401k Plan data: DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN plan

DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN 401k Plan overview

Plan Name	DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN
Plan identification number	001

DATA REDUCTION SYSTEMS CORPORATION 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.
Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

DATA REDUCTION SYSTEMS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: DATA REDUCTION SYSTEMS CORPORATION

Employer identification number (EIN): 222647975

NAIC Classification: 518210
NAIC Description: Data Processing, Hosting, and Related Services

Additional information about DATA REDUCTION SYSTEMS CORPORATION

Jurisdiction of Incorporation: New Jersey Division of Revenue and Enterprise Services

Incorporation Date:

Company Identification Number: 0100268931

More information about DATA REDUCTION SYSTEMS CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 LISA PISANIELLO 2023-08-23 LISA PISANIELLO 2023-08-23
001 2021-01-01 LISA PISANIELLO 2022-05-03 LISA PISANIELLO 2022-05-03
001 2020-01-01 LISA PISANIELLO 2021-05-13
001 2018-01-01 LISA PISANIELLO 2019-05-14 LISA PISANIELLO 2019-05-14
001 2017-01-01 LISA PISANIELLO 2018-06-06 LISA PISANIELLO 2018-06-06
001 2016-01-01 LISA PISANIELLO 2017-05-24
001 2015-01-01 LISA PISANIELLO 2016-05-18
001 2014-01-01 LISA PISANIELLO 2015-06-01
001 2013-01-01 ALAN REED 2014-05-30
001 2012-01-01 ALAN R. REED 2013-07-02
001 2011-01-01 ALAN R. REED
001 2009-01-01 ALAN R. REED

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	LISA PISANIELLO	2023-08-23	LISA PISANIELLO	2023-08-23
001	2021-01-01	LISA PISANIELLO	2022-05-03	LISA PISANIELLO	2022-05-03
001	2020-01-01	LISA PISANIELLO	2021-05-13
001	2018-01-01	LISA PISANIELLO	2019-05-14	LISA PISANIELLO	2019-05-14
001	2017-01-01	LISA PISANIELLO	2018-06-06	LISA PISANIELLO	2018-06-06
001	2016-01-01	LISA PISANIELLO	2017-05-24
001	2015-01-01	LISA PISANIELLO	2016-05-18
001	2014-01-01	LISA PISANIELLO	2015-06-01
001	2013-01-01	ALAN REED	2014-05-30
001	2012-01-01	ALAN R. REED	2013-07-02
001	2011-01-01	ALAN R. REED
001	2009-01-01	ALAN R. REED

Plan Statistics for DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN

401k plan membership statisitcs for DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN

Measure Date Value
2011: DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 137
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 66
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 27
Total of all active and inactive participants 2011-01-01 93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 1
Total participants 2011-01-01 94
Number of participants with account balances 2011-01-01 68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 12
2009: DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 108
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 94
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 14
Total of all active and inactive participants 2009-01-01 108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 108
Number of participants with account balances 2009-01-01 64
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 1

Measure	Date	Value
2011: DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	137
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	66
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	27
Total of all active and inactive participants	2011-01-01	93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	1
Total participants	2011-01-01	94
Number of participants with account balances	2011-01-01	68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	12
2009: DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	108
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	94
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	14
Total of all active and inactive participants	2009-01-01	108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	108
Number of participants with account balances	2009-01-01	64
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	1

Financial Data on DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN

Measure	Date	Value
2011 : DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$105,800
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$348,747
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$344,683
Value of total corrective distributions	2011-12-31	$2,024
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$200,836
Value of total assets at end of year	2011-12-31	$2,236,357
Value of total assets at beginning of year	2011-12-31	$2,479,304
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$2,040
Total interest from all sources	2011-12-31	$9,005
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$17,712
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$17,712
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$300,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$194,554
Participant contributions at end of year	2011-12-31	$103,879
Participant contributions at beginning of year	2011-12-31	$131,370
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-242,947
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$2,236,357
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$2,479,304
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$1,537,666
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$1,483,233
Interest on participant loans	2011-12-31	$8,928
Value of interest in common/collective trusts at beginning of year	2011-12-31	$864,696
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$594,812
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$5
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$5
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$77
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-121,836
Net investment gain or loss from common/collective trusts	2011-12-31	$83
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$6,282
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$344,683
Contract administrator fees	2011-12-31	$2,040
Did the plan have assets held for investment	2011-12-31	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	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	NASKRET, SELZER AND ASSOCIATES, LLC
Accountancy firm EIN	2011-12-31	800022697
2010 : DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$426,702
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$86,083
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$83,517
Value of total corrective distributions	2010-12-31	$1,460
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$226,377
Value of total assets at end of year	2010-12-31	$2,479,304
Value of total assets at beginning of year	2010-12-31	$2,138,685
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$1,106
Total interest from all sources	2010-12-31	$12,037
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$12,169
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$12,169
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$300,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$193,696
Participant contributions at end of year	2010-12-31	$131,370
Participant contributions at beginning of year	2010-12-31	$172,678
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$196
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$340,619
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$2,479,304
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$2,138,685
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$1,483,233
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$1,214,506
Interest on participant loans	2010-12-31	$12,037
Value of interest in common/collective trusts at end of year	2010-12-31	$864,696
Value of interest in common/collective trusts at beginning of year	2010-12-31	$751,496
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$5
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$5
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$5
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$167,212
Net investment gain or loss from common/collective trusts	2010-12-31	$8,907
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$32,485
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$83,517
Contract administrator fees	2010-12-31	$1,106
Did the plan have assets held for investment	2010-12-31	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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	NASKRET, SELZER AND ASSOCIATES, LLC
Accountancy firm EIN	2010-12-31	800022697
2009 : DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN

2011: DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: DATA REDUCTION SYSTEMS CORPORATION 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	DATA REDUCTION SYSTEMS CORPORATION
Employer identification number (EIN):	222647975
NAIC Classification:	518210
NAIC Description:	Data Processing, Hosting, and Related Services

Jurisdiction of Incorporation:	New Jersey Division of Revenue and Enterprise Services
Incorporation Date:
Company Identification Number:	0100268931