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DEFINED BENEFITPENSION PLAN OF LAYMAN FINANCAIL SERVICES, INC. 401k Plan overview

Plan NameDEFINED BENEFITPENSION PLAN OF LAYMAN FINANCAIL SERVICES, INC.
Plan identification number 001

DEFINED BENEFITPENSION PLAN OF LAYMAN FINANCAIL SERVICES, INC. Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WILLIAM LAYMAN has sponsored the creation of one or more 401k plans.

Company Name:WILLIAM LAYMAN
Employer identification number (EIN):953537431
NAIC Classification:531310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DEFINED BENEFITPENSION PLAN OF LAYMAN FINANCAIL SERVICES, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01WILLIAM LAYMAN2014-10-06 WILLIAM LAYMAN2014-10-06
0012009-01-01W ANDREW LAYMAN

Plan Statistics for DEFINED BENEFITPENSION PLAN OF LAYMAN FINANCAIL SERVICES, INC.

401k plan membership statisitcs for DEFINED BENEFITPENSION PLAN OF LAYMAN FINANCAIL SERVICES, INC.

Measure Date Value
2009: DEFINED BENEFITPENSION PLAN OF LAYMAN FINANCAIL SERVICES, INC. 2009 401k membership
Total participants, beginning-of-year2009-01-012
Total number of active participants reported on line 7a of the Form 55002009-01-012
Total of all active and inactive participants2009-01-012
Total participants2009-01-012

Financial Data on DEFINED BENEFITPENSION PLAN OF LAYMAN FINANCAIL SERVICES, INC.

Measure Date Value
2010 : DEFINED BENEFITPENSION PLAN OF LAYMAN FINANCAIL SERVICES, INC. 2010 401k financial data
Total income from all sources2010-12-31$-30,000
Total plan assets at end of year2010-12-31$405,379
Total plan assets at beginning of year2010-12-31$435,379
Other income received2010-12-31$-30,000
Net income (gross income less expenses)2010-12-31$-30,000
Net plan assets at end of year (total assets less liabilities)2010-12-31$405,379
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$435,379

Form 5500 Responses for DEFINED BENEFITPENSION PLAN OF LAYMAN FINANCAIL SERVICES, INC.

2009: DEFINED BENEFITPENSION PLAN OF LAYMAN FINANCAIL SERVICES, INC. 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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