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PSC GROUP 401(K) PLAN 401k Plan overview

Plan NamePSC GROUP 401(K) PLAN
Plan identification number 003

PSC GROUP 401(K) 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PSC GROUP LLC has sponsored the creation of one or more 401k plans.

Company Name:PSC GROUP LLC
Employer identification number (EIN):834157485
NAIC Classification:488300
NAIC Description: Support Activities for Water Transportation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PSC GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01

Plan Statistics for PSC GROUP 401(K) PLAN

401k plan membership statisitcs for PSC GROUP 401(K) PLAN

Measure Date Value
2022: PSC GROUP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-014,459
Total number of active participants reported on line 7a of the Form 55002022-01-013,941
Number of retired or separated participants receiving benefits2022-01-0171
Number of other retired or separated participants entitled to future benefits2022-01-01752
Total of all active and inactive participants2022-01-014,764
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-016
Total participants2022-01-014,770
Number of participants with account balances2022-01-014,371
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011,350
2021: PSC GROUP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-013,848
Total number of active participants reported on line 7a of the Form 55002021-01-013,454
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-011,029
Total of all active and inactive participants2021-01-014,483
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-014
Total participants2021-01-014,487
Number of participants with account balances2021-01-014,247
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011,010
2020: PSC GROUP 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-013,732
Total number of active participants reported on line 7a of the Form 55002020-01-013,249
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01597
Total of all active and inactive participants2020-01-013,846
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-012
Total participants2020-01-013,848
Number of participants with account balances2020-01-013,721
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-01761
2019: PSC GROUP 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-013,635
Total number of active participants reported on line 7a of the Form 55002019-01-013,259
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01474
Total of all active and inactive participants2019-01-013,733
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-013
Total participants2019-01-013,736
Number of participants with account balances2019-01-013,541
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-01912

Financial Data on PSC GROUP 401(K) PLAN

Measure Date Value
2022 : PSC GROUP 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-6,542,227
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$24,864,790
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$24,482,524
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$23,759,450
Value of total assets at end of year2022-12-31$153,854,528
Value of total assets at beginning of year2022-12-31$185,261,545
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$382,266
Total interest from all sources2022-12-31$291,475
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,191,555
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$1,191,555
Administrative expenses professional fees incurred2022-12-31$45,300
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$14,601,525
Participant contributions at end of year2022-12-31$6,315,989
Participant contributions at beginning of year2022-12-31$6,167,544
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$1,604,255
Other income not declared elsewhere2022-12-31$142,423
Administrative expenses (other) incurred2022-12-31$326,966
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-31,407,017
Value of net assets at end of year (total assets less liabilities)2022-12-31$153,854,528
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$185,261,545
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$10,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$35,255,921
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$48,347,055
Interest on participant loans2022-12-31$291,475
Value of interest in common/collective trusts at end of year2022-12-31$112,282,618
Value of interest in common/collective trusts at beginning of year2022-12-31$130,746,946
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-10,370,126
Net investment gain or loss from common/collective trusts2022-12-31$-21,557,004
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$7,553,670
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$24,482,524
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31HAWTHORN, WAYMOUTH & CARROLL, L.L.P
Accountancy firm EIN2022-12-31720464428
2021 : PSC GROUP 401(K) 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$45,093,591
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$17,836,115
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$17,532,271
Expenses. Certain deemed distributions of participant loans2021-12-31$1,848
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$20,467,327
Value of total assets at end of year2021-12-31$185,261,545
Value of total assets at beginning of year2021-12-31$158,004,069
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$301,996
Total interest from all sources2021-12-31$346,550
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$5,617,111
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$5,617,111
Administrative expenses professional fees incurred2021-12-31$30,467
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$12,998,519
Participant contributions at end of year2021-12-31$6,167,544
Participant contributions at beginning of year2021-12-31$6,467,845
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$819,317
Other income not declared elsewhere2021-12-31$161,748
Administrative expenses (other) incurred2021-12-31$271,529
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$27,257,476
Value of net assets at end of year (total assets less liabilities)2021-12-31$185,261,545
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$158,004,069
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$48,347,055
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$143,416,851
Interest on participant loans2021-12-31$346,550
Value of interest in common/collective trusts at end of year2021-12-31$130,746,946
Value of interest in common/collective trusts at beginning of year2021-12-31$8,119,373
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$4,771,422
Net investment gain or loss from common/collective trusts2021-12-31$13,729,433
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
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$6,649,491
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$17,532,271
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 name2021-12-31HAWTHORN, WAYMOUTH &CARROL, L.L.P
Accountancy firm EIN2021-12-31720464428
2020 : PSC GROUP 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
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$45,329,914
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$31,421,824
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$31,269,143
Value of total corrective distributions2020-12-31$627
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$19,702,951
Value of total assets at end of year2020-12-31$158,004,069
Value of total assets at beginning of year2020-12-31$144,095,979
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$152,054
Total interest from all sources2020-12-31$368,649
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$8,384,024
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$8,384,024
Administrative expenses professional fees incurred2020-12-31$22,900
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$11,991,968
Participant contributions at end of year2020-12-31$6,467,845
Participant contributions at beginning of year2020-12-31$6,973,694
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$838,263
Other income not declared elsewhere2020-12-31$142,187
Administrative expenses (other) incurred2020-12-31$93,620
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$13,908,090
Value of net assets at end of year (total assets less liabilities)2020-12-31$158,004,069
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$144,095,979
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$35,534
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$143,416,851
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$131,155,313
Interest on participant loans2020-12-31$368,649
Value of interest in common/collective trusts at end of year2020-12-31$8,119,373
Value of interest in common/collective trusts at beginning of year2020-12-31$5,966,972
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$16,566,536
Net investment gain or loss from common/collective trusts2020-12-31$165,567
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$6,872,720
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$31,269,143
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 plan2020-12-31Disclaimer
Accountancy firm name2020-12-31HAWTHORN, WAYMOUTH & CARROL, L.L.P
Accountancy firm EIN2020-12-31720464428
2019 : PSC GROUP 401(K) 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$0
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$46,462,236
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$19,663,812
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$19,573,605
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$19,278,639
Value of total assets at end of year2019-12-31$144,095,979
Value of total assets at beginning of year2019-12-31$117,297,555
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$90,207
Total interest from all sources2019-12-31$360,059
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$6,783,072
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$6,783,072
Administrative expenses professional fees incurred2019-12-31$10,500
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
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$11,891,845
Participant contributions at end of year2019-12-31$6,973,694
Participant contributions at beginning of year2019-12-31$5,962,296
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$576,767
Other income not declared elsewhere2019-12-31$54,948
Administrative expenses (other) incurred2019-12-31$57,570
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$26,798,424
Value of net assets at end of year (total assets less liabilities)2019-12-31$144,095,979
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$117,297,555
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
Investment advisory and management fees2019-12-31$22,137
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$131,155,313
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$105,394,484
Interest on participant loans2019-12-31$360,059
Value of interest in common/collective trusts at end of year2019-12-31$5,966,972
Value of interest in common/collective trusts at beginning of year2019-12-31$5,940,775
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$19,851,599
Net investment gain or loss from common/collective trusts2019-12-31$133,919
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 contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$6,810,027
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$19,573,605
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 name2019-12-31HAWTHORN, WAYMOUTH &CARROL, L.L.P
Accountancy firm EIN2019-12-31720464428

Form 5500 Responses for PSC GROUP 401(K) PLAN

2022: PSC GROUP 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PSC GROUP 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle 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: PSC GROUP 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle 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
2019: PSC GROUP 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 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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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