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SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN 401k Plan overview

Plan NameSALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN
Plan identification number 002

SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

SALAS OBRIEN ENGINEERS, INC. has sponsored the creation of one or more 401k plans.

Company Name:SALAS OBRIEN ENGINEERS, INC.
Employer identification number (EIN):942624963
NAIC Classification:541330
NAIC Description:Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022013-10-01PAUL M. SILVA
0022012-10-01PAUL M. SILVA2014-04-28
0022011-10-01PAUL M. SILVA2013-04-22
0022010-10-01PAUL M. SILVA2012-06-07
0022008-10-01
0022007-10-01PAUL M. SILVA

Plan Statistics for SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN

401k plan membership statisitcs for SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN

Measure Date Value
2013: SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-10-01128
Total number of active participants reported on line 7a of the Form 55002013-10-01159
Number of retired or separated participants receiving benefits2013-10-010
Number of other retired or separated participants entitled to future benefits2013-10-0115
Total of all active and inactive participants2013-10-01174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-10-010
Total participants2013-10-01174
Number of participants with account balances2013-10-01174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-10-010
2007: SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year2007-10-0146
Total number of active participants reported on line 7a of the Form 55002007-10-0164
Number of retired or separated participants receiving benefits2007-10-010
Number of other retired or separated participants entitled to future benefits2007-10-0110
Total of all active and inactive participants2007-10-0174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-10-010
Total participants2007-10-0174
Number of participants with account balances2007-10-0160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-10-012

Financial Data on SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN

Measure Date Value
2014 : SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-09-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-09-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-09-30$0
Total income from all sources (including contributions)2014-09-30$3,632,272
Total loss/gain on sale of assets2014-09-30$0
Total of all expenses incurred2014-09-30$171,634
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-09-30$162,242
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-09-30$2,980,367
Value of total assets at end of year2014-09-30$9,908,036
Value of total assets at beginning of year2014-09-30$6,447,398
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-09-30$9,392
Total interest from all sources2014-09-30$3,470
Total dividends received (eg from common stock, registered investment company shares)2014-09-30$0
Was this plan covered by a fidelity bond2014-09-30Yes
Value of fidelity bond cover2014-09-30$500,000
If this is an individual account plan, was there a blackout period2014-09-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-09-30$0
Were there any nonexempt tranactions with any party-in-interest2014-09-30No
Contributions received from participants2014-09-30$914,430
Participant contributions at end of year2014-09-30$156,894
Participant contributions at beginning of year2014-09-30$87,931
Income. Received or receivable in cash from other sources (including rollovers)2014-09-30$1,787,568
Administrative expenses (other) incurred2014-09-30$134
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-09-30No
Income. Non cash contributions2014-09-30$0
Value of net income/loss2014-09-30$3,460,638
Value of net assets at end of year (total assets less liabilities)2014-09-30$9,908,036
Value of net assets at beginning of year (total assets less liabilities)2014-09-30$6,447,398
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2014-09-30No
Were any leases to which the plan was party in default or uncollectible2014-09-30No
Investment advisory and management fees2014-09-30$7,553
Value of interest in pooled separate accounts at end of year2014-09-30$9,472,773
Value of interest in pooled separate accounts at beginning of year2014-09-30$6,193,841
Interest on participant loans2014-09-30$3,470
Net investment gain/loss from pooled separate accounts2014-09-30$648,435
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-09-30No
Was there a failure to transmit to the plan any participant contributions2014-09-30No
Has the plan failed to provide any benefit when due under the plan2014-09-30No
Contributions received in cash from employer2014-09-30$278,369
Employer contributions (assets) at end of year2014-09-30$278,369
Employer contributions (assets) at beginning of year2014-09-30$165,626
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-09-30$162,242
Contract administrator fees2014-09-30$1,705
Did the plan have assets held for investment2014-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-09-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-09-30Yes
Opinion of an independent qualified public accountant for this plan2014-09-30Disclaimer
Accountancy firm name2014-09-30SQUAR, MILNER, PETERSON, MIRANDA &
Accountancy firm EIN2014-09-30330835986
2008 : SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN 2008 401k financial data
Total income from all sources2008-09-30$-94,506
Expenses. Total of all expenses incurred2008-09-30$232,965
Benefits paid (including direct rollovers)2008-09-30$231,362
Total plan assets at end of year2008-09-30$2,154,322
Total plan assets at beginning of year2008-09-30$2,481,793
Value of fidelity bond covering the plan2008-09-30$200,000
Total contributions received or receivable from participants2008-09-30$322,925
Expenses. Other expenses not covered elsewhere2008-09-30$1,603
Other income received2008-09-30$-503,113
Net income (gross income less expenses)2008-09-30$-327,471
Net plan assets at end of year (total assets less liabilities)2008-09-30$2,154,322
Net plan assets at beginning of year (total assets less liabilities)2008-09-30$2,481,793
Assets. Value of participant loans2008-09-30$27,547
Total contributions received or receivable from employer(s)2008-09-30$85,682

Form 5500 Responses for SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN

2013: SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN 2013 form 5500 responses
2013-10-01Type of plan entitySingle employer plan
2013-10-01Submission has been amendedNo
2013-10-01This submission is the final filingNo
2013-10-01This return/report is a short plan year return/report (less than 12 months)No
2013-10-01Plan is a collectively bargained planNo
2013-10-01Plan funding arrangement – InsuranceYes
2013-10-01Plan funding arrangement – TrustYes
2013-10-01Plan benefit arrangement - TrustYes
2008: SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN 2008 form 5500 responses
2008-10-01Type of plan entitySingle employer plan
2008-10-01Submission has been amendedNo
2008-10-01This submission is the final filingNo
2008-10-01This return/report is a short plan year return/report (less than 12 months)No
2008-10-01Plan is a collectively bargained planNo
2007: SALAS O'BRIEN ENGINEERS, INC. 401K SAVINGS AND PROFIT SHARING PLAN 2007 form 5500 responses
2007-10-01Type of plan entitySingle employer plan
2007-10-01Submission has been amendedNo
2007-10-01This submission is the final filingNo
2007-10-01This return/report is a short plan year return/report (less than 12 months)No
2007-10-01Plan is a collectively bargained planNo
2007-10-01Plan funding arrangement – InsuranceYes
2007-10-01Plan funding arrangement – TrustYes
2007-10-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberRM 84719-1
Policy instance 1
Insurance contract or identification numberRM 84719-1
Number of Individuals Covered174
Insurance policy start date2013-10-01
Insurance policy end date2014-09-30
Total amount of commissions paid to insurance brokerUSD $26,460
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $26,460
Insurance broker organization code?4
Insurance broker namePLANNING CORPORATION OF AMERICA
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberRM 84719-1
Policy instance 1
Insurance contract or identification numberRM 84719-1
Number of Individuals Covered60
Insurance policy start date2007-10-01
Insurance policy end date2008-09-30
Total amount of commissions paid to insurance brokerUSD $23,793
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Commission paid to Insurance BrokerUSD $23,793
Insurance broker organization code?4
Insurance broker namePLANNING CORPORATION OF AMERICA

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