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PERFORMANCE ACADEMIES 401(K) PLAN 401k Plan overview

Plan NamePERFORMANCE ACADEMIES 401(K) PLAN
Plan identification number 001

PERFORMANCE ACADEMIES 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

PERFORMANCE ACADEMIES, LLC has sponsored the creation of one or more 401k plans.

Company Name:PERFORMANCE ACADEMIES, LLC
Employer identification number (EIN):260809772
NAIC Classification:611000

Additional information about PERFORMANCE ACADEMIES, LLC

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 2006-11-17
Company Identification Number: 1662144
Legal Registered Office Address: 150 E. GAY STREET
24TH FLOOR
COLUMBUS
United States of America (USA)
43215

More information about PERFORMANCE ACADEMIES, LLC

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01

Plan Statistics for PERFORMANCE ACADEMIES 401(K) PLAN

401k plan membership statisitcs for PERFORMANCE ACADEMIES 401(K) PLAN

Measure Date Value
2017: PERFORMANCE ACADEMIES 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01126
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
Number of participants with account balances2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: PERFORMANCE ACADEMIES 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01135
Total number of active participants reported on line 7a of the Form 55002016-01-0195
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0131
Total of all active and inactive participants2016-01-01126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01126
Number of participants with account balances2016-01-0166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-019

Financial Data on 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 incurred2017-09-06$487,524
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-09-06$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 year2017-09-06$0
Value of total assets at beginning of year2017-09-06$356,939
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-09-06$17,440
Total interest from all sources2017-09-06$168
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-09-06Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2017-09-06$0
Administrative expenses professional fees incurred2017-09-06$15,984
Was this plan covered by a fidelity bond2017-09-06Yes
Value of fidelity bond cover2017-09-06$500,000
If this is an individual account plan, was there a blackout period2017-09-06Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-09-06$0
Were there any nonexempt tranactions with any party-in-interest2017-09-06No
Contributions received from participants2017-09-06$67,244
Participant contributions at end of year2017-09-06$0
Participant contributions at beginning of year2017-09-06$6,177
Participant contributions at end of year2017-09-06$0
Participant contributions at beginning of year2017-09-06$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 year2017-09-06$0
Total non interest bearing cash at end of year2017-09-06$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-09-06No
Value of net income/loss2017-09-06$-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)2017-09-06No
Were any loans by the plan or fixed income obligations due to the plan in default2017-09-06No
Were any leases to which the plan was party in default or uncollectible2017-09-06No
Value of interest in pooled separate accounts at end of year2017-09-06$0
Value of interest in pooled separate accounts at beginning of year2017-09-06$326,214
Interest on participant loans2017-09-06$168
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-09-06$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-09-06$18,292
Net investment gain/loss from pooled separate accounts2017-09-06$35,201
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-09-06No
Was there a failure to transmit to the plan any participant contributions2017-09-06No
Has the plan failed to provide any benefit when due under the plan2017-09-06No
Contributions received in cash from employer2017-09-06$26,734
Employer contributions (assets) at end of year2017-09-06$0
Employer contributions (assets) at beginning of year2017-09-06$2,086
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-09-06$470,084
Contract administrator fees2017-09-06$1,456
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-09-06Yes
Did the plan have assets held for investment2017-09-06Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-09-06No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-09-06Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-09-06Yes
Opinion of an independent qualified public accountant for this plan2017-09-06Disclaimer
Accountancy firm name2017-09-06CROSKEY LANNI, P.C.
Accountancy firm EIN2017-09-06382777985
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 incurred2016-12-31$19,532
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$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 year2016-12-31$356,939
Value of total assets at beginning of year2016-12-31$180,375
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,615
Total interest from all sources2016-12-31$86
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Administrative expenses professional fees incurred2016-12-31$1,615
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$114,316
Participant contributions at end of year2016-12-31$6,177
Participant contributions at end of year2016-12-31$4,170
Participant contributions at beginning of year2016-12-31$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 appraiser2016-12-31No
Value of net income/loss2016-12-31$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)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in pooled separate accounts at end of year2016-12-31$326,214
Value of interest in pooled separate accounts at beginning of year2016-12-31$164,443
Interest on participant loans2016-12-31$86
Interest earned on other investments2016-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$18,292
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$9,089
Net investment gain/loss from pooled separate accounts2016-12-31$22,728
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$56,574
Employer contributions (assets) at end of year2016-12-31$2,086
Employer contributions (assets) at beginning of year2016-12-31$2,783
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$17,917
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31CROSKEY LANNI, P.C.
Accountancy firm EIN2016-12-31382777985

Form 5500 Responses for PERFORMANCE ACADEMIES 401(K) PLAN

2017: PERFORMANCE ACADEMIES 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PERFORMANCE ACADEMIES 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MUTUAL OF OMAHA (National Association of Insurance Commissioners NAIC id number: 69868 )
Policy contract number221374
Policy instance 1
Insurance contract or identification number221374
Insurance policy start date2017-01-01
Insurance policy end date2017-09-06
Total amount of commissions paid to insurance brokerUSD $1,227
Total amount of fees paid to insurance companyUSD $245
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $1,227
Amount paid for insurance broker fees245
Additional information about fees paid to insurance brokerADMINISTRATIVE FEES
Insurance broker organization code?5
Insurance broker nameFREEDMAN BENEFITS GROUP

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