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SEVEN SEAS CONSULTANTS, INC. 401(K) 401k Plan overview

Plan NameSEVEN SEAS CONSULTANTS, INC. 401(K)
Plan identification number 001

SEVEN SEAS CONSULTANTS, INC. 401(K) Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SEVEN SEAS CONSULTANTS INC. has sponsored the creation of one or more 401k plans.

Company Name:SEVEN SEAS CONSULTANTS INC.
Employer identification number (EIN):760191532
NAIC Classification:488510
NAIC Description:Freight Transportation Arrangement

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SEVEN SEAS CONSULTANTS, INC. 401(K)

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHARLES BUSCEMI2024-07-25
0012022-01-01CHARLES BUSCEMI2024-05-13
0012021-01-01CHARLES BUSCEMI2024-05-13
0012020-01-01CHARLES BUSCEMI2024-05-13
0012019-01-01CHARLES BUSCEMI2024-05-13
0012018-01-01CHARLES BUSCEMI2024-05-13
0012017-01-01CHARLES BUSCEMI2024-05-13
0012016-01-01CHARLES BUSCEMI2024-05-13
0012015-01-01CHARLES BUSCEMI2024-05-13
0012014-01-01CHARLES BUSCEMI2024-05-13
0012013-01-01CHARLES BUSCEMI2024-05-13
0012012-01-01CHARLES BUSCEMI2024-05-13
0012011-01-01CHARLES BUSCEMI2024-05-13
0012010-01-01CHARLES BUSCEMI2024-05-13
0012009-01-01CHARLES BUSCEMI2024-05-13
0012008-01-01
0012007-01-01
0012006-12-27

Plan Statistics for SEVEN SEAS CONSULTANTS, INC. 401(K)

401k plan membership statisitcs for SEVEN SEAS CONSULTANTS, INC. 401(K)

Measure Date Value
2008: SEVEN SEAS CONSULTANTS, INC. 401(K) 2008 401k membership
Total participants, beginning-of-year2008-01-014
Total number of active participants reported on line 7a of the Form 55002008-01-014
Number of retired or separated participants receiving benefits2008-01-010
Number of other retired or separated participants entitled to future benefits2008-01-010
Total of all active and inactive participants2008-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-01-010
Total participants2008-01-014
Number of participants with account balances2008-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-010
2007: SEVEN SEAS CONSULTANTS, INC. 401(K) 2007 401k membership
Total participants, beginning-of-year2007-01-014
Total number of active participants reported on line 7a of the Form 55002007-01-014
Number of retired or separated participants receiving benefits2007-01-010
Number of other retired or separated participants entitled to future benefits2007-01-010
Total of all active and inactive participants2007-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-01-010
Total participants2007-01-014
Number of participants with account balances2007-01-014
2006: SEVEN SEAS CONSULTANTS, INC. 401(K) 2006 401k membership
Total participants, beginning-of-year2006-12-274
Total number of active participants reported on line 7a of the Form 55002006-12-274
Number of retired or separated participants receiving benefits2006-12-270
Number of other retired or separated participants entitled to future benefits2006-12-270
Total of all active and inactive participants2006-12-274
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2006-12-270
Total participants2006-12-274
Number of participants with account balances2006-12-274
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2006-12-270

Financial Data on SEVEN SEAS CONSULTANTS, INC. 401(K)

Measure Date Value
2008 : SEVEN SEAS CONSULTANTS, INC. 401(K) 2008 401k financial data
Total income from all sources2008-12-31$52,908
Expenses. Total of all expenses incurred2008-12-31$0
Total plan assets at end of year2008-12-31$184,534
Total plan assets at beginning of year2008-12-31$131,626
Contributions received from other sources (not participants or employers)2008-12-31$61,203
Other income received2008-12-31$-44,295
Net income (gross income less expenses)2008-12-31$52,908
Net plan assets at end of year (total assets less liabilities)2008-12-31$184,534
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$131,626
Total contributions received or receivable from employer(s)2008-12-31$36,000
2007 : SEVEN SEAS CONSULTANTS, INC. 401(K) 2007 401k financial data
Total income from all sources2007-12-31$130,343
Expenses. Total of all expenses incurred2007-12-31$0
Total plan assets at end of year2007-12-31$131,626
Total plan assets at beginning of year2007-12-31$1,283
Contributions received from other sources (not participants or employers)2007-12-31$97,608
Other income received2007-12-31$-854
Net income (gross income less expenses)2007-12-31$130,343
Net plan assets at end of year (total assets less liabilities)2007-12-31$131,626
Net plan assets at beginning of year (total assets less liabilities)2007-12-31$1,283
Total contributions received or receivable from employer(s)2007-12-31$33,589
2006 : SEVEN SEAS CONSULTANTS, INC. 401(K) 2006 401k financial data
Total income from all sources2006-12-31$1,283
Expenses. Total of all expenses incurred2006-12-31$0
Total plan assets at end of year2006-12-31$1,283
Other income received2006-12-31$-1,128
Net income (gross income less expenses)2006-12-31$1,283
Net plan assets at end of year (total assets less liabilities)2006-12-31$1,283
Net plan assets at beginning of year (total assets less liabilities)2006-12-31$0
Total contributions received or receivable from employer(s)2006-12-31$2,411

Form 5500 Responses for SEVEN SEAS CONSULTANTS, INC. 401(K)

2008: SEVEN SEAS CONSULTANTS, INC. 401(K) 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedNo
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – TrustYes
2008-01-01Plan benefit arrangement - TrustYes
2007: SEVEN SEAS CONSULTANTS, INC. 401(K) 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedNo
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement - TrustYes
2006: SEVEN SEAS CONSULTANTS, INC. 401(K) 2006 form 5500 responses
2006-12-27Type of plan entitySingle employer plan
2006-12-27First time form 5500 has been submittedYes
2006-12-27Submission has been amendedNo
2006-12-27This submission is the final filingNo
2006-12-27This return/report is a short plan year return/report (less than 12 months)Yes
2006-12-27Plan is a collectively bargained planNo
2006-12-27Plan funding arrangement – TrustYes
2006-12-27Plan benefit arrangement - TrustYes

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