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TECHSKILLS LLC 401(K) PLAN 401k Plan overview

Plan NameTECHSKILLS LLC 401(K) PLAN
Plan identification number 002

TECHSKILLS LLC 401(K) 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TECHSKILLS, LLC has sponsored the creation of one or more 401k plans.

Company Name:TECHSKILLS, LLC
Employer identification number (EIN):522197987
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about TECHSKILLS, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 3117062

More information about TECHSKILLS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TECHSKILLS LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01HEATHER EDWARDS
0022011-01-26HEATHER EDWARDS

Plan Statistics for TECHSKILLS LLC 401(K) PLAN

401k plan membership statisitcs for TECHSKILLS LLC 401(K) PLAN

Measure Date Value
2012: TECHSKILLS LLC 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01208
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: TECHSKILLS LLC 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-26256
Total number of active participants reported on line 7a of the Form 55002011-01-26171
Number of retired or separated participants receiving benefits2011-01-260
Number of other retired or separated participants entitled to future benefits2011-01-2637
Total of all active and inactive participants2011-01-26208
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-260
Total participants2011-01-26208
Number of participants with account balances2011-01-2672
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-2667

Financial Data on TECHSKILLS LLC 401(K) PLAN

Measure Date Value
2012 : TECHSKILLS LLC 401(K) PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets2012-07-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2012-07-31$0
Total unrealized appreciation/depreciation of assets2012-07-31$0
Total transfer of assets to this plan2012-07-31$0
Total transfer of assets from this plan2012-07-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-07-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-07-31$0
Expenses. Interest paid2012-07-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022012-07-31$0
Total income from all sources (including contributions)2012-07-31$123,870
Total loss/gain on sale of assets2012-07-31$0
Total of all expenses incurred2012-07-31$1,828,361
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-07-31$1,784,239
Expenses. Certain deemed distributions of participant loans2012-07-31$36,603
Value of total corrective distributions2012-07-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-07-31$36,567
Value of total assets at end of year2012-07-31$0
Value of total assets at beginning of year2012-07-31$1,704,491
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-07-31$7,519
Total income from rents2012-07-31$0
Total interest from all sources2012-07-31$1,694
Total dividends received (eg from common stock, registered investment company shares)2012-07-31$9,322
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-07-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-07-31$0
Total dividends received from registered investment company shares (eg mutual funds)2012-07-31$9,322
Assets. Real estate other than employer real property at beginning of year2012-07-31$0
Administrative expenses professional fees incurred2012-07-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2012-07-31$0
Was this plan covered by a fidelity bond2012-07-31No
If this is an individual account plan, was there a blackout period2012-07-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-07-31$0
Were there any nonexempt tranactions with any party-in-interest2012-07-31No
Contributions received from participants2012-07-31$36,553
Participant contributions at beginning of year2012-07-31$42,601
Participant contributions at beginning of year2012-07-31$0
Assets. Other investments not covered elsewhere at beginning of year2012-07-31$0
Income. Received or receivable in cash from other sources (including rollovers)2012-07-31$14
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-07-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-07-31$0
Assets. Loans (other than to participants) at beginning of year2012-07-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-07-31$0
Other income not declared elsewhere2012-07-31$0
Administrative expenses (other) incurred2012-07-31$0
Liabilities. Value of operating payables at beginning of year2012-07-31$0
Total non interest bearing cash at beginning of year2012-07-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-07-31No
Income. Non cash contributions2012-07-31$0
Value of net income/loss2012-07-31$-1,704,491
Value of net assets at end of year (total assets less liabilities)2012-07-31$0
Value of net assets at beginning of year (total assets less liabilities)2012-07-31$1,704,491
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-07-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-07-31No
Were any leases to which the plan was party in default or uncollectible2012-07-31No
Assets. partnership/joint venture interests at beginning of year2012-07-31$0
Investment advisory and management fees2012-07-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-07-31$1,515,614
Interest on participant loans2012-07-31$800
Income. Interest from loans (other than to participants)2012-07-31$0
Interest earned on other investments2012-07-31$894
Income. Interest from US Government securities2012-07-31$0
Income. Interest from corporate debt instruments2012-07-31$0
Value of interest in master investment trust accounts at beginning of year2012-07-31$0
Value of interest in common/collective trusts at beginning of year2012-07-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-07-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-07-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-07-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2012-07-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-07-31$146,276
Expenses. Payments to insurance carriers foe the provision of benefits2012-07-31$0
Asset value of US Government securities at beginning of year2012-07-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-07-31$76,287
Net investment gain/loss from pooled separate accounts2012-07-31$0
Net investment gain or loss from common/collective trusts2012-07-31$0
Net gain/loss from 103.12 investment entities2012-07-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-07-31No
Was there a failure to transmit to the plan any participant contributions2012-07-31No
Has the plan failed to provide any benefit when due under the plan2012-07-31No
Assets. Invements in employer securities at beginning of year2012-07-31$0
Assets. Value of employer real property at beginning of year2012-07-31$0
Contributions received in cash from employer2012-07-31$0
Employer contributions (assets) at beginning of year2012-07-31$0
Income. Dividends from preferred stock2012-07-31$0
Income. Dividends from common stock2012-07-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-07-31$1,784,239
Asset. Corporate debt instrument preferred debt at beginning of year2012-07-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2012-07-31$0
Contract administrator fees2012-07-31$7,519
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-07-31No
Assets. Corporate common stocks other than exployer securities at beginning of year2012-07-31$0
Liabilities. Value of benefit claims payable at beginning of year2012-07-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2012-07-31$0
Did the plan have assets held for investment2012-07-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-07-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-07-31Yes
Aggregate proceeds on sale of assets2012-07-31$0
Aggregate carrying amount (costs) on sale of assets2012-07-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2012-07-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-07-31Yes
Opinion of an independent qualified public accountant for this plan2012-07-31Disclaimer
Accountancy firm name2012-07-31BAKER TILLY VIRCHOW KRAUSE, LLP
Accountancy firm EIN2012-07-31390859910
2011 : TECHSKILLS LLC 401(K) PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$0
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$1,810,979
Total transfer of assets from this plan2011-12-31$0
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$0
Expenses. Interest paid2011-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$0
Total income from all sources (including contributions)2011-12-31$125,628
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$232,116
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$223,726
Expenses. Certain deemed distributions of participant loans2011-12-31$2,353
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$196,222
Value of total assets at end of year2011-12-31$1,704,491
Value of total assets at beginning of year2011-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$6,037
Total income from rents2011-12-31$0
Total interest from all sources2011-12-31$4,357
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$107,744
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$107,744
Assets. Real estate other than employer real property at end of year2011-12-31$0
Assets. Real estate other than employer real property at beginning of year2011-12-31$0
Administrative expenses professional fees incurred2011-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2011-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31No
If this is an individual account plan, was there a blackout period2011-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$178,325
Participant contributions at end of year2011-12-31$42,601
Participant contributions at beginning of year2011-12-31$0
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$0
Assets. Other investments not covered elsewhere at end of year2011-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$17,897
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$0
Assets. Loans (other than to participants) at end of year2011-12-31$0
Assets. Loans (other than to participants) at beginning of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$0
Other income not declared elsewhere2011-12-31$0
Administrative expenses (other) incurred2011-12-31$0
Total non interest bearing cash at end of year2011-12-31$0
Total non interest bearing cash at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Income. Non cash contributions2011-12-31$0
Value of net income/loss2011-12-31$-106,488
Value of net assets at end of year (total assets less liabilities)2011-12-31$1,704,491
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Assets. partnership/joint venture interests at end of year2011-12-31$0
Assets. partnership/joint venture interests at beginning of year2011-12-31$0
Investment advisory and management fees2011-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$1,515,614
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$0
Interest on participant loans2011-12-31$1,638
Income. Interest from loans (other than to participants)2011-12-31$0
Interest earned on other investments2011-12-31$2,719
Income. Interest from US Government securities2011-12-31$0
Income. Interest from corporate debt instruments2011-12-31$0
Value of interest in master investment trust accounts at end of year2011-12-31$0
Value of interest in master investment trust accounts at beginning of year2011-12-31$0
Value of interest in common/collective trusts at end of year2011-12-31$0
Value of interest in common/collective trusts at beginning of year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2011-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$146,276
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Asset value of US Government securities at end of year2011-12-31$0
Asset value of US Government securities at beginning of year2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-182,695
Net investment gain/loss from pooled separate accounts2011-12-31$0
Net investment gain or loss from common/collective trusts2011-12-31$0
Net gain/loss from 103.12 investment entities2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$0
Assets. Invements in employer securities at beginning of year2011-12-31$0
Assets. Value of employer real property at end of year2011-12-31$0
Assets. Value of employer real property at beginning of year2011-12-31$0
Contributions received in cash from employer2011-12-31$0
Employer contributions (assets) at end of year2011-12-31$0
Employer contributions (assets) at beginning of year2011-12-31$0
Income. Dividends from preferred stock2011-12-31$0
Income. Dividends from common stock2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$223,726
Asset. Corporate debt instrument preferred debt at end of year2011-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2011-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$0
Contract administrator fees2011-12-31$6,037
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$0
Liabilities. Value of benefit claims payable at end of year2011-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2011-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$0
Aggregate carrying amount (costs) on sale of assets2011-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2011-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2011-12-31$0

Form 5500 Responses for TECHSKILLS LLC 401(K) PLAN

2012: TECHSKILLS LLC 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TECHSKILLS LLC 401(K) PLAN 2011 form 5500 responses
2011-01-26Type of plan entitySingle employer plan
2011-01-26First time form 5500 has been submittedYes
2011-01-26Submission has been amendedNo
2011-01-26This submission is the final filingNo
2011-01-26This return/report is a short plan year return/report (less than 12 months)Yes
2011-01-26Plan is a collectively bargained planNo
2011-01-26Plan funding arrangement – InsuranceYes
2011-01-26Plan funding arrangement – TrustYes
2011-01-26Plan benefit arrangement – InsuranceYes
2011-01-26Plan benefit arrangement - TrustYes

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