401k Plan data: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN plan

WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan Name	WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN
Plan identification number	001

WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.

401k Sponsoring company profile

WESTERN RESERVE SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name: WESTERN RESERVE SYSTEMS, INC.

Employer identification number (EIN): 341830295

NAIC Classification: 541511
NAIC Description: Custom Computer Programming Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 JAMES SMITH JAMES SMITH 2018-07-18
001 2009-01-01 JAMES SMITH
001 2009-01-01 JAMES SMITH

Plan Statistics for WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2022: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 5
Total of all active and inactive participants 2022-01-01 5
Total participants 2022-01-01 5
Number of participants with account balances 2022-01-01 5
2021: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 5
Total of all active and inactive participants 2021-01-01 5
Total participants 2021-01-01 5
Number of participants with account balances 2021-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 5
Total of all active and inactive participants 2020-01-01 5
Total participants 2020-01-01 5
Number of participants with account balances 2020-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 5
Total of all active and inactive participants 2019-01-01 5
Total participants 2019-01-01 5
Number of participants with account balances 2019-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 4
Total of all active and inactive participants 2018-01-01 4
Total participants 2018-01-01 4
Number of participants with account balances 2018-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 7
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 5
Total of all active and inactive participants 2017-01-01 5
Total participants 2017-01-01 5
Number of participants with account balances 2017-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2009: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 6
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 6
Total of all active and inactive participants 2009-01-01 6
Total participants 2009-01-01 6
Number of participants with account balances 2009-01-01 6

Measure	Date	Value
2022: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	5
Total of all active and inactive participants	2022-01-01	5
Total participants	2022-01-01	5
Number of participants with account balances	2022-01-01	5
2021: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	5
Total of all active and inactive participants	2021-01-01	5
Total participants	2021-01-01	5
Number of participants with account balances	2021-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	5
Total of all active and inactive participants	2020-01-01	5
Total participants	2020-01-01	5
Number of participants with account balances	2020-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	5
Total of all active and inactive participants	2019-01-01	5
Total participants	2019-01-01	5
Number of participants with account balances	2019-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	4
Total of all active and inactive participants	2018-01-01	4
Total participants	2018-01-01	4
Number of participants with account balances	2018-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	7
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	5
Total of all active and inactive participants	2017-01-01	5
Total participants	2017-01-01	5
Number of participants with account balances	2017-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2009: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	6
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	6
Total of all active and inactive participants	2009-01-01	6
Total participants	2009-01-01	6
Number of participants with account balances	2009-01-01	6

Financial Data on WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN

Measure	Date	Value
2022 : WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources	2022-12-31	$-14,872
Expenses. Total of all expenses incurred	2022-12-31	$830
Total plan assets at end of year	2022-12-31	$132,155
Total plan assets at beginning of year	2022-12-31	$147,857
Value of fidelity bond covering the plan	2022-12-31	$100,000
Total contributions received or receivable from participants	2022-12-31	$15,000
Expenses. Other expenses not covered elsewhere	2022-12-31	$830
Other income received	2022-12-31	$-29,872
Net income (gross income less expenses)	2022-12-31	$-15,702
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$132,155
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$147,857
2021 : WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2021 401k financial data
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$29,301
Expenses. Total of all expenses incurred	2021-12-31	$845
Total plan assets at end of year	2021-12-31	$147,857
Total plan assets at beginning of year	2021-12-31	$119,401
Value of fidelity bond covering the plan	2021-12-31	$100,000
Total contributions received or receivable from participants	2021-12-31	$20,250
Expenses. Other expenses not covered elsewhere	2021-12-31	$845
Other income received	2021-12-31	$9,051
Net income (gross income less expenses)	2021-12-31	$28,456
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$147,857
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$119,401
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$37,906
Expenses. Total of all expenses incurred	2020-12-31	$845
Total plan assets at end of year	2020-12-31	$119,401
Total plan assets at beginning of year	2020-12-31	$82,340
Value of fidelity bond covering the plan	2020-12-31	$100,000
Total contributions received or receivable from participants	2020-12-31	$19,500
Expenses. Other expenses not covered elsewhere	2020-12-31	$845
Other income received	2020-12-31	$18,406
Net income (gross income less expenses)	2020-12-31	$37,061
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$119,401
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$82,340
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$20,763
Expenses. Total of all expenses incurred	2019-12-31	$657
Total plan assets at end of year	2019-12-31	$82,340
Total plan assets at beginning of year	2019-12-31	$62,234
Value of fidelity bond covering the plan	2019-12-31	$100,000
Total contributions received or receivable from participants	2019-12-31	$7,800
Other income received	2019-12-31	$12,963
Net income (gross income less expenses)	2019-12-31	$20,106
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$82,340
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$62,234
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$657
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$4,424
Expenses. Total of all expenses incurred	2018-12-31	$263
Total plan assets at end of year	2018-12-31	$62,234
Total plan assets at beginning of year	2018-12-31	$58,073
Value of fidelity bond covering the plan	2018-12-31	$100,000
Total contributions received or receivable from participants	2018-12-31	$7,800
Expenses. Other expenses not covered elsewhere	2018-12-31	$263
Other income received	2018-12-31	$-3,376
Net income (gross income less expenses)	2018-12-31	$4,161
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$62,234
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$58,073
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$22,635
Expenses. Total of all expenses incurred	2017-12-31	$262,472
Benefits paid (including direct rollovers)	2017-12-31	$262,382
Total plan assets at end of year	2017-12-31	$58,073
Total plan assets at beginning of year	2017-12-31	$297,910
Value of fidelity bond covering the plan	2017-12-31	$100,000
Total contributions received or receivable from participants	2017-12-31	$3,000
Expenses. Other expenses not covered elsewhere	2017-12-31	$90
Other income received	2017-12-31	$19,635
Net income (gross income less expenses)	2017-12-31	$-239,837
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$58,073
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$297,910
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0

Form 5500 Responses for WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN

2022: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2009: WESTERN RESERVE SYSTEMS, INC. 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	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:	WESTERN RESERVE SYSTEMS, INC.
Employer identification number (EIN):	341830295
NAIC Classification:	541511
NAIC Description:	Custom Computer Programming Services