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PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 401k Plan overview

Plan NamePAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN
Plan identification number 001

PAYMENT PROCESSING PARTNERS, INC. 401(K) 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
  • 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.
  • 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

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

Company Name:PAYMENT PROCESSING PARTNERS, INC.
Employer identification number (EIN):203585715
NAIC Classification:522300
NAIC Description: Activities Related to Credit Intermediation

Additional information about PAYMENT PROCESSING PARTNERS, INC.

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 2005-10-05
Company Identification Number: 20051622582
Legal Registered Office Address: 1805 NORTH CARSON STREET, SUITE K

CARSON CITY
United States of America (USA)
89701

More information about PAYMENT PROCESSING PARTNERS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01PHIL TELESCO
0012016-01-01PHIL TELESCO
0012015-01-01PHIL TELESCO
0012014-01-01PHIL TELESCO
0012013-01-01PHIL TELESCO
0012012-01-01PHIL TELESCO

Plan Statistics for PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN

401k plan membership statisitcs for PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN

Measure Date Value
2017: PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0141
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
Number of participants with account balances2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0127
Total number of active participants reported on line 7a of the Form 55002016-01-0134
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-017
Total of all active and inactive participants2016-01-0141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0141
Number of participants with account balances2016-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-015
2015: PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0120
Total number of active participants reported on line 7a of the Form 55002015-01-0123
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-014
Total of all active and inactive participants2015-01-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0127
Number of participants with account balances2015-01-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-012
2014: PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0116
Total number of active participants reported on line 7a of the Form 55002014-01-0118
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-012
Total of all active and inactive participants2014-01-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0120
Number of participants with account balances2014-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0110
Total number of active participants reported on line 7a of the Form 55002013-01-0114
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-012
Total of all active and inactive participants2013-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0116
Number of participants with account balances2013-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-012
2012: PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-010
Total number of active participants reported on line 7a of the Form 55002012-01-0110
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0110
Number of participants with account balances2012-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN

Measure Date Value
2017 : PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources2017-07-31$73,336
Expenses. Total of all expenses incurred2017-07-31$957,808
Benefits paid (including direct rollovers)2017-07-31$947,531
Total plan assets at end of year2017-07-31$0
Total plan assets at beginning of year2017-07-31$884,472
Value of fidelity bond covering the plan2017-07-31$100,000
Total contributions received or receivable from participants2017-07-31$59,893
Other income received2017-07-31$13,443
Net income (gross income less expenses)2017-07-31$-884,472
Net plan assets at end of year (total assets less liabilities)2017-07-31$0
Net plan assets at beginning of year (total assets less liabilities)2017-07-31$884,472
Expenses. Administrative service providers (salaries,fees and commissions)2017-07-31$10,277
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-07-31$0
2016 : PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources2016-12-31$296,884
Expenses. Total of all expenses incurred2016-12-31$6,874
Benefits paid (including direct rollovers)2016-12-31$1,225
Total plan assets at end of year2016-12-31$884,472
Total plan assets at beginning of year2016-12-31$594,462
Value of fidelity bond covering the plan2016-12-31$100,000
Total contributions received or receivable from participants2016-12-31$102,739
Other income received2016-12-31$44,986
Net income (gross income less expenses)2016-12-31$290,010
Net plan assets at end of year (total assets less liabilities)2016-12-31$884,472
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$594,462
Total contributions received or receivable from employer(s)2016-12-31$149,159
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$5,649
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2015 401k financial data
Total income from all sources2015-12-31$191,310
Expenses. Total of all expenses incurred2015-12-31$10,115
Benefits paid (including direct rollovers)2015-12-31$6,075
Total plan assets at end of year2015-12-31$594,462
Total plan assets at beginning of year2015-12-31$413,267
Value of fidelity bond covering the plan2015-12-31$100,000
Total contributions received or receivable from participants2015-12-31$62,306
Other income received2015-12-31$-3,730
Net income (gross income less expenses)2015-12-31$181,195
Net plan assets at end of year (total assets less liabilities)2015-12-31$594,462
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$413,267
Total contributions received or receivable from employer(s)2015-12-31$132,734
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$4,040
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources2014-12-31$174,392
Expenses. Total of all expenses incurred2014-12-31$12,463
Benefits paid (including direct rollovers)2014-12-31$9,933
Total plan assets at end of year2014-12-31$413,267
Total plan assets at beginning of year2014-12-31$251,338
Value of fidelity bond covering the plan2014-12-31$100,000
Total contributions received or receivable from participants2014-12-31$35,305
Other income received2014-12-31$15,147
Net income (gross income less expenses)2014-12-31$161,929
Net plan assets at end of year (total assets less liabilities)2014-12-31$413,267
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$251,338
Total contributions received or receivable from employer(s)2014-12-31$123,940
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$2,530
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2013 401k financial data
Total income from all sources2013-12-31$157,585
Expenses. Total of all expenses incurred2013-12-31$994
Total plan assets at end of year2013-12-31$251,338
Total plan assets at beginning of year2013-12-31$94,747
Value of fidelity bond covering the plan2013-12-31$100,000
Total contributions received or receivable from participants2013-12-31$29,185
Other income received2013-12-31$19,971
Net income (gross income less expenses)2013-12-31$156,591
Net plan assets at end of year (total assets less liabilities)2013-12-31$251,338
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$94,747
Total contributions received or receivable from employer(s)2013-12-31$108,429
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$994
2012 : PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$94,747
Expenses. Total of all expenses incurred2012-12-31$0
Total plan assets at end of year2012-12-31$94,747
Value of fidelity bond covering the plan2012-12-31$100,000
Total contributions received or receivable from participants2012-12-31$10,384
Other income received2012-12-31$93
Net income (gross income less expenses)2012-12-31$94,747
Net plan assets at end of year (total assets less liabilities)2012-12-31$94,747
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022012-12-31$1,856
Total contributions received or receivable from employer(s)2012-12-31$84,270

Form 5500 Responses for PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN

2017: PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PAYMENT PROCESSING PARTNERS, INC. 401(K) 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 – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PAYMENT PROCESSING PARTNERS, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01First time form 5500 has been submittedYes
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 – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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