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PLATINUM 401(K) PLAN 401k Plan overview

Plan NamePLATINUM 401(K) PLAN
Plan identification number 001

PLATINUM 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

PLATINUM SCAFFOLDING, INC. has sponsored the creation of one or more 401k plans.

Company Name:PLATINUM SCAFFOLDING, INC.
Employer identification number (EIN):208671697
NAIC Classification:238900

Additional information about PLATINUM SCAFFOLDING, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2009-12-01
Company Identification Number: 0801200016
Legal Registered Office Address: 600 GALLERIA PKWY SE STE 1100

ATLANTA
United States of America (USA)
30339

More information about PLATINUM SCAFFOLDING, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PLATINUM 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01SUZANNE DENNIS
0012017-01-01SUZANNE DENNIS
0012017-01-01SUZANNE DENNIS
0012016-01-01SUZANNE DENNIS
0012015-02-06HARRIET KELLY
0012015-02-06

Plan Statistics for PLATINUM 401(K) PLAN

401k plan membership statisitcs for PLATINUM 401(K) PLAN

Measure Date Value
2021: PLATINUM 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0140
Total number of active participants reported on line 7a of the Form 55002021-01-010
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-010
Number of participants with account balances2021-01-010
2020: PLATINUM 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0145
Total number of active participants reported on line 7a of the Form 55002020-01-0133
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-017
Total of all active and inactive participants2020-01-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0140
Number of participants with account balances2020-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PLATINUM 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0153
Total number of active participants reported on line 7a of the Form 55002019-01-0141
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-014
Total of all active and inactive participants2019-01-0145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0145
Number of participants with account balances2019-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: PLATINUM 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0143
Total number of active participants reported on line 7a of the Form 55002018-01-0149
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-014
Total of all active and inactive participants2018-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0153
Number of participants with account balances2018-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: PLATINUM 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0156
Total number of active participants reported on line 7a of the Form 55002017-01-0140
Number of other retired or separated participants entitled to future benefits2017-01-013
Total of all active and inactive participants2017-01-0143
Total participants2017-01-0143
Number of participants with account balances2017-01-0118
2016: PLATINUM 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0133
Total number of active participants reported on line 7a of the Form 55002016-01-0154
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-012
Total of all active and inactive participants2016-01-0156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0156
Number of participants with account balances2016-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: PLATINUM 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-02-060
Total number of active participants reported on line 7a of the Form 55002015-02-0633
Total of all active and inactive participants2015-02-0633
Total participants2015-02-0633
Number of participants with account balances2015-02-068

Financial Data on PLATINUM 401(K) PLAN

Measure Date Value
2021 : PLATINUM 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$-1,012,832
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$382,968
Expenses. Total of all expenses incurred2021-12-31$341,356
Benefits paid (including direct rollovers)2021-12-31$340,362
Total plan assets at end of year2021-12-31$0
Total plan assets at beginning of year2021-12-31$971,220
Value of fidelity bond covering the plan2021-12-31$3,000,000
Total contributions received or receivable from participants2021-12-31$184,518
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$133,853
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$41,612
Net plan assets at end of year (total assets less liabilities)2021-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$971,220
Total contributions received or receivable from employer(s)2021-12-31$64,597
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$875
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$119
2020 : PLATINUM 401(K) PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$348,190
Expenses. Total of all expenses incurred2020-12-31$61,383
Benefits paid (including direct rollovers)2020-12-31$60,314
Total plan assets at end of year2020-12-31$971,220
Total plan assets at beginning of year2020-12-31$684,413
Value of fidelity bond covering the plan2020-12-31$3,000,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$147,757
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$143,697
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$286,807
Net plan assets at end of year (total assets less liabilities)2020-12-31$971,220
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$684,413
Assets. Value of participant loans2020-12-31$0
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$56,736
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$1,069
2019 : PLATINUM 401(K) PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$339,564
Expenses. Total of all expenses incurred2019-12-31$119,587
Benefits paid (including direct rollovers)2019-12-31$118,981
Total plan assets at end of year2019-12-31$684,413
Total plan assets at beginning of year2019-12-31$464,436
Value of fidelity bond covering the plan2019-12-31$3,000,000
Total contributions received or receivable from participants2019-12-31$154,376
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$114,151
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$219,977
Net plan assets at end of year (total assets less liabilities)2019-12-31$684,413
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$464,436
Total contributions received or receivable from employer(s)2019-12-31$71,037
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$606
2018 : PLATINUM 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$191,939
Expenses. Total of all expenses incurred2018-12-31$452,654
Benefits paid (including direct rollovers)2018-12-31$452,554
Total plan assets at end of year2018-12-31$464,436
Total plan assets at beginning of year2018-12-31$725,151
Value of fidelity bond covering the plan2018-12-31$3,000,000
Total contributions received or receivable from participants2018-12-31$135,512
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-8,102
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-260,715
Net plan assets at end of year (total assets less liabilities)2018-12-31$464,436
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$725,151
Assets. Value of participant loans2018-12-31$0
Total contributions received or receivable from employer(s)2018-12-31$64,529
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$100
2017 : PLATINUM 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$339,960
Expenses. Total of all expenses incurred2017-12-31$55,479
Benefits paid (including direct rollovers)2017-12-31$55,441
Total plan assets at end of year2017-12-31$725,151
Total plan assets at beginning of year2017-12-31$440,670
Value of fidelity bond covering the plan2017-12-31$3,000,000
Total contributions received or receivable from participants2017-12-31$93,998
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$111,546
Other income received2017-12-31$87,304
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$284,481
Net plan assets at end of year (total assets less liabilities)2017-12-31$725,151
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$440,670
Assets. Value of participant loans2017-12-31$6,450
Total contributions received or receivable from employer(s)2017-12-31$47,112
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$38
2016 : PLATINUM 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$380,495
Expenses. Total of all expenses incurred2016-12-31$9,608
Benefits paid (including direct rollovers)2016-12-31$4,428
Total plan assets at end of year2016-12-31$440,670
Total plan assets at beginning of year2016-12-31$69,783
Value of fidelity bond covering the plan2016-12-31$0
Total contributions received or receivable from participants2016-12-31$89,002
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$204,333
Other income received2016-12-31$46,135
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$370,887
Net plan assets at end of year (total assets less liabilities)2016-12-31$440,670
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$69,783
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022016-12-31$0
Total contributions received or receivable from employer(s)2016-12-31$41,025
Value of certain deemed distributions of participant loans2016-12-31$5,061
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$119
2015 : PLATINUM 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$69,783
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$69,783
Total plan assets at beginning of year2015-12-31$0
Value of fidelity bond covering the plan2015-12-31$0
Total contributions received or receivable from participants2015-12-31$45,283
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-639
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$69,783
Net plan assets at end of year (total assets less liabilities)2015-12-31$69,783
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022015-12-31$0
Total contributions received or receivable from employer(s)2015-12-31$25,139
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0

Form 5500 Responses for PLATINUM 401(K) PLAN

2021: PLATINUM 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingYes
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PLATINUM 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PLATINUM 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PLATINUM 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PLATINUM 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedYes
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PLATINUM 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PLATINUM 401(K) PLAN 2015 form 5500 responses
2015-02-06Type of plan entitySingle employer plan
2015-02-06First time form 5500 has been submittedYes
2015-02-06Submission has been amendedYes
2015-02-06This submission is the final filingNo
2015-02-06This return/report is a short plan year return/report (less than 12 months)Yes
2015-02-06Plan is a collectively bargained planNo
2015-02-06Plan funding arrangement – TrustYes
2015-02-06Plan benefit arrangement - TrustYes

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