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PROSSER LABS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NamePROSSER LABS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

PROSSER LABS, INC. 401(K) 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.
  • 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.

401k Sponsoring company profile

PROSSER LABS, INC. has sponsored the creation of one or more 401k plans.

Company Name:PROSSER LABS, INC.
Employer identification number (EIN):232690474
NAIC Classification:541700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROSSER LABS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DAVID SCHOLTZ2024-09-24
0012022-01-01DAVID SCHOLTZ2023-10-09
0012021-01-01DAVID SCHOLTZ2022-09-30
0012020-01-01DAVID SCHOLTZ2021-10-06
0012019-01-01DAVID SCHOLTZ2020-10-13
0012018-01-01DAVID SCHOLTZ2019-08-29
0012017-01-01DAVID SCHOLTZ2018-06-27
0012016-01-01DAVID SCHOLTZ2017-10-12
0012015-01-01DAVID SCHOLTZ2016-09-19 DAVID SCHOLTZ2016-09-19
0012014-01-01DAVID SCHOLTZ2015-10-13 DAVID SCHOLTZ2015-10-13
0012013-01-01DAVID SCHOLTZ2014-09-23 DAVID SCHOLTZ2014-09-23
0012012-01-01DAVID SCHOLTZ2013-10-08 DAVID SCHOLTZ2013-10-08
0012011-01-01DAVID SCHOLTZ DAVID SCHOLTZ2012-07-03
0012009-01-01DAVID SCHOLTZ DAVID SCHOLTZ2010-10-05

Plan Statistics for PROSSER LABS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PROSSER LABS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2011: PROSSER LABS, INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0118
Total number of active participants reported on line 7a of the Form 55002011-01-0116
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-014
Total of all active and inactive participants2011-01-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0120
Number of participants with account balances2011-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: PROSSER LABS, INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0115
Total number of active participants reported on line 7a of the Form 55002009-01-0118
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 participants2009-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0123
Number of participants with account balances2009-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PROSSER LABS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2011 : PROSSER LABS, INC. 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$3,540
Expenses. Total of all expenses incurred2011-12-31$0
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$438,754
Total plan assets at beginning of year2011-12-31$435,214
Total contributions received or receivable from participants2011-12-31$19,396
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-20,292
Net income (gross income less expenses)2011-12-31$3,540
Net plan assets at end of year (total assets less liabilities)2011-12-31$438,754
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$435,214
Total contributions received or receivable from employer(s)2011-12-31$4,436
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
2010 : PROSSER LABS, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$83,563
Expenses. Total of all expenses incurred2010-12-31$29,882
Benefits paid (including direct rollovers)2010-12-31$29,882
Total plan assets at end of year2010-12-31$435,214
Total plan assets at beginning of year2010-12-31$381,533
Total contributions received or receivable from participants2010-12-31$24,154
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$53,060
Net income (gross income less expenses)2010-12-31$53,681
Net plan assets at end of year (total assets less liabilities)2010-12-31$435,214
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$381,533
Total contributions received or receivable from employer(s)2010-12-31$6,349
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$0

Form 5500 Responses for PROSSER LABS, INC. 401(K) PROFIT SHARING PLAN

2011: PROSSER LABS, INC. 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
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 benefit arrangement – InsuranceYes
2009: PROSSER LABS, INC. 401(K) PROFIT SHARING 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

Insurance Providers Used on plan

METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )
Policy contract number922830
Policy instance 1
Insurance contract or identification number922830
Number of Individuals Covered6
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $902
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )
Policy contract number922830
Policy instance 1
Insurance contract or identification number922830
Number of Individuals Covered6
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $784
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $784
Insurance broker organization code?4
Insurance broker nameMORGAN STANLEY SMITH BARNEY LLC

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