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NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameNORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING PLAN
Plan identification number 001

NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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

NORTHEAST MERCHANT SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTHEAST MERCHANT SYSTEMS, INC.
Employer identification number (EIN):043502411
NAIC Classification:561490

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01ERIKA LACHANCE2023-01-24 ERIKA LACHANCE2023-01-24
0012021-01-01ERIKA LACHANCE2022-04-29
0012020-01-01ERIKA LACHANCE2021-11-09 ERIKA LACHANCE2021-11-09
0012018-01-01NOLA RUEL2019-03-18 NOLA RUEL2019-03-18
0012017-01-01NOLA RUEL2018-04-03 NOLA RUEL2018-04-03
0012016-01-01NOLA RUEL2017-04-12 NOLA RUEL2017-04-12
0012015-01-01NOLA RUEL2016-02-02 NOLA RUEL2016-02-02
0012014-01-01NOLA RUEL2015-05-20 NOLA RUEL2015-05-20
0012013-01-01NOLA RUEL2014-10-02 NOLA RUEL2014-10-02
0012012-01-01MICHAEL SOSIK2013-10-15 MICHAEL SOSIK2013-10-15
0012011-01-01MICHAEL SOSIK2012-10-15 MICHAEL SOSIK2012-10-15
0012010-01-01MICHAEL F SOSIK MICHAEL F SOSIK2012-10-15
0012009-01-01MICHAEL F. SOSIK MICHAEL F. SOSIK2010-10-01

Plan Statistics for NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING PLAN

Measure Date Value
2010: NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0110
Total number of active participants reported on line 7a of the Form 55002010-01-017
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-011
Total of all active and inactive participants2010-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-018
Number of participants with account balances2010-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-019
Total number of active participants reported on line 7a of the Form 55002009-01-018
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-012
Total of all active and inactive participants2009-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0110
Number of participants with account balances2009-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING PLAN

Measure Date Value
2010 : NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING 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$83,351
Expenses. Total of all expenses incurred2010-12-31$14,250
Benefits paid (including direct rollovers)2010-12-31$14,115
Total plan assets at end of year2010-12-31$1,163,979
Total plan assets at beginning of year2010-12-31$1,094,878
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$135
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$83,351
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$69,101
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,163,979
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,094,878
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

Form 5500 Responses for NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING PLAN

2010: NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
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 – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: NORTHEAST MERCHANT SYSTEMS, INC. PROFIT SHARING 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

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