributions received or receivable from participants2016-12-31$347,889
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$619,948
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$1,143,311
Net plan assets at end of year (total assets less liabilities)2016-12-31$10,632,549
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$9,489,238
Assets. Value of participant loans2016-12-31$199,021
Total contributions received or receivable from employer(s)2016-12-31$298,796
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$6,917
2015 : POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$738,503
Expenses. Total of all expenses incurred2015-12-31$23,317
Benefits paid (including direct rollovers)2015-12-31$733
Total plan assets at end of year2015-12-31$9,489,238
Total plan assets at beginning of year2015-12-31$8,774,052
Value of fidelity bond covering the plan2015-12-31$500,000
Total contributions received or receivable from participants2015-12-31$357,845
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$30,345
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$715,186
Net plan assets at end of year (total assets less liabilities)2015-12-31$9,489,238
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$8,774,052
Assets. Value of participant loans2015-12-31$209,495
Total contributions received or receivable from employer(s)2015-12-31$350,313
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$22,584

Form 5500 Responses for POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN

2023: POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: POWER SERVICE PRODUCTS, INC. EMPLOYEE RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number11666
Policy instance 1

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