401k Plan data: POWER LINE SERVICES, INC. 401(K) PLAN plan

POWER LINE SERVICES, INC. 401(K) PLAN 401k Plan overview

Plan Name	POWER LINE SERVICES, INC. 401(K) PLAN
Plan identification number	001

POWER LINE SERVICES, INC. 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.
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

POWER LINE SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name: POWER LINE SERVICES, INC.

Employer identification number (EIN): 270852003

NAIC Classification: 221100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POWER LINE SERVICES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2012-01-01 FRED WASSON FRED WASSON 2013-10-15
001 2011-01-01 FRED WASSON FRED WASSON 2013-03-12

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2012-01-01	FRED WASSON		FRED WASSON	2013-10-15
001	2011-01-01	FRED WASSON		FRED WASSON	2013-03-12

Plan Statistics for POWER LINE SERVICES, INC. 401(K) PLAN

401k plan membership statisitcs for POWER LINE SERVICES, INC. 401(K) PLAN

Measure Date Value
2012: POWER LINE SERVICES, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 1,003
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 1,189
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 135
Total of all active and inactive participants 2012-01-01 1,324
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 1,324
Number of participants with account balances 2012-01-01 649
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 23
2011: POWER LINE SERVICES, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 1,028
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 910
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 93
Total of all active and inactive participants 2011-01-01 1,003
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 1,003
Number of participants with account balances 2011-01-01 410
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 25

Measure	Date	Value
2012: POWER LINE SERVICES, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	1,003
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	1,189
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	135
Total of all active and inactive participants	2012-01-01	1,324
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	1,324
Number of participants with account balances	2012-01-01	649
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	23
2011: POWER LINE SERVICES, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	1,028
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	910
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	93
Total of all active and inactive participants	2011-01-01	1,003
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	1,003
Number of participants with account balances	2011-01-01	410
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	25

Financial Data on POWER LINE SERVICES, INC. 401(K) PLAN

Measure	Date	Value
2012 : POWER LINE SERVICES, INC. 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$140,147
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$4,155,922
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$1,544,627
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$1,348,105
Value of total corrective distributions	2012-12-31	$156,811
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$2,837,127
Value of total assets at end of year	2012-12-31	$12,505,445
Value of total assets at beginning of year	2012-12-31	$9,754,003
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$39,711
Total interest from all sources	2012-12-31	$28,006
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$247,291
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$247,291
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$500,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$1,891,944
Participant contributions at end of year	2012-12-31	$699,387
Participant contributions at beginning of year	2012-12-31	$703,193
Participant contributions at end of year	2012-12-31	$142,312
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$316,015
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2012-12-31	$140,147
Total non interest bearing cash at end of year	2012-12-31	$9,830
Total non interest bearing cash at beginning of year	2012-12-31	$116,425
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$2,611,295
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$12,365,298
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$9,754,003
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$10,500,352
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$8,026,330
Interest on participant loans	2012-12-31	$28,006
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$1,039,941
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$908,055
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$908,055
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$1,043,498
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$629,168
Employer contributions (assets) at end of year	2012-12-31	$113,623
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$1,348,105
Contract administrator fees	2012-12-31	$39,711
Did the plan have assets held for investment	2012-12-31	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	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN	2012-12-31	721396621
2011 : POWER LINE SERVICES, INC. 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$1,881,924
Total loss/gain on sale of assets	2011-12-31	$5,886
Total of all expenses incurred	2011-12-31	$1,798,826
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$1,706,408
Expenses. Certain deemed distributions of participant loans	2011-12-31	$314
Value of total corrective distributions	2011-12-31	$29,545
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$2,077,691
Value of total assets at end of year	2011-12-31	$9,754,003
Value of total assets at beginning of year	2011-12-31	$9,670,905
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$62,559
Total interest from all sources	2011-12-31	$29,684
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$160,879
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$160,879
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$500,000
If this is an individual account plan, was there a blackout period	2011-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$1,471,478
Participant contributions at end of year	2011-12-31	$703,193
Participant contributions at beginning of year	2011-12-31	$603,169
Participant contributions at beginning of year	2011-12-31	$37,782
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$51,190
Total non interest bearing cash at end of year	2011-12-31	$116,425
Total non interest bearing cash at beginning of year	2011-12-31	$9,011,048
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$83,098
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$9,754,003
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$9,670,905
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$8,026,330
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$0
Interest on participant loans	2011-12-31	$29,600
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$908,055
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$84
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-392,216
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$555,023
Employer contributions (assets) at beginning of year	2011-12-31	$18,906
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$1,706,408
Contract administrator fees	2011-12-31	$62,559
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	2011-12-31	Yes
Did the plan have assets held for investment	2011-12-31	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	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Aggregate proceeds on sale of assets	2011-12-31	$2,624,427
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$2,618,541
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	GAINER DONNELLY & DESROCHES LLP
Accountancy firm EIN	2011-12-31	760355510

Form 5500 Responses for POWER LINE SERVICES, INC. 401(K) PLAN

2012: POWER LINE SERVICES, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: POWER LINE SERVICES, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	Yes
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	POWER LINE SERVICES, INC.
Employer identification number (EIN):	270852003
NAIC Classification:	221100