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PALS ENTERPRISES, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NamePALS ENTERPRISES, INC. PROFIT SHARING PLAN
Plan identification number 001

PALS ENTERPRISES, INC. PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

PALS ENTERPRISES, INC. has sponsored the creation of one or more 401k plans.

Company Name:PALS ENTERPRISES, INC.
Employer identification number (EIN):262556351
NAIC Classification:812310
NAIC Description:Coin-Operated Laundries and Drycleaners

Additional information about PALS ENTERPRISES, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1988-07-14
Company Identification Number: 0108311400
Legal Registered Office Address: 1214 A ST

FLORESVILLE
United States of America (USA)
78114

More information about PALS ENTERPRISES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PALS ENTERPRISES, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-04-01JOSEPH PALIANTO
0012015-04-01JOSEPH PALIANTO
0012014-04-01JOSEPH PALIANTO
0012013-04-01JOSEPH PALIANTO
0012012-04-01JOSEPH PALIANTO
0012011-04-01JOSEPH PALIANTO
0012009-04-01JOSEPH PALIANTO

Plan Statistics for PALS ENTERPRISES, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for PALS ENTERPRISES, INC. PROFIT SHARING PLAN

Measure Date Value
2016: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-04-012
Total number of active participants reported on line 7a of the Form 55002016-04-010
Number of retired or separated participants receiving benefits2016-04-010
Number of other retired or separated participants entitled to future benefits2016-04-010
Total of all active and inactive participants2016-04-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-04-010
Total participants2016-04-010
Number of participants with account balances2016-04-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-04-010
2015: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-04-012
Total number of active participants reported on line 7a of the Form 55002015-04-012
Number of retired or separated participants receiving benefits2015-04-010
Number of other retired or separated participants entitled to future benefits2015-04-010
Total of all active and inactive participants2015-04-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-04-010
Total participants2015-04-012
Number of participants with account balances2015-04-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-04-010
2014: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-04-012
Total number of active participants reported on line 7a of the Form 55002014-04-012
Number of retired or separated participants receiving benefits2014-04-010
Number of other retired or separated participants entitled to future benefits2014-04-010
Total of all active and inactive participants2014-04-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-04-010
Total participants2014-04-012
Number of participants with account balances2014-04-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-04-010
2013: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-04-012
Total number of active participants reported on line 7a of the Form 55002013-04-012
Number of retired or separated participants receiving benefits2013-04-010
Number of other retired or separated participants entitled to future benefits2013-04-010
Total of all active and inactive participants2013-04-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-04-010
Total participants2013-04-012
Number of participants with account balances2013-04-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-04-010
2012: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-04-012
Total number of active participants reported on line 7a of the Form 55002012-04-012
Number of retired or separated participants receiving benefits2012-04-010
Number of other retired or separated participants entitled to future benefits2012-04-010
Total of all active and inactive participants2012-04-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-04-010
Total participants2012-04-012
Number of participants with account balances2012-04-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-04-010
2011: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-04-012
Total number of active participants reported on line 7a of the Form 55002011-04-012
Number of retired or separated participants receiving benefits2011-04-010
Number of other retired or separated participants entitled to future benefits2011-04-010
Total of all active and inactive participants2011-04-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-04-010
Total participants2011-04-012
Number of participants with account balances2011-04-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-04-010
2009: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-04-011
Total number of active participants reported on line 7a of the Form 55002009-04-011
Total of all active and inactive participants2009-04-011
Total participants2009-04-011
Number of participants with account balances2009-04-010

Financial Data on PALS ENTERPRISES, INC. PROFIT SHARING PLAN

Measure Date Value
2016 : PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-08-31$-22,399
Expenses. Total of all expenses incurred2016-08-31$59,050
Benefits paid (including direct rollovers)2016-08-31$59,050
Total plan assets at end of year2016-08-31$0
Total plan assets at beginning of year2016-08-31$81,449
Value of fidelity bond covering the plan2016-08-31$23,000
Total contributions received or receivable from participants2016-08-31$0
Contributions received from other sources (not participants or employers)2016-08-31$0
Other income received2016-08-31$-22,399
Net income (gross income less expenses)2016-08-31$-81,449
Net plan assets at end of year (total assets less liabilities)2016-08-31$0
Net plan assets at beginning of year (total assets less liabilities)2016-08-31$81,449
Assets. Value of employer securities2016-08-31$0
Total contributions received or receivable from employer(s)2016-08-31$0
Value of certain deemed distributions of participant loans2016-08-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-08-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-08-31$0
Total income from all sources2016-03-31$16,449
Expenses. Total of all expenses incurred2016-03-31$0
Benefits paid (including direct rollovers)2016-03-31$0
Total plan assets at end of year2016-03-31$81,449
Total plan assets at beginning of year2016-03-31$65,000
Value of fidelity bond covering the plan2016-03-31$23,000
Total contributions received or receivable from participants2016-03-31$0
Contributions received from other sources (not participants or employers)2016-03-31$0
Other income received2016-03-31$16,449
Net income (gross income less expenses)2016-03-31$16,449
Net plan assets at end of year (total assets less liabilities)2016-03-31$81,449
Net plan assets at beginning of year (total assets less liabilities)2016-03-31$65,000
Assets. Value of employer securities2016-03-31$81,449
Total contributions received or receivable from employer(s)2016-03-31$0
Value of certain deemed distributions of participant loans2016-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-03-31$0
2015 : PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-03-31$30,415
Expenses. Total of all expenses incurred2015-03-31$0
Benefits paid (including direct rollovers)2015-03-31$0
Total plan assets at end of year2015-03-31$65,000
Total plan assets at beginning of year2015-03-31$34,585
Value of fidelity bond covering the plan2015-03-31$23,000
Total contributions received or receivable from participants2015-03-31$0
Contributions received from other sources (not participants or employers)2015-03-31$0
Other income received2015-03-31$30,415
Net income (gross income less expenses)2015-03-31$30,415
Net plan assets at end of year (total assets less liabilities)2015-03-31$65,000
Net plan assets at beginning of year (total assets less liabilities)2015-03-31$34,585
Assets. Value of employer securities2015-03-31$65,000
Total contributions received or receivable from employer(s)2015-03-31$0
Value of certain deemed distributions of participant loans2015-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-03-31$0
2014 : PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-03-31$-33,395
Expenses. Total of all expenses incurred2014-03-31$0
Benefits paid (including direct rollovers)2014-03-31$0
Total plan assets at end of year2014-03-31$34,585
Total plan assets at beginning of year2014-03-31$67,980
Value of fidelity bond covering the plan2014-03-31$23,000
Total contributions received or receivable from participants2014-03-31$0
Contributions received from other sources (not participants or employers)2014-03-31$0
Other income received2014-03-31$-33,395
Net income (gross income less expenses)2014-03-31$-33,395
Net plan assets at end of year (total assets less liabilities)2014-03-31$34,585
Net plan assets at beginning of year (total assets less liabilities)2014-03-31$67,980
Assets. Value of employer securities2014-03-31$34,585
Total contributions received or receivable from employer(s)2014-03-31$0
Value of certain deemed distributions of participant loans2014-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-03-31$0
2013 : PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-03-31$-37,838
Expenses. Total of all expenses incurred2013-03-31$0
Benefits paid (including direct rollovers)2013-03-31$0
Total plan assets at end of year2013-03-31$67,980
Total plan assets at beginning of year2013-03-31$105,818
Value of fidelity bond covering the plan2013-03-31$23,000
Total contributions received or receivable from participants2013-03-31$0
Contributions received from other sources (not participants or employers)2013-03-31$0
Other income received2013-03-31$-37,838
Net income (gross income less expenses)2013-03-31$-37,838
Net plan assets at end of year (total assets less liabilities)2013-03-31$67,980
Net plan assets at beginning of year (total assets less liabilities)2013-03-31$105,818
Assets. Value of employer securities2013-03-31$67,980
Total contributions received or receivable from employer(s)2013-03-31$0
Value of certain deemed distributions of participant loans2013-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-03-31$0
2012 : PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-03-31$-102,765
Expenses. Total of all expenses incurred2012-03-31$0
Benefits paid (including direct rollovers)2012-03-31$0
Total plan assets at end of year2012-03-31$105,818
Total plan assets at beginning of year2012-03-31$208,583
Value of fidelity bond covering the plan2012-03-31$23,000
Total contributions received or receivable from participants2012-03-31$0
Contributions received from other sources (not participants or employers)2012-03-31$0
Other income received2012-03-31$-102,765
Net income (gross income less expenses)2012-03-31$-102,765
Net plan assets at end of year (total assets less liabilities)2012-03-31$105,818
Net plan assets at beginning of year (total assets less liabilities)2012-03-31$208,583
Assets. Value of employer securities2012-03-31$105,818
Total contributions received or receivable from employer(s)2012-03-31$0
Value of certain deemed distributions of participant loans2012-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-03-31$0
2011 : PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-03-31$208,598
Expenses. Total of all expenses incurred2011-03-31$15
Total plan assets at end of year2011-03-31$208,583
Total plan assets at beginning of year2011-03-31$0
Value of fidelity bond covering the plan2011-03-31$23,000
Contributions received from other sources (not participants or employers)2011-03-31$228,000
Other income received2011-03-31$-19,402
Net income (gross income less expenses)2011-03-31$208,583
Net plan assets at end of year (total assets less liabilities)2011-03-31$208,583
Net plan assets at beginning of year (total assets less liabilities)2011-03-31$0
Assets. Value of employer securities2011-03-31$208,583
Expenses. Administrative service providers (salaries,fees and commissions)2011-03-31$15

Form 5500 Responses for PALS ENTERPRISES, INC. PROFIT SHARING PLAN

2016: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2016 form 5500 responses
2016-04-01Type of plan entitySingle employer plan
2016-04-01This submission is the final filingYes
2016-04-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-04-01Plan funding arrangement – TrustYes
2016-04-01Plan benefit arrangement - TrustYes
2015: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2015 form 5500 responses
2015-04-01Type of plan entitySingle employer plan
2015-04-01Plan funding arrangement – TrustYes
2015-04-01Plan benefit arrangement - TrustYes
2014: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-04-01Type of plan entitySingle employer plan
2014-04-01Plan funding arrangement – TrustYes
2014-04-01Plan benefit arrangement - TrustYes
2013: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-04-01Type of plan entitySingle employer plan
2013-04-01Plan funding arrangement – TrustYes
2013-04-01Plan benefit arrangement - TrustYes
2012: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-04-01Type of plan entitySingle employer plan
2012-04-01Plan funding arrangement – TrustYes
2012-04-01Plan benefit arrangement - TrustYes
2011: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-04-01Type of plan entitySingle employer plan
2011-04-01Plan funding arrangement – TrustYes
2011-04-01Plan benefit arrangement - TrustYes
2009: PALS ENTERPRISES, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-04-01Type of plan entitySingle employer plan
2009-04-01First time form 5500 has been submittedYes
2009-04-01Submission has been amendedNo
2009-04-01This submission is the final filingNo
2009-04-01This return/report is a short plan year return/report (less than 12 months)No
2009-04-01Plan is a collectively bargained planNo
2009-04-01Plan funding arrangement – TrustYes
2009-04-01Plan benefit arrangement - TrustYes

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