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PRESTIGE STAFFING 401K & PROFIT SHARING PLAN 401k Plan overview

Plan NamePRESTIGE STAFFING 401K & PROFIT SHARING PLAN
Plan identification number 001

PRESTIGE STAFFING 401K & 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.
  • 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

PRESTIGE STAFFING INC. has sponsored the creation of one or more 401k plans.

Company Name:PRESTIGE STAFFING INC.
Employer identification number (EIN):582551180
NAIC Classification:561300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRESTIGE STAFFING 401K & PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DOUG BREUNIG2024-05-28
0012022-01-01DOUG BREUNIG2024-01-16
0012021-01-01JOHN ANSAY2022-06-02
0012020-01-01JOHN ANSAY2021-10-05
0012020-01-01DOUG BREUNIG2022-11-18
0012020-01-01DOUG BREUNIG2022-11-18
0012019-01-01
0012017-01-01JOHN ANSAY2018-06-08
0012016-01-01DOUG BREUNIG2017-06-19
0012013-01-01WES TURNER2014-06-11
0012012-01-01WES TURNER2013-06-06
0012011-01-01WES TURNER2012-06-13
0012010-01-01WES TURNER2011-09-21 WES TURNER2011-09-21

Plan Statistics for PRESTIGE STAFFING 401K & PROFIT SHARING PLAN

401k plan membership statisitcs for PRESTIGE STAFFING 401K & PROFIT SHARING PLAN

Measure Date Value
2025: PRESTIGE STAFFING 401K & PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-24188
Total number of particpants at end of year2025-04-24129
Number of Participants With Account Balances2025-04-2478
2024: PRESTIGE STAFFING 401K & PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-28132
Total number of particpants at end of year2024-05-28130
Number of Participants With Account Balances2024-05-2886
2019: PRESTIGE STAFFING 401K & PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01101
Total number of active participants reported on line 7a of the Form 55002019-01-0184
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-0114
Total of all active and inactive participants2019-01-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0199
Number of participants with account balances2019-01-0166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013

Financial Data on PRESTIGE STAFFING 401K & PROFIT SHARING PLAN

Measure Date Value
2025 : PRESTIGE STAFFING 401K & PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-24443984
Net assets as of the end of the plan year2025-04-246963644
Total assets as of the beginning of the plan year2025-04-246126403
Value of plan covered by a fidelity bond2025-04-24500000
Participant contributions to plan in this plan year2025-04-24589960
Other contributions to plan in this plan year2025-04-246087
Other income to plan in this plan year2025-04-24685178
Plan net income in this plan year2025-04-24837241
Net assets as of the end of the plan year2025-04-246963644
Net assets as of the beginning of the plan year2025-04-246126403
Fees paid to broker by Benefit Provider2025-04-24496
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-247067
2024 : PRESTIGE STAFFING 401K & PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-2860097
Net assets as of the end of the plan year2024-05-286126403
Total assets as of the beginning of the plan year2024-05-284883486
Value of plan covered by a fidelity bond2024-05-28500000
Participant contributions to plan in this plan year2024-05-28623310
Other contributions to plan in this plan year2024-05-286366
Other income to plan in this plan year2024-05-28673338
Plan net income in this plan year2024-05-281242917
Net assets as of the end of the plan year2024-05-286126403
Net assets as of the beginning of the plan year2024-05-284883486
Fees paid to broker by Benefit Provider2024-05-28825
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-284431
2019 : PRESTIGE STAFFING 401K & PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$13,088
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$818,342
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$171,531
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$164,822
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$386,618
Value of total assets at end of year2019-12-31$2,982,928
Value of total assets at beginning of year2019-12-31$2,323,029
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$6,709
Total interest from all sources2019-12-31$6,468
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$21,350
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$21,350
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$378,357
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$4,790
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$8,261
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$13,088
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$646,811
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,969,840
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,323,029
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$1,743,470
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,407,742
Value of interest in pooled separate accounts at end of year2019-12-31$369,586
Value of interest in pooled separate accounts at beginning of year2019-12-31$253,186
Interest earned on other investments2019-12-31$6,468
Value of interest in common/collective trusts at end of year2019-12-31$243,879
Value of interest in common/collective trusts at beginning of year2019-12-31$152,201
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$625,993
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$505,110
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$287,454
Net investment gain/loss from pooled separate accounts2019-12-31$73,953
Net investment gain or loss from common/collective trusts2019-12-31$42,499
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$164,822
Contract administrator fees2019-12-31$6,709
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31WINDHAM BRANNON, LLC
Accountancy firm EIN2019-12-31581763439
2018 : PRESTIGE STAFFING 401K & PROFIT SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$278,185
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$211,127
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$205,008
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$384,611
Value of total assets at end of year2018-12-31$2,318,238
Value of total assets at beginning of year2018-12-31$2,251,180
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$6,119
Total interest from all sources2018-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$384,611
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$67,058
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,318,238
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$2,251,180
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$2,065,052
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$2,251,180
Value of interest in pooled separate accounts at end of year2018-12-31$253,186
Value of interest in pooled separate accounts at beginning of year2018-12-31$0
Net investment gain/loss from pooled separate accounts2018-12-31$-106,426
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$205,008
Contract administrator fees2018-12-31$6,119
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31WINDHAM BRANNON, P.C.
Accountancy firm EIN2018-12-31581763439

Form 5500 Responses for PRESTIGE STAFFING 401K & PROFIT SHARING PLAN

2019: PRESTIGE STAFFING 401K & PROFIT SHARING 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 – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number529244
Policy instance 2

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