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TRANSCOM SERVICES EMPLOYEES' PROFIT SHARING PLAN 401k Plan overview

Plan NameTRANSCOM SERVICES EMPLOYEES' PROFIT SHARING PLAN
Plan identification number 001

TRANSCOM SERVICES EMPLOYEES' PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:TRANSCOM TELECOMMUNICATIONS CORPORATION
Employer identification number (EIN):954806268
NAIC Classification:425110
NAIC Description:Business to Business Electronic Markets

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TRANSCOM SERVICES EMPLOYEES' PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ERISA FIDUCIARY SERVICES2024-05-03
0012022-01-01ERISA FIDUCIARY SERVICES2023-04-07
0012021-01-01ERISA FIDUCIARY SERVICES2022-06-10
0012020-01-01ERISA FIDUCIARY SERVICES2021-04-01
0012019-01-01
0012018-01-01BEN BERG2019-08-06 BEN BERG2019-08-06
0012017-01-01BEN BERG2018-10-11 BEN BERG2018-10-11
0012016-01-01BEN BERG2017-05-26
0012015-01-01BEN BERG2016-07-12
0012014-01-01BEN BERG2015-07-29
0012013-01-01BEN BERG2014-10-03

Financial Data on TRANSCOM SERVICES EMPLOYEES' PROFIT SHARING PLAN

Measure Date Value
2025 : TRANSCOM SERVICES EMPLOYEES' PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-070
Total liabilities as of the end of the plan year2025-04-070
Total liabilities as of the beginning of the plan year2025-04-070
Total expenses incurred by plan in this plan year2025-04-0720476
Net assets as of the end of the plan year2025-04-072116649
Total assets as of the beginning of the plan year2025-04-071859026
Value of plan covered by a fidelity bond2025-04-07500000
Participant contributions to plan in this plan year2025-04-0734847
Value of participant loans at end of plan year2025-04-0712659
Other expenses paid from plan in this plan year2025-04-070
Other contributions to plan in this plan year2025-04-070
Other income to plan in this plan year2025-04-07243252
Plan net income in this plan year2025-04-07257623
Net assets as of the end of the plan year2025-04-072116649
Net assets as of the beginning of the plan year2025-04-071859026
Employer contributions to plan in this plan year2025-04-070
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-0720476
2024 : TRANSCOM SERVICES EMPLOYEES' PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-05-030
Total liabilities as of the end of the plan year2024-05-030
Total liabilities as of the beginning of the plan year2024-05-030
Total expenses incurred by plan in this plan year2024-05-03262553
Net assets as of the end of the plan year2024-05-031859026
Total assets as of the beginning of the plan year2024-05-031835291
Participant contributions to plan in this plan year2024-05-0339244
Value of participant loans at end of plan year2024-05-0323312
Other expenses paid from plan in this plan year2024-05-030
Other contributions to plan in this plan year2024-05-030
Other income to plan in this plan year2024-05-03247044
Plan net income in this plan year2024-05-0323735
Net assets as of the end of the plan year2024-05-031859026
Net assets as of the beginning of the plan year2024-05-031835291
Employer contributions to plan in this plan year2024-05-030
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-0317506
2022 : TRANSCOM SERVICES EMPLOYEES' PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-100
Total liabilities as of the end of the plan year2022-06-100
Total liabilities as of the beginning of the plan year2022-06-100
Total expenses incurred by plan in this plan year2022-06-1021643
Net assets as of the end of the plan year2022-06-102128892
Total assets as of the beginning of the plan year2022-06-101891599
Participant contributions to plan in this plan year2022-06-1023168
Value of participant loans at end of plan year2022-06-109275
Other expenses paid from plan in this plan year2022-06-100
Other contributions to plan in this plan year2022-06-100
Other income to plan in this plan year2022-06-10235768
Plan net income in this plan year2022-06-10237293
Net assets as of the end of the plan year2022-06-102128892
Net assets as of the beginning of the plan year2022-06-101891599
Employer contributions to plan in this plan year2022-06-100
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-1020355
2019 : TRANSCOM SERVICES EMPLOYEES' PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$2,394,509
Expenses. Total of all expenses incurred2019-12-31$91,479
Benefits paid (including direct rollovers)2019-12-31$84,204
Total plan assets at end of year2019-12-31$2,303,030
Total plan assets at beginning of year2019-12-31$0
Value of fidelity bond covering the plan2019-12-31$0
Total contributions received or receivable from participants2019-12-31$15,888
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$2,378,621
Net income (gross income less expenses)2019-12-31$2,303,030
Net plan assets at end of year (total assets less liabilities)2019-12-31$2,303,030
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Assets. Value of participant loans2019-12-31$46,202
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$7,275
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Funding deficiency by the employer to the plan for this plan year2019-12-31$0
Minimum employer required contribution for this plan year2019-12-31$0
Amount contributed by the employer to the plan for this plan year2019-12-31$0

Form 5500 Responses for TRANSCOM SERVICES EMPLOYEES' PROFIT SHARING PLAN

2019: TRANSCOM SERVICES EMPLOYEES' PROFIT SHARING 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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