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PERSONNEL RESOURCES, INC. PROFIT SHARING/401(K) PLAN 401k Plan overview

Plan NamePERSONNEL RESOURCES, INC. PROFIT SHARING/401(K) PLAN
Plan identification number 001

PERSONNEL RESOURCES, INC. PROFIT SHARING/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.
  • 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.
  • 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

PERSONNEL RESOURCES, INC. has sponsored the creation of one or more 401k plans.

Company Name:PERSONNEL RESOURCES, INC.
Employer identification number (EIN):943264641
NAIC Classification:561300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PERSONNEL RESOURCES, INC. PROFIT SHARING/401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01BRUCE SOLOMON
0012009-01-01
0012009-01-01BRUCE SOLOMON
0012007-01-01 BRUCE SOLOMON2010-04-27

Financial Data on PERSONNEL RESOURCES, INC. PROFIT SHARING/401(K) PLAN

Measure Date Value
2011 : PERSONNEL RESOURCES, INC. PROFIT SHARING/401(K) PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$-28,186
Expenses. Total of all expenses incurred2011-12-31$22,207
Benefits paid (including direct rollovers)2011-12-31$22,207
Total plan assets at end of year2011-12-31$395,148
Total plan assets at beginning of year2011-12-31$445,541
Value of fidelity bond covering the plan2011-12-31$30,000
Total contributions received or receivable from participants2011-12-31$0
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-28,186
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-50,393
Net plan assets at end of year (total assets less liabilities)2011-12-31$395,148
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$445,541
Assets. Value of participant loans2011-12-31$45,833
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : PERSONNEL RESOURCES, INC. PROFIT SHARING/401(K) PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$37,151
Expenses. Total of all expenses incurred2010-12-31$12,500
Benefits paid (including direct rollovers)2010-12-31$12,500
Total plan assets at end of year2010-12-31$445,541
Total plan assets at beginning of year2010-12-31$420,890
Value of fidelity bond covering the plan2010-12-31$30,000
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$37,151
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$24,651
Net plan assets at end of year (total assets less liabilities)2010-12-31$445,541
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$420,890
Assets. Value of participant loans2010-12-31$56,004
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : PERSONNEL RESOURCES, INC. PROFIT SHARING/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 PERSONNEL RESOURCES, INC. PROFIT SHARING/401(K) PLAN

2011: PERSONNEL RESOURCES, INC. PROFIT SHARING/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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PERSONNEL RESOURCES, INC. PROFIT SHARING/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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes
2007: PERSONNEL RESOURCES, INC. PROFIT SHARING/401(K) PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedNo
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement - TrustYes

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