401k Plan data: THE RANDALL POWERS COMPANY 401K PLAN plan

THE RANDALL POWERS COMPANY 401K PLAN 401k Plan overview

Plan Name	THE RANDALL POWERS COMPANY 401K PLAN
Plan identification number	001

THE RANDALL POWERS COMPANY 401K PLAN Benefits

401k Plan Type

Defined 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.
Plan covering Self-Employed individuals.
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.
Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

THE POWERS COMPANY has sponsored the creation of one or more 401k plans.

Company Name: THE POWERS COMPANY

Employer identification number (EIN): 800469641

NAIC Classification: 541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RANDALL POWERS COMPANY 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01
001 2021-01-01 ROMONA JACKSON
001 2020-01-01
001 2019-01-01
001 2018-01-01 JENNIFER EFFERSON
001 2017-01-01 JENNIFER EFFERSON
001 2013-01-01 DAWN GIBBS 2014-06-26
001 2012-01-01 SUZY CREACH 2013-06-26
001 2011-01-01 JENNIFER TURNER 2012-07-30
001 2010-01-01 JENNIFER TURNER 2011-07-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2021-01-01
001	2021-01-01	ROMONA JACKSON
001	2020-01-01
001	2019-01-01
001	2018-01-01	JENNIFER EFFERSON
001	2017-01-01	JENNIFER EFFERSON
001	2013-01-01	DAWN GIBBS	2014-06-26
001	2012-01-01	SUZY CREACH	2013-06-26
001	2011-01-01	JENNIFER TURNER	2012-07-30
001	2010-01-01	JENNIFER TURNER	2011-07-13

Plan Statistics for THE RANDALL POWERS COMPANY 401K PLAN

401k plan membership statisitcs for THE RANDALL POWERS COMPANY 401K PLAN

Measure Date Value
2021: THE RANDALL POWERS COMPANY 401K PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 37
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 29
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 11
Total of all active and inactive participants 2021-01-01 40
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 40
Number of participants with account balances 2021-01-01 34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 1
2020: THE RANDALL POWERS COMPANY 401K PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 36
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 25
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 12
Total of all active and inactive participants 2020-01-01 37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 37
Number of participants with account balances 2020-01-01 29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 1
2019: THE RANDALL POWERS COMPANY 401K PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 31
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 26
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 10
Total of all active and inactive participants 2019-01-01 36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 36
Number of participants with account balances 2019-01-01 29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: THE RANDALL POWERS COMPANY 401K PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 41
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 19
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 12
Total of all active and inactive participants 2018-01-01 31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 31
Number of participants with account balances 2018-01-01 30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: THE RANDALL POWERS COMPANY 401K PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 22
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 19
Total of all active and inactive participants 2017-01-01 41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 41
Number of participants with account balances 2017-01-01 41
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0

Measure	Date	Value
2021: THE RANDALL POWERS COMPANY 401K PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	37
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	29
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	11
Total of all active and inactive participants	2021-01-01	40
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	40
Number of participants with account balances	2021-01-01	34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	1
2020: THE RANDALL POWERS COMPANY 401K PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	36
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	25
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	12
Total of all active and inactive participants	2020-01-01	37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	37
Number of participants with account balances	2020-01-01	29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	1
2019: THE RANDALL POWERS COMPANY 401K PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	31
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	26
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	10
Total of all active and inactive participants	2019-01-01	36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	36
Number of participants with account balances	2019-01-01	29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: THE RANDALL POWERS COMPANY 401K PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	41
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	19
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	12
Total of all active and inactive participants	2018-01-01	31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	31
Number of participants with account balances	2018-01-01	30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: THE RANDALL POWERS COMPANY 401K PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	22
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	19
Total of all active and inactive participants	2017-01-01	41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	41
Number of participants with account balances	2017-01-01	41
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0

Financial Data on THE RANDALL POWERS COMPANY 401K PLAN

Measure	Date	Value
2021 : THE RANDALL POWERS COMPANY 401K PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$1,123,540
Expenses. Total of all expenses incurred	2021-12-31	$112,271
Benefits paid (including direct rollovers)	2021-12-31	$77,145
Total plan assets at end of year	2021-12-31	$4,125,962
Total plan assets at beginning of year	2021-12-31	$3,114,693
Value of fidelity bond covering the plan	2021-12-31	$300,000
Assets. Value of tangible personal property	2021-12-31	$0
Total contributions received or receivable from participants	2021-12-31	$311,745
Assets. Value of loans (other than to participants)	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$6,514
Other income received	2021-12-31	$565,573
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$1,011,269
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$4,125,962
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,114,693
Assets. Value of participant loans	2021-12-31	$67,678
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$0
Assets. Value of real-estate (other than employer real property)	2021-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$0
Assets. Value of employer real property	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$239,708
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$5,744
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$29,382
2020 : THE RANDALL POWERS COMPANY 401K PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$997,690
Expenses. Total of all expenses incurred	2020-12-31	$131,367
Benefits paid (including direct rollovers)	2020-12-31	$111,178
Total plan assets at end of year	2020-12-31	$3,114,693
Total plan assets at beginning of year	2020-12-31	$2,248,370
Value of fidelity bond covering the plan	2020-12-31	$225,000
Assets. Value of tangible personal property	2020-12-31	$0
Total contributions received or receivable from participants	2020-12-31	$299,328
Assets. Value of loans (other than to participants)	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$2,916
Other income received	2020-12-31	$524,620
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$866,323
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,114,693
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,248,370
Assets. Value of participant loans	2020-12-31	$52,457
Assets. Value of assets in partnership/joint-venture interests	2020-12-31	$0
Assets. Value of real-estate (other than employer real property)	2020-12-31	$0
Assets. Value of employer securities	2020-12-31	$0
Assets. Value of employer real property	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$170,826
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$20,189
2019 : THE RANDALL POWERS COMPANY 401K PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$864,183
Expenses. Total of all expenses incurred	2019-12-31	$441,773
Benefits paid (including direct rollovers)	2019-12-31	$425,056
Total plan assets at end of year	2019-12-31	$2,248,370
Total plan assets at beginning of year	2019-12-31	$1,825,960
Value of fidelity bond covering the plan	2019-12-31	$225,000
Total contributions received or receivable from participants	2019-12-31	$264,198
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$11,137
Other income received	2019-12-31	$533,629
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$422,410
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$2,248,370
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$1,825,960
Assets. Value of participant loans	2019-12-31	$68,652
Total contributions received or receivable from employer(s)	2019-12-31	$55,219
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$16,717
2018 : THE RANDALL POWERS COMPANY 401K PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$0
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$241,369
Expenses. Total of all expenses incurred	2018-12-31	$182,983
Benefits paid (including direct rollovers)	2018-12-31	$165,981
Total plan assets at end of year	2018-12-31	$1,825,960
Total plan assets at beginning of year	2018-12-31	$1,767,574
Value of fidelity bond covering the plan	2018-12-31	$225,000
Total contributions received or receivable from participants	2018-12-31	$229,282
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$-100,900
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$58,386
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$1,825,960
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$1,767,574
Assets. Value of participant loans	2018-12-31	$63,628
Total contributions received or receivable from employer(s)	2018-12-31	$112,987
Value of certain deemed distributions of participant loans	2018-12-31	$908
Value of corrective distributions	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$16,094
2017 : THE RANDALL POWERS COMPANY 401K PLAN 2017 401k financial data
Transfers to/from the plan	2017-12-31	$0
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$512,671
Expenses. Total of all expenses incurred	2017-12-31	$67,925
Benefits paid (including direct rollovers)	2017-12-31	$53,164
Total plan assets at end of year	2017-12-31	$1,767,574
Total plan assets at beginning of year	2017-12-31	$1,322,828
Value of fidelity bond covering the plan	2017-12-31	$150,000
Total contributions received or receivable from participants	2017-12-31	$214,489
Expenses. Other expenses not covered elsewhere	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$0
Other income received	2017-12-31	$264,569
Noncash contributions received	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$444,746
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$1,767,574
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$1,322,828
Assets. Value of participant loans	2017-12-31	$52,995
Total contributions received or receivable from employer(s)	2017-12-31	$33,613
Value of certain deemed distributions of participant loans	2017-12-31	$0
Value of corrective distributions	2017-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$14,761

Form 5500 Responses for THE RANDALL POWERS COMPANY 401K PLAN

2021: THE RANDALL POWERS COMPANY 401K PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: THE RANDALL POWERS COMPANY 401K PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: THE RANDALL POWERS COMPANY 401K PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: THE RANDALL POWERS COMPANY 401K PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: THE RANDALL POWERS COMPANY 401K PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	THE POWERS COMPANY
Employer identification number (EIN):	800469641
NAIC Classification:	541600