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ONE SOURCE PREFERRED 401(K) PLAN 401k Plan overview

Plan NameONE SOURCE PREFERRED 401(K) PLAN
Plan identification number 001

ONE SOURCE PREFERRED 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

ONE SOURCE PREFERRED, INC. has sponsored the creation of one or more 401k plans.

Company Name:ONE SOURCE PREFERRED, INC.
Employer identification number (EIN):043363462
NAIC Classification:561300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ONE SOURCE PREFERRED 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RICHARD B. HOLDEN, III2024-08-27
0012022-01-01RICHARD B. HOLDEN, III2023-04-20
0012021-01-01MARK BURNS2022-06-16
0012020-01-01
0012019-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01MARK R. BURNS
0012014-01-01MARK R. BURNS2015-07-28
0012013-01-01MARK R. BURNS2014-07-16
0012012-01-01MARK R. BURNS2013-07-15 MARK R. BURNS2013-07-15
0012011-01-01MARK R BURNS2012-06-18
0012010-01-01MARK R. BURNS2011-05-11 MARK R. BURNS2011-05-11

Plan Statistics for ONE SOURCE PREFERRED 401(K) PLAN

401k plan membership statisitcs for ONE SOURCE PREFERRED 401(K) PLAN

Measure Date Value
2015: ONE SOURCE PREFERRED 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01169
Total number of active participants reported on line 7a of the Form 55002015-01-0167
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-018
Total of all active and inactive participants2015-01-0175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0175
Number of participants with account balances2015-01-0132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on ONE SOURCE PREFERRED 401(K) PLAN

Measure Date Value
2015 : ONE SOURCE PREFERRED 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$215,211
Total of all expenses incurred2015-12-31$114,847
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$96,459
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$236,542
Value of total assets at end of year2015-12-31$2,018,418
Value of total assets at beginning of year2015-12-31$1,918,054
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$18,388
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$150,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$187,026
Other income not declared elsewhere2015-12-31$6,771
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$100,364
Value of net assets at end of year (total assets less liabilities)2015-12-31$2,018,418
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$1,918,054
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in pooled separate accounts at end of year2015-12-31$1,432,827
Value of interest in pooled separate accounts at beginning of year2015-12-31$1,429,234
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$585,591
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$488,820
Net investment gain/loss from pooled separate accounts2015-12-31$-28,102
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$49,516
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$96,459
Contract administrator fees2015-12-31$18,388
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31No
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31MCLEOD ASCANIO & COMPANY
Accountancy firm EIN2015-12-31010504993

Form 5500 Responses for ONE SOURCE PREFERRED 401(K) PLAN

2015: ONE SOURCE PREFERRED 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number970494-000
Policy instance 1
Insurance contract or identification number970494-000
Number of Individuals Covered32
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $8,961
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $7,169
Insurance broker organization code?3
Insurance broker nameMICHAEL A LEBEL

Potentially related plans

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