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AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN 401k Plan overview

Plan NameAMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN
Plan identification number 001

AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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

AMERICAN COMMUNICATIONS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN COMMUNICATIONS CORPORATION
Employer identification number (EIN):582022482
NAIC Classification:454390
NAIC Description:Other Direct Selling Establishments

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01JESSE E. BUFFORD
0012009-01-01JESSE E. BUFFORD

Plan Statistics for AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN

401k plan membership statisitcs for AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN

Measure Date Value
2011: AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-014
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
2009: AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-014
Total number of active participants reported on line 7a of the Form 55002009-01-012
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-012
Total of all active and inactive participants2009-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-014
Number of participants with account balances2009-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN

Measure Date Value
2011 : AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$1,150
Total income from all sources2011-12-31$-43,908
Expenses. Total of all expenses incurred2011-12-31$21,361
Benefits paid (including direct rollovers)2011-12-31$20,421
Total plan assets at end of year2011-12-31$0
Total plan assets at beginning of year2011-12-31$66,419
Value of fidelity bond covering the plan2011-12-31$250,000
Total contributions received or receivable from participants2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-43,908
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-65,269
Net plan assets at end of year (total assets less liabilities)2011-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$65,269
Assets. Value of assets in partnership/joint-venture interests2011-12-31$0
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$940
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$6,090
2010 : AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$1,150
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$16
Expenses. Total of all expenses incurred2010-12-31$1,300
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$66,419
Total plan assets at beginning of year2010-12-31$66,553
Value of fidelity bond covering the plan2010-12-31$250,000
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$16
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$-1,284
Net plan assets at end of year (total assets less liabilities)2010-12-31$65,269
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$66,553
Assets. Value of assets in partnership/joint-venture interests2010-12-31$50,000
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,300

Form 5500 Responses for AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING PLAN

2011: AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING 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)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: AMERICAN COMMUNICATIONS CORPORATION PROFIT SHARING 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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