401k Plan data: POWER SOURCE SERVICES, INC. RETIREMENT PLAN plan

POWER SOURCE SERVICES, INC. RETIREMENT PLAN 401k Plan overview

Plan Name	POWER SOURCE SERVICES, INC. RETIREMENT PLAN
Plan identification number	001

POWER SOURCE SERVICES, INC. RETIREMENT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
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

POWER SOURCE SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name: POWER SOURCE SERVICES, INC.

Employer identification number (EIN): 870682052

NAIC Classification: 213110
NAIC Description: Support Activities for Mining

Additional information about POWER SOURCE SERVICES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1996-10-21

Company Identification Number: P96000087232

Legal Registered Office Address: 5765 CRAINDALE DRIVE

ORLANDO

32819

More information about POWER SOURCE SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POWER SOURCE SERVICES, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2015-01-01
001 2014-01-01 NEAL TEEPLES 2015-07-24
001 2013-01-01 NEAL TEEPLES 2014-05-06
001 2012-01-01 NEAL TEEPLES 2013-03-18
001 2011-01-01 NEAL TEEPLES 2013-03-08
001 2010-01-01 NEAL TEEPLES 2013-03-08
001 2009-01-01 NEAL J TEEPLES

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2015-01-01
001	2014-01-01	NEAL TEEPLES	2015-07-24
001	2013-01-01	NEAL TEEPLES	2014-05-06
001	2012-01-01	NEAL TEEPLES	2013-03-18
001	2011-01-01	NEAL TEEPLES	2013-03-08
001	2010-01-01	NEAL TEEPLES	2013-03-08
001	2009-01-01	NEAL J TEEPLES

Plan Statistics for POWER SOURCE SERVICES, INC. RETIREMENT PLAN

401k plan membership statisitcs for POWER SOURCE SERVICES, INC. RETIREMENT PLAN

Measure Date Value
2017: POWER SOURCE SERVICES, INC. RETIREMENT PLAN 2017 401k membership
Market value of plan assets 2017-12-31 6,670,330
Acturial value of plan assets 2017-12-31 6,670,330
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 1
Fundng target for terminated vested participants 2017-12-31 11,886
Active participant vested funding target 2017-12-31 6,898,040
Number of active participants 2017-12-31 5
Total funding liabilities for active participants 2017-12-31 6,898,040
Total participant count 2017-12-31 6
Total funding target for all participants 2017-12-31 6,909,926
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 406,671
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 217,428
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 189,243
Present value of excess contributions 2017-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 93,793
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 94,807
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 0
Net shortfall amortization installment of oustanding balance 2017-12-31 334,403
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 43,451
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 43,451
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: POWER SOURCE SERVICES, INC. RETIREMENT PLAN 2016 401k membership
Market value of plan assets 2016-12-31 6,082,340
Acturial value of plan assets 2016-12-31 6,082,340
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 1
Fundng target for terminated vested participants 2016-12-31 11,004
Active participant vested funding target 2016-12-31 6,378,365
Number of active participants 2016-12-31 5
Total funding liabilities for active participants 2016-12-31 6,378,365
Total participant count 2016-12-31 6
Total funding target for all participants 2016-12-31 6,389,369
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 403,604
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 403,604
Present value of excess contributions 2016-12-31 77,936
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 77,936
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 406,671
Total employer contributions 2016-12-31 600,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 544,521
Liquidity shortfalls end of Q1 2016-12-31 0
Liquidity shortfalls end of Q2 2016-12-31 0
Liquidity shortfalls end of Q3 2016-12-31 0
Liquidity shortfalls end of Q4 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 631,433
Net shortfall amortization installment of oustanding balance 2016-12-31 713,700
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 759,639
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 215,118
Additional cash requirement 2016-12-31 544,521
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 544,521
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0
2009: POWER SOURCE SERVICES, INC. RETIREMENT 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 5
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 1
Total of all active and inactive participants 2009-01-01 6
Total participants 2009-01-01 6

Measure	Date	Value
2017: POWER SOURCE SERVICES, INC. RETIREMENT PLAN 2017 401k membership
Market value of plan assets	2017-12-31	6,670,330
Acturial value of plan assets	2017-12-31	6,670,330
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	1
Fundng target for terminated vested participants	2017-12-31	11,886
Active participant vested funding target	2017-12-31	6,898,040
Number of active participants	2017-12-31	5
Total funding liabilities for active participants	2017-12-31	6,898,040
Total participant count	2017-12-31	6
Total funding target for all participants	2017-12-31	6,909,926
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	406,671
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	217,428
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	189,243
Present value of excess contributions	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	93,793
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	94,807
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	0
Net shortfall amortization installment of oustanding balance	2017-12-31	334,403
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	43,451
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	43,451
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: POWER SOURCE SERVICES, INC. RETIREMENT PLAN 2016 401k membership
Market value of plan assets	2016-12-31	6,082,340
Acturial value of plan assets	2016-12-31	6,082,340
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	1
Fundng target for terminated vested participants	2016-12-31	11,004
Active participant vested funding target	2016-12-31	6,378,365
Number of active participants	2016-12-31	5
Total funding liabilities for active participants	2016-12-31	6,378,365
Total participant count	2016-12-31	6
Total funding target for all participants	2016-12-31	6,389,369
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	403,604
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	403,604
Present value of excess contributions	2016-12-31	77,936
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	77,936
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	406,671
Total employer contributions	2016-12-31	600,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	544,521
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	631,433
Net shortfall amortization installment of oustanding balance	2016-12-31	713,700
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	759,639
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	215,118
Additional cash requirement	2016-12-31	544,521
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	544,521
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0
2009: POWER SOURCE SERVICES, INC. RETIREMENT 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	5
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	1
Total of all active and inactive participants	2009-01-01	6
Total participants	2009-01-01	6

Form 5500 Responses for POWER SOURCE SERVICES, INC. RETIREMENT PLAN

2009: POWER SOURCE SERVICES, INC. RETIREMENT PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
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

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Company Name:	POWER SOURCE SERVICES, INC.
Employer identification number (EIN):	870682052
NAIC Classification:	213110
NAIC Description:	Support Activities for Mining

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1996-10-21
Company Identification Number:	P96000087232
Legal Registered Office Address:	5765 CRAINDALE DRIVE ORLANDO 32819