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OPI 401(K) PLAN 401k Plan overview

Plan NameOPI 401(K) PLAN
Plan identification number 001

OPI 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.
  • 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

OUTSOURCE PARTNERS INTERNATIONAL, INC. has sponsored the creation of one or more 401k plans.

Company Name:OUTSOURCE PARTNERS INTERNATIONAL, INC.
Employer identification number (EIN):134028353
NAIC Classification:541219
NAIC Description:Other Accounting Services

Additional information about OUTSOURCE PARTNERS INTERNATIONAL, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2003-01-30
Company Identification Number: 0800177449
Legal Registered Office Address: 10 EXCHANGE PL STE 2200

JERSEY CITY
United States of America (USA)
07302

More information about OUTSOURCE PARTNERS INTERNATIONAL, INC.

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01VISHAL CHHIBBAR
0012010-01-01NINA BASS
0012009-01-01NINA BASS

Plan Statistics for OPI 401(K) PLAN

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

Measure Date Value
2011: OPI 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01308
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-010
Number of participants with account balances2011-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: OPI 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01252
Total number of active participants reported on line 7a of the Form 55002010-01-01246
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0162
Total of all active and inactive participants2010-01-01308
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01308
Number of participants with account balances2010-01-01252
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0116
2009: OPI 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01470
Total number of active participants reported on line 7a of the Form 55002009-01-01181
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0171
Total of all active and inactive participants2009-01-01252
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01252
Number of participants with account balances2009-01-01252
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0129

Financial Data on OPI 401(K) PLAN

Measure Date Value
2011 : OPI 401(K) PLAN 2011 401k financial data
Total transfer of assets from this plan2011-11-15$7,780,733
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-11-15$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-11-15$0
Total income from all sources (including contributions)2011-11-15$1,025,014
Total of all expenses incurred2011-11-15$615,564
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-11-15$534,704
Value of total corrective distributions2011-11-15$65,636
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-11-15$1,088,189
Value of total assets at end of year2011-11-15$0
Value of total assets at beginning of year2011-11-15$7,371,283
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-11-15$15,224
Total interest from all sources2011-11-15$9,720
Total dividends received (eg from common stock, registered investment company shares)2011-11-15$83,309
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-11-15Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-11-15$0
Total dividends received from registered investment company shares (eg mutual funds)2011-11-15$83,309
Was this plan covered by a fidelity bond2011-11-15Yes
Value of fidelity bond cover2011-11-15$500,000
If this is an individual account plan, was there a blackout period2011-11-15No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-11-15$0
Were there any nonexempt tranactions with any party-in-interest2011-11-15No
Contributions received from participants2011-11-15$715,733
Participant contributions at end of year2011-11-15$0
Participant contributions at beginning of year2011-11-15$191,076
Income. Received or receivable in cash from other sources (including rollovers)2011-11-15$126,766
Administrative expenses (other) incurred2011-11-15$15,224
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-11-15No
Value of net income/loss2011-11-15$409,450
Value of net assets at end of year (total assets less liabilities)2011-11-15$0
Value of net assets at beginning of year (total assets less liabilities)2011-11-15$7,371,283
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-11-15No
Were any loans by the plan or fixed income obligations due to the plan in default2011-11-15No
Were any leases to which the plan was party in default or uncollectible2011-11-15No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-11-15$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-11-15$5,913,683
Interest on participant loans2011-11-15$9,601
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-11-15$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-11-15$1,266,524
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-11-15$1,266,524
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-11-15$119
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-11-15$-156,204
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-11-15No
Was there a failure to transmit to the plan any participant contributions2011-11-15No
Has the plan failed to provide any benefit when due under the plan2011-11-15No
Contributions received in cash from employer2011-11-15$245,690
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-11-15$534,704
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-11-15No
Did the plan have assets held for investment2011-11-15Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-11-15No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-11-15Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-11-15Yes
Opinion of an independent qualified public accountant for this plan2011-11-15Disclaimer
Accountancy firm name2011-11-15ELKO & ASSOCIATES LTD.
Accountancy firm EIN2011-11-15233063393
2010 : OPI 401(K) PLAN 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$2,049,182
Total of all expenses incurred2010-12-31$631,113
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$572,985
Value of total corrective distributions2010-12-31$31,196
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,218,100
Value of total assets at end of year2010-12-31$7,371,283
Value of total assets at beginning of year2010-12-31$5,953,214
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$26,932
Total interest from all sources2010-12-31$10,018
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$83,639
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$83,639
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$5,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$854,181
Participant contributions at end of year2010-12-31$191,076
Participant contributions at beginning of year2010-12-31$155,598
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$110,352
Administrative expenses (other) incurred2010-12-31$26,932
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,418,069
Value of net assets at end of year (total assets less liabilities)2010-12-31$7,371,283
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,953,214
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$5,913,683
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$4,418,549
Interest on participant loans2010-12-31$9,774
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,266,524
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,379,067
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,379,067
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$244
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$737,425
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$253,567
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$572,985
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31NSBN LP
Accountancy firm EIN2010-12-31952399533
2009 : OPI 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 OPI 401(K) PLAN

2011: OPI 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 filingYes
2011-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: OPI 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 funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: OPI 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 funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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