401k Plan data: POWERLIGHT 401(K) PLAN plan

POWERLIGHT 401(K) PLAN 401k Plan overview

Plan Name	POWERLIGHT 401(K) PLAN
Plan identification number	001

POWERLIGHT 401(K) PLAN Benefits

401k Plan Type

Defined 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

SUNPOWER CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: SUNPOWER CORPORATION

Employer identification number (EIN): 943008969

NAIC Classification: 339900

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2006-01-01 LOREE FARRAR
001 2005-01-01 LOREE FARRAR
001 2004-01-01 LOREE FARRAR

Plan id#	Filing Submission Date	Name of Administrator
001	2006-01-01	LOREE FARRAR
001	2005-01-01	LOREE FARRAR
001	2004-01-01	LOREE FARRAR

Plan Statistics for POWERLIGHT 401(K) PLAN

401k plan membership statisitcs for POWERLIGHT 401(K) PLAN

Measure Date Value
2006: POWERLIGHT 401(K) PLAN 2006 401k membership
Total participants, beginning-of-year 2006-01-01 134
Total number of active participants reported on line 7a of the Form 5500 2006-01-01 165
Number of retired or separated participants receiving benefits 2006-01-01 0
Number of other retired or separated participants entitled to future benefits 2006-01-01 23
Total of all active and inactive participants 2006-01-01 188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2006-01-01 0
Total participants 2006-01-01 188
Number of participants with account balances 2006-01-01 132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2006-01-01 4
2005: POWERLIGHT 401(K) PLAN 2005 401k membership
Total participants, beginning-of-year 2005-01-01 96
Total number of active participants reported on line 7a of the Form 5500 2005-01-01 119
Number of retired or separated participants receiving benefits 2005-01-01 0
Number of other retired or separated participants entitled to future benefits 2005-01-01 15
Total of all active and inactive participants 2005-01-01 134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2005-01-01 0
Total participants 2005-01-01 134
Number of participants with account balances 2005-01-01 101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2005-01-01 4
2004: POWERLIGHT 401(K) PLAN 2004 401k membership
Total participants, beginning-of-year 2004-01-01 100
Total number of active participants reported on line 7a of the Form 5500 2004-01-01 83
Number of retired or separated participants receiving benefits 2004-01-01 2
Number of other retired or separated participants entitled to future benefits 2004-01-01 11
Total of all active and inactive participants 2004-01-01 96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2004-01-01 0
Total participants 2004-01-01 96
Number of participants with account balances 2004-01-01 76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2004-01-01 4

Measure	Date	Value
2006: POWERLIGHT 401(K) PLAN 2006 401k membership
Total participants, beginning-of-year	2006-01-01	134
Total number of active participants reported on line 7a of the Form 5500	2006-01-01	165
Number of retired or separated participants receiving benefits	2006-01-01	0
Number of other retired or separated participants entitled to future benefits	2006-01-01	23
Total of all active and inactive participants	2006-01-01	188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2006-01-01	0
Total participants	2006-01-01	188
Number of participants with account balances	2006-01-01	132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2006-01-01	4
2005: POWERLIGHT 401(K) PLAN 2005 401k membership
Total participants, beginning-of-year	2005-01-01	96
Total number of active participants reported on line 7a of the Form 5500	2005-01-01	119
Number of retired or separated participants receiving benefits	2005-01-01	0
Number of other retired or separated participants entitled to future benefits	2005-01-01	15
Total of all active and inactive participants	2005-01-01	134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2005-01-01	0
Total participants	2005-01-01	134
Number of participants with account balances	2005-01-01	101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2005-01-01	4
2004: POWERLIGHT 401(K) PLAN 2004 401k membership
Total participants, beginning-of-year	2004-01-01	100
Total number of active participants reported on line 7a of the Form 5500	2004-01-01	83
Number of retired or separated participants receiving benefits	2004-01-01	2
Number of other retired or separated participants entitled to future benefits	2004-01-01	11
Total of all active and inactive participants	2004-01-01	96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2004-01-01	0
Total participants	2004-01-01	96
Number of participants with account balances	2004-01-01	76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2004-01-01	4

Financial Data on POWERLIGHT 401(K) PLAN

Measure	Date	Value
2008 : POWERLIGHT 401(K) PLAN 2008 401k financial data
Total unrealized appreciation/depreciation of assets	2008-10-01	$0
Total transfer of assets from this plan	2008-10-01	$5,848,977
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2008-10-01	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2008-10-01	$0
Total income from all sources (including contributions)	2008-10-01	$119,835
Total loss/gain on sale of assets	2008-10-01	$0
Total of all expenses incurred	2008-10-01	$43,141
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2008-10-01	$43,141
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2008-10-01	$1,303,727
Value of total assets at end of year	2008-10-01	$0
Value of total assets at beginning of year	2008-10-01	$5,772,283
Total of administrative expenses incurred including professional, contract, advisory and management fees	2008-10-01	$0
Total interest from all sources	2008-10-01	$3,212
Total dividends received (eg from common stock, registered investment company shares)	2008-10-01	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2008-10-01	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2008-10-01	$0
Was this plan covered by a fidelity bond	2008-10-01	Yes
Value of fidelity bond cover	2008-10-01	$300,000
If this is an individual account plan, was there a blackout period	2008-10-01	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2008-10-01	$0
Were there any nonexempt tranactions with any party-in-interest	2008-10-01	No
Contributions received from participants	2008-10-01	$1,090,361
Participant contributions at end of year	2008-10-01	$0
Participant contributions at beginning of year	2008-10-01	$16,606
Participant contributions at end of year	2008-10-01	$0
Participant contributions at beginning of year	2008-10-01	$72,345
Income. Received or receivable in cash from other sources (including rollovers)	2008-10-01	$276
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2008-10-01	No
Value of net income/loss	2008-10-01	$76,694
Value of net assets at end of year (total assets less liabilities)	2008-10-01	$0
Value of net assets at beginning of year (total assets less liabilities)	2008-10-01	$5,772,283
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2008-10-01	No
Were any loans by the plan or fixed income obligations due to the plan in default	2008-10-01	No
Were any leases to which the plan was party in default or uncollectible	2008-10-01	No
Value of interest in pooled separate accounts at end of year	2008-10-01	$0
Value of interest in pooled separate accounts at beginning of year	2008-10-01	$5,548,095
Income. Interest from loans (other than to participants)	2008-10-01	$3,212
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2008-10-01	$120,710
Net investment gain/loss from pooled separate accounts	2008-10-01	$-1,187,104
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2008-10-01	No
Was there a failure to transmit to the plan any participant contributions	2008-10-01	Yes
Has the plan failed to provide any benefit when due under the plan	2008-10-01	No
Contributions received in cash from employer	2008-10-01	$213,090
Employer contributions (assets) at end of year	2008-10-01	$0
Employer contributions (assets) at beginning of year	2008-10-01	$14,527
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2008-10-01	$43,141
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2008-10-01	Yes
Did the plan have assets held for investment	2008-10-01	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2008-10-01	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2008-10-01	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2008-10-01	Yes
Opinion of an independent qualified public accountant for this plan	2008-10-01	Disclaimer
Accountancy firm name	2008-10-01	SILICON VALLEY ACCOUNTANCY CORP
Accountancy firm EIN	2008-10-01	770573994
2007 : POWERLIGHT 401(K) PLAN 2007 401k financial data
Total unrealized appreciation/depreciation of assets	2007-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2007-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2007-12-31	$0
Total income from all sources (including contributions)	2007-12-31	$1,805,528
Total loss/gain on sale of assets	2007-12-31	$0
Total of all expenses incurred	2007-12-31	$191,212
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2007-12-31	$191,212
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2007-12-31	$1,613,904
Value of total assets at end of year	2007-12-31	$5,772,283
Value of total assets at beginning of year	2007-12-31	$4,157,967
Total of administrative expenses incurred including professional, contract, advisory and management fees	2007-12-31	$0
Total interest from all sources	2007-12-31	$836
Total dividends received (eg from common stock, registered investment company shares)	2007-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2007-12-31	No
Was this plan covered by a fidelity bond	2007-12-31	Yes
Value of fidelity bond cover	2007-12-31	$300,000
If this is an individual account plan, was there a blackout period	2007-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2007-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2007-12-31	No
Contributions received from participants	2007-12-31	$1,231,918
Participant contributions at end of year	2007-12-31	$16,606
Participant contributions at beginning of year	2007-12-31	$10,770
Participant contributions at end of year	2007-12-31	$72,345
Participant contributions at beginning of year	2007-12-31	$79,905
Income. Received or receivable in cash from other sources (including rollovers)	2007-12-31	$135,603
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2007-12-31	No
Value of net income/loss	2007-12-31	$1,614,316
Value of net assets at end of year (total assets less liabilities)	2007-12-31	$5,772,283
Value of net assets at beginning of year (total assets less liabilities)	2007-12-31	$4,157,967
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2007-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2007-12-31	No
Were any leases to which the plan was party in default or uncollectible	2007-12-31	No
Value of interest in pooled separate accounts at end of year	2007-12-31	$5,548,095
Value of interest in pooled separate accounts at beginning of year	2007-12-31	$4,051,311
Income. Interest from loans (other than to participants)	2007-12-31	$836
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2007-12-31	$120,710
Net investment gain/loss from pooled separate accounts	2007-12-31	$190,788
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2007-12-31	No
Was there a failure to transmit to the plan any participant contributions	2007-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2007-12-31	No
Contributions received in cash from employer	2007-12-31	$246,383
Employer contributions (assets) at end of year	2007-12-31	$14,527
Employer contributions (assets) at beginning of year	2007-12-31	$15,981
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2007-12-31	$191,212
Did the plan have assets held for investment	2007-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2007-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2007-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2007-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2007-12-31	Disclaimer
Accountancy firm name	2007-12-31	SILICON VALLEY ACCOUNTANCY CORP
Accountancy firm EIN	2007-12-31	770573994
2006 : POWERLIGHT 401(K) PLAN 2006 401k financial data
Total unrealized appreciation/depreciation of assets	2006-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2006-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2006-12-31	$0
Total income from all sources (including contributions)	2006-12-31	$1,545,034
Total loss/gain on sale of assets	2006-12-31	$0
Total of all expenses incurred	2006-12-31	$81,176
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2006-12-31	$81,176
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2006-12-31	$1,118,188
Value of total assets at end of year	2006-12-31	$4,157,967
Value of total assets at beginning of year	2006-12-31	$2,694,109
Total of administrative expenses incurred including professional, contract, advisory and management fees	2006-12-31	$0
Total interest from all sources	2006-12-31	$873
Total dividends received (eg from common stock, registered investment company shares)	2006-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2006-12-31	No
Was this plan covered by a fidelity bond	2006-12-31	Yes
Value of fidelity bond cover	2006-12-31	$300,000
If this is an individual account plan, was there a blackout period	2006-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2006-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2006-12-31	No
Contributions received from participants	2006-12-31	$853,109
Participant contributions at end of year	2006-12-31	$10,770
Participant contributions at beginning of year	2006-12-31	$18,053
Participant contributions at end of year	2006-12-31	$79,905
Participant contributions at beginning of year	2006-12-31	$29,917
Income. Received or receivable in cash from other sources (including rollovers)	2006-12-31	$94,460
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2006-12-31	No
Value of net income/loss	2006-12-31	$1,463,858
Value of net assets at end of year (total assets less liabilities)	2006-12-31	$4,157,967
Value of net assets at beginning of year (total assets less liabilities)	2006-12-31	$2,694,109
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2006-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2006-12-31	No
Were any leases to which the plan was party in default or uncollectible	2006-12-31	No
Value of interest in pooled separate accounts at end of year	2006-12-31	$3,932,636
Value of interest in pooled separate accounts at beginning of year	2006-12-31	$2,640,155
Interest on participant loans	2006-12-31	$873
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2006-12-31	$118,675
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2006-12-31	$0
Net investment gain/loss from pooled separate accounts	2006-12-31	$425,973
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2006-12-31	No
Was there a failure to transmit to the plan any participant contributions	2006-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2006-12-31	No
Contributions received in cash from employer	2006-12-31	$170,619
Employer contributions (assets) at end of year	2006-12-31	$15,981
Employer contributions (assets) at beginning of year	2006-12-31	$5,984
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2006-12-31	$81,176
Did the plan have assets held for investment	2006-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2006-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2006-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2006-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2006-12-31	Disclaimer
Accountancy firm name	2006-12-31	SILICON VALLEY ACCOUNTANCY CORP
Accountancy firm EIN	2006-12-31	770573994
2005 : POWERLIGHT 401(K) PLAN 2005 401k financial data
Total income from all sources	2005-12-31	$939,733
Expenses. Total of all expenses incurred	2005-12-31	$125,299
Benefits paid (including direct rollovers)	2005-12-31	$125,299
Total plan assets at end of year	2005-12-31	$2,694,109
Total plan assets at beginning of year	2005-12-31	$1,879,675
Value of fidelity bond covering the plan	2005-12-31	$300,000
Total contributions received or receivable from participants	2005-12-31	$638,311
Contributions received from other sources (not participants or employers)	2005-12-31	$25,517
Other income received	2005-12-31	$148,243
Net income (gross income less expenses)	2005-12-31	$814,434
Net plan assets at end of year (total assets less liabilities)	2005-12-31	$2,694,109
Net plan assets at beginning of year (total assets less liabilities)	2005-12-31	$1,879,675
Assets. Value of participant loans	2005-12-31	$18,053
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2005-12-31	$482,732
Total contributions received or receivable from employer(s)	2005-12-31	$127,662
2004 : POWERLIGHT 401(K) PLAN 2004 401k financial data
Total income from all sources	2004-12-31	$961,189
Expenses. Total of all expenses incurred	2004-12-31	$86,209
Benefits paid (including direct rollovers)	2004-12-31	$86,209
Total plan assets at end of year	2004-12-31	$1,862,255
Total plan assets at beginning of year	2004-12-31	$987,275
Value of fidelity bond covering the plan	2004-12-31	$100,000
Total contributions received or receivable from participants	2004-12-31	$419,366
Contributions received from other sources (not participants or employers)	2004-12-31	$213,422
Other income received	2004-12-31	$244,528
Net income (gross income less expenses)	2004-12-31	$874,980
Net plan assets at end of year (total assets less liabilities)	2004-12-31	$1,862,255
Net plan assets at beginning of year (total assets less liabilities)	2004-12-31	$987,275
Assets. Value of participant loans	2004-12-31	$21,136
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2004-12-31	$117,399
Total contributions received or receivable from employer(s)	2004-12-31	$83,873

Form 5500 Responses for POWERLIGHT 401(K) PLAN

2006: POWERLIGHT 401(K) PLAN 2006 form 5500 responses
2006-01-01	Type of plan entity	Single employer plan
2006-01-01	Submission has been amended	Yes
2006-01-01	This submission is the final filing	No
2006-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2006-01-01	Plan is a collectively bargained plan	No
2006-01-01	Plan funding arrangement – Insurance	Yes
2006-01-01	Plan funding arrangement – Trust	Yes
2006-01-01	Plan benefit arrangement – Insurance	Yes
2006-01-01	Plan benefit arrangement - Trust	Yes
2005: POWERLIGHT 401(K) PLAN 2005 form 5500 responses
2005-01-01	Type of plan entity	Single employer plan
2005-01-01	Submission has been amended	Yes
2005-01-01	This submission is the final filing	No
2005-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2005-01-01	Plan is a collectively bargained plan	No
2005-01-01	Plan funding arrangement – Insurance	Yes
2005-01-01	Plan funding arrangement – Trust	Yes
2005-01-01	Plan benefit arrangement – Insurance	Yes
2005-01-01	Plan benefit arrangement - Trust	Yes
2004: POWERLIGHT 401(K) PLAN 2004 form 5500 responses
2004-01-01	Type of plan entity	Single employer plan
2004-01-01	Submission has been amended	Yes
2004-01-01	This submission is the final filing	No
2004-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2004-01-01	Plan is a collectively bargained plan	No
2004-01-01	Plan funding arrangement – Insurance	Yes
2004-01-01	Plan funding arrangement – Trust	Yes
2004-01-01	Plan benefit arrangement – Insurance	Yes
2004-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	SUNPOWER CORPORATION
Employer identification number (EIN):	943008969
NAIC Classification:	339900