Logo

API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameAPI SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Code section 408 accounts and annuities - See Limited Pension Plan Reporting instructions for pension plan utilizing individual Code section 408 retirement accounts or annuities as the funding vehicle for providing benefits.
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation

401k Sponsoring company profile

API SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:API SYSTEMS, INC.
Employer identification number (EIN):223200653
NAIC Classification:541512
NAIC Description:Computer Systems Design Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022019-01-01
0022017-01-01DAVID REESE DAVID REESE2018-10-04
0022016-01-01DAVID REESE
0022015-01-01DAVID REESE
0022014-01-01DAVID REESE
0022013-01-01KEVIN KESSLER

Plan Statistics for API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2020: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0192
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Number of participants with account balances2020-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0193
Total number of active participants reported on line 7a of the Form 55002019-01-0129
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0163
Total of all active and inactive participants2019-01-0192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0192
Number of participants with account balances2019-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-014
2017: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0184
Total number of active participants reported on line 7a of the Form 55002017-01-0136
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0148
Total of all active and inactive participants2017-01-0184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0184
Number of participants with account balances2017-01-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0118
2016: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0177
Total number of active participants reported on line 7a of the Form 55002016-01-0148
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0131
Total of all active and inactive participants2016-01-0179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0179
Number of participants with account balances2016-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-016
2015: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0172
Total number of active participants reported on line 7a of the Form 55002015-01-0144
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0126
Total of all active and inactive participants2015-01-0170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0170
Number of participants with account balances2015-01-0170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0110
2014: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0181
Total number of active participants reported on line 7a of the Form 55002014-01-0155
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0116
Total of all active and inactive participants2014-01-0171
Total participants2014-01-0171
Number of participants with account balances2014-01-0168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0125
2013: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0184
Total number of active participants reported on line 7a of the Form 55002013-01-0186
Total of all active and inactive participants2013-01-0186
Total participants2013-01-0186
Number of participants with account balances2013-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010

Financial Data on API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2020 : API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at beginning of year2020-12-31$412,266
Total income from all sources2020-12-31$0
Expenses. Total of all expenses incurred2020-12-31$287,734
Benefits paid (including direct rollovers)2020-12-31$287,734
Total plan assets at end of year2020-12-31$0
Total plan assets at beginning of year2020-12-31$700,000
Value of fidelity bond covering the plan2020-12-31$100,000
Net income (gross income less expenses)2020-12-31$-287,734
Net plan assets at end of year (total assets less liabilities)2020-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$287,734
Assets. Value of employer securities2020-12-31$0
2019 : API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$412,266
Total plan liabilities at beginning of year2019-12-31$912,093
Total income from all sources2019-12-31$196,801
Expenses. Total of all expenses incurred2019-12-31$33,641
Total plan assets at end of year2019-12-31$350,000
Total plan assets at beginning of year2019-12-31$686,667
Value of fidelity bond covering the plan2019-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2019-12-31$33,641
Other income received2019-12-31$-336,667
Net income (gross income less expenses)2019-12-31$163,160
Net plan assets at end of year (total assets less liabilities)2019-12-31$-62,266
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$-225,426
Assets. Value of employer securities2019-12-31$350,000
Total contributions received or receivable from employer(s)2019-12-31$533,468
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$912,093
Total plan liabilities at beginning of year2018-12-31$1,668,589
Total income from all sources2018-12-31$-1,499,449
Expenses. Total of all expenses incurred2018-12-31$57,388
Total plan assets at end of year2018-12-31$686,667
Total plan assets at beginning of year2018-12-31$3,000,000
Value of fidelity bond covering the plan2018-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2018-12-31$57,388
Other income received2018-12-31$-2,313,333
Net income (gross income less expenses)2018-12-31$-1,556,837
Net plan assets at end of year (total assets less liabilities)2018-12-31$-225,426
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,331,411
Assets. Value of employer securities2018-12-31$686,667
Total contributions received or receivable from employer(s)2018-12-31$813,884
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$1,668,589
Total plan liabilities at beginning of year2017-12-31$2,514,102
Total income from all sources2017-12-31$-730,231
Expenses. Total of all expenses incurred2017-12-31$90,925
Total plan assets at end of year2017-12-31$3,000,000
Total plan assets at beginning of year2017-12-31$4,666,669
Value of fidelity bond covering the plan2017-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2017-12-31$90,925
Other income received2017-12-31$-1,666,669
Net income (gross income less expenses)2017-12-31$-821,156
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,331,411
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,152,567
Assets. Value of employer securities2017-12-31$3,000,000
Total contributions received or receivable from employer(s)2017-12-31$936,438
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$2,514,102
Total plan liabilities at beginning of year2016-12-31$3,662,981
Total income from all sources2016-12-31$1,677,150
Expenses. Total of all expenses incurred2016-12-31$128,271
Total plan assets at end of year2016-12-31$4,666,669
Total plan assets at beginning of year2016-12-31$4,266,669
Value of fidelity bond covering the plan2016-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2016-12-31$128,271
Other income received2016-12-31$400,000
Net income (gross income less expenses)2016-12-31$1,548,879
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,152,567
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$603,688
Assets. Value of employer securities2016-12-31$4,666,669
Total contributions received or receivable from employer(s)2016-12-31$1,277,150
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$3,662,981
Total plan liabilities at beginning of year2015-12-31$4,739,981
Total income from all sources2015-12-31$846,235
Expenses. Total of all expenses incurred2015-12-31$175,902
Total plan assets at end of year2015-12-31$4,266,669
Total plan assets at beginning of year2015-12-31$4,673,336
Value of fidelity bond covering the plan2015-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2015-12-31$175,902
Other income received2015-12-31$-406,667
Net income (gross income less expenses)2015-12-31$670,333
Net plan assets at end of year (total assets less liabilities)2015-12-31$603,688
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$-66,645
Assets. Value of employer securities2015-12-31$4,266,669
Total contributions received or receivable from employer(s)2015-12-31$1,252,902
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$4,739,981
Total income from all sources2014-12-31$-1,431,595
Expenses. Total of all expenses incurred2014-12-31$182,050
Total plan assets at end of year2014-12-31$4,673,336
Total plan assets at beginning of year2014-12-31$1,547,000
Value of fidelity bond covering the plan2014-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2014-12-31$182,050
Other income received2014-12-31$-2,851,664
Net income (gross income less expenses)2014-12-31$-1,613,645
Net plan assets at end of year (total assets less liabilities)2014-12-31$-66,645
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,547,000
Assets. Value of employer securities2014-12-31$4,673,336
Total contributions received or receivable from employer(s)2014-12-31$1,420,069
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total income from all sources2013-12-31$1,547,000
Expenses. Total of all expenses incurred2013-12-31$0
Total plan assets at end of year2013-12-31$1,547,000
Total plan assets at beginning of year2013-12-31$0
Value of fidelity bond covering the plan2013-12-31$1,000,000
Net income (gross income less expenses)2013-12-31$1,547,000
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,547,000
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$1,547,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0

Form 5500 Responses for API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN

2020: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2017: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP 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
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP 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: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP 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: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP 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: API SYSTEMS, INC., INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01First time form 5500 has been submittedYes
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

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
US 401k Lookup     VAT Lookup