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WORLD COMMUNICATIONS INC 401(K) PLAN 401k Plan overview

Plan NameWORLD COMMUNICATIONS INC 401(K) PLAN
Plan identification number 001

WORLD COMMUNICATIONS INC 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

WORLD COMMUNICATIONS INC. has sponsored the creation of one or more 401k plans.

Company Name:WORLD COMMUNICATIONS INC.
Employer identification number (EIN):911687809
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WORLD COMMUNICATIONS INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01JAY SWAUN
0012014-01-01JAY SWAUN
0012013-01-01JAY SWAUN
0012012-01-01JAY SWAUN JAY SWAUN2013-09-05
0012011-01-01JAY SWAUN
0012010-01-01JAY SWAUN
0012009-01-01JAY SWAUN
0012009-01-01JAY SWAUN
0012008-01-01

Plan Statistics for WORLD COMMUNICATIONS INC 401(K) PLAN

401k plan membership statisitcs for WORLD COMMUNICATIONS INC 401(K) PLAN

Measure Date Value
2015: WORLD COMMUNICATIONS INC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0153
Total number of active participants reported on line 7a of the Form 55002015-01-010
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 participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: WORLD COMMUNICATIONS INC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0146
Total number of active participants reported on line 7a of the Form 55002014-01-0144
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-019
Total of all active and inactive participants2014-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0153
Number of participants with account balances2014-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: WORLD COMMUNICATIONS INC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0148
Total number of active participants reported on line 7a of the Form 55002013-01-0140
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-016
Total of all active and inactive participants2013-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0146
Number of participants with account balances2013-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: WORLD COMMUNICATIONS INC 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0142
Total number of active participants reported on line 7a of the Form 55002012-01-0141
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-016
Total of all active and inactive participants2012-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-0148
Number of participants with account balances2012-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: WORLD COMMUNICATIONS INC 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0121
Total number of active participants reported on line 7a of the Form 55002011-01-0134
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-018
Total of all active and inactive participants2011-01-0142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0142
Number of participants with account balances2011-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: WORLD COMMUNICATIONS INC 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0124
Total number of active participants reported on line 7a of the Form 55002010-01-0112
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-019
Total of all active and inactive participants2010-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0121
Number of participants with account balances2010-01-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: WORLD COMMUNICATIONS INC 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0124
Total number of active participants reported on line 7a of the Form 55002009-01-0116
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0121
Total participants2009-01-0121
Number of participants with account balances2009-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on WORLD COMMUNICATIONS INC 401(K) PLAN

Measure Date Value
2015 : WORLD COMMUNICATIONS INC 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-01-30$-1,658,280
Total plan liabilities at end of year2015-01-30$0
Total plan liabilities at beginning of year2015-01-30$0
Total income from all sources2015-01-30$-16,028
Expenses. Total of all expenses incurred2015-01-30$38,256
Benefits paid (including direct rollovers)2015-01-30$38,256
Total plan assets at end of year2015-01-30$0
Total plan assets at beginning of year2015-01-30$1,712,564
Value of fidelity bond covering the plan2015-01-30$500,000
Total contributions received or receivable from participants2015-01-30$0
Expenses. Other expenses not covered elsewhere2015-01-30$0
Contributions received from other sources (not participants or employers)2015-01-30$0
Other income received2015-01-30$-16,028
Noncash contributions received2015-01-30$0
Net income (gross income less expenses)2015-01-30$-54,284
Net plan assets at end of year (total assets less liabilities)2015-01-30$0
Net plan assets at beginning of year (total assets less liabilities)2015-01-30$1,712,564
Assets. Value of participant loans2015-01-30$0
Total contributions received or receivable from employer(s)2015-01-30$0
Value of certain deemed distributions of participant loans2015-01-30$0
Value of corrective distributions2015-01-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-01-30$0
2014 : WORLD COMMUNICATIONS INC 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$389,115
Expenses. Total of all expenses incurred2014-12-31$40,221
Benefits paid (including direct rollovers)2014-12-31$40,068
Total plan assets at end of year2014-12-31$1,712,564
Total plan assets at beginning of year2014-12-31$1,363,670
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$181,822
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$22,126
Other income received2014-12-31$92,643
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$348,894
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,712,564
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,363,670
Assets. Value of participant loans2014-12-31$16,999
Total contributions received or receivable from employer(s)2014-12-31$92,524
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$153
2013 : WORLD COMMUNICATIONS INC 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$479,314
Expenses. Total of all expenses incurred2013-12-31$367,627
Benefits paid (including direct rollovers)2013-12-31$367,450
Total plan assets at end of year2013-12-31$1,363,670
Total plan assets at beginning of year2013-12-31$1,251,983
Value of fidelity bond covering the plan2013-12-31$500,000
Total contributions received or receivable from participants2013-12-31$151,120
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$252,023
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$111,687
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,363,670
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,251,983
Assets. Value of participant loans2013-12-31$9,424
Total contributions received or receivable from employer(s)2013-12-31$76,171
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$177
2012 : WORLD COMMUNICATIONS INC 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$380,562
Expenses. Total of all expenses incurred2012-12-31$68,692
Benefits paid (including direct rollovers)2012-12-31$68,589
Total plan assets at end of year2012-12-31$1,251,983
Total plan assets at beginning of year2012-12-31$940,113
Total contributions received or receivable from participants2012-12-31$126,680
Contributions received from other sources (not participants or employers)2012-12-31$38,319
Other income received2012-12-31$149,373
Net income (gross income less expenses)2012-12-31$311,870
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,251,983
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$940,113
Assets. Value of participant loans2012-12-31$3,618
Total contributions received or receivable from employer(s)2012-12-31$66,190
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$103
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : WORLD COMMUNICATIONS INC 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$125,976
Expenses. Total of all expenses incurred2011-12-31$30,222
Benefits paid (including direct rollovers)2011-12-31$29,963
Total plan assets at end of year2011-12-31$940,113
Total plan assets at beginning of year2011-12-31$844,359
Total contributions received or receivable from participants2011-12-31$103,166
Contributions received from other sources (not participants or employers)2011-12-31$1,531
Other income received2011-12-31$-33,625
Net income (gross income less expenses)2011-12-31$95,754
Net plan assets at end of year (total assets less liabilities)2011-12-31$940,113
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$844,359
Assets. Value of participant loans2011-12-31$3,114
Total contributions received or receivable from employer(s)2011-12-31$54,904
Value of corrective distributions2011-12-31$182
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$77
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : WORLD COMMUNICATIONS INC 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$245,338
Expenses. Total of all expenses incurred2010-12-31$34,606
Benefits paid (including direct rollovers)2010-12-31$34,528
Total plan assets at end of year2010-12-31$844,359
Total plan assets at beginning of year2010-12-31$633,627
Total contributions received or receivable from participants2010-12-31$89,918
Other income received2010-12-31$111,343
Net income (gross income less expenses)2010-12-31$210,732
Net plan assets at end of year (total assets less liabilities)2010-12-31$844,359
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$633,627
Assets. Value of participant loans2010-12-31$248
Total contributions received or receivable from employer(s)2010-12-31$44,077
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$78
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : WORLD COMMUNICATIONS INC 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for WORLD COMMUNICATIONS INC 401(K) PLAN

2015: WORLD COMMUNICATIONS 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 filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: WORLD COMMUNICATIONS 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: WORLD COMMUNICATIONS 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: WORLD COMMUNICATIONS 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 funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: WORLD COMMUNICATIONS 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 funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: WORLD COMMUNICATIONS INC 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: WORLD COMMUNICATIONS 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
2008: WORLD COMMUNICATIONS INC 401(K) PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedNo
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo

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