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PALANISAMI & ASSOCIATES, INC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NamePALANISAMI & ASSOCIATES, INC 401(K) PROFIT SHARING PLAN
Plan identification number 001

PALANISAMI & ASSOCIATES, INC 401(K) PROFIT SHARING 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PALANISAMI & ASSOCIATES, INC has sponsored the creation of one or more 401k plans.

Company Name:PALANISAMI & ASSOCIATES, INC
Employer identification number (EIN):411544398
NAIC Classification:541330
NAIC Description:Engineering Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PALANISAMI & ASSOCIATES, INC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-06-01VALLINAYAKI PALANISAMI2023-08-25
0012021-06-01VALLINAYAKI PALANISAMI2022-09-20
0012020-06-01VALLINAYAKI PALANISAMI2021-08-30
0012019-06-01VALLINAYAKI PALANISAMI2020-09-09
0012018-06-01VALLINAYAKI PALANISAMI2019-07-22
0012017-06-01VALLINAYAKI PALANISAMI2018-07-13
0012016-06-01VALLINAYAKI PALANISAMI2017-07-28
0012015-06-01VALLINAYAKI PALANISAMI2016-07-27
0012014-06-01VALLINAYAKI PALANISAMI2015-07-31
0012013-06-01VALLINAYAKI PALANISAMI2014-07-02
0012012-06-01VALLINAYAKI PALANISAMI2013-07-25
0012011-06-01VALLINAYAKI PALANISAMI2012-08-06
0012010-06-01VALLINAYAKI PALANISAMI2011-11-17
0012008-06-01VALLINAYAKI PALANISAMI

Plan Statistics for PALANISAMI & ASSOCIATES, INC 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PALANISAMI & ASSOCIATES, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2008: PALANISAMI & ASSOCIATES, INC 401(K) PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year2008-06-0120
Total number of active participants reported on line 7a of the Form 55002008-06-0122
Number of retired or separated participants receiving benefits2008-06-010
Number of other retired or separated participants entitled to future benefits2008-06-013
Total of all active and inactive participants2008-06-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-06-011
Total participants2008-06-0126
Number of participants with account balances2008-06-0126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-06-010

Financial Data on PALANISAMI & ASSOCIATES, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2009 : PALANISAMI & ASSOCIATES, INC 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total income from all sources2009-05-31$-501,654
Expenses. Total of all expenses incurred2009-05-31$238,303
Benefits paid (including direct rollovers)2009-05-31$238,289
Total plan assets at end of year2009-05-31$1,829,682
Total plan assets at beginning of year2009-05-31$2,569,639
Value of fidelity bond covering the plan2009-05-31$100,000
Total contributions received or receivable from participants2009-05-31$107,032
Other income received2009-05-31$-688,686
Net income (gross income less expenses)2009-05-31$-739,957
Net plan assets at end of year (total assets less liabilities)2009-05-31$1,829,682
Net plan assets at beginning of year (total assets less liabilities)2009-05-31$2,569,639
Total contributions received or receivable from employer(s)2009-05-31$80,000
Expenses. Administrative service providers (salaries,fees and commissions)2009-05-31$14

Form 5500 Responses for PALANISAMI & ASSOCIATES, INC 401(K) PROFIT SHARING PLAN

2008: PALANISAMI & ASSOCIATES, INC 401(K) PROFIT SHARING PLAN 2008 form 5500 responses
2008-06-01Type of plan entitySingle employer plan
2008-06-01Submission has been amendedYes
2008-06-01This submission is the final filingNo
2008-06-01This return/report is a short plan year return/report (less than 12 months)No
2008-06-01Plan is a collectively bargained planNo
2008-06-01Plan funding arrangement – InsuranceYes
2008-06-01Plan funding arrangement – TrustYes
2008-06-01Plan benefit arrangement – InsuranceYes
2008-06-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract numberGA-39345
Policy instance 1
Insurance contract or identification numberGA-39345
Number of Individuals Covered26
Insurance policy start date2008-06-01
Insurance policy end date2009-05-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $1,427
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?Yes
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

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