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TOTAL MANAGEMENT SYSTEMS 401(K) PLAN 401k Plan overview

Plan NameTOTAL MANAGEMENT SYSTEMS 401(K) PLAN
Plan identification number 001

TOTAL MANAGEMENT SYSTEMS 401(K) 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.
  • 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TOTAL MANAGEMENT SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:TOTAL MANAGEMENT SYSTEMS, INC.
Employer identification number (EIN):850416118
NAIC Classification:561210
NAIC Description:Facilities Support Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TOTAL MANAGEMENT SYSTEMS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01KRITHIKA SUNDARAM2021-10-14 KRITHIKA SUNDARAM2021-10-14

Plan Statistics for TOTAL MANAGEMENT SYSTEMS 401(K) PLAN

401k plan membership statisitcs for TOTAL MANAGEMENT SYSTEMS 401(K) PLAN

Measure Date Value
2021: TOTAL MANAGEMENT SYSTEMS 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01126
Total number of active participants reported on line 7a of the Form 55002021-01-0191
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0111
Total of all active and inactive participants2021-01-01102
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01102
Number of participants with account balances2021-01-0134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on TOTAL MANAGEMENT SYSTEMS 401(K) PLAN

Measure Date Value
2021 : TOTAL MANAGEMENT SYSTEMS 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$228,065
Total of all expenses incurred2021-12-31$19,938
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$14,677
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$199,596
Value of total assets at end of year2021-12-31$336,433
Value of total assets at beginning of year2021-12-31$128,306
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$5,261
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$148,892
Participant contributions at end of year2021-12-31$8,332
Participant contributions at beginning of year2021-12-31$16,108
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$208,127
Value of net assets at end of year (total assets less liabilities)2021-12-31$336,433
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$128,306
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$324,029
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$104,906
Value of interest in pooled separate accounts at end of year2021-12-31$0
Value of interest in pooled separate accounts at beginning of year2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$28,469
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$50,704
Employer contributions (assets) at end of year2021-12-31$4,072
Employer contributions (assets) at beginning of year2021-12-31$7,292
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$14,677
Contract administrator fees2021-12-31$5,261
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PELTIER, GUSTAFSON & MILLER, P.A.
Accountancy firm EIN2021-12-31850436347

Form 5500 Responses for TOTAL MANAGEMENT SYSTEMS 401(K) PLAN

2021: TOTAL MANAGEMENT SYSTEMS 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number144213
Policy instance 1
Insurance contract or identification number144213
Number of Individuals Covered35
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $945
Total amount of fees paid to insurance companyUSD $328
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees328
Additional information about fees paid to insurance brokerTPA COMPENSATION AND OTHER ALLOWANCES
Insurance broker organization code?5

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