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PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES 401k Plan overview

Plan NamePITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES
Plan identification number 007

PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES 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.
  • Stock bonus
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PITNEY BOWES INC. has sponsored the creation of one or more 401k plans.

Company Name:PITNEY BOWES INC.
Employer identification number (EIN):060495050
NAIC Classification:561210
NAIC Description:Facilities Support Services

Additional information about PITNEY BOWES INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 0101728

More information about PITNEY BOWES INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0072014-01-01CONCETTA CAPERELLA CONCETTA CAPERELLA2015-07-29
0072013-01-01AMY GOLDBERG

Plan Statistics for PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES

401k plan membership statisitcs for PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES

Measure Date Value
2014: PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES 2014 401k membership
Total participants, beginning-of-year2014-01-014,700
Total number of active participants reported on line 7a of the Form 55002014-01-010
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-010
Number of participants with account balances2014-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES 2013 401k membership
Total participants, beginning-of-year2013-01-0115,350
Total number of active participants reported on line 7a of the Form 55002013-01-013,787
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01888
Total of all active and inactive participants2013-01-014,675
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-0121
Total participants2013-01-014,696
Number of participants with account balances2013-01-014,431
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-01577

Financial Data on PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES

Measure Date Value
2014 : PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets from this plan2014-12-31$52,064,221
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$2,600
Total income from all sources (including contributions)2014-12-31$8,250,153
Total loss/gain on sale of assets2014-12-31$-750
Total of all expenses incurred2014-12-31$4,364,266
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$4,339,507
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$5,662,348
Value of total assets at end of year2014-12-31$0
Value of total assets at beginning of year2014-12-31$48,180,934
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$24,759
Total interest from all sources2014-12-31$140,981
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,682,181
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2014-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$1,681,767
Administrative expenses professional fees incurred2014-12-31$18,199
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$35,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$4,590,430
Participant contributions at end of year2014-12-31$0
Participant contributions at beginning of year2014-12-31$3,868,577
Participant contributions at end of year2014-12-31$0
Participant contributions at beginning of year2014-12-31$163,935
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$20,418
Other income not declared elsewhere2014-12-31$75,500
Administrative expenses (other) incurred2014-12-31$6,560
Liabilities. Value of operating payables at end of year2014-12-31$0
Liabilities. Value of operating payables at beginning of year2014-12-31$2,600
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$3,885,887
Value of net assets at end of year (total assets less liabilities)2014-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$48,178,334
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$37,917,544
Interest on participant loans2014-12-31$140,981
Value of interest in common/collective trusts at end of year2014-12-31$0
Value of interest in common/collective trusts at beginning of year2014-12-31$4,801,010
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$622,626
Net investment gain or loss from common/collective trusts2014-12-31$67,267
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$0
Assets. Invements in employer securities at beginning of year2014-12-31$12,651
Contributions received in cash from employer2014-12-31$1,051,500
Employer contributions (assets) at end of year2014-12-31$0
Employer contributions (assets) at beginning of year2014-12-31$1,417,217
Income. Dividends from common stock2014-12-31$414
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$4,339,507
Did the plan have assets held for investment2014-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31Yes
Aggregate proceeds on sale of assets2014-12-31$19,720
Aggregate carrying amount (costs) on sale of assets2014-12-31$20,470
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31BECHER, DELLA TORRE, GITTO & CO.
Accountancy firm EIN2014-12-31222625944
2013 : PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$6,685
Total unrealized appreciation/depreciation of assets2013-12-31$6,685
Total transfer of assets from this plan2013-12-31$93,592,426
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$2,600
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$17,641
Total income from all sources (including contributions)2013-12-31$41,886,285
Total loss/gain on sale of assets2013-12-31$1,054,157
Total of all expenses incurred2013-12-31$22,051,625
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$22,001,851
Expenses. Certain deemed distributions of participant loans2013-12-31$12,681
Value of total corrective distributions2013-12-31$1,164
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$19,991,553
Value of total assets at end of year2013-12-31$48,180,934
Value of total assets at beginning of year2013-12-31$121,953,741
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$35,929
Total interest from all sources2013-12-31$257,200
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$3,195,871
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$3,115,261
Administrative expenses professional fees incurred2013-12-31$35,929
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$35,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$11,532,726
Participant contributions at end of year2013-12-31$3,868,577
Participant contributions at beginning of year2013-12-31$7,932,730
Participant contributions at end of year2013-12-31$163,935
Participant contributions at beginning of year2013-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$1,312,718
Other income not declared elsewhere2013-12-31$76,500
Liabilities. Value of operating payables at end of year2013-12-31$2,600
Liabilities. Value of operating payables at beginning of year2013-12-31$16,058
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$19,834,660
Value of net assets at end of year (total assets less liabilities)2013-12-31$48,178,334
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$121,936,100
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$37,917,544
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$90,013,243
Interest on participant loans2013-12-31$257,200
Value of interest in common/collective trusts at end of year2013-12-31$4,801,010
Value of interest in common/collective trusts at beginning of year2013-12-31$19,544,186
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$16,666,312
Net investment gain or loss from common/collective trusts2013-12-31$638,007
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$12,651
Assets. Invements in employer securities at beginning of year2013-12-31$985,911
Contributions received in cash from employer2013-12-31$7,146,109
Employer contributions (assets) at end of year2013-12-31$1,417,217
Employer contributions (assets) at beginning of year2013-12-31$3,477,671
Income. Dividends from common stock2013-12-31$80,610
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$22,001,851
Liabilities. Value of benefit claims payable at end of year2013-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$1,583
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$2,118,129
Aggregate carrying amount (costs) on sale of assets2013-12-31$1,063,972
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31BECHER, DELLA TORRE, GITTO & CO.
Accountancy firm EIN2013-12-31222625944

Form 5500 Responses for PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES

2014: PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingYes
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PITNEY BOWES PRESORT SERVICES, INC. 401(K) PLAN FOR NON-EXEMPT EMPLOYEES 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes

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