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PPL RETIREMENT READINESS PLAN 401k Plan overview

Plan NamePPL RETIREMENT READINESS PLAN
Plan identification number 009

PPL RETIREMENT READINESS 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

PPL SERVICES CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:PPL SERVICES CORPORATION
Employer identification number (EIN):233041441
NAIC Classification:221100

Additional information about PPL SERVICES CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 3162434

More information about PPL SERVICES CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PPL RETIREMENT READINESS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0092024-01-01CHRISTINE HESS
0092023-01-01
0092023-01-01CHRISTINE HESS
0092022-05-25
0092022-05-25
0092022-05-25CHRISTINE HESS

Financial Data on PPL RETIREMENT READINESS PLAN

Measure Date Value
2023 : PPL RETIREMENT READINESS PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$72,036,581
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$17,916,706
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$17,858,195
Value of total corrective distributions2023-12-31$17,314
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$49,140,882
Value of total assets at end of year2023-12-31$171,566,888
Value of total assets at beginning of year2023-12-31$117,447,013
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$41,197
Total interest from all sources2023-12-31$202,545
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$15,000,000
If this is an individual account plan, was there a blackout period2023-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$18,220,128
Participant contributions at end of year2023-12-31$4,559,303
Participant contributions at beginning of year2023-12-31$3,600,340
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$21,484,679
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$113,550,995
Administrative expenses (other) incurred2023-12-31$4,068
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$54,119,875
Value of net assets at end of year (total assets less liabilities)2023-12-31$171,566,888
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$117,447,013
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Interest on participant loans2023-12-31$202,545
Value of interest in master investment trust accounts at end of year2023-12-31$166,500,145
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$9,436,075
Employer contributions (assets) at end of year2023-12-31$507,440
Employer contributions (assets) at beginning of year2023-12-31$295,678
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$17,858,195
Contract administrator fees2023-12-31$600
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31Yes
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31BAKER TILLY US, LLP
Accountancy firm EIN2023-12-31301413443
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$72,036,581
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$17,916,706
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$17,858,195
Value of total corrective distributions2023-01-01$17,314
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$49,140,882
Value of total assets at end of year2023-01-01$171,566,888
Value of total assets at beginning of year2023-01-01$117,447,013
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$41,197
Total interest from all sources2023-01-01$202,545
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$15,000,000
If this is an individual account plan, was there a blackout period2023-01-01Yes
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$18,220,128
Participant contributions at end of year2023-01-01$4,559,303
Participant contributions at beginning of year2023-01-01$3,600,340
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$21,484,679
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-01$113,550,995
Administrative expenses (other) incurred2023-01-01$4,068
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$54,119,875
Value of net assets at end of year (total assets less liabilities)2023-01-01$171,566,888
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$117,447,013
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Interest on participant loans2023-01-01$202,545
Value of interest in master investment trust accounts at end of year2023-01-01$166,500,145
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$9,436,075
Employer contributions (assets) at end of year2023-01-01$507,440
Employer contributions (assets) at beginning of year2023-01-01$295,678
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$17,858,195
Contract administrator fees2023-01-01$600
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-01-01Yes
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01BAKER TILLY US, LLP
Accountancy firm EIN2023-01-01301413443
2022 : PPL RETIREMENT READINESS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$121,986,098
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$4,892,859
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$4,853,206
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$122,983,831
Value of total assets at end of year2022-12-31$117,093,239
Value of total assets at beginning of year2022-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$39,653
Total interest from all sources2022-12-31$93,950
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$15,000,000
If this is an individual account plan, was there a blackout period2022-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$9,472,929
Participant contributions at end of year2022-12-31$3,600,340
Participant contributions at end of year2022-12-31$295,678
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$108,536,677
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$113,197,221
Administrative expenses (other) incurred2022-12-31$39,653
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$117,093,239
Value of net assets at end of year (total assets less liabilities)2022-12-31$117,093,239
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$0
Interest on participant loans2022-12-31$69,020
Value of interest in common/collective trusts at end of year2022-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$24,930
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,091,683
Net investment gain or loss from common/collective trusts2022-12-31$-1,095,027
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$4,974,225
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$4,853,206
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31Yes
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BAKER TILLY US LLP
Accountancy firm EIN2022-12-31390859910
Total unrealized appreciation/depreciation of assets2022-05-25$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-05-25$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-05-25$0
Total income from all sources (including contributions)2022-05-25$121,986,098
Total loss/gain on sale of assets2022-05-25$0
Total of all expenses incurred2022-05-25$4,892,859
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-05-25$4,853,206
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-05-25$122,983,831
Value of total assets at end of year2022-05-25$117,093,239
Value of total assets at beginning of year2022-05-25$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-05-25$39,653
Total interest from all sources2022-05-25$93,950
Total dividends received (eg from common stock, registered investment company shares)2022-05-25$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-05-25No
Was this plan covered by a fidelity bond2022-05-25Yes
Value of fidelity bond cover2022-05-25$15,000,000
If this is an individual account plan, was there a blackout period2022-05-25Yes
Were there any nonexempt tranactions with any party-in-interest2022-05-25No
Contributions received from participants2022-05-25$9,472,929
Participant contributions at end of year2022-05-25$3,600,340
Participant contributions at end of year2022-05-25$295,678
Income. Received or receivable in cash from other sources (including rollovers)2022-05-25$108,536,677
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-05-25$113,197,221
Administrative expenses (other) incurred2022-05-25$39,653
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-05-25No
Value of net income/loss2022-05-25$117,093,239
Value of net assets at end of year (total assets less liabilities)2022-05-25$117,093,239
Value of net assets at beginning of year (total assets less liabilities)2022-05-25$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-05-25No
Were any loans by the plan or fixed income obligations due to the plan in default2022-05-25No
Were any leases to which the plan was party in default or uncollectible2022-05-25No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-05-25$0
Interest on participant loans2022-05-25$69,020
Value of interest in common/collective trusts at end of year2022-05-25$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-05-25$24,930
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-05-25$-1,091,683
Net investment gain or loss from common/collective trusts2022-05-25$-1,095,027
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-05-25No
Was there a failure to transmit to the plan any participant contributions2022-05-25No
Has the plan failed to provide any benefit when due under the plan2022-05-25No
Contributions received in cash from employer2022-05-25$4,974,225
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-05-25$4,853,206
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-05-25Yes
Did the plan have assets held for investment2022-05-25Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-05-25No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-05-25No
Opinion of an independent qualified public accountant for this plan2022-05-251
Accountancy firm name2022-05-25BAKER TILLY US LLP
Accountancy firm EIN2022-05-25390859910

Form 5500 Responses for PPL RETIREMENT READINESS PLAN

2023: PPL RETIREMENT READINESS PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: PPL RETIREMENT READINESS PLAN 2022 form 5500 responses
2022-05-25Type of plan entitySingle employer plan
2022-05-25First time form 5500 has been submittedYes
2022-05-25Submission has been amendedNo
2022-05-25This submission is the final filingNo
2022-05-25This return/report is a short plan year return/report (less than 12 months)Yes
2022-05-25Plan is a collectively bargained planYes
2022-05-25Plan funding arrangement – TrustYes
2022-05-25Plan benefit arrangement - TrustYes

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