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WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 401k Plan overview

Plan NameWALLACE FINANCIAL GROUP, INC. 401(K) PLAN
Plan identification number 001

WALLACE FINANCIAL GROUP, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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

WALLACE FINANCIAL GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:WALLACE FINANCIAL GROUP, INC.
Employer identification number (EIN):731708268
NAIC Classification:523120
NAIC Description:Securities Brokerage

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WALLACE FINANCIAL GROUP, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012018-01-01PHILLIP WALLACE PHILLIP WALLACE2019-04-16
0012017-01-01PHILLIP WALLACE PHILLIP WALLACE2018-03-05
0012016-01-01PHILLIP WALLACE PHILLIP WALLACE2017-02-13
0012015-01-01PHILLIP WALLACE PHILLIP WALLACE2016-03-04
0012014-01-01PHILLIP C. WALLACE PHILLIP C. WALLACE2015-02-09
0012013-01-01PHILLIP WALLACE PHILLIP WALLACE2014-02-06
0012012-01-01PHILLIP WALLACE PHILLIP WALLACE2013-05-07
0012011-01-01PHILLP WALLACE PHILLP WALLACE2012-02-10
0012009-01-01PHILLIP C. WALLACE PHILLIP C. WALLACE2010-08-19

Plan Statistics for WALLACE FINANCIAL GROUP, INC. 401(K) PLAN

401k plan membership statisitcs for WALLACE FINANCIAL GROUP, INC. 401(K) PLAN

Measure Date Value
2019: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-013
Total number of active participants reported on line 7a of the Form 55002019-01-010
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-010
Number of participants with account balances2019-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-013
Total number of active participants reported on line 7a of the Form 55002018-01-013
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-013
Number of participants with account balances2018-01-012
2017: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-012
Total number of active participants reported on line 7a of the Form 55002017-01-013
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-013
Number of participants with account balances2017-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-013
Total number of active participants reported on line 7a of the Form 55002016-01-012
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-012
Number of participants with account balances2016-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-013
Total number of active participants reported on line 7a of the Form 55002015-01-013
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-013
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-013
Number of participants with account balances2015-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-012
Total number of active participants reported on line 7a of the Form 55002014-01-013
Total of all active and inactive participants2014-01-013
Total participants2014-01-013
Number of participants with account balances2014-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-012
Total number of active participants reported on line 7a of the Form 55002013-01-012
Total of all active and inactive participants2013-01-012
Total participants2013-01-012
Number of participants with account balances2013-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-012
Total number of active participants reported on line 7a of the Form 55002012-01-012
Total of all active and inactive participants2012-01-012
Total participants2012-01-012
Number of participants with account balances2012-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-012
Total number of active participants reported on line 7a of the Form 55002011-01-012
Total of all active and inactive participants2011-01-012
Total participants2011-01-012
Number of participants with account balances2011-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-012
Total number of active participants reported on line 7a of the Form 55002009-01-012
Total of all active and inactive participants2009-01-012
Total participants2009-01-012
Number of participants with account balances2009-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on WALLACE FINANCIAL GROUP, INC. 401(K) PLAN

Measure Date Value
2019 : WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2019 401k financial data
Total income from all sources2019-12-31$3,478
Expenses. Total of all expenses incurred2019-12-31$60,244
Benefits paid (including direct rollovers)2019-12-31$60,244
Total plan assets at end of year2019-12-31$0
Total plan assets at beginning of year2019-12-31$56,766
Total contributions received or receivable from participants2019-12-31$1,000
Other income received2019-12-31$1,678
Net income (gross income less expenses)2019-12-31$-56,766
Net plan assets at end of year (total assets less liabilities)2019-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$56,766
Total contributions received or receivable from employer(s)2019-12-31$800
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$25,460
2018 : WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources2018-12-31$3,340
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$56,766
Total plan assets at beginning of year2018-12-31$53,426
Total contributions received or receivable from participants2018-12-31$1,900
Other income received2018-12-31$-331
Net income (gross income less expenses)2018-12-31$3,340
Net plan assets at end of year (total assets less liabilities)2018-12-31$56,766
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$53,426
Assets. Value of participant loans2018-12-31$18,387
Total contributions received or receivable from employer(s)2018-12-31$1,771
2017 : WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources2017-12-31$6,324
Expenses. Total of all expenses incurred2017-12-31$0
Total plan assets at end of year2017-12-31$53,426
Total plan assets at beginning of year2017-12-31$47,102
Total contributions received or receivable from participants2017-12-31$1,900
Other income received2017-12-31$2,664
Net income (gross income less expenses)2017-12-31$6,324
Net plan assets at end of year (total assets less liabilities)2017-12-31$53,426
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$47,102
Assets. Value of participant loans2017-12-31$20,453
Total contributions received or receivable from employer(s)2017-12-31$1,760
2016 : WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources2016-12-31$4,238
Expenses. Total of all expenses incurred2016-12-31$0
Total plan assets at end of year2016-12-31$47,102
Total plan assets at beginning of year2016-12-31$42,864
Total contributions received or receivable from participants2016-12-31$1,700
Other income received2016-12-31$999
Net income (gross income less expenses)2016-12-31$4,238
Net plan assets at end of year (total assets less liabilities)2016-12-31$47,102
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$42,864
Assets. Value of participant loans2016-12-31$14,562
Total contributions received or receivable from employer(s)2016-12-31$1,539
2015 : WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2015 401k financial data
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$4,537
Expenses. Total of all expenses incurred2015-12-31$29
Total plan assets at end of year2015-12-31$42,864
Total plan assets at beginning of year2015-12-31$38,356
Total contributions received or receivable from participants2015-12-31$2,200
Expenses. Other expenses not covered elsewhere2015-12-31$29
Other income received2015-12-31$249
Net income (gross income less expenses)2015-12-31$4,508
Net plan assets at end of year (total assets less liabilities)2015-12-31$42,864
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$38,356
Assets. Value of participant loans2015-12-31$10,135
Total contributions received or receivable from employer(s)2015-12-31$2,088
2014 : WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$10,000
Total income from all sources2014-12-31$-135
Expenses. Total of all expenses incurred2014-12-31$30
Total plan assets at end of year2014-12-31$38,356
Total plan assets at beginning of year2014-12-31$48,521
Total contributions received or receivable from participants2014-12-31$2,130
Expenses. Other expenses not covered elsewhere2014-12-31$30
Other income received2014-12-31$-4,395
Net income (gross income less expenses)2014-12-31$-165
Net plan assets at end of year (total assets less liabilities)2014-12-31$38,356
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$38,521
Assets. Value of participant loans2014-12-31$8,223
Total contributions received or receivable from employer(s)2014-12-31$2,130
2013 : WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$10,000
Total income from all sources2013-12-31$4,747
Expenses. Total of all expenses incurred2013-12-31$90
Total plan assets at end of year2013-12-31$48,521
Total plan assets at beginning of year2013-12-31$33,864
Value of fidelity bond covering the plan2013-12-31$10,000
Total contributions received or receivable from participants2013-12-31$1,560
Expenses. Other expenses not covered elsewhere2013-12-31$90
Other income received2013-12-31$1,627
Net income (gross income less expenses)2013-12-31$4,657
Net plan assets at end of year (total assets less liabilities)2013-12-31$38,521
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$33,864
Assets. Value of participant loans2013-12-31$7,929
Total contributions received or receivable from employer(s)2013-12-31$1,560
2012 : WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$1,228
Expenses. Total of all expenses incurred2012-12-31$30
Total plan assets at end of year2012-12-31$33,864
Total plan assets at beginning of year2012-12-31$32,666
Value of fidelity bond covering the plan2012-12-31$10,000
Total contributions received or receivable from participants2012-12-31$1,495
Expenses. Other expenses not covered elsewhere2012-12-31$30
Other income received2012-12-31$-1,762
Net income (gross income less expenses)2012-12-31$1,198
Net plan assets at end of year (total assets less liabilities)2012-12-31$33,864
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$32,666
Assets. Value of participant loans2012-12-31$7,114
Total contributions received or receivable from employer(s)2012-12-31$1,495
2011 : WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$2,393
Expenses. Total of all expenses incurred2011-12-31$0
Total plan assets at end of year2011-12-31$32,666
Total plan assets at beginning of year2011-12-31$30,273
Total contributions received or receivable from participants2011-12-31$1,365
Other income received2011-12-31$-337
Net income (gross income less expenses)2011-12-31$2,393
Net plan assets at end of year (total assets less liabilities)2011-12-31$32,666
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$30,273
Assets. Value of participant loans2011-12-31$16,634
Total contributions received or receivable from employer(s)2011-12-31$1,365
2010 : WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$239
Expenses. Total of all expenses incurred2010-12-31$26,460
Benefits paid (including direct rollovers)2010-12-31$26,400
Total plan assets at end of year2010-12-31$30,273
Total plan assets at beginning of year2010-12-31$56,494
Value of fidelity bond covering the plan2010-12-31$10,000
Total contributions received or receivable from participants2010-12-31$1,430
Assets. Value of loans (other than to participants)2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$60
Other income received2010-12-31$-2,621
Net income (gross income less expenses)2010-12-31$-26,221
Net plan assets at end of year (total assets less liabilities)2010-12-31$30,273
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$56,494
Total contributions received or receivable from employer(s)2010-12-31$1,430
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for WALLACE FINANCIAL GROUP, INC. 401(K) PLAN

2019: WALLACE FINANCIAL GROUP, INC. 401(K) 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 filingYes
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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: WALLACE FINANCIAL GROUP, INC. 401(K) 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: WALLACE FINANCIAL GROUP, INC. 401(K) 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: WALLACE FINANCIAL GROUP, INC. 401(K) 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: WALLACE FINANCIAL GROUP, INC. 401(K) 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: WALLACE FINANCIAL GROUP, INC. 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 filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: WALLACE FINANCIAL GROUP, INC. 401(K) 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 is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle 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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