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PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT PLAN 401k Plan overview

Plan NamePRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT PLAN
Plan identification number 001

PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT 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.
  • 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

PRECISION DESIGN SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:PRECISION DESIGN SYSTEMS, INC.
Employer identification number (EIN):161425624
NAIC Classification:335310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01WILLIAM WEST
0012009-01-01WILLIAM WEST

Plan Statistics for PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT PLAN

401k plan membership statisitcs for PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT PLAN

Measure Date Value
2010: PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0117
Total number of active participants reported on line 7a of the Form 55002010-01-010
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-015
Total of all active and inactive participants2010-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-015
Number of participants with account balances2010-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0121
Total number of active participants reported on line 7a of the Form 55002009-01-0112
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 participants2009-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0117
Number of participants with account balances2009-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT PLAN

Measure Date Value
2011 : PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT PLAN 2011 401k financial data
Total income from all sources2011-03-31$-2
Expenses. Total of all expenses incurred2011-03-31$36,969
Benefits paid (including direct rollovers)2011-03-31$36,686
Total plan assets at end of year2011-03-31$0
Total plan assets at beginning of year2011-03-31$36,971
Value of fidelity bond covering the plan2011-03-31$30,000
Expenses. Other expenses not covered elsewhere2011-03-31$283
Other income received2011-03-31$-2
Net income (gross income less expenses)2011-03-31$-36,971
Net plan assets at end of year (total assets less liabilities)2011-03-31$0
Net plan assets at beginning of year (total assets less liabilities)2011-03-31$36,971
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-03-31$0
2010 : PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT PLAN 2010 401k financial data
Total income from all sources2010-12-31$42,835
Expenses. Total of all expenses incurred2010-12-31$336,436
Benefits paid (including direct rollovers)2010-12-31$331,236
Total plan assets at end of year2010-12-31$36,971
Total plan assets at beginning of year2010-12-31$330,572
Value of fidelity bond covering the plan2010-12-31$10,000
Total contributions received or receivable from participants2010-12-31$270
Expenses. Other expenses not covered elsewhere2010-12-31$5,200
Other income received2010-12-31$42,565
Net income (gross income less expenses)2010-12-31$-293,601
Net plan assets at end of year (total assets less liabilities)2010-12-31$36,971
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$330,572
Assets. Value of participant loans2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT 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 PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT PLAN

2010: PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT 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: PRECISION DESIGN SYSTEMS, INC. 401K RETIREMENT 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

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