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Plan Name | PROFESSIONAL STAFF MANAGEMENT RETIREMENT SAVINGS PLAN |
Plan identification number | 333 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
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Company Name: | PROFESSIONAL STAFF MANAGEMENT, INC. |
Employer identification number (EIN): | 351803461 |
NAIC Classification: | 561490 |
Additional information about PROFESSIONAL STAFF MANAGEMENT, INC.
Jurisdiction of Incorporation: | California Department of State |
Incorporation Date: | 1980-07-01 |
Company Identification Number: | C0986971 |
Legal Registered Office Address: |
4667 Macarthur Blvd Rm 305 Newport Beach United States of America (USA) 92660 |
More information about PROFESSIONAL STAFF MANAGEMENT, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
333 | 2011-01-01 | TENA MAYBERRY | |||
333 | 2009-01-01 | MERIBETH LUNN |
Measure | Date | Value |
---|---|---|
2011: PROFESSIONAL STAFF MANAGEMENT RETIREMENT SAVINGS PLAN 2011 401k membership | ||
Total participants, beginning-of-year | 2011-01-01 | 1,078 |
Total number of active participants reported on line 7a of the Form 5500 | 2011-01-01 | 0 |
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 | 0 |
Total of all active and inactive participants | 2011-01-01 | 0 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-01-01 | 0 |
Total participants | 2011-01-01 | 0 |
Number of participants with account balances | 2011-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2011-01-01 | 8 |
2009: PROFESSIONAL STAFF MANAGEMENT RETIREMENT SAVINGS PLAN 2009 401k membership | ||
Total participants, beginning-of-year | 2009-01-01 | 949 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 668 |
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 | 400 |
Total of all active and inactive participants | 2009-01-01 | 1,068 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 0 |
Total participants | 2009-01-01 | 1,068 |
Number of participants with account balances | 2009-01-01 | 744 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 4 |
Measure | Date | Value |
---|---|---|
2011 : PROFESSIONAL STAFF MANAGEMENT RETIREMENT SAVINGS PLAN 2011 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
Total transfer of assets to this plan | 2011-12-31 | $223,864 |
Total transfer of assets from this plan | 2011-12-31 | $14,914,537 |
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 | $7,535 |
Total income from all sources (including contributions) | 2011-12-31 | $1,380,032 |
Total loss/gain on sale of assets | 2011-12-31 | $0 |
Total of all expenses incurred | 2011-12-31 | $2,121,076 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $1,943,275 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $1,765,143 |
Value of total assets at end of year | 2011-12-31 | $0 |
Value of total assets at beginning of year | 2011-12-31 | $15,439,252 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $177,801 |
Total interest from all sources | 2011-12-31 | $29,348 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2011-12-31 | $0 |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $500,000 |
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 | $1,169,857 |
Participant contributions at beginning of year | 2011-12-31 | $326,180 |
Participant contributions at beginning of year | 2011-12-31 | $409 |
Income. Received or receivable in cash from other sources (including rollovers) | 2011-12-31 | $29,738 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2011-12-31 | $2,292 |
Liabilities. Value of operating payables at beginning of year | 2011-12-31 | $5,243 |
Total non interest bearing cash at beginning of year | 2011-12-31 | $77,430 |
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 | $-741,044 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $15,431,717 |
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 pooled separate accounts at beginning of year | 2011-12-31 | $14,718,359 |
Interest on participant loans | 2011-12-31 | $25,732 |
Interest earned on other investments | 2011-12-31 | $3,616 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2011-12-31 | $306,397 |
Net investment gain/loss from pooled separate accounts | 2011-12-31 | $-414,459 |
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 | $565,548 |
Employer contributions (assets) at beginning of year | 2011-12-31 | $10,477 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $1,943,275 |
Contract administrator fees | 2011-12-31 | $177,801 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2011-12-31 | No |
Did the plan have assets held for investment | 2011-12-31 | No |
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 | Yes |
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 | SOMERSET CPAS P.C. |
Accountancy firm EIN | 2011-12-31 | 350292138 |
2010 : PROFESSIONAL STAFF MANAGEMENT RETIREMENT SAVINGS PLAN 2010 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
Total transfer of assets from this plan | 2010-12-31 | $1,152,100 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $7,535 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $12,679 |
Total income from all sources (including contributions) | 2010-12-31 | $3,628,491 |
Total loss/gain on sale of assets | 2010-12-31 | $0 |
Total of all expenses incurred | 2010-12-31 | $2,024,363 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $1,716,058 |
Expenses. Certain deemed distributions of participant loans | 2010-12-31 | $126,191 |
Value of total corrective distributions | 2010-12-31 | $2,292 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $1,732,072 |
Value of total assets at end of year | 2010-12-31 | $15,439,252 |
Value of total assets at beginning of year | 2010-12-31 | $14,992,368 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $179,822 |
Total interest from all sources | 2010-12-31 | $25,251 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $500,000 |
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 | $1,168,331 |
Participant contributions at end of year | 2010-12-31 | $326,180 |
Participant contributions at beginning of year | 2010-12-31 | $427,384 |
Participant contributions at end of year | 2010-12-31 | $409 |
Participant contributions at beginning of year | 2010-12-31 | $10,167 |
Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $122,455 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2010-12-31 | $2,292 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2010-12-31 | $12,679 |
Liabilities. Value of operating payables at end of year | 2010-12-31 | $5,243 |
Total non interest bearing cash at end of year | 2010-12-31 | $77,430 |
Total non interest bearing cash at beginning of year | 2010-12-31 | $104,104 |
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 | $1,604,128 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $15,431,717 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $14,979,689 |
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 pooled separate accounts at end of year | 2010-12-31 | $14,718,359 |
Value of interest in pooled separate accounts at beginning of year | 2010-12-31 | $14,128,570 |
Interest on participant loans | 2010-12-31 | $25,251 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2010-12-31 | $306,397 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2010-12-31 | $312,235 |
Net investment gain/loss from pooled separate accounts | 2010-12-31 | $1,871,168 |
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 | $441,286 |
Employer contributions (assets) at end of year | 2010-12-31 | $10,477 |
Employer contributions (assets) at beginning of year | 2010-12-31 | $9,908 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $1,716,058 |
Contract administrator fees | 2010-12-31 | $179,822 |
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 | SOMERSET CPAS, P.C. |
Accountancy firm EIN | 2010-12-31 | 350292138 |
2011: PROFESSIONAL STAFF MANAGEMENT RETIREMENT SAVINGS PLAN 2011 form 5500 responses | ||
---|---|---|
2011-01-01 | Type of plan entity | Mulitple employer plan |
2011-01-01 | Submission has been amended | No |
2011-01-01 | This submission is the final filing | Yes |
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 – Insurance | Yes |
2011-01-01 | Plan funding arrangement – Trust | Yes |
2011-01-01 | Plan benefit arrangement – Insurance | Yes |
2011-01-01 | Plan benefit arrangement - Trust | Yes |
2009: PROFESSIONAL STAFF MANAGEMENT RETIREMENT SAVINGS PLAN 2009 form 5500 responses | ||
2009-01-01 | Type of plan entity | Mulitple 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 – Insurance | Yes |
2009-01-01 | Plan funding arrangement – Trust | Yes |
2009-01-01 | Plan benefit arrangement – Insurance | Yes |
2009-01-01 | Plan benefit arrangement - Trust | Yes |