401k Plan data: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN plan

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

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

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

401k Plan Type

Defined 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 Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01
001 2018-01-01 PHILLIP WALLACE PHILLIP WALLACE 2019-04-16
001 2017-01-01 PHILLIP WALLACE PHILLIP WALLACE 2018-03-05
001 2016-01-01 PHILLIP WALLACE PHILLIP WALLACE 2017-02-13
001 2015-01-01 PHILLIP WALLACE PHILLIP WALLACE 2016-03-04
001 2014-01-01 PHILLIP C. WALLACE PHILLIP C. WALLACE 2015-02-09
001 2013-01-01 PHILLIP WALLACE PHILLIP WALLACE 2014-02-06
001 2012-01-01 PHILLIP WALLACE PHILLIP WALLACE 2013-05-07
001 2011-01-01 PHILLP WALLACE PHILLP WALLACE 2012-02-10
001 2009-01-01 PHILLIP C. WALLACE PHILLIP C. WALLACE 2010-08-19

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2019-01-01
001	2018-01-01	PHILLIP WALLACE	PHILLIP WALLACE	2019-04-16
001	2017-01-01	PHILLIP WALLACE	PHILLIP WALLACE	2018-03-05
001	2016-01-01	PHILLIP WALLACE	PHILLIP WALLACE	2017-02-13
001	2015-01-01	PHILLIP WALLACE	PHILLIP WALLACE	2016-03-04
001	2014-01-01	PHILLIP C. WALLACE	PHILLIP C. WALLACE	2015-02-09
001	2013-01-01	PHILLIP WALLACE	PHILLIP WALLACE	2014-02-06
001	2012-01-01	PHILLIP WALLACE	PHILLIP WALLACE	2013-05-07
001	2011-01-01	PHILLP WALLACE	PHILLP WALLACE	2012-02-10
001	2009-01-01	PHILLIP C. WALLACE	PHILLIP C. WALLACE	2010-08-19

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 sources	2019-12-31	$3,478
Expenses. Total of all expenses incurred	2019-12-31	$60,244
Benefits paid (including direct rollovers)	2019-12-31	$60,244
Total plan assets at end of year	2019-12-31	$0
Total plan assets at beginning of year	2019-12-31	$56,766
Total contributions received or receivable from participants	2019-12-31	$1,000
Other income received	2019-12-31	$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 securities	2019-12-31	$25,460
2018 : WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$3,340
Expenses. Total of all expenses incurred	2018-12-31	$0
Total plan assets at end of year	2018-12-31	$56,766
Total plan assets at beginning of year	2018-12-31	$53,426
Total contributions received or receivable from participants	2018-12-31	$1,900
Other income received	2018-12-31	$-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 loans	2018-12-31	$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 sources	2017-12-31	$6,324
Expenses. Total of all expenses incurred	2017-12-31	$0
Total plan assets at end of year	2017-12-31	$53,426
Total plan assets at beginning of year	2017-12-31	$47,102
Total contributions received or receivable from participants	2017-12-31	$1,900
Other income received	2017-12-31	$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 loans	2017-12-31	$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 sources	2016-12-31	$4,238
Expenses. Total of all expenses incurred	2016-12-31	$0
Total plan assets at end of year	2016-12-31	$47,102
Total plan assets at beginning of year	2016-12-31	$42,864
Total contributions received or receivable from participants	2016-12-31	$1,700
Other income received	2016-12-31	$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 loans	2016-12-31	$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 year	2015-12-31	$0
Total income from all sources	2015-12-31	$4,537
Expenses. Total of all expenses incurred	2015-12-31	$29
Total plan assets at end of year	2015-12-31	$42,864
Total plan assets at beginning of year	2015-12-31	$38,356
Total contributions received or receivable from participants	2015-12-31	$2,200
Expenses. Other expenses not covered elsewhere	2015-12-31	$29
Other income received	2015-12-31	$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 loans	2015-12-31	$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 year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$10,000
Total income from all sources	2014-12-31	$-135
Expenses. Total of all expenses incurred	2014-12-31	$30
Total plan assets at end of year	2014-12-31	$38,356
Total plan assets at beginning of year	2014-12-31	$48,521
Total contributions received or receivable from participants	2014-12-31	$2,130
Expenses. Other expenses not covered elsewhere	2014-12-31	$30
Other income received	2014-12-31	$-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 loans	2014-12-31	$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 year	2013-12-31	$10,000
Total income from all sources	2013-12-31	$4,747
Expenses. Total of all expenses incurred	2013-12-31	$90
Total plan assets at end of year	2013-12-31	$48,521
Total plan assets at beginning of year	2013-12-31	$33,864
Value of fidelity bond covering the plan	2013-12-31	$10,000
Total contributions received or receivable from participants	2013-12-31	$1,560
Expenses. Other expenses not covered elsewhere	2013-12-31	$90
Other income received	2013-12-31	$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 loans	2013-12-31	$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 sources	2012-12-31	$1,228
Expenses. Total of all expenses incurred	2012-12-31	$30
Total plan assets at end of year	2012-12-31	$33,864
Total plan assets at beginning of year	2012-12-31	$32,666
Value of fidelity bond covering the plan	2012-12-31	$10,000
Total contributions received or receivable from participants	2012-12-31	$1,495
Expenses. Other expenses not covered elsewhere	2012-12-31	$30
Other income received	2012-12-31	$-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 loans	2012-12-31	$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 sources	2011-12-31	$2,393
Expenses. Total of all expenses incurred	2011-12-31	$0
Total plan assets at end of year	2011-12-31	$32,666
Total plan assets at beginning of year	2011-12-31	$30,273
Total contributions received or receivable from participants	2011-12-31	$1,365
Other income received	2011-12-31	$-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 loans	2011-12-31	$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 sources	2010-12-31	$239
Expenses. Total of all expenses incurred	2010-12-31	$26,460
Benefits paid (including direct rollovers)	2010-12-31	$26,400
Total plan assets at end of year	2010-12-31	$30,273
Total plan assets at beginning of year	2010-12-31	$56,494
Value of fidelity bond covering the plan	2010-12-31	$10,000
Total contributions received or receivable from participants	2010-12-31	$1,430
Assets. Value of loans (other than to participants)	2010-12-31	$0
Expenses. Other expenses not covered elsewhere	2010-12-31	$60
Other income received	2010-12-31	$-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 securities	2010-12-31	$0

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

2019: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	Yes
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: WALLACE FINANCIAL GROUP, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

WALLACE FINANCIAL 401(K) PLAN [EIN = 900726945]

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