Logo

PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 401k Plan overview

Plan NamePUERTO RICAN ACTION BOARD, INC. 401(K) PLAN
Plan identification number 001

PUERTO RICAN ACTION BOARD, INC. 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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

JUNTA DE ACCION PUERTORRIQUENA INC. (PUERTO RICAN ACTION BOARD, INC.) has sponsored the creation of one or more 401k plans.

Company Name:JUNTA DE ACCION PUERTORRIQUENA INC. (PUERTO RICAN ACTION BOARD, INC.)
Employer identification number (EIN):221944440
NAIC Classification:812990
NAIC Description:All Other Personal Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01JOSE MONTES JOSE MONTES2014-10-02
0012012-01-01MICHAEL BELTRANENA MICHAEL BELTRANENA2013-10-15
0012011-01-01MICHAEL BELTRANENA MICHAEL BELTRANENA2013-10-15
0012010-01-01JOSE E FIGUEROA
0012009-01-01JOSE FIGUEROA

Plan Statistics for PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN

401k plan membership statisitcs for PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN

Measure Date Value
2013: PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01174
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-010
Number of participants with account balances2013-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01168
Total number of active participants reported on line 7a of the Form 55002012-01-01174
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-01174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01174
Number of participants with account balances2012-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01171
Total number of active participants reported on line 7a of the Form 55002011-01-01162
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-01162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01162
Number of participants with account balances2011-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0165
Total number of active participants reported on line 7a of the Form 55002010-01-0160
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-014
Total of all active and inactive participants2010-01-0164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0164
Number of participants with account balances2010-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0166
Total number of active participants reported on line 7a of the Form 55002009-01-0160
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0165
Number of participants with account balances2009-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN

Measure Date Value
2013 : PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$44,643
Total of all expenses incurred2013-12-31$119,328
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$116,622
Expenses. Certain deemed distributions of participant loans2013-12-31$2,056
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$32,889
Value of total assets at end of year2013-12-31$0
Value of total assets at beginning of year2013-12-31$74,685
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$650
Total interest from all sources2013-12-31$45
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-12-31$0
Administrative expenses professional fees incurred2013-12-31$650
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$32,889
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$2,084
Other income not declared elsewhere2013-12-31$26
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-74,685
Value of net assets at end of year (total assets less liabilities)2013-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$74,685
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 pooled separate accounts at end of year2013-12-31$0
Value of interest in pooled separate accounts at beginning of year2013-12-31$55,523
Interest on participant loans2013-12-31$45
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$17,078
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$11,336
Net investment gain/loss from pooled separate accounts2013-12-31$347
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 contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$116,622
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 PBGC2013-12-31Yes
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 name2013-12-31WITHUM SMITH BROWN, PC
Accountancy firm EIN2013-12-31222027092
2012 : PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$37,166
Total of all expenses incurred2012-12-31$145
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$31,413
Value of total assets at end of year2012-12-31$74,685
Value of total assets at beginning of year2012-12-31$37,664
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$145
Total interest from all sources2012-12-31$63
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$31,413
Participant contributions at end of year2012-12-31$2,084
Participant contributions at beginning of year2012-12-31$606
Participant contributions at beginning of year2012-12-31$0
Other income not declared elsewhere2012-12-31$78
Administrative expenses (other) incurred2012-12-31$145
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$37,021
Value of net assets at end of year (total assets less liabilities)2012-12-31$74,685
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$37,664
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in pooled separate accounts at end of year2012-12-31$55,523
Value of interest in pooled separate accounts at beginning of year2012-12-31$37,058
Interest on participant loans2012-12-31$63
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$17,078
Net investment gain/loss from pooled separate accounts2012-12-31$5,612
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Employer contributions (assets) at beginning of year2012-12-31$0
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31WITHUM SMITH BROWN, PC
Accountancy firm EIN2012-12-31222027092
2011 : PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$11,570
Total of all expenses incurred2011-12-31$5,904
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$3,647
Expenses. Certain deemed distributions of participant loans2011-12-31$812
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$12,462
Value of total assets at end of year2011-12-31$37,665
Value of total assets at beginning of year2011-12-31$31,999
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$1,445
Total interest from all sources2011-12-31$133
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31No
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$9,582
Participant contributions at end of year2011-12-31$606
Participant contributions at beginning of year2011-12-31$34
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Income. Non cash contributions2011-12-31$2,880
Value of net income/loss2011-12-31$5,666
Value of net assets at end of year (total assets less liabilities)2011-12-31$37,665
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$31,999
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$37,059
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$0
Value of interest in pooled separate accounts at beginning of year2011-12-31$25,964
Interest on participant loans2011-12-31$133
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$6,001
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-1,025
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$3,647
Contract administrator fees2011-12-31$1,445
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31WITHUM SMITH BROWN, PC
Accountancy firm EIN2011-12-31222027092
2010 : PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$7,304
Expenses. Total of all expenses incurred2010-12-31$28,352
Benefits paid (including direct rollovers)2010-12-31$24,892
Total plan assets at end of year2010-12-31$31,999
Total plan assets at beginning of year2010-12-31$53,047
Value of fidelity bond covering the plan2010-12-31$300,000
Total contributions received or receivable from participants2010-12-31$3,653
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$3,651
Net income (gross income less expenses)2010-12-31$-21,048
Net plan assets at end of year (total assets less liabilities)2010-12-31$31,999
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$53,047
Assets. Value of participant loans2010-12-31$34
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$2,880
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$580

Form 5500 Responses for PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN

2013: PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 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 filingYes
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 – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: PUERTO RICAN ACTION BOARD, INC. 401(K) 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 – InsuranceYes
2010-01-01Plan benefit arrangement – InsuranceYes
2009: PUERTO RICAN ACTION BOARD, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1