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POWER PARTNERS, INC. SALARIED EMPLOYEES' RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NamePOWER PARTNERS, INC. SALARIED EMPLOYEES' RETIREMENT SAVINGS PLAN
Plan identification number 002

POWER PARTNERS, INC. SALARIED EMPLOYEES' RETIREMENT SAVINGS 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.
  • 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

POWER PARTNERS, INC. has sponsored the creation of one or more 401k plans.

Company Name:POWER PARTNERS, INC.
Employer identification number (EIN):061691004
NAIC Classification:335310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POWER PARTNERS, INC. SALARIED EMPLOYEES' RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01MEREDITH PATTERSON2015-10-14
0022013-01-01MEREDITH PATTERSON2014-09-18
0022012-01-01MEREDITH PATTERSON2013-10-09
0022011-01-01MEREDITH PATTERSON2012-10-12
0022009-01-01STEPHEN HOLLIS STEPHEN HOLLIS2010-10-15

Plan Statistics for POWER PARTNERS, INC. SALARIED EMPLOYEES' RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for POWER PARTNERS, INC. SALARIED EMPLOYEES' RETIREMENT SAVINGS PLAN

Measure Date Value
2009: POWER PARTNERS, INC. SALARIED EMPLOYEES' RETIREMENT SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0186
Total number of active participants reported on line 7a of the Form 55002009-01-0169
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0121
Total of all active and inactive participants2009-01-0190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0190
Number of participants with account balances2009-01-0185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on POWER PARTNERS, INC. SALARIED EMPLOYEES' RETIREMENT SAVINGS PLAN

Measure Date Value
2010 : POWER PARTNERS, INC. SALARIED EMPLOYEES' RETIREMENT SAVINGS PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$3,541
Total plan liabilities at end of year2010-12-31$0
Total income from all sources2010-12-31$811,805
Expenses. Total of all expenses incurred2010-12-31$634,439
Benefits paid (including direct rollovers)2010-12-31$615,304
Total plan assets at end of year2010-12-31$3,689,033
Total plan assets at beginning of year2010-12-31$3,508,126
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$321,314
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$395,786
Net income (gross income less expenses)2010-12-31$177,366
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,689,033
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$3,508,126
Assets. Value of participant loans2010-12-31$82,609
Total contributions received or receivable from employer(s)2010-12-31$94,705
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$19,135

Form 5500 Responses for POWER PARTNERS, INC. SALARIED EMPLOYEES' RETIREMENT SAVINGS PLAN

2009: POWER PARTNERS, INC. SALARIED EMPLOYEES' RETIREMENT SAVINGS 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberGP65231
Policy instance 1
Insurance contract or identification numberGP65231
Number of Individuals Covered84
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $10,360
Total amount of fees paid to insurance companyUSD $289
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
Commission paid to Insurance BrokerUSD $10,360
Insurance broker organization code?4
Amount paid for insurance broker fees269
Additional information about fees paid to insurance brokerFEES
Insurance broker nameLINCOLN FINANCIAL ADVISORS

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