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SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST 401k Plan overview

Plan NameSARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST
Plan identification number 001

SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST 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.
  • 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.

401k Sponsoring company profile

SARAS AMERICA INC. has sponsored the creation of one or more 401k plans.

Company Name:SARAS AMERICA INC.
Employer identification number (EIN):383353827
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01CHAKRADHA YERNENI2023-10-13
0012021-01-01CHAKRADHAR YERNENI2022-07-28
0012020-01-01SARAS AMERICA INC2021-08-04
0012019-01-01CHAKRADHAR YERNENI2020-07-31
0012018-01-01CHAKRADHAR YERNENI2019-07-30
0012017-01-01CHUCK YERNENI2018-07-25
0012016-01-01OWENS MARYANN2017-07-19
0012015-01-01CHUCK YERNENI2016-10-17
0012014-01-01CHUCK YERNENI2015-07-22 CHUCK YERNENI2015-07-22
0012013-01-01CHUCK YERNENI2014-07-10 CHUCK YERNENI2014-07-10
0012012-01-01RINKU BHAVSAR2013-07-25 RINKU BHAVSAR2013-07-25
0012011-01-01USHA SRINIVASAN
0012010-01-01SIRISHA VEMPATI
0012009-01-01LAVANYA LAKSHMINARASIMHAN

Plan Statistics for SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST

401k plan membership statisitcs for SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST

Measure Date Value
2011: SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-0117
Total number of active participants reported on line 7a of the Form 55002011-01-013
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0113
Total of all active and inactive participants2011-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0116
Number of participants with account balances2011-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0119
Total number of active participants reported on line 7a of the Form 55002010-01-013
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0114
Total of all active and inactive participants2010-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0117
Number of participants with account balances2010-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0119
Total number of active participants reported on line 7a of the Form 55002009-01-013
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0116
Total of all active and inactive participants2009-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0119
Number of participants with account balances2009-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST

Measure Date Value
2011 : SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST 2011 401k financial data
Total income from all sources2011-12-31$11,139
Expenses. Total of all expenses incurred2011-12-31$16,931
Benefits paid (including direct rollovers)2011-12-31$16,931
Total plan assets at end of year2011-12-31$245,249
Total plan assets at beginning of year2011-12-31$251,041
Value of fidelity bond covering the plan2011-12-31$10,000
Total contributions received or receivable from participants2011-12-31$12,743
Contributions received from other sources (not participants or employers)2011-12-31$10,000
Other income received2011-12-31$-14,655
Net income (gross income less expenses)2011-12-31$-5,792
Net plan assets at end of year (total assets less liabilities)2011-12-31$245,249
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$251,041
Total contributions received or receivable from employer(s)2011-12-31$3,051
2010 : SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST 2010 401k financial data
Total income from all sources2010-12-31$45,487
Expenses. Total of all expenses incurred2010-12-31$32,313
Benefits paid (including direct rollovers)2010-12-31$31,013
Total plan assets at end of year2010-12-31$251,041
Total plan assets at beginning of year2010-12-31$237,867
Value of fidelity bond covering the plan2010-12-31$10,000
Total contributions received or receivable from participants2010-12-31$10,088
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$32,478
Net income (gross income less expenses)2010-12-31$13,174
Net plan assets at end of year (total assets less liabilities)2010-12-31$251,041
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$237,867
Total contributions received or receivable from employer(s)2010-12-31$2,921
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,300

Form 5500 Responses for SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST

2011: SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan benefit arrangement – InsuranceYes
2010: SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan benefit arrangement – InsuranceYes
2009: SARAS AMERICA INC. 401(K) PLAN RETIREMENT TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )
Policy contract number938842
Policy instance 1
Insurance contract or identification number938842
Number of Individuals Covered16
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $755
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )
Policy contract number938842
Policy instance 1
Insurance contract or identification number938842
Number of Individuals Covered17
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $689
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $689
Insurance broker organization code?4
Insurance broker namePRIMERICA FINANCIAL SERVICES, INC.

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