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SELECT TELECOM, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameSELECT TELECOM, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

SELECT TELECOM, INC. 401K 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.
  • 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

SELECT TELECOM, INC. has sponsored the creation of one or more 401k plans.

Company Name:SELECT TELECOM, INC.
Employer identification number (EIN):133879798
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about SELECT TELECOM, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1996-01-26
Company Identification Number: 1993873
Legal Registered Office Address: 333 WESTCHESTER AVENUE
EAST TERRACE
WHITE PLAINS
United States of America (USA)
10604

More information about SELECT TELECOM, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SELECT TELECOM, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MIKE DURANTE2024-06-27
0012022-01-01MIKE DURANTE2023-06-07
0012021-01-01MIKE DURANTE2022-07-11
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01SUSAN DURANTE2015-08-18
0012013-01-01SUSAN DURANTE
0012012-01-01SUSAN DURANTE
0012011-01-01SUSAN DURANTE
0012009-01-01SUSAN DURANTE

Financial Data on SELECT TELECOM, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2025 : SELECT TELECOM, INC. 401K PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-05-070
Total liabilities as of the end of the plan year2025-05-070
Total liabilities as of the beginning of the plan year2025-05-070
Total expenses incurred by plan in this plan year2025-05-07104722
Net assets as of the end of the plan year2025-05-071533198
Total assets as of the beginning of the plan year2025-05-071389159
Value of plan covered by a fidelity bond2025-05-07250000
Participant contributions to plan in this plan year2025-05-0729256
Value of participant loans at end of plan year2025-05-071087
Other expenses paid from plan in this plan year2025-05-0725
Other contributions to plan in this plan year2025-05-070
Other income to plan in this plan year2025-05-07214068
Plan net income in this plan year2025-05-07144039
Net assets as of the end of the plan year2025-05-071533198
Net assets as of the beginning of the plan year2025-05-071389159
Employer contributions to plan in this plan year2025-05-075437
Fees paid to broker by Benefit Provider2025-05-075800
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-070
2024 : SELECT TELECOM, INC. 401K PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-06-270
Total liabilities as of the beginning of the plan year2024-06-270
Total expenses incurred by plan in this plan year2024-06-27477189
Net assets as of the end of the plan year2024-06-271389159
Total assets as of the beginning of the plan year2024-06-271541560
Value of plan covered by a fidelity bond2024-06-27250000
Participant contributions to plan in this plan year2024-06-2735080
Value of participant loans at end of plan year2024-06-278142
Other expenses paid from plan in this plan year2024-06-270
Other contributions to plan in this plan year2024-06-270
Other income to plan in this plan year2024-06-27283124
Plan net income in this plan year2024-06-27-152401
Net assets as of the end of the plan year2024-06-271389159
Net assets as of the beginning of the plan year2024-06-271541560
Employer contributions to plan in this plan year2024-06-276584
Fees paid to broker by Benefit Provider2024-06-276623
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-27100
2022 : SELECT TELECOM, INC. 401K PROFIT SHARING PLAN 2022 401k financial data
Total liabilities as of the beginning of the plan year2022-07-110
Total expenses incurred by plan in this plan year2022-07-11544428
Net assets as of the end of the plan year2022-07-113165201
Total assets as of the beginning of the plan year2022-07-113153585
Value of plan covered by a fidelity bond2022-07-11500000
Participant contributions to plan in this plan year2022-07-1157047
Value of participant loans at end of plan year2022-07-1129122
Other income to plan in this plan year2022-07-11488250
Plan net income in this plan year2022-07-1111616
Net assets as of the end of the plan year2022-07-113165201
Net assets as of the beginning of the plan year2022-07-113153585
Employer contributions to plan in this plan year2022-07-1110747
Fees paid to broker by Benefit Provider2022-07-111471
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-111471
2013 : SELECT TELECOM, INC. 401K PROFIT SHARING PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$426,966
Expenses. Total of all expenses incurred2013-12-31$167,983
Benefits paid (including direct rollovers)2013-12-31$167,483
Total plan assets at end of year2013-12-31$1,595,091
Total plan assets at beginning of year2013-12-31$1,336,108
Value of fidelity bond covering the plan2013-12-31$200,000
Total contributions received or receivable from participants2013-12-31$78,759
Other income received2013-12-31$298,970
Net income (gross income less expenses)2013-12-31$258,983
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,595,091
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,336,108
Assets. Value of participant loans2013-12-31$17,587
Total contributions received or receivable from employer(s)2013-12-31$49,237
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$500
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : SELECT TELECOM, INC. 401K PROFIT SHARING PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$207,743
Expenses. Total of all expenses incurred2012-12-31$21,650
Benefits paid (including direct rollovers)2012-12-31$21,000
Total plan assets at end of year2012-12-31$1,336,108
Total plan assets at beginning of year2012-12-31$1,150,015
Total contributions received or receivable from participants2012-12-31$60,147
Other income received2012-12-31$132,977
Net income (gross income less expenses)2012-12-31$186,093
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,336,108
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,150,015
Assets. Value of participant loans2012-12-31$10,675
Total contributions received or receivable from employer(s)2012-12-31$14,619
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$650
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : SELECT TELECOM, INC. 401K PROFIT SHARING PLAN 2011 401k financial data
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$55,164
Expenses. Total of all expenses incurred2011-12-31$45,633
Benefits paid (including direct rollovers)2011-12-31$44,183
Total plan assets at end of year2011-12-31$1,150,015
Total plan assets at beginning of year2011-12-31$1,140,484
Total contributions received or receivable from participants2011-12-31$53,843
Other income received2011-12-31$-11,470
Net income (gross income less expenses)2011-12-31$9,531
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,150,015
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,140,484
Assets. Value of participant loans2011-12-31$31,274
Total contributions received or receivable from employer(s)2011-12-31$12,791
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,450
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : SELECT TELECOM, INC. 401K PROFIT SHARING PLAN 2010 401k financial data
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$197,233
Expenses. Total of all expenses incurred2010-12-31$250
Total plan assets at end of year2010-12-31$1,140,484
Total plan assets at beginning of year2010-12-31$943,501
Total contributions received or receivable from participants2010-12-31$62,324
Other income received2010-12-31$120,087
Net income (gross income less expenses)2010-12-31$196,983
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,140,484
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$943,501
Assets. Value of participant loans2010-12-31$46,249
Total contributions received or receivable from employer(s)2010-12-31$14,822
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$250
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : SELECT TELECOM, INC. 401K PROFIT SHARING 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 SELECT TELECOM, INC. 401K PROFIT SHARING PLAN

2013: SELECT TELECOM, INC. 401K PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SELECT TELECOM, INC. 401K PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SELECT TELECOM, INC. 401K PROFIT SHARING 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 – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SELECT TELECOM, INC. 401K 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHJ726
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHJ726
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract numberPHJ726
Policy instance 1

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