PERFORMANCE ACADEMIES, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PERFORMANCE ACADEMIES 401(K) PLAN
| Measure | Date | Value |
|---|
| 2017 : PERFORMANCE ACADEMIES 401(K) PLAN 2017 401k financial data |
|---|
| Total income from all sources (including contributions) | 2017-09-06 | $130,585 |
| Total of all expenses incurred | 2017-09-06 | $487,524 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-09-06 | $470,084 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-09-06 | $95,216 |
| Value of total assets at end of year | 2017-09-06 | $0 |
| Value of total assets at beginning of year | 2017-09-06 | $356,939 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-09-06 | $17,440 |
| Total interest from all sources | 2017-09-06 | $168 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-09-06 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2017-09-06 | $0 |
| Administrative expenses professional fees incurred | 2017-09-06 | $15,984 |
| Was this plan covered by a fidelity bond | 2017-09-06 | Yes |
| Value of fidelity bond cover | 2017-09-06 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2017-09-06 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-09-06 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2017-09-06 | No |
| Contributions received from participants | 2017-09-06 | $67,244 |
| Participant contributions at end of year | 2017-09-06 | $0 |
| Participant contributions at beginning of year | 2017-09-06 | $6,177 |
| Participant contributions at end of year | 2017-09-06 | $0 |
| Participant contributions at beginning of year | 2017-09-06 | $4,170 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2017-09-06 | $1,238 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-09-06 | $0 |
| Total non interest bearing cash at end of year | 2017-09-06 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-09-06 | No |
| Value of net income/loss | 2017-09-06 | $-356,939 |
| Value of net assets at end of year (total assets less liabilities) | 2017-09-06 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-09-06 | $356,939 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-09-06 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2017-09-06 | No |
| Were any leases to which the plan was party in default or uncollectible | 2017-09-06 | No |
| Value of interest in pooled separate accounts at end of year | 2017-09-06 | $0 |
| Value of interest in pooled separate accounts at beginning of year | 2017-09-06 | $326,214 |
| Interest on participant loans | 2017-09-06 | $168 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2017-09-06 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-09-06 | $18,292 |
| Net investment gain/loss from pooled separate accounts | 2017-09-06 | $35,201 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-09-06 | No |
| Was there a failure to transmit to the plan any participant contributions | 2017-09-06 | No |
| Has the plan failed to provide any benefit when due under the plan | 2017-09-06 | No |
| Contributions received in cash from employer | 2017-09-06 | $26,734 |
| Employer contributions (assets) at end of year | 2017-09-06 | $0 |
| Employer contributions (assets) at beginning of year | 2017-09-06 | $2,086 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-09-06 | $470,084 |
| Contract administrator fees | 2017-09-06 | $1,456 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2017-09-06 | Yes |
| Did the plan have assets held for investment | 2017-09-06 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-09-06 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-09-06 | Yes |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-09-06 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2017-09-06 | Disclaimer |
| Accountancy firm name | 2017-09-06 | CROSKEY LANNI, P.C. |
| Accountancy firm EIN | 2017-09-06 | 382777985 |
| 2016 : PERFORMANCE ACADEMIES 401(K) PLAN 2016 401k financial data |
|---|
| Total income from all sources (including contributions) | 2016-12-31 | $196,096 |
| Total of all expenses incurred | 2016-12-31 | $19,532 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $17,917 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $173,282 |
| Value of total assets at end of year | 2016-12-31 | $356,939 |
| Value of total assets at beginning of year | 2016-12-31 | $180,375 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $1,615 |
| Total interest from all sources | 2016-12-31 | $86 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
| Administrative expenses professional fees incurred | 2016-12-31 | $1,615 |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
| Contributions received from participants | 2016-12-31 | $114,316 |
| Participant contributions at end of year | 2016-12-31 | $6,177 |
| Participant contributions at end of year | 2016-12-31 | $4,170 |
| Participant contributions at beginning of year | 2016-12-31 | $4,060 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $2,392 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Value of net income/loss | 2016-12-31 | $176,564 |
| Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $356,939 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $180,375 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2016-12-31 | $326,214 |
| Value of interest in pooled separate accounts at beginning of year | 2016-12-31 | $164,443 |
| Interest on participant loans | 2016-12-31 | $86 |
| Interest earned on other investments | 2016-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2016-12-31 | $18,292 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2016-12-31 | $9,089 |
| Net investment gain/loss from pooled separate accounts | 2016-12-31 | $22,728 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
| Contributions received in cash from employer | 2016-12-31 | $56,574 |
| Employer contributions (assets) at end of year | 2016-12-31 | $2,086 |
| Employer contributions (assets) at beginning of year | 2016-12-31 | $2,783 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $17,917 |
| Did the plan have assets held for investment | 2016-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
| Accountancy firm name | 2016-12-31 | CROSKEY LANNI, P.C. |
| Accountancy firm EIN | 2016-12-31 | 382777985 |
