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THE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC. 401k Plan overview

Plan NameTHE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC.
Plan identification number 001

THE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Money purchase (other than target benefit)
  • 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.

401k Sponsoring company profile

ASIAN AMERICAN RECOVERY SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:ASIAN AMERICAN RECOVERY SERVICES, INC.
Employer identification number (EIN):943007538
NAIC Classification:621112
NAIC Description:Offices of Physicians, Mental Health Specialists

Additional information about ASIAN AMERICAN RECOVERY SERVICES, INC.

Jurisdiction of Incorporation: California Department of State
Incorporation Date: 1985-05-13
Company Identification Number: C1276403
Legal Registered Office Address: 1115 Mission Road

South San Francisco
United States of America (USA)
94080

More information about ASIAN AMERICAN RECOVERY SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012009-01-01TONY DUONG

Plan Statistics for THE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC.

401k plan membership statisitcs for THE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC.

Measure Date Value
2009: THE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC. 2009 401k membership
Total participants, beginning-of-year2009-01-01177
Total number of active participants reported on line 7a of the Form 55002009-01-010
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0175
Total of all active and inactive participants2009-01-0175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0175
Number of participants with account balances2009-01-0175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on THE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC.

Measure Date Value
2010 : THE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC. 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$9,685
Total of all expenses incurred2010-12-31$258,383
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$258,126
Value of total assets at end of year2010-12-31$0
Value of total assets at beginning of year2010-12-31$248,698
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$257
Total interest from all sources2010-12-31$9,685
Administrative expenses professional fees incurred2010-12-31$257
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-248,698
Value of net assets at end of year (total assets less liabilities)2010-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$248,698
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
Value of interest in pooled separate accounts at end of year2010-12-31$0
Value of interest in pooled separate accounts at beginning of year2010-12-31$217,265
Interest earned on other investments2010-12-31$9,496
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$189
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$31,433
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$258,126
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
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 PBGC2010-12-31Yes
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 name2010-12-31BENSON AND NEFF, CPA'S
Accountancy firm EIN2010-12-31942973071
2009 : THE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC. 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$84,942
Amount contributed by the employer to the plan for this plan year2009-12-31$84,942

Form 5500 Responses for THE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC.

2009: THE EMPLOYEE BENEFITS PLAN OF ASIAN AMERICAN RECOVERY SERVICES, INC. 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01First time form 5500 has been submittedYes
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 benefit arrangement – InsuranceYes

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