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THE PSA, INC. EMPLOYEES SALARY REDUCTION AND PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE PSA, INC. EMPLOYEES SALARY REDUCTION AND PROFIT SHARING PLAN
Plan identification number 001

THE PSA, INC. EMPLOYEES SALARY REDUCTION AND 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

PROFESSIONAL SALES ASSOCIATES has sponsored the creation of one or more 401k plans.

Company Name:PROFESSIONAL SALES ASSOCIATES
Employer identification number (EIN):221903737
NAIC Classification:423400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE PSA, INC. EMPLOYEES SALARY REDUCTION AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHARLES MARTIN2024-09-26
0012022-01-01CHARLES MARTIN2023-09-29
0012021-01-01CHARLES MARTIN2022-09-27
0012020-01-01
0012019-01-01CHARLES MARTIN2020-09-30
0012018-01-01CHARLES MARTIN2019-10-11
0012017-01-01CHARLES MARTIN2018-10-04
0012016-01-01CHARLES MARTIN2017-09-26
0012015-01-01CHARLES MARTIN2016-09-15
0012014-01-01CHARLES MARTIN2015-10-09
0012013-01-01CHARLES MARTIN2014-07-22
0012012-01-01CHARLES MARTIN2013-08-27
0012011-01-01CHARLES MARTIN2012-10-09
0012009-01-01CHARLES MARTIN

Financial Data on THE PSA, INC. EMPLOYEES SALARY REDUCTION AND PROFIT SHARING PLAN

Measure Date Value
2025 : THE PSA, INC. EMPLOYEES SALARY REDUCTION AND PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-130
Total liabilities as of the end of the plan year2025-10-130
Total liabilities as of the beginning of the plan year2025-10-130
Total expenses incurred by plan in this plan year2025-10-132872083
Net assets as of the end of the plan year2025-10-1322850150
Total assets as of the beginning of the plan year2025-10-1323250125
Value of plan covered by a fidelity bond2025-10-13500000
Participant contributions to plan in this plan year2025-10-13363589
Value of participant loans at end of plan year2025-10-13123319
Other expenses paid from plan in this plan year2025-10-130
Other contributions to plan in this plan year2025-10-130
Other income to plan in this plan year2025-10-132108519
Plan net income in this plan year2025-10-13-399975
Net assets as of the end of the plan year2025-10-1322850150
Net assets as of the beginning of the plan year2025-10-1323250125
Employer contributions to plan in this plan year2025-10-130
Fees paid to broker by Benefit Provider2025-10-134322
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-1394286
2024 : THE PSA, INC. EMPLOYEES SALARY REDUCTION AND PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-264349092
Net assets as of the end of the plan year2024-09-2623250125
Total assets as of the beginning of the plan year2024-09-2625020515
Value of plan covered by a fidelity bond2024-09-26500000
Participant contributions to plan in this plan year2024-09-26405495
Value of participant loans at end of plan year2024-09-2637189
Other contributions to plan in this plan year2024-09-2683606
Other income to plan in this plan year2024-09-262089601
Plan net income in this plan year2024-09-26-1770390
Net assets as of the end of the plan year2024-09-2623250125
Net assets as of the beginning of the plan year2024-09-2625020515
Employer contributions to plan in this plan year2024-09-260
Fees paid to broker by Benefit Provider2024-09-264795
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-26102722
2022 : THE PSA, INC. EMPLOYEES SALARY REDUCTION AND PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-272087502
Net assets as of the end of the plan year2022-09-2726405195
Total assets as of the beginning of the plan year2022-09-2724452138
Value of plan covered by a fidelity bond2022-09-27500000
Participant contributions to plan in this plan year2022-09-27384261
Value of participant loans at end of plan year2022-09-2716352
Other contributions to plan in this plan year2022-09-27619006
Other income to plan in this plan year2022-09-272117451
Plan net income in this plan year2022-09-271953057
Net assets as of the end of the plan year2022-09-2726405195
Net assets as of the beginning of the plan year2022-09-2724452138
Employer contributions to plan in this plan year2022-09-27919841
Fees paid to broker by Benefit Provider2022-09-274964
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-27120438
2010 : THE PSA, INC. EMPLOYEES SALARY REDUCTION AND PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$2,878,576
Expenses. Total of all expenses incurred2010-12-31$512,732
Benefits paid (including direct rollovers)2010-12-31$463,194
Total plan assets at end of year2010-12-31$17,666,133
Total plan assets at beginning of year2010-12-31$15,300,289
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$429,542
Expenses. Other expenses not covered elsewhere2010-12-31$7,248
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$1,419,740
Net income (gross income less expenses)2010-12-31$2,365,844
Net plan assets at end of year (total assets less liabilities)2010-12-31$17,666,133
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$15,300,289
Assets. Value of participant loans2010-12-31$96,676
Total contributions received or receivable from employer(s)2010-12-31$1,029,294
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$31,655
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$10,635
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : THE PSA, INC. EMPLOYEES SALARY REDUCTION AND 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 THE PSA, INC. EMPLOYEES SALARY REDUCTION AND PROFIT SHARING PLAN

2009: THE PSA, INC. EMPLOYEES SALARY REDUCTION AND 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

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number86784
Policy instance 1
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract number032054575
Policy instance 2

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