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GRAYSTONE SOLUTIONS INCORPORAT 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan NameGRAYSTONE SOLUTIONS INCORPORAT 401 K PROFIT SHARING PLAN TRUST
Plan identification number 001

GRAYSTONE SOLUTIONS INCORPORAT 401 K PROFIT SHARING PLAN TRUST 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.
  • 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.

401k Sponsoring company profile

GRAYSTONE SOLUTIONS INC. has sponsored the creation of one or more 401k plans.

Company Name:GRAYSTONE SOLUTIONS INC.
Employer identification number (EIN):020441936
NAIC Classification:518210
NAIC Description:Data Processing, Hosting, and Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GRAYSTONE SOLUTIONS INCORPORAT 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01EMILE COULON2018-06-26
0012016-01-01EMILE COULON2017-08-14
0012015-01-01EMILE COULON2017-04-04
0012014-01-01EMILE COULON2017-04-04
0012013-01-01EMILE COULON2014-07-09
0012012-01-01GRAYSTONE SOLUTIONS INC.2013-07-24
0012011-01-01GRAYSTONE SOLUTIONS INC.2012-07-25

Financial Data on GRAYSTONE SOLUTIONS INCORPORAT 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2010 : GRAYSTONE SOLUTIONS INCORPORAT 401 K PROFIT SHARING PLAN TRUST 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$99,004
Expenses. Total of all expenses incurred2010-12-31$248,221
Benefits paid (including direct rollovers)2010-12-31$248,021
Total plan assets at end of year2010-12-31$427,968
Total plan assets at beginning of year2010-12-31$577,185
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$27,532
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$-28,309
Net income (gross income less expenses)2010-12-31$-149,217
Net plan assets at end of year (total assets less liabilities)2010-12-31$427,968
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$577,185
Assets. Value of participant loans2010-12-31$15,557
Total contributions received or receivable from employer(s)2010-12-31$99,781
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$200
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
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

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