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PROFESSIONAL MARKETING, INC. 401(K) PLAN 401k Plan overview

Plan NamePROFESSIONAL MARKETING, INC. 401(K) PLAN
Plan identification number 001

PROFESSIONAL MARKETING, INC. 401(K) 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.
  • 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

WASATCH SUMMIT LLC DBA PROFESSIONAL MARKETING has sponsored the creation of one or more 401k plans.

Company Name:WASATCH SUMMIT LLC DBA PROFESSIONAL MARKETING
Employer identification number (EIN):870680633
NAIC Classification:812990
NAIC Description:All Other Personal Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFESSIONAL MARKETING, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01PHIL SMITH PHIL SMITH2013-10-01
0012011-01-01PHIL SMITH PHIL SMITH2012-09-11
0012010-01-01PHIL SMITH PHIL SMITH2011-10-17
0012009-01-01PHIL SMITH PHIL SMITH2010-10-14

Plan Statistics for PROFESSIONAL MARKETING, INC. 401(K) PLAN

401k plan membership statisitcs for PROFESSIONAL MARKETING, INC. 401(K) PLAN

Measure Date Value
2012: PROFESSIONAL MARKETING, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01801
Total number of active participants reported on line 7a of the Form 55002012-01-01496
Number of retired or separated participants receiving benefits2012-01-0122
Number of other retired or separated participants entitled to future benefits2012-01-0185
Total of all active and inactive participants2012-01-01603
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01603
Number of participants with account balances2012-01-01263
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0122
2011: PROFESSIONAL MARKETING, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01684
Total number of active participants reported on line 7a of the Form 55002011-01-01322
Number of retired or separated participants receiving benefits2011-01-0120
Number of other retired or separated participants entitled to future benefits2011-01-0187
Total of all active and inactive participants2011-01-01429
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01429
Number of participants with account balances2011-01-01289
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0158
2010: PROFESSIONAL MARKETING, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01433
Total number of active participants reported on line 7a of the Form 55002010-01-01373
Number of retired or separated participants receiving benefits2010-01-019
Number of other retired or separated participants entitled to future benefits2010-01-0149
Total of all active and inactive participants2010-01-01431
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01431
Number of participants with account balances2010-01-01303
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0135
2009: PROFESSIONAL MARKETING, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01370
Total number of active participants reported on line 7a of the Form 55002009-01-01335
Number of retired or separated participants receiving benefits2009-01-019
Number of other retired or separated participants entitled to future benefits2009-01-0136
Total of all active and inactive participants2009-01-01380
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01380
Number of participants with account balances2009-01-01267
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0130

Financial Data on PROFESSIONAL MARKETING, INC. 401(K) PLAN

Measure Date Value
2012 : PROFESSIONAL MARKETING, INC. 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$296
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,491,936
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$626,484
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$596,874
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$651,891
Value of total assets at end of year2012-12-31$6,745,794
Value of total assets at beginning of year2012-12-31$5,880,046
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$29,610
Total interest from all sources2012-12-31$13,708
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$5,920
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$576,952
Participant contributions at end of year2012-12-31$321,038
Participant contributions at beginning of year2012-12-31$316,625
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$296
Total non interest bearing cash at end of year2012-12-31$4,086
Total non interest bearing cash at beginning of year2012-12-31$7,799
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$865,452
Value of net assets at end of year (total assets less liabilities)2012-12-31$6,745,498
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$5,880,046
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$172
Income. Interest from loans (other than to participants)2012-12-31$13,634
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$2,211
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$11,189
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$11,189
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$74
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$6,405,265
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$5,531,239
Net investment gain/loss from pooled separate accounts2012-12-31$826,337
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$74,939
Employer contributions (assets) at end of year2012-12-31$13,194
Employer contributions (assets) at beginning of year2012-12-31$13,194
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$596,874
Contract administrator fees2012-12-31$23,518
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31TRAVELLER & COMPANY, LLC
Accountancy firm EIN2012-12-31870668060
2011 : PROFESSIONAL MARKETING, INC. 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$604,114
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,706,750
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,647,819
Expenses. Certain deemed distributions of participant loans2011-12-31$22,945
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$938,790
Value of total assets at end of year2011-12-31$5,880,046
Value of total assets at beginning of year2011-12-31$6,982,682
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$35,986
Total interest from all sources2011-12-31$17,218
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$9,650
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$130,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$749,866
Participant contributions at end of year2011-12-31$316,625
Participant contributions at beginning of year2011-12-31$425,002
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$8,067
Total non interest bearing cash at end of year2011-12-31$7,799
Total non interest bearing cash at beginning of year2011-12-31$22,258
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-1,102,636
Value of net assets at end of year (total assets less liabilities)2011-12-31$5,880,046
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,982,682
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$590
Income. Interest from loans (other than to participants)2011-12-31$16,803
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$11,189
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$11,020
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$11,020
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$415
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$5,531,239
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$6,511,208
Net investment gain/loss from pooled separate accounts2011-12-31$-351,894
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$180,857
Employer contributions (assets) at end of year2011-12-31$13,194
Employer contributions (assets) at beginning of year2011-12-31$13,194
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,647,819
Contract administrator fees2011-12-31$25,746
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31TRAVELLER & COMPANY, LLC
Accountancy firm EIN2011-12-31870668060
2010 : PROFESSIONAL MARKETING, INC. 401(K) PLAN 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$2,097,991
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$967,166
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$927,846
Expenses. Certain deemed distributions of participant loans2010-12-31$5,815
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,146,943
Value of total assets at end of year2010-12-31$6,982,682
Value of total assets at beginning of year2010-12-31$5,851,857
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$33,505
Total interest from all sources2010-12-31$25,506
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
Administrative expenses professional fees incurred2010-12-31$6,575
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$130,000
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$894,810
Participant contributions at end of year2010-12-31$425,002
Participant contributions at beginning of year2010-12-31$566,855
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Total non interest bearing cash at end of year2010-12-31$22,258
Total non interest bearing cash at beginning of year2010-12-31$38,573
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$1,130,825
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,982,682
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,851,857
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
Investment advisory and management fees2010-12-31$293
Interest on participant loans2010-12-31$24,932
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$11,020
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$87,517
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$87,517
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$574
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$6,511,208
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$5,158,912
Net investment gain/loss from pooled separate accounts2010-12-31$925,542
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
Contributions received in cash from employer2010-12-31$252,133
Employer contributions (assets) at end of year2010-12-31$13,194
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$927,846
Contract administrator fees2010-12-31$26,637
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 PBGC2010-12-31No
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 name2010-12-31TRAVELLER & COMPANY, LLC
Accountancy firm EIN2010-12-31870668060
2009 : PROFESSIONAL MARKETING, INC. 401(K) PLAN 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 PROFESSIONAL MARKETING, INC. 401(K) PLAN

2012: PROFESSIONAL MARKETING, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PROFESSIONAL MARKETING, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: PROFESSIONAL MARKETING, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: PROFESSIONAL MARKETING, INC. 401(K) PLAN 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

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