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PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NamePITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 003

PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation

401k Sponsoring company profile

PITTSBURGH TECHNICAL INSTITUTE has sponsored the creation of one or more 401k plans.

Company Name:PITTSBURGH TECHNICAL INSTITUTE
Employer identification number (EIN):810903939
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032019-07-01EILEEN STEFFAN2020-02-11
0032018-07-01EILEEN STEFFAN2020-01-28
0032017-07-01EILEEN STEFFAN2019-04-09

Plan Statistics for PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2019: PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-07-0129
Total number of active participants reported on line 7a of the Form 55002019-07-010
Number of retired or separated participants receiving benefits2019-07-010
Number of other retired or separated participants entitled to future benefits2019-07-010
Total of all active and inactive participants2019-07-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-07-010
Total participants2019-07-010
Number of participants with account balances2019-07-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-07-010
2018: PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-07-01274
Total number of active participants reported on line 7a of the Form 55002018-07-010
Number of retired or separated participants receiving benefits2018-07-010
Number of other retired or separated participants entitled to future benefits2018-07-0129
Total of all active and inactive participants2018-07-0129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-07-010
Total participants2018-07-0129
Number of participants with account balances2018-07-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-07-010
2017: PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-07-01437
Total number of active participants reported on line 7a of the Form 55002017-07-010
Number of retired or separated participants receiving benefits2017-07-01273
Number of other retired or separated participants entitled to future benefits2017-07-010
Total of all active and inactive participants2017-07-01273
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-07-011
Total participants2017-07-01274
Number of participants with account balances2017-07-01274
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-07-010

Financial Data on PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2019 : PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total income from all sources2019-08-31$0
Expenses. Total of all expenses incurred2019-08-31$29,231
Benefits paid (including direct rollovers)2019-08-31$29,231
Total plan assets at end of year2019-08-31$0
Total plan assets at beginning of year2019-08-31$29,231
Value of fidelity bond covering the plan2019-08-31$1,000,000
Net income (gross income less expenses)2019-08-31$-29,231
Net plan assets at end of year (total assets less liabilities)2019-08-31$0
Net plan assets at beginning of year (total assets less liabilities)2019-08-31$29,231
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-08-31$0
Total unrealized appreciation/depreciation of assets2019-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-06-30$0
Total income from all sources (including contributions)2019-06-30$437
Total loss/gain on sale of assets2019-06-30$0
Total of all expenses incurred2019-06-30$489,542
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-06-30$489,542
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-06-30$0
Value of total assets at end of year2019-06-30$29,231
Value of total assets at beginning of year2019-06-30$518,336
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-06-30$0
Total interest from all sources2019-06-30$437
Total dividends received (eg from common stock, registered investment company shares)2019-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-06-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-06-30$0
Was this plan covered by a fidelity bond2019-06-30Yes
Value of fidelity bond cover2019-06-30$1,000,000
If this is an individual account plan, was there a blackout period2019-06-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-06-30$0
Were there any nonexempt tranactions with any party-in-interest2019-06-30No
Total non interest bearing cash at end of year2019-06-30$29,231
Total non interest bearing cash at beginning of year2019-06-30$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-06-30No
Value of net income/loss2019-06-30$-489,105
Value of net assets at end of year (total assets less liabilities)2019-06-30$29,231
Value of net assets at beginning of year (total assets less liabilities)2019-06-30$518,336
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2019-06-30No
Were any leases to which the plan was party in default or uncollectible2019-06-30No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-06-30$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-06-30$518,336
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-06-30$518,336
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-06-30$437
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-06-30No
Was there a failure to transmit to the plan any participant contributions2019-06-30No
Has the plan failed to provide any benefit when due under the plan2019-06-30No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-06-30$489,542
Did the plan have assets held for investment2019-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-06-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-06-30No
Opinion of an independent qualified public accountant for this plan2019-06-30Unqualified
Accountancy firm name2019-06-30MCCLINTOCK & ASSOCIATES
Accountancy firm EIN2019-06-30251701013
2018 : PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-06-30$10,764,920
Total income from all sources (including contributions)2018-06-30$4,095,994
Total loss/gain on sale of assets2018-06-30$0
Total of all expenses incurred2018-06-30$16,783,738
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-06-30$16,783,738
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-06-30$0
Value of total assets at end of year2018-06-30$518,336
Value of total assets at beginning of year2018-06-30$23,971,000
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-06-30$0
Total interest from all sources2018-06-30$5,992
Total dividends received (eg from common stock, registered investment company shares)2018-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-06-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-06-30$0
Was this plan covered by a fidelity bond2018-06-30Yes
Value of fidelity bond cover2018-06-30$1,000,000
If this is an individual account plan, was there a blackout period2018-06-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-06-30$0
Were there any nonexempt tranactions with any party-in-interest2018-06-30No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-06-30$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-06-30$10,764,920
Other income not declared elsewhere2018-06-30$4,090,002
Total non interest bearing cash at end of year2018-06-30$0
Total non interest bearing cash at beginning of year2018-06-30$17
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-06-30No
Value of net income/loss2018-06-30$-12,687,744
Value of net assets at end of year (total assets less liabilities)2018-06-30$518,336
Value of net assets at beginning of year (total assets less liabilities)2018-06-30$13,206,080
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2018-06-30No
Were any leases to which the plan was party in default or uncollectible2018-06-30No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-06-30$518,336
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-06-30$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-06-30$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-06-30$5,992
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-06-30No
Was there a failure to transmit to the plan any participant contributions2018-06-30No
Has the plan failed to provide any benefit when due under the plan2018-06-30No
Assets. Invements in employer securities at end of year2018-06-30$0
Assets. Invements in employer securities at beginning of year2018-06-30$23,970,983
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-06-30$16,783,738
Did the plan have assets held for investment2018-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-06-30No
Aggregate proceeds on sale of assets2018-06-30$6,674,918
Aggregate carrying amount (costs) on sale of assets2018-06-30$6,674,918
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-06-30No
Opinion of an independent qualified public accountant for this plan2018-06-30Unqualified
Accountancy firm name2018-06-30MCCLINTOCK & ASSOCIATES
Accountancy firm EIN2018-06-30251701013

Form 5500 Responses for PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2019: PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-07-01Type of plan entitySingle employer plan
2019-07-01Submission has been amendedNo
2019-07-01This submission is the final filingYes
2019-07-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-07-01Plan is a collectively bargained planNo
2019-07-01Plan funding arrangement – TrustYes
2019-07-01Plan benefit arrangement - TrustYes
2018: PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-07-01Type of plan entitySingle employer plan
2018-07-01Submission has been amendedNo
2018-07-01This submission is the final filingNo
2018-07-01This return/report is a short plan year return/report (less than 12 months)No
2018-07-01Plan is a collectively bargained planNo
2018-07-01Plan funding arrangement – TrustYes
2018-07-01Plan benefit arrangement - TrustYes
2017: PITTSBURGH TECHNICAL INSTITUTE, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-07-01Type of plan entitySingle employer plan
2017-07-01Submission has been amendedNo
2017-07-01This submission is the final filingNo
2017-07-01This return/report is a short plan year return/report (less than 12 months)No
2017-07-01Plan is a collectively bargained planNo
2017-07-01Plan funding arrangement – TrustYes
2017-07-01Plan benefit arrangement - TrustYes

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