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SCS FINANCIAL 401K PLAN 401k Plan overview

Plan NameSCS FINANCIAL 401K PLAN
Plan identification number 001

SCS FINANCIAL 401K 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.
  • 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.

401k Sponsoring company profile

SCS FINANCIAL has sponsored the creation of one or more 401k plans.

Company Name:SCS FINANCIAL
Employer identification number (EIN):542068907
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCS FINANCIAL 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01MICHAEL PARKER
0012015-01-01MICHAEL PARKER
0012014-01-01MICHAEL PARKER
0012013-01-01MICHAEL PARKER
0012012-01-01MIKE PARKER MIKE PARKER2013-10-10
0012011-01-01MIKE PARKER
0012009-01-01TOLY CHEA

Plan Statistics for SCS FINANCIAL 401K PLAN

401k plan membership statisitcs for SCS FINANCIAL 401K PLAN

Measure Date Value
2016: SCS FINANCIAL 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0192
Total number of active participants reported on line 7a of the Form 55002016-01-0178
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0120
Total of all active and inactive participants2016-01-0198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0198
Number of participants with account balances2016-01-0188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: SCS FINANCIAL 401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0189
Total number of active participants reported on line 7a of the Form 55002015-01-0174
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0118
Total of all active and inactive participants2015-01-0192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0192
Number of participants with account balances2015-01-0186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: SCS FINANCIAL 401K PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0184
Total number of active participants reported on line 7a of the Form 55002014-01-0169
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0120
Total of all active and inactive participants2014-01-0189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0189
Number of participants with account balances2014-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-011
2013: SCS FINANCIAL 401K PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0173
Total number of active participants reported on line 7a of the Form 55002013-01-0167
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0117
Total of all active and inactive participants2013-01-0184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0184
Number of participants with account balances2013-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: SCS FINANCIAL 401K PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0154
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 benefits2012-01-0116
Total of all active and inactive participants2012-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0116
Number of participants with account balances2012-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: SCS FINANCIAL 401K PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0158
Total number of active participants reported on line 7a of the Form 55002011-01-0154
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 participants2011-01-0167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0167
Number of participants with account balances2011-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: SCS FINANCIAL 401K PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0140
Total number of active participants reported on line 7a of the Form 55002009-01-0137
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0110
Total of all active and inactive participants2009-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0147
Number of participants with account balances2009-01-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SCS FINANCIAL 401K PLAN

Measure Date Value
2016 : SCS FINANCIAL 401K PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$1,631,073
Expenses. Total of all expenses incurred2016-12-31$274,226
Benefits paid (including direct rollovers)2016-12-31$273,995
Total plan assets at end of year2016-12-31$9,771,694
Total plan assets at beginning of year2016-12-31$8,414,847
Value of fidelity bond covering the plan2016-12-31$4,000,000
Total contributions received or receivable from participants2016-12-31$719,968
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$30,624
Other income received2016-12-31$506,448
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$1,356,847
Net plan assets at end of year (total assets less liabilities)2016-12-31$9,771,694
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$8,414,847
Assets. Value of participant loans2016-12-31$85,150
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022016-12-31$0
Total contributions received or receivable from employer(s)2016-12-31$374,033
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$231
2015 : SCS FINANCIAL 401K PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$1,474,648
Expenses. Total of all expenses incurred2015-12-31$444,512
Benefits paid (including direct rollovers)2015-12-31$444,253
Total plan assets at end of year2015-12-31$8,414,847
Total plan assets at beginning of year2015-12-31$7,384,711
Value of fidelity bond covering the plan2015-12-31$4,000,000
Total contributions received or receivable from participants2015-12-31$721,703
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$286,219
Other income received2015-12-31$113,121
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$1,030,136
Net plan assets at end of year (total assets less liabilities)2015-12-31$8,414,847
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$7,384,711
Assets. Value of participant loans2015-12-31$121,659
Total contributions received or receivable from employer(s)2015-12-31$353,605
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$259
2014 : SCS FINANCIAL 401K PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$1,380,340
Expenses. Total of all expenses incurred2014-12-31$250,963
Benefits paid (including direct rollovers)2014-12-31$249,917
Total plan assets at end of year2014-12-31$7,384,711
Total plan assets at beginning of year2014-12-31$6,255,334
Value of fidelity bond covering the plan2014-12-31$4,000,000
Total contributions received or receivable from participants2014-12-31$644,474
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$768
Other income received2014-12-31$416,880
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$1,129,377
Net plan assets at end of year (total assets less liabilities)2014-12-31$7,384,711
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$6,255,334
Assets. Value of participant loans2014-12-31$69,252
Total contributions received or receivable from employer(s)2014-12-31$318,218
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$1,046
2013 : SCS FINANCIAL 401K PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$2,244,179
Expenses. Total of all expenses incurred2013-12-31$240,737
Benefits paid (including direct rollovers)2013-12-31$240,561
Total plan assets at end of year2013-12-31$6,255,334
Total plan assets at beginning of year2013-12-31$4,251,892
Value of fidelity bond covering the plan2013-12-31$4,000,000
Total contributions received or receivable from participants2013-12-31$585,580
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$300,671
Other income received2013-12-31$1,048,700
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$2,003,442
Net plan assets at end of year (total assets less liabilities)2013-12-31$6,255,334
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$4,251,892
Assets. Value of participant loans2013-12-31$50,662
Total contributions received or receivable from employer(s)2013-12-31$309,228
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$176
2012 : SCS FINANCIAL 401K PLAN 2012 401k financial data
Total income from all sources2012-12-31$1,447,930
Expenses. Total of all expenses incurred2012-12-31$11,770
Benefits paid (including direct rollovers)2012-12-31$11,441
Total plan assets at end of year2012-12-31$4,251,892
Total plan assets at beginning of year2012-12-31$2,815,732
Value of fidelity bond covering the plan2012-12-31$4,000,000
Total contributions received or receivable from participants2012-12-31$520,871
Contributions received from other sources (not participants or employers)2012-12-31$279,800
Other income received2012-12-31$388,828
Net income (gross income less expenses)2012-12-31$1,436,160
Net plan assets at end of year (total assets less liabilities)2012-12-31$4,251,892
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,815,732
Assets. Value of participant loans2012-12-31$63,143
Total contributions received or receivable from employer(s)2012-12-31$258,431
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$329
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : SCS FINANCIAL 401K PLAN 2011 401k financial data
Total income from all sources2011-12-31$620,775
Expenses. Total of all expenses incurred2011-12-31$33,445
Benefits paid (including direct rollovers)2011-12-31$33,346
Total plan assets at end of year2011-12-31$2,815,732
Total plan assets at beginning of year2011-12-31$2,228,402
Value of fidelity bond covering the plan2011-12-31$3,000,000
Total contributions received or receivable from participants2011-12-31$414,645
Contributions received from other sources (not participants or employers)2011-12-31$113,659
Other income received2011-12-31$-112,185
Net income (gross income less expenses)2011-12-31$587,330
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,815,732
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,228,402
Total contributions received or receivable from employer(s)2011-12-31$204,656
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$99
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : SCS FINANCIAL 401K PLAN 2010 401k financial data
Total income from all sources2010-12-31$810,979
Expenses. Total of all expenses incurred2010-12-31$53,837
Benefits paid (including direct rollovers)2010-12-31$53,835
Total plan assets at end of year2010-12-31$2,228,402
Total plan assets at beginning of year2010-12-31$1,471,260
Value of fidelity bond covering the plan2010-12-31$3,000,000
Total contributions received or receivable from participants2010-12-31$361,391
Contributions received from other sources (not participants or employers)2010-12-31$42,963
Other income received2010-12-31$230,921
Net income (gross income less expenses)2010-12-31$757,142
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,228,402
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,471,260
Total contributions received or receivable from employer(s)2010-12-31$175,704
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$2
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : SCS FINANCIAL 401K PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SCS FINANCIAL 401K PLAN

2016: SCS FINANCIAL 401K PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SCS FINANCIAL 401K PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SCS FINANCIAL 401K PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SCS FINANCIAL 401K PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SCS FINANCIAL 401K 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 filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SCS FINANCIAL 401K PLAN 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 funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SCS FINANCIAL 401K PLAN 2009 form 5500 responses
2009-01-01Type of plan entityMulitple 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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