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TECHSOURCE TOOLS, INC. 401(K) PLAN 401k Plan overview

Plan NameTECHSOURCE TOOLS, INC. 401(K) PLAN
Plan identification number 001

TECHSOURCE TOOLS, INC. 401(K) 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.

401k Sponsoring company profile

TECHSOURCE TOOLS, INC. has sponsored the creation of one or more 401k plans.

Company Name:TECHSOURCE TOOLS, INC.
Employer identification number (EIN):222633185
NAIC Classification:423990
NAIC Description:Other Miscellaneous Durable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TECHSOURCE TOOLS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01LOURDES CHARRIEZ
0012017-01-01LOURDES CHARRIEZ
0012016-01-01LOURDES CHARRIEZ
0012015-01-01LOURDES CHARRIEZ
0012014-01-01LOURDES CHARRIEZ
0012013-01-01LOURDES CHARRIEZ
0012012-01-01LOURDES CHARRIEZ ROBERT HEIMOWITZ2013-07-15
0012011-01-01LOURDES CHARRIEZ
0012010-01-01LOURDES CHARRIEZ

Plan Statistics for TECHSOURCE TOOLS, INC. 401(K) PLAN

401k plan membership statisitcs for TECHSOURCE TOOLS, INC. 401(K) PLAN

Measure Date Value
2017: TECHSOURCE TOOLS, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-019
Total number of active participants reported on line 7a of the Form 55002017-01-018
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 participants2017-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-018
Number of participants with account balances2017-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: TECHSOURCE TOOLS, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0111
Total number of active participants reported on line 7a of the Form 55002016-01-019
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-019
Number of participants with account balances2016-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: TECHSOURCE TOOLS, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-018
Total number of active participants reported on line 7a of the Form 55002015-01-0110
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0111
Number of participants with account balances2015-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: TECHSOURCE TOOLS, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-018
Total number of active participants reported on line 7a of the Form 55002014-01-017
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-011
Total of all active and inactive participants2014-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-018
Number of participants with account balances2014-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: TECHSOURCE TOOLS, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-018
Total number of active participants reported on line 7a of the Form 55002013-01-017
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-011
Total of all active and inactive participants2013-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-018
Number of participants with account balances2013-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: TECHSOURCE TOOLS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-018
Total number of active participants reported on line 7a of the Form 55002012-01-017
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-011
Total of all active and inactive participants2012-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-018
Number of participants with account balances2012-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: TECHSOURCE TOOLS, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-018
Total number of active participants reported on line 7a of the Form 55002011-01-017
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-018
Number of participants with account balances2011-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: TECHSOURCE TOOLS, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-019
Total number of active participants reported on line 7a of the Form 55002010-01-019
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-011
Total of all active and inactive participants2010-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0110
Number of participants with account balances2010-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010

Financial Data on TECHSOURCE TOOLS, INC. 401(K) PLAN

Measure Date Value
2017 : TECHSOURCE TOOLS, INC. 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$266,072
Expenses. Total of all expenses incurred2017-12-31$210
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$1,173,490
Total plan assets at beginning of year2017-12-31$907,628
Value of fidelity bond covering the plan2017-12-31$500,000
Total contributions received or receivable from participants2017-12-31$61,930
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$182,994
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$265,862
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,173,490
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$907,628
Assets. Value of participant loans2017-12-31$11,599
Total contributions received or receivable from employer(s)2017-12-31$21,148
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$210
2016 : TECHSOURCE TOOLS, INC. 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$138,879
Expenses. Total of all expenses incurred2016-12-31$4,200
Benefits paid (including direct rollovers)2016-12-31$3,997
Total plan assets at end of year2016-12-31$907,628
Total plan assets at beginning of year2016-12-31$772,949
Value of fidelity bond covering the plan2016-12-31$500,000
Total contributions received or receivable from participants2016-12-31$58,825
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$60,163
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$134,679
Net plan assets at end of year (total assets less liabilities)2016-12-31$907,628
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$772,949
Assets. Value of participant loans2016-12-31$15,391
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022016-12-31$0
Total contributions received or receivable from employer(s)2016-12-31$19,891
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$203
2015 : TECHSOURCE TOOLS, INC. 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$81,405
Expenses. Total of all expenses incurred2015-12-31$76,244
Benefits paid (including direct rollovers)2015-12-31$75,951
Total plan assets at end of year2015-12-31$772,949
Total plan assets at beginning of year2015-12-31$767,788
Value of fidelity bond covering the plan2015-12-31$500,000
Total contributions received or receivable from participants2015-12-31$57,479
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$4,478
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$5,161
Net plan assets at end of year (total assets less liabilities)2015-12-31$772,949
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$767,788
Assets. Value of participant loans2015-12-31$19,098
Total contributions received or receivable from employer(s)2015-12-31$19,448
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$293
2014 : TECHSOURCE TOOLS, INC. 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$108,040
Expenses. Total of all expenses incurred2014-12-31$578
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$767,788
Total plan assets at beginning of year2014-12-31$660,326
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$54,780
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$34,586
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$107,462
Net plan assets at end of year (total assets less liabilities)2014-12-31$767,788
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$660,326
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$18,674
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$578
2013 : TECHSOURCE TOOLS, INC. 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$159,378
Expenses. Total of all expenses incurred2013-12-31$1,305
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$660,326
Total plan assets at beginning of year2013-12-31$502,253
Value of fidelity bond covering the plan2013-12-31$50,000
Total contributions received or receivable from participants2013-12-31$51,655
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$91,577
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$158,073
Net plan assets at end of year (total assets less liabilities)2013-12-31$660,326
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$502,253
Total contributions received or receivable from employer(s)2013-12-31$16,146
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$1,305
2012 : TECHSOURCE TOOLS, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$111,111
Expenses. Total of all expenses incurred2012-12-31$1,380
Total plan assets at end of year2012-12-31$502,253
Total plan assets at beginning of year2012-12-31$392,522
Value of fidelity bond covering the plan2012-12-31$50,000
Total contributions received or receivable from participants2012-12-31$43,484
Other income received2012-12-31$53,415
Net income (gross income less expenses)2012-12-31$109,731
Net plan assets at end of year (total assets less liabilities)2012-12-31$502,253
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$392,522
Assets. Value of participant loans2012-12-31$0
Total contributions received or receivable from employer(s)2012-12-31$14,212
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,380
2011 : TECHSOURCE TOOLS, INC. 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$39,728
Expenses. Total of all expenses incurred2011-12-31$180
Total plan assets at end of year2011-12-31$392,522
Total plan assets at beginning of year2011-12-31$352,974
Value of fidelity bond covering the plan2011-12-31$50,000
Total contributions received or receivable from participants2011-12-31$40,934
Other income received2011-12-31$-14,116
Net income (gross income less expenses)2011-12-31$39,548
Net plan assets at end of year (total assets less liabilities)2011-12-31$392,522
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$352,974
Total contributions received or receivable from employer(s)2011-12-31$12,910
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$180
2010 : TECHSOURCE TOOLS, INC. 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$103,264
Expenses. Total of all expenses incurred2010-12-31$6,555
Total plan assets at end of year2010-12-31$352,974
Total plan assets at beginning of year2010-12-31$256,265
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$48,803
Other income received2010-12-31$38,520
Net income (gross income less expenses)2010-12-31$96,709
Net plan assets at end of year (total assets less liabilities)2010-12-31$352,974
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$256,265
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022010-12-31$889
Total contributions received or receivable from employer(s)2010-12-31$15,941
Value of corrective distributions2010-12-31$6,375
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$180

Form 5500 Responses for TECHSOURCE TOOLS, INC. 401(K) PLAN

2017: TECHSOURCE TOOLS, 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 filingNo
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TECHSOURCE TOOLS, 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: TECHSOURCE TOOLS, 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: TECHSOURCE TOOLS, 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: TECHSOURCE TOOLS, 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: TECHSOURCE TOOLS, INC. 401(K) 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 funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TECHSOURCE TOOLS, INC. 401(K) 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 funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: TECHSOURCE TOOLS, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes

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