401k Plan data: PDS KO 401(K) PLAN plan

PDS KO 401(K) PLAN 401k Plan overview

Plan Name	PDS KO 401(K) PLAN
Plan identification number	003

PDS KO 401(K) PLAN Benefits

401k Plan Type

Defined 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.

401k Sponsoring company profile

PDS CONSULTANTS, INC. has sponsored the creation of one or more 401k plans.

Company Name: PDS CONSULTANTS, INC.

Employer identification number (EIN): 113124680

NAIC Classification: 339110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PDS KO 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2022-01-01
003 2021-01-01 MELISSA DOYLE 2022-10-05
003 2020-01-01 MELISSA DOYLE 2021-10-13
003 2020-01-01 MELISSA DOYLE 2021-10-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
003	2022-01-01
003	2021-01-01	MELISSA DOYLE	2022-10-05
003	2020-01-01	MELISSA DOYLE	2021-10-13
003	2020-01-01	MELISSA DOYLE	2021-10-13

Plan Statistics for PDS KO 401(K) PLAN

401k plan membership statisitcs for PDS KO 401(K) PLAN

Measure Date Value
2022: PDS KO 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 549
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 485
Number of retired or separated participants receiving benefits 2022-01-01 20
Number of other retired or separated participants entitled to future benefits 2022-01-01 80
Total of all active and inactive participants 2022-01-01 585
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 585
Number of participants with account balances 2022-01-01 454
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 8
2021: PDS KO 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 567
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 477
Number of retired or separated participants receiving benefits 2021-01-01 8
Number of other retired or separated participants entitled to future benefits 2021-01-01 47
Total of all active and inactive participants 2021-01-01 532
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 532
Number of participants with account balances 2021-01-01 357
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 15
2020: PDS KO 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 596
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 600
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 72
Total of all active and inactive participants 2020-01-01 672
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 672
Number of participants with account balances 2020-01-01 341
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 8

Measure	Date	Value
2022: PDS KO 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	549
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	485
Number of retired or separated participants receiving benefits	2022-01-01	20
Number of other retired or separated participants entitled to future benefits	2022-01-01	80
Total of all active and inactive participants	2022-01-01	585
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	585
Number of participants with account balances	2022-01-01	454
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	8
2021: PDS KO 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	567
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	477
Number of retired or separated participants receiving benefits	2021-01-01	8
Number of other retired or separated participants entitled to future benefits	2021-01-01	47
Total of all active and inactive participants	2021-01-01	532
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	532
Number of participants with account balances	2021-01-01	357
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	15
2020: PDS KO 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	596
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	600
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	72
Total of all active and inactive participants	2020-01-01	672
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	672
Number of participants with account balances	2020-01-01	341
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	8

Financial Data on PDS KO 401(K) PLAN

Measure	Date	Value
2022 : PDS KO 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$1,215,700
Total of all expenses incurred	2022-12-31	$1,059,846
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,000,900
Expenses. Certain deemed distributions of participant loans	2022-12-31	$3,518
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$2,599,006
Value of total assets at end of year	2022-12-31	$9,893,635
Value of total assets at beginning of year	2022-12-31	$9,737,781
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$55,428
Total interest from all sources	2022-12-31	$1,963
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$975
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$975
Administrative expenses professional fees incurred	2022-12-31	$55,428
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$1,127,636
Participant contributions at end of year	2022-12-31	$23,701
Participant contributions at beginning of year	2022-12-31	$37,871
Participant contributions at end of year	2022-12-31	$4,441
Participant contributions at beginning of year	2022-12-31	$5,952
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$207,503
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$155,854
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$9,893,635
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$9,737,781
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$9,662,909
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$9,629,117
Interest on participant loans	2022-12-31	$1,963
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$143,243
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$22,346
Expenses. Payments to insurance carriers foe the provision of benefits	2022-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,386,244
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$1,263,867
Employer contributions (assets) at end of year	2022-12-31	$59,341
Employer contributions (assets) at beginning of year	2022-12-31	$42,495
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,000,900
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	BLUE & COMPANY, LLC
Accountancy firm EIN	2022-12-31	351178661
2021 : PDS KO 401(K) PLAN 2021 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$600
Total income from all sources (including contributions)	2021-12-31	$3,054,183
Total of all expenses incurred	2021-12-31	$1,881,157
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$1,801,645
Expenses. Certain deemed distributions of participant loans	2021-12-31	$4,044
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,951,924
Value of total assets at end of year	2021-12-31	$9,737,781
Value of total assets at beginning of year	2021-12-31	$8,565,355
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$75,468
Total interest from all sources	2021-12-31	$3,599
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$101,499
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$101,499
Administrative expenses professional fees incurred	2021-12-31	$75,468
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$909,280
Participant contributions at end of year	2021-12-31	$37,871
Participant contributions at beginning of year	2021-12-31	$67,981
Participant contributions at end of year	2021-12-31	$5,952
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$121,034
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$600
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$1,173,026
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$9,737,781
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$8,564,755
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$9,629,117
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$8,019,339
Interest on participant loans	2021-12-31	$3,599
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$22,346
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$424,488
Expenses. Payments to insurance carriers foe the provision of benefits	2021-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$997,161
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$921,610
Employer contributions (assets) at end of year	2021-12-31	$42,495
Employer contributions (assets) at beginning of year	2021-12-31	$53,547
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$1,801,645
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	BLUE & COMPANY, LLC
Accountancy firm EIN	2021-12-31	351178661
2020 : PDS KO 401(K) PLAN 2020 401k financial data
Total transfer of assets to this plan	2020-12-31	$1,201,660
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$600
Total income from all sources (including contributions)	2020-12-31	$2,617,106
Total of all expenses incurred	2020-12-31	$633,994
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$589,387
Value of total corrective distributions	2020-12-31	$2,279
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,393,465
Value of total assets at end of year	2020-12-31	$8,565,355
Value of total assets at beginning of year	2020-12-31	$5,379,983
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$42,328
Total interest from all sources	2020-12-31	$7,966
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$272,758
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$272,758
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$686,667
Participant contributions at end of year	2020-12-31	$67,981
Participant contributions at beginning of year	2020-12-31	$91,906
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$102,660
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$600
Other income not declared elsewhere	2020-12-31	$2,227
Administrative expenses (other) incurred	2020-12-31	$42,328
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$1,983,112
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$8,564,755
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$5,379,983
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$8,019,339
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$5,143,347
Income. Interest from loans (other than to participants)	2020-12-31	$4,673
Interest earned on other investments	2020-12-31	$3,293
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$424,488
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$144,730
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$940,690
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$604,138
Employer contributions (assets) at end of year	2020-12-31	$53,547
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$589,387
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2020-12-31	No
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	BLUE & COMPANY, LLC
Accountancy firm EIN	2020-12-31	351178661

Form 5500 Responses for PDS KO 401(K) PLAN

2022: PDS KO 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: PDS KO 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: PDS KO 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	Yes
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )

Policy contract number

GP 513AB H2H3

Policy instance

Insurance contract or identification number	GP 513AB H2H3
Number of Individuals Covered	521
Total amount of commissions paid to insurance broker	USD $14,220
Total amount of fees paid to insurance company	USD $4,560
Commission paid to Insurance Broker	USD $14,220
Insurance broker organization code?	4
Amount paid for insurance broker fees	4560

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

517465-000

Policy instance

Insurance contract or identification number	517465-000
Total amount of commissions paid to insurance broker	USD $1,166
Total amount of fees paid to insurance company	USD $3,513
Amount paid for insurance broker fees	3513
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $1,166

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )

Policy contract number

GP 513AB H2H3

Policy instance

Insurance contract or identification number	GP 513AB H2H3
Number of Individuals Covered	441
Total amount of commissions paid to insurance broker	USD $56,357
Total amount of fees paid to insurance company	USD $12,500
Commission paid to Insurance Broker	USD $56,357
Insurance broker organization code?	4
Amount paid for insurance broker fees	12500

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

517465000

Policy instance

Insurance contract or identification number	517465000
Number of Individuals Covered	341
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $638
Total amount of fees paid to insurance company	USD $3,342
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	3342
Additional information about fees paid to insurance broker	TPA FEES
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $638

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Company Name:	PDS CONSULTANTS, INC.
Employer identification number (EIN):	113124680
NAIC Classification:	339110