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PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NamePERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • 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
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

PERFORMANCE VALIDATION INC. has sponsored the creation of one or more 401k plans.

Company Name:PERFORMANCE VALIDATION INC.
Employer identification number (EIN):352113599
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about PERFORMANCE VALIDATION INC.

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: B9286J

More information about PERFORMANCE VALIDATION INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022024-01-01PHILLIP BURNS
0022023-01-01
0022023-01-01PHILLIP BURNS
0022022-01-01
0022022-01-01PHILLIP BURNS
0022021-01-01
0022021-01-01PHILLIP BURNS
0022020-01-01
0022019-01-01
0022018-01-01PHILLIP A. BURNS
0022017-01-01PHILLIP A. BURNS

Financial Data on PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$5,637,104
Total plan liabilities at beginning of year2023-12-31$5,941,589
Total income from all sources2023-12-31$1,433,616
Expenses. Total of all expenses incurred2023-12-31$606,379
Benefits paid (including direct rollovers)2023-12-31$464,064
Total plan assets at end of year2023-12-31$16,190,149
Total plan assets at beginning of year2023-12-31$15,667,397
Value of fidelity bond covering the plan2023-12-31$1,000,000
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$142,315
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$420,399
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$827,237
Net plan assets at end of year (total assets less liabilities)2023-12-31$10,553,045
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$9,725,808
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2023-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2023-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022023-12-31$0
Assets. Value of employer securities2023-12-31$15,241,438
Total contributions received or receivable from employer(s)2023-12-31$1,013,217
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$0
2022 : PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$5,941,589
Total plan liabilities at beginning of year2022-12-31$6,238,387
Total income from all sources2022-12-31$2,961,366
Expenses. Total of all expenses incurred2022-12-31$156,478
Benefits paid (including direct rollovers)2022-12-31$6,476
Total plan assets at end of year2022-12-31$15,667,397
Total plan assets at beginning of year2022-12-31$13,159,307
Value of fidelity bond covering the plan2022-12-31$1,000,000
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$150,002
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$2,205,901
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$2,804,888
Net plan assets at end of year (total assets less liabilities)2022-12-31$9,725,808
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$6,920,920
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2022-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2022-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$0
Assets. Value of employer securities2022-12-31$14,841,490
Total contributions received or receivable from employer(s)2022-12-31$755,465
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$6,238,387
Total plan liabilities at beginning of year2021-12-31$6,080,892
Total income from all sources2021-12-31$7,805,108
Expenses. Total of all expenses incurred2021-12-31$161,107
Benefits paid (including direct rollovers)2021-12-31$3,612
Total plan assets at end of year2021-12-31$13,159,307
Total plan assets at beginning of year2021-12-31$5,357,811
Value of fidelity bond covering the plan2021-12-31$1,000,000
Total contributions received or receivable from participants2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$157,495
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$7,329,388
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$7,644,001
Net plan assets at end of year (total assets less liabilities)2021-12-31$6,920,920
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$-723,081
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2021-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2021-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022021-12-31$0
Assets. Value of employer securities2021-12-31$12,639,533
Total contributions received or receivable from employer(s)2021-12-31$475,720
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$6,080,892
Total plan liabilities at beginning of year2020-12-31$6,362,454
Total income from all sources2020-12-31$3,042,584
Expenses. Total of all expenses incurred2020-12-31$177,486
Benefits paid (including direct rollovers)2020-12-31$12,247
Total plan assets at end of year2020-12-31$5,357,811
Total plan assets at beginning of year2020-12-31$2,774,275
Value of fidelity bond covering the plan2020-12-31$500,000
Expenses. Other expenses not covered elsewhere2020-12-31$165,239
Other income received2020-12-31$2,536,045
Net income (gross income less expenses)2020-12-31$2,865,098
Net plan assets at end of year (total assets less liabilities)2020-12-31$-723,081
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$-3,588,179
Assets. Value of employer securities2020-12-31$5,310,162
Total contributions received or receivable from employer(s)2020-12-31$506,539
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$6,362,454
Total plan liabilities at beginning of year2019-12-31$6,637,347
Total income from all sources2019-12-31$927,388
Expenses. Total of all expenses incurred2019-12-31$195,591
Benefits paid (including direct rollovers)2019-12-31$23,684
Total plan assets at end of year2019-12-31$2,774,275
Total plan assets at beginning of year2019-12-31$2,317,371
Value of fidelity bond covering the plan2019-12-31$500,000
Expenses. Other expenses not covered elsewhere2019-12-31$171,907
Other income received2019-12-31$456,904
Net income (gross income less expenses)2019-12-31$731,797
Net plan assets at end of year (total assets less liabilities)2019-12-31$-3,588,179
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$-4,319,976
Assets. Value of employer securities2019-12-31$2,774,166
Total contributions received or receivable from employer(s)2019-12-31$470,484
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$6,637,347
Total income from all sources2018-12-31$-4,650,583
Expenses. Total of all expenses incurred2018-12-31$178,847
Total plan assets at end of year2018-12-31$2,317,371
Total plan assets at beginning of year2018-12-31$509,454
Value of fidelity bond covering the plan2018-12-31$500,000
Expenses. Other expenses not covered elsewhere2018-12-31$178,847
Other income received2018-12-31$-5,097,383
Net income (gross income less expenses)2018-12-31$-4,829,430
Net plan assets at end of year (total assets less liabilities)2018-12-31$-4,319,976
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$509,454
Assets. Value of employer securities2018-12-31$2,317,298
Total contributions received or receivable from employer(s)2018-12-31$446,800
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total income from all sources2017-12-31$509,454
Expenses. Total of all expenses incurred2017-12-31$0
Total plan assets at end of year2017-12-31$509,454
Total plan assets at beginning of year2017-12-31$0
Value of fidelity bond covering the plan2017-12-31$500,000
Net income (gross income less expenses)2017-12-31$509,454
Net plan assets at end of year (total assets less liabilities)2017-12-31$509,454
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$509,454
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0

Form 5500 Responses for PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN

2023: PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
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 planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PERFORMANCE VALIDATION 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
2018: PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PERFORMANCE VALIDATION EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01First time form 5500 has been submittedYes
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

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