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PHOENIX TECHNOLOGY INC. 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NamePHOENIX TECHNOLOGY INC. 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

PHOENIX TECHNOLOGY INC. 401(K) PROFIT SHARING PLAN & TRUST 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

PHOENIX TECHNOLOGY INC has sponsored the creation of one or more 401k plans.

Company Name:PHOENIX TECHNOLOGY INC
Employer identification number (EIN):931096159
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PHOENIX TECHNOLOGY INC. 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LYNN BOWEN2024-05-16
0012022-01-01LYNN BOWEN2023-06-02
0012021-01-01SHERRI CREECH2022-05-10
0012020-01-01SHERRI CREECH2021-06-08

Plan Statistics for PHOENIX TECHNOLOGY INC. 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for PHOENIX TECHNOLOGY INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2024: PHOENIX TECHNOLOGY INC. 401(K) PROFIT SHARING PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year2024-05-1614
Total number of particpants at end of year2024-05-1615
Number of Participants With Account Balances2024-05-1613
2022: PHOENIX TECHNOLOGY INC. 401(K) PROFIT SHARING PLAN & TRUST 2022 401k membership
Total number of particpants at beginning of year2022-05-1013
Total number of particpants at end of year2022-05-1015
Number of Participants With Account Balances2022-05-1013

Financial Data on PHOENIX TECHNOLOGY INC. 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2024 : PHOENIX TECHNOLOGY INC. 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-05-160
Total liabilities as of the end of the plan year2024-05-160
Total liabilities as of the beginning of the plan year2024-05-160
Total expenses incurred by plan in this plan year2024-05-1670604
Net assets as of the end of the plan year2024-05-16126224
Total assets as of the beginning of the plan year2024-05-16135911
Value of plan covered by a fidelity bond2024-05-1620000
Participant contributions to plan in this plan year2024-05-1625116
Value of participant loans at end of plan year2024-05-166327
Other expenses paid from plan in this plan year2024-05-160
Other contributions to plan in this plan year2024-05-160
Other income to plan in this plan year2024-05-1621654
Plan net income in this plan year2024-05-16-9687
Net assets as of the end of the plan year2024-05-16126224
Net assets as of the beginning of the plan year2024-05-16135911
Employer contributions to plan in this plan year2024-05-1614147
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-164409
2022 : PHOENIX TECHNOLOGY INC. 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total transfers to/from plan in this plan year2022-05-100
Total liabilities as of the end of the plan year2022-05-100
Total liabilities as of the beginning of the plan year2022-05-100
Total expenses incurred by plan in this plan year2022-05-10978
Net assets as of the end of the plan year2022-05-10105755
Total assets as of the beginning of the plan year2022-05-1038324
Value of plan covered by a fidelity bond2022-05-1020000
Participant contributions to plan in this plan year2022-05-1040316
Value of participant loans at end of plan year2022-05-102564
Other expenses paid from plan in this plan year2022-05-100
Other contributions to plan in this plan year2022-05-10607
Other income to plan in this plan year2022-05-107321
Plan net income in this plan year2022-05-1067431
Net assets as of the end of the plan year2022-05-10105755
Net assets as of the beginning of the plan year2022-05-1038324
Employer contributions to plan in this plan year2022-05-1020165
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-10764

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