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TIMELESS PHOTO INC 401k Plan overview

Plan NameTIMELESS PHOTO INC
Plan identification number 001

TIMELESS PHOTO INC 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.
  • 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

TIMELESS PHOTO INC has sponsored the creation of one or more 401k plans.

Company Name:TIMELESS PHOTO INC
Employer identification number (EIN):820385367
NAIC Classification:812920
NAIC Description: Photofinishing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TIMELESS PHOTO INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01RANDY MCCREA
0012009-01-01RANDY MCCREA
0012009-01-01RANDY MCCREA

Plan Statistics for TIMELESS PHOTO INC

401k plan membership statisitcs for TIMELESS PHOTO INC

Measure Date Value
2012: TIMELESS PHOTO INC 2012 401k membership
Total participants, beginning-of-year2012-01-015
Number of retired or separated participants receiving benefits2012-01-015
Total of all active and inactive participants2012-01-015
Total participants2012-01-015
Number of employers contributing to the scheme2012-01-012
2009: TIMELESS PHOTO INC 2009 401k membership
Total participants, beginning-of-year2009-01-0113
Total number of active participants reported on line 7a of the Form 55002009-01-0110
Total of all active and inactive participants2009-01-0110
Total participants2009-01-0110
Number of participants with account balances2009-01-0110
Number of employers contributing to the scheme2009-01-012

Financial Data on TIMELESS PHOTO INC

Measure Date Value
2012 : TIMELESS PHOTO INC 2012 401k financial data
Total income from all sources2012-12-31$979
Expenses. Total of all expenses incurred2012-12-31$11,906
Benefits paid (including direct rollovers)2012-12-31$10,342
Total plan assets at end of year2012-12-31$0
Total plan assets at beginning of year2012-12-31$10,927
Value of fidelity bond covering the plan2012-12-31$10,000
Expenses. Other expenses not covered elsewhere2012-12-31$1,564
Other income received2012-12-31$979
Net income (gross income less expenses)2012-12-31$-10,927
Net plan assets at end of year (total assets less liabilities)2012-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$10,927
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
2010 : TIMELESS PHOTO INC 2010 401k financial data
Total income from all sources2010-12-31$5,691
Expenses. Total of all expenses incurred2010-12-31$32,570
Benefits paid (including direct rollovers)2010-12-31$31,405
Total plan assets at end of year2010-12-31$28,134
Total plan assets at beginning of year2010-12-31$55,013
Value of fidelity bond covering the plan2010-12-31$20,000
Expenses. Other expenses not covered elsewhere2010-12-31$1,165
Other income received2010-12-31$5,691
Net income (gross income less expenses)2010-12-31$-26,879
Net plan assets at end of year (total assets less liabilities)2010-12-31$28,134
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$55,013
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
2009 : TIMELESS PHOTO INC 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for TIMELESS PHOTO INC

2012: TIMELESS PHOTO INC 2012 form 5500 responses
2012-01-01Type of plan entityMulti-employer plan
2012-01-01This submission is the final filingYes
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2009: TIMELESS PHOTO INC 2009 form 5500 responses
2009-01-01Type of plan entityMulti-employer plan
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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