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PERSONNEL PLUS, INC. RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NamePERSONNEL PLUS, INC. RETIREMENT SAVINGS PLAN
Plan identification number 001

PERSONNEL PLUS, INC. RETIREMENT SAVINGS 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.

401k Sponsoring company profile

PERSONNEL PLUS, INC. has sponsored the creation of one or more 401k plans.

Company Name:PERSONNEL PLUS, INC.
Employer identification number (EIN):640771714
NAIC Classification:541600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PERSONNEL PLUS, INC. RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012021-01-01DON R TAYLOR
0012020-01-01DON TAYLOR2022-03-24
0012019-07-01

Financial Data on PERSONNEL PLUS, INC. RETIREMENT SAVINGS PLAN

Measure Date Value
2025 : PERSONNEL PLUS, INC. RETIREMENT SAVINGS PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-1154646
Net assets as of the end of the plan year2025-07-111484007
Total assets as of the beginning of the plan year2025-07-11940289
Participant contributions to plan in this plan year2025-07-11216170
Value of participant loans at end of plan year2025-07-1113187
Other contributions to plan in this plan year2025-07-11120223
Other income to plan in this plan year2025-07-11126847
Plan net income in this plan year2025-07-11543718
Net assets as of the end of the plan year2025-07-111484007
Net assets as of the beginning of the plan year2025-07-11940289
Employer contributions to plan in this plan year2025-07-11135124
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-1114000
2024 : PERSONNEL PLUS, INC. RETIREMENT SAVINGS PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-03-05300857
Total expenses incurred by plan in this plan year2024-03-0527194
Net assets as of the end of the plan year2024-03-05940289
Total assets as of the beginning of the plan year2024-03-05354134
Participant contributions to plan in this plan year2024-03-05111018
Value of participant loans at end of plan year2024-03-0514824
Other contributions to plan in this plan year2024-03-0520008
Other income to plan in this plan year2024-03-0585349
Plan net income in this plan year2024-03-05285298
Net assets as of the end of the plan year2024-03-05940289
Net assets as of the beginning of the plan year2024-03-05354134
Employer contributions to plan in this plan year2024-03-0596117
Expensese paid to adminstrative service provicers from plan in this plan year2024-03-058371
2021 : PERSONNEL PLUS, INC. RETIREMENT SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$129,479
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$39,150
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$35,690
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$105,799
Value of total assets at end of year2021-12-31$251,772
Value of total assets at beginning of year2021-12-31$161,443
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$3,460
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$15,536
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$15,536
Was this plan covered by a fidelity bond2021-12-31No
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$73,001
Participant contributions at end of year2021-12-31$4,079
Participant contributions at beginning of year2021-12-31$1,490
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$90,329
Value of net assets at end of year (total assets less liabilities)2021-12-31$251,772
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$161,443
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$175
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$243,613
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$159,790
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$8,144
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$32,798
Employer contributions (assets) at end of year2021-12-31$4,080
Employer contributions (assets) at beginning of year2021-12-31$163
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$35,690
Contract administrator fees2021-12-31$3,285
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31SOMERSET CPAS, P.C.
Accountancy firm EIN2021-12-31201717681
2020 : PERSONNEL PLUS, INC. RETIREMENT SAVINGS PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$51,309
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$94,098
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$5,545
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$3,196
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$69,557
Value of total assets at end of year2020-12-31$161,443
Value of total assets at beginning of year2020-12-31$21,581
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$2,349
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$4,169
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$4,169
Was this plan covered by a fidelity bond2020-12-31No
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$53,715
Participant contributions at end of year2020-12-31$1,490
Participant contributions at beginning of year2020-12-31$343
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$88,553
Value of net assets at end of year (total assets less liabilities)2020-12-31$161,443
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$21,581
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$37
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$159,790
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$21,092
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$20,372
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$15,842
Employer contributions (assets) at end of year2020-12-31$163
Employer contributions (assets) at beginning of year2020-12-31$146
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$3,196
Contract administrator fees2020-12-31$2,312
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31SOMERSET CPAS, P.C.
Accountancy firm EIN2020-12-31201717681

Form 5500 Responses for PERSONNEL PLUS, INC. RETIREMENT SAVINGS PLAN

2021: PERSONNEL PLUS, INC. RETIREMENT SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entityMulitple employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PERSONNEL PLUS, INC. RETIREMENT SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entityMulitple employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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