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SOUTH SHORE CONTROLS INC. 401K PLAN 401k Plan overview

Plan NameSOUTH SHORE CONTROLS INC. 401K PLAN
Plan identification number 001

SOUTH SHORE CONTROLS INC. 401K 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

SOUTH SHORE CONTROLS INCORPORATED has sponsored the creation of one or more 401k plans.

Company Name:SOUTH SHORE CONTROLS INCORPORATED
Employer identification number (EIN):311490425
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH SHORE CONTROLS INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01REBECCA HOWELL2017-06-09 RICHARD J STARK2017-06-16
0012015-01-01REBECCA HOWELL2016-09-01 RICHARD J STARK2016-09-01
0012014-01-01RICHARD J. STARK2015-10-12 RICHARD J. STARK2015-10-12
0012013-01-01RICHARD J. STARK2014-07-28 RICHARD J. STARK2014-07-28
0012012-01-01RICHARD J. STARK2013-07-22 RICHARD J. STARK2013-07-22
0012011-01-01RICHARD J STARK2012-10-12 RICHARD J STARK2012-10-12
0012009-01-01RICHARD STARK RICHARD STARK2010-09-28
0012009-01-01 RICHARD STARK2010-09-28

Plan Statistics for SOUTH SHORE CONTROLS INC. 401K PLAN

401k plan membership statisitcs for SOUTH SHORE CONTROLS INC. 401K PLAN

Measure Date Value
2009: SOUTH SHORE CONTROLS INC. 401K PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0132
Total number of active participants reported on line 7a of the Form 55002009-01-0125
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 participants2009-01-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0130
Number of participants with account balances2009-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SOUTH SHORE CONTROLS INC. 401K PLAN

Measure Date Value
2010 : SOUTH SHORE CONTROLS INC. 401K PLAN 2010 401k financial data
Total income from all sources2010-12-31$151,857
Expenses. Total of all expenses incurred2010-12-31$39,304
Benefits paid (including direct rollovers)2010-12-31$25,063
Total plan assets at end of year2010-12-31$816,578
Total plan assets at beginning of year2010-12-31$704,025
Value of fidelity bond covering the plan2010-12-31$90,000
Total contributions received or receivable from participants2010-12-31$44,488
Other income received2010-12-31$107,369
Net income (gross income less expenses)2010-12-31$112,553
Net plan assets at end of year (total assets less liabilities)2010-12-31$816,578
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$704,025
Assets. Value of participant loans2010-12-31$35,221
Value of corrective distributions2010-12-31$9,225
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$5,016
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : SOUTH SHORE CONTROLS INC. 401K 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 SOUTH SHORE CONTROLS INC. 401K PLAN

2009: SOUTH SHORE CONTROLS INC. 401K PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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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