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ADVANCED BUSINESS MACHINES, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameADVANCED BUSINESS MACHINES, INC. PROFIT SHARING PLAN
Plan identification number 001

ADVANCED BUSINESS MACHINES, INC. PROFIT SHARING 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

ADVANCED BUSINESS MACHINES INC has sponsored the creation of one or more 401k plans.

Company Name:ADVANCED BUSINESS MACHINES INC
Employer identification number (EIN):161226757
NAIC Classification:423400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ADVANCED BUSINESS MACHINES, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01DAVID M HILLERY2017-05-12 DAVID M HILLERY2017-05-12
0012015-01-01DAVID HILLERY2016-05-24 DAVID HILLERY2016-05-24
0012014-01-01DAVID HILLERY2015-05-08 DAVID HILLERY2015-05-08
0012013-01-01DAVID HILLERY2014-06-06 DAVID HILLERY2014-06-06
0012012-01-01DAVID HILLERY2013-06-24 DAVID HILLERY2013-06-24
0012011-01-01DAVID HILLERY2012-06-20 DAVID HILLERY2012-06-20
0012010-01-01DAVID HILLERY DAVID HILLERY2011-07-05

Plan Statistics for ADVANCED BUSINESS MACHINES, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for ADVANCED BUSINESS MACHINES, INC. PROFIT SHARING PLAN

Measure Date Value
2010: ADVANCED BUSINESS MACHINES, INC. PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0195
Total number of active participants reported on line 7a of the Form 55002010-01-0169
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0118
Total of all active and inactive participants2010-01-0187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0187
Number of participants with account balances2010-01-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0112

Financial Data on ADVANCED BUSINESS MACHINES, INC. PROFIT SHARING PLAN

Measure Date Value
2010 : ADVANCED BUSINESS MACHINES, INC. PROFIT SHARING PLAN 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$707,774
Expenses. Total of all expenses incurred2010-12-31$40,856
Benefits paid (including direct rollovers)2010-12-31$37,839
Total plan assets at end of year2010-12-31$4,065,862
Total plan assets at beginning of year2010-12-31$3,398,944
Value of fidelity bond covering the plan2010-12-31$350,000
Total contributions received or receivable from participants2010-12-31$0
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$274,534
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$666,918
Net plan assets at end of year (total assets less liabilities)2010-12-31$4,065,862
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$3,398,944
Total contributions received or receivable from employer(s)2010-12-31$433,240
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$3,017
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for ADVANCED BUSINESS MACHINES, INC. PROFIT SHARING PLAN

2010: ADVANCED BUSINESS MACHINES, INC. PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes

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