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EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN 401k Plan overview

Plan NameEMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN
Plan identification number 333

EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN 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.
  • 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 covering Self-Employed individuals.
  • 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

EMPLOYER SOLUTIONS GROUP has sponsored the creation of one or more 401k plans.

Company Name:EMPLOYER SOLUTIONS GROUP
Employer identification number (EIN):870625985
NAIC Classification:561300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
3332011-01-01TENA MAYBERRY
3332010-01-01TENA MAYBERRY
3332009-01-01MARY TWOHILL

Plan Statistics for EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN

401k plan membership statisitcs for EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN

Measure Date Value
2011: EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-012,409
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% vested2011-01-013
2010: EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-012,312
Total number of active participants reported on line 7a of the Form 55002010-01-011,957
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-01223
Total of all active and inactive participants2010-01-012,180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-012,180
Number of participants with account balances2010-01-01468
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-012,011
Total number of active participants reported on line 7a of the Form 55002009-01-011,994
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01317
Total of all active and inactive participants2009-01-012,311
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-012,311
Number of participants with account balances2009-01-01541
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN

Measure Date Value
2011 : EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$450,976
Total transfer of assets from this plan2011-12-31$8,573,935
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$3,381
Total income from all sources (including contributions)2011-12-31$919,089
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,027,564
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$922,686
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,172,630
Value of total assets at end of year2011-12-31$0
Value of total assets at beginning of year2011-12-31$8,234,815
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$104,878
Total interest from all sources2011-12-31$9,312
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$820,222
Participant contributions at beginning of year2011-12-31$143,964
Participant contributions at beginning of year2011-12-31$25
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$20,215
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$3,381
Total non interest bearing cash at beginning of year2011-12-31$27,677
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-108,475
Value of net assets at end of year (total assets less liabilities)2011-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$8,231,434
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in pooled separate accounts at beginning of year2011-12-31$7,989,636
Interest on participant loans2011-12-31$9,218
Interest earned on other investments2011-12-31$94
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$67,205
Net investment gain/loss from pooled separate accounts2011-12-31$-262,853
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$332,193
Employer contributions (assets) at beginning of year2011-12-31$6,308
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$922,686
Contract administrator fees2011-12-31$104,878
Did the plan have assets held for investment2011-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31SOMERSET CPAS PC
Accountancy firm EIN2011-12-31350292138
2010 : EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$532,440
Total transfer of assets from this plan2010-12-31$1,442,132
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$3,381
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$5,359
Total income from all sources (including contributions)2010-12-31$2,316,766
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,392,193
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,293,827
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,302,716
Value of total assets at end of year2010-12-31$8,234,815
Value of total assets at beginning of year2010-12-31$8,221,912
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$98,366
Total interest from all sources2010-12-31$9,543
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$760,417
Participant contributions at end of year2010-12-31$143,964
Participant contributions at beginning of year2010-12-31$205,390
Participant contributions at end of year2010-12-31$25
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$234,505
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$3,381
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$5,359
Total non interest bearing cash at end of year2010-12-31$27,677
Total non interest bearing cash at beginning of year2010-12-31$30,106
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$924,573
Value of net assets at end of year (total assets less liabilities)2010-12-31$8,231,434
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$8,216,553
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$31,814
Value of interest in pooled separate accounts at end of year2010-12-31$7,989,636
Value of interest in pooled separate accounts at beginning of year2010-12-31$7,890,663
Income. Interest from loans (other than to participants)2010-12-31$8,335
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$1,208
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$67,205
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$53,544
Net investment gain/loss from pooled separate accounts2010-12-31$1,004,507
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$307,794
Employer contributions (assets) at end of year2010-12-31$6,308
Employer contributions (assets) at beginning of year2010-12-31$42,209
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,293,827
Contract administrator fees2010-12-31$66,552
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31SOMERSET CPAS, P.C.
Accountancy firm EIN2010-12-31350292138

Form 5500 Responses for EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN

2011: EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN 2011 form 5500 responses
2011-01-01Type of plan entityMulitple 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 – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN 2010 form 5500 responses
2010-01-01Type of plan entityMulitple employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: EMPLOYER SOLUTIONS GROUP OF SLC 401K PLAN 2009 form 5500 responses
2009-01-01Type of plan entityMulitple 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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